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):
Preparing budgets for different departments (e.g., Payroll, Market Research, Financial Services). Cost Accounting:
Requires identifying the year/month payback occurs, likely on machine purchase questions. Calculate Net Present Value (3c): Requires applying discount factors to future cash flows. Advise Directors (3d): ib g jun17 accn4 mark scheme
All workings must be shown and clearly labeled; method marks can be lost if only the final answer is provided. "OF" (Own Figure) Rule:
When advising directors (e.g., to purchase a machine), consider both benefits and drawbacks, usually worth a total of 4-8 marks. Course Hero 4. Sample Question Breakdown (2017-related) Calculate Payback Period (3b): If an incorrect figure is calculated early in
Fixed overheads, salary calculations (including overtime), and allocation of overheads. Marginal Costing: Calculating marginal costs and selling prices. Variances:
Note: This guide is based on data available from June 2017 and similar AQA ACCN4 papers. Ensure you look at the full PDF mark scheme to see the specific 2017 figures. AQA-ACCN4-W-MS-JUN14.pdf - CIE Notes Calculate Net Present Value (3c): Requires applying discount
Marks are awarded for clear, coherent prose answers using technical terminology. Quality of Presentation (QoP):
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
Based on the June 2017 paper and surrounding years' mark schemes (ACCN4 often repeats thematic content): Capital Investment Appraisal:
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