Accounting 9706/31 Oct Nov 2023 | Cambridge AS Level Past Papers With Mark Scheme

1. Revised profit calculation, addressing errors and amendments for accuracy in financial statements.

2. Evaluation of changes in price/earnings ratio, analyzing financial performance and investor sentiment.

3. Measures to reduce gearing ratio, including strategies such as issuing equity or retaining earnings.

4. Justifications for preparing profit or loss statements, emphasizing investor communication and financial planning.

5. Realization and capital account preparation during business takeovers, including valuation adjustments and settlement entries.

6. Statement of cash flows preparation under IAS 7, categorizing operational, investing, and financing activities.

7. Shareholder perspectives on capital employed changes, focusing on equity, debt, and retained earnings adjustments.