This is the official Cambridge mark scheme for Accounting (9706) Mark Scheme 4 from the 2005 Oct-Nov session. Mark schemes show exactly how each mark is awarded, including acceptable alternative answers, required key terms, and common errors that lose marks. Cambridge mark schemes use notation like "allow," "accept," and "do not credit" to define the boundary between full marks and zero.
Also referenced as: 9706_w05_ms_4 · 9706/4/o/n/05 ms · 9706/4 Oct/Nov 2005 ms
Paper 4: Cost and Management Accounting — This is Paper 4: Cost and Management Accounting, worth 50 marks with a duration of 1h 15m. Cost accounting, marginal and absorption costing, budgeting, standard costing, and investment appraisal. Requires calculations and interpretation of results.
This mark scheme corresponds to 9706_w05_qp_4. For maximum revision benefit, attempt the question paper under strict exam conditions first, then use this mark scheme to self-assess. Pay attention to the marking notation: "allow" means an alternative is accepted, "do not credit" means a specific phrasing is rejected even if technically correct, and "ORA" (or reverse argument) means the mark can also be earned with the opposite reasoning.
Cambridge mark schemes reward precise language. For Accounting (9706), look for keywords the examiner requires — definitions must include specific terms (e.g., "per unit mass," "resultant"), and calculations must show working even if the final answer is correct. Understanding mark scheme conventions helps you write answers that hit every marking point, not just the general idea.
