Calculating gross and net profit margins, current ratios, and liquid (acid test) ratios.

Use a red pen to mark your work against the scheme. Pay close attention to where you lost "easy" marks, such as missing headers or incorrect labeling.

The ACCN2 module, titled "Financial and Management Accounting," focuses on the practical application of accounting techniques. By June 2017, the exam had established a reputation for testing precision in data entry and the ability to interpret financial health through margin and ratio analysis. Key Focus Areas of the June 2017 Paper

Calculating a full year’s depreciation when an asset was bought mid-year.

If you calculate a wrong total for "Gross Profit" but use that wrong figure correctly to calculate "Net Profit," the mark scheme allows you to earn the marks for the Net Profit calculation. 2. Quality of Written Communication (QWC)

Ib G Jun17 Accn2 Mark Scheme -

Calculating gross and net profit margins, current ratios, and liquid (acid test) ratios.

Use a red pen to mark your work against the scheme. Pay close attention to where you lost "easy" marks, such as missing headers or incorrect labeling.

The ACCN2 module, titled "Financial and Management Accounting," focuses on the practical application of accounting techniques. By June 2017, the exam had established a reputation for testing precision in data entry and the ability to interpret financial health through margin and ratio analysis. Key Focus Areas of the June 2017 Paper

Calculating a full year’s depreciation when an asset was bought mid-year.

If you calculate a wrong total for "Gross Profit" but use that wrong figure correctly to calculate "Net Profit," the mark scheme allows you to earn the marks for the Net Profit calculation. 2. Quality of Written Communication (QWC)