Accounting 9706/22 Oct Nov 2009 | Cambridge AS Level Past Papers With Mark Scheme

1. Financial statement preparation: Calculation of total sales, bank balance, trading and profit and loss account, and balance sheet preparation for Harry’s business.
2. Depreciation and fixed asset management: Calculation of depreciation on furniture, equipment, and motor vehicles using the reducing balance method, preparation of depreciation and disposal accounts, and understanding the treatment of asset sales.
3. Machine cost analysis for order processing: Cost comparison for producing 3000 rods using different machines, evaluation of direct materials, labour, variable overheads, and set-up costs to determine the most cost-effective machine.
4. Impact of efficiency improvements: Analysis of the effects of employing an additional operator on production efficiency, re-calculation of costs with improved production rates and material savings, and advice on cost minimization strategies.
5. Partnership capital and profit adjustments: Calculation of partner's capital account adjustments, profit sharing based on new ratios, and impact of revaluation and goodwill adjustments in partnership changes.
6. Financial decision-making and costing methods: Advising on machine usage based on cost analysis, assessment of adding additional operators to machines for efficiency gains, and decision-making based on cost reduction and operational improvement strategies.