Accounting 9706/13 Oct Nov 2023 | Cambridge AS Level Past Papers With Mark Scheme

1. Inventory valuation at the lower of cost and net realizable value, applying the prudence concept in accounting.

2. Security measures for computerized accounting systems, emphasizing data backups and antivirus protection.

3. Adjustments for depreciation, including the straight-line and reducing balance methods, and their impact on financial statements.

4. Overhead absorption, under- and over-absorption scenarios, and cost allocation in absorption costing.

5. Marginal costing advantages, decision-making support, and differences from absorption costing.

6. Cost-volume-profit analysis assumptions, break-even strategies, and their impact on financial planning and performance evaluation.