Ib G Jun17 Accn4 Mark Scheme Exclusive [exclusive]

: Stating numbers without explaining why they matter to the business owners or stakeholders. To help you get the most out of your revision, let me know:

Examiners heavily utilized the Own Figure Rule in the variance and NPV sections. If you made an initial arithmetic error in a complex calculation, you were not penalized repeatedly. As long as your subsequent analysis followed standard accounting logic based on that initial incorrect figure, you could still claim full analytical and evaluative marks. 2. Variance Analysis Nuances

A common pitfall was the incorrect sign (positive/negative) for increases in inventory and trade receivables. 3. Management Accounting: Variances ib g jun17 accn4 mark scheme exclusive

Which specific from the June 2017 paper (e.g., NPV, material variance) is giving you trouble?

Based on the structure of the paper, here are specific approaches to maximize your marks: 1. Budgetary Control and Variances : Stating numbers without explaining why they matter

: Correctly adding back non-cash expenses like depreciation and adjusting for working capital changes.

It focuses on the analytical side of accounting rather than simple bookkeeping, covering concepts like: As long as your subsequent analysis followed standard

Budgeting questions in JUN17 tested the transition from a static master budget to a flexible budget framework.

The final section of ACCN4 always demands an evaluation of a company's financial position. In JUN17, this involved assessing liquidity and gearing.