Ib+g+jun17+accn4+mark+scheme+upd May 2026

The code "ib/g/jun17/accn4/mark scheme/upd" refers to the official AQA A-level Accounting Unit 4 (Further Aspects of Management Accounting) exam paper and its corresponding updated mark scheme from June 2017.  Exam Paper Details (ACCN4 June 2017) 

The exam was held on Thursday, 15 June 2017, and had a maximum of 90 marks. It consisted of four main questions: 

Question 3 (Investment Appraisal): Involved calculating the payback period and Net Present Value (NPV) at a 12% cost of capital for two machines (Machine A and Machine B).

Question 4 (Budgeting & Marginal Costing): Focused on PR Support Limited, a service business with three departments (Payroll, Market Research, and Financial Services).

Labor Costs: Fixed salaries for 12 employees (£15/hour for 40 hours/week, 48 weeks/year) plus overtime paid at a 50% premium. ib+g+jun17+accn4+mark+scheme+upd

Overheads: Fixed overheads of £75,000 per year split equally between departments.  Mark Scheme Content Overview 

The mark scheme provides specific guidance for examiners on how to award marks for calculations and evaluation. Key elements likely included in the updated (upd) version: 

Marginal Costing: Definition and application for service-based businesses like PR Support Limited.

Investment Appraisal: Direct marks for correct NPV calculations using specific discount factors (Year 1: 0.893 to Year 4: 0.636). A question was statistically anomalous (too hard or

Evaluation: Marks for advising directors on which machine to purchase based purely on financial factors.  Where to Find the Full Documents 

You can access the full question paper and mark schemes on platforms such as:  Accounting Lecture: Contains the ACCN4-W-MS-Jun17.pdf file. StuDocu: Hosts the original question paper.

CIE Notes: Provides a directory of ACCN4 past papers and mark schemes. 

Why an ‘upd’ matters more than you think

A mark scheme update isn’t just errata – it’s a teaching signal. When IB revises a scheme post-examination, it usually means: For the June 2017 accounting paper, teachers who

• A question was statistically anomalous (too hard or ambiguous).
• Student responses revealed a valid method not anticipated in the original scheme.
• Cross-marking between examiners showed inconsistency.

For the June 2017 accounting paper, teachers who studied the updated scheme noticed a pattern: greater tolerance in narrative explanations (e.g. for goodwill calculation) but tighter demands on ledger formats. That balance is classic IB – rewarding conceptual understanding while penalising sloppy professional presentation.

4. Assessment Objectives Grid

| Question | AO1 (Knowledge) | AO2 (Application) | AO3 (Analysis) | AO4 (Evaluation) | Total | | :--- | :---: | :---: | :---: | :---: | :---: | | 1 (a) | 2 | 2 | 0 | 0 | 4 | | 1 (b) | 1 | 1 | 2 | 0 | 4 | | 2 | 4 | 3 | 3 | 0 | 10 | | ... | ... | ... | ... | ... | ... | | Total | 20 | 15 | 10 | 5 | 50 |

3. Budgeting Assumptions

The budgeting question in June 2017 required students to construct a cash budget. The mark scheme was specific regarding the timing of receipts and payments (debtors and creditors).

• Lesson for Students: The mark scheme highlighted the importance of reading the question’s time lag requirements carefully. A significant number of marks were lost by students who assumed cash was received in the same month as a sale, ignoring the credit terms stated in the scenario.