Accounting 9706/33 May June 2024 | Cambridge AS Level Past Papers With Mark Scheme

1. Identification of inventory costs in work in progress, including direct materials, direct labor, and production overheads.

2. Preparation of manufacturing accounts, including raw materials, labor costs, and overheads to determine production cost.

3. Statement of profit or loss, incorporating revenues, cost of goods sold, gross profit, and operating expenses for financial performance evaluation.

4. Evaluation of research expenditure for product improvement, considering long-term profitability and market competitiveness.

5. Stewardship role of directors in public limited companies, including accountability, transparency, and ethical management practices.

6. Analysis of working capital cycle, liquidity ratios, and comparison of operational efficiency between competing firms.