In the June 2017 series, Section A often focused on Population and Migration. Key marking points included:
The mark scheme uses marking bands to assess student responses. The marking bands are as follows: Ib G Jun17 Accn2 Mark Scheme
Typical data: Share capital (50,000 £1 ordinary shares fully paid), share premium £10,000, revaluation surplus £5,000, retained earnings b/f £22,000. Corporation tax provision £8,000. Proposed dividend 10p per share. In the June 2017 series, Section A often
Mark scheme (style):
| Requirement | Marks | Detail | |-------------|-------|--------| | Income statement (to operating profit) | 4 | Revenue, cost of sales, distribution/admin costs | | Profit before tax | 1 | | | Corporation tax charge | 2 | 1 for correct figure, 1 for placing after PBT | | Profit after tax | 1 | | | Retained earnings b/f | 1 | | | Transfer to reserves | 1 | If any | | Dividends proposed | 2 | Calculation: 50,000 × £0.10 = £5,000 | | Retained earnings c/f | 1 | OFR | | Statement of financial position – equity section | 4 | Share capital, share premium, revaluation reserve, retained earnings (c/f) | | Non-current liabilities | 1 | Corporation tax provision | | Total | 18 | (plus 2 for format/presentation) | The mark scheme uses marking bands to assess
Important distinctions: