Accounting 9706/41 Oct Nov 2023 | Cambridge AS Level Past Papers With Mark Scheme

1. Purposes of preparing cash budgets, including planning liquidity and ensuring operational solvency.

2. Cash budget and profit or loss preparation, integrating sales, purchases, and operational costs over a defined period.

3. Comparative evaluation of cash management options, such as offering customer discounts versus extending supplier payment terms.

4. Benefits of variance analysis for performance evaluation and identification of deviations from standards.

5. Variance calculations, including sales price, volume, direct material, labor, and fixed overhead variances.

6. Decision-making on supplier selection, analyzing cost implications of price changes and minimum order quantities.