Accounting 9706/32 Oct Nov 2023 | Cambridge AS Level Past Papers With Mark Scheme

1. Calculation of finished goods inventory and production costs, incorporating factory-related adjustments and sale-or-return treatment.

2. Preparation of corrected profit or loss statements, addressing administrative reclassification, unsold goods, asset impairment, and legal contingencies.

3. Assessment of factory profit application, balancing transparency, and operational efficiency.

4. Analysis of life membership fund movements and club surplus/deficit calculations for financial evaluation.

5. Income and expenditure account preparation, reconciling operational and tournament-related income with other operating expenses.

6. Cash flow statement corrections based on IAS 7, addressing liquidity, investment, and operational cash movements.

7. Evaluation of the financial impact of expanding tournaments, fee increases, and proposed bonus share issues.