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AQA A-level Accounting ACCN4 paper from June 15, 2017 , titled "Further Aspects of Management Accounting," is a 2-hour examination worth a total of 90 marks. Exam Structure and Key Questions
The June 2017 paper is composed of four main questions focusing on management accounting techniques: Question 1: Budgeting & Planning
Covers the management roles of planning, including coordinating future activities to achieve business objectives. Question 2: Marginal Costing
Focuses on decision-making for service-based businesses, such as PR Support Limited, which manages payroll and market research departments. Question 3: Investment Appraisal Requires calculating the Payback Period Net Present Value (NPV)
for competing machinery (Machine A vs. Machine B) using a 12% cost of capital. Candidates must provide advice based on financial factors. Question 4: Departmental Performance
Involves preparing budgets and calculating fixed overheads, including staff salaries and departmental allocations. Marking Guidance & Methodology
The mark scheme for this unit emphasizes several critical marking principles: Method Marks:
Marks for method can be lost if workings are not clearly shown and labelled. Own Figure (OF) Rule:
Examiners are instructed to award marks for the correct method even if a student uses their own previously calculated incorrect figures. Positive Marking:
The scheme is applied positively, awarding marks for what is present rather than deducting for what is missing. Quality of Written Communication (QWC):
Up to 2 marks are typically awarded based on the clarity of prose and the number of spelling, punctuation, or grammar errors. Available Resources
You can access official versions and practice materials through the following platforms: Exam Papers: The full question paper is available on Course Hero Mark Schemes: ib g jun17 accn4 mark scheme exclusive
While the June 2017 ACCN4 mark scheme is sometimes restricted to teacher-only portals, similar guidance for related units (like ACCN3) can be found on to understand AQA's grading style. AQA Official Resources: For current specifications (post-2017), visit the AQA Assessment Resources breakdown of the NPV calculation for Question 3 or a guide on how to answer the marginal costing
To prepare a solid feature based on the June 2017 AQA ACCN4 mark scheme, you must focus on the shift toward service-based scenarios and the rigorous application of "Own Figure" (OF) marking. This specific paper marked a departure from traditional manufacturing-heavy questions, focusing instead on a service business, PR Support Limited. Key Pillars for Your ACCN4 Feature 1. The "Service Sector" Shift
The June 2017 paper is famous for featuring PR Support Limited, a service business with three departments (Payroll, Market Research, and Financial Services).
Marginal Costing: Unlike manufacturing papers that focus on physical inventory, this paper required students to apply marginal costing to labor hours and service delivery.
Overhead Treatment: Fixed overheads included employee salaries, which were split equally across departments—a common trap for students used to floor-space or machine-hour allocations. 2. Mastering the Mark Scheme Mechanics
The 2017 mark scheme emphasizes Positive Marking, rewarding what is present rather than deducting for what is missing.
"Own Figure" (OF) Rule: This is critical. If you make a calculation error early on (e.g., in prime cost), you can still earn full marks for subsequent steps (e.g., production cost or net profit) as long as your method is correct using your previous incorrect figure.
Quality of Written Communication (QWC): In ACCN4, 2 marks are typically reserved for prose answers that use specialist vocabulary and have fewer than three spelling or grammar errors. 3. High-Value Calculation Targets
Based on the June 2017 requirements, your feature should prioritize these technical areas:
Capital Investment Appraisal: Be ready for Payback Period and Net Present Value (NPV) calculations. The 2017 paper specifically used a 12% cost of capital.
Budgeting & Variances: Understanding the difference between budgeted and actual labor costs, especially regarding overtime premiums (50% in this paper), is a recurring theme. 4. Exam Strategy: The "Direct Answer" Approach AQA A-level Accounting ACCN4 paper from June 15,
The examiners' guidance for 2017 highlights that a "perfect answer" is not required for full marks.
Justification: For advisory questions (e.g., "Which machine should they purchase?"), you must justify your recommendation using both financial (NPV, Payback) and non-financial (employee morale, reliability) factors to hit the top mark bands.
Labeling: Clear labeling of workings is mandatory. Missing labels for "Cash from operations" or "Net cash" can cost 1 mark even if the figures are right. Recommended Resources
Practice Paper: Access the ACCN4 June 2017 Question Paper to see the specific layout of the PR Support Limited case.
Mark Scheme Comparison: Compare the 2017 Mark Scheme with previous years to see how the "service business" model changed the marking focus.
AQA ACCN4 June 2017 mark scheme is a formal document used by examiners to grade the "Further Aspects of Management Accounting" unit of the A-level Accounting exam.
The exam paper itself includes tasks such as calculating payback periods, net present value (NPV)
with a 12% cost of capital, and advising on machine purchases based on financial factors. Course Hero Key Marking Principles
Official mark schemes for this unit typically follow these core guidelines to ensure consistent and fair assessment: Positive Marking:
Candidates are rewarded for correct knowledge and methods shown rather than penalized for omissions. Own Figure Rule (OF):
If a student makes an early arithmetic error, they can still receive marks for subsequent steps if their method is correct based on their own incorrect figures. Quality of Written Communication (QWC): "ib" – likely meaning International Baccalaureate (IB) or
In Unit 4, two marks are generally allocated for the quality of prose answers, focusing on spelling, punctuation, grammar, and appropriate technical vocabulary. Quality of Presentation:
Two marks are often awarded for the clear and professional presentation of numerical calculations. Pearson qualifications Content Highlights from the June 2017 Session
The June 2017 paper (IB/G/Jun17/ACCN4) covered several major management accounting topics: Investment Appraisal: Comparing "Machine A" and "Machine B" through payback period and NPV calculations. Budgeting:
Preparing budgets for a service business, "PR Support Limited," which involved managing departmental overheads and employee salaries (including overtime premiums). Standard Costing/Absorption:
Marks are typically awarded for identifying benefits like planning, motivation, and performance evaluation, with a maximum of 4 marks for such theoretical discussions. Course Hero
To review the specific question paper or similar past mark schemes, you can access archives on PapaCambridge budgeting scenario from this specific paper?
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