Budgeting and investment appraisal questions often include a "Discuss" or "Evaluate" section (4–6 marks). The mark scheme explicitly states that you cannot get full marks just by saying "Project A is better." You must reference figures from the question (e.g., "Project A has a shorter payback of 2.1 years vs 3.5 years, which suits the company’s liquidity concerns").
coherently, using specialist vocabulary when appropriate. In this specification, QWC will be assessed in all units. On each paper, AQA-ACCN4-W-MS-JUN14.pdf - CIE Notes ib g jun17 accn4 mark scheme
If an incorrect figure is calculated early in a question, examiners will follow the candidate's calculation through in subsequent parts (OF - Own Figure) to award marks, provided the method is correct. Quality of Written Communication (QWC): Budgeting and investment appraisal questions often include a
Based on the examiner's reports associated with the June 17 mark scheme, several common errors lowered student grades: In this specification, QWC will be assessed in all units
The June 2017 ACCN4 paper focused heavily on the practical application of management accounting. Students were tested on their ability to not only calculate figures but also provide critical evaluations of business performance. Key topics included: Standard Costing and Variance Analysis Capital Investment Appraisal (NPV, ARR, and Payback) Budgetary Control and Rationale Activity-Based Costing (ABC) versus Traditional Methods Core Components of the Mark Scheme
: Provides the official mark scheme under the "AQA Past Papers" directory.
In the investment appraisal section, rounding the discount factors prematurely often led to a final NPV that strayed outside the mark scheme’s accepted range.