Accounting 9706/32 Oct Nov 2009 | Cambridge AS Level Past Papers With Mark Scheme

1. Cash flow and debenture transactions: Calculation of net cash flow from operating activities, impact of debenture redemption at a premium on financial statements, and determination of capital redemption reserve requirements.
2. Share capital and equity adjustments: Impact of share buyback on share capital and profit and loss account, calculation of goodwill from business acquisition, and changes in share capital from issuing new shares.
3. Directors’ report and dividend cover: Key elements in the Directors' report, calculation of dividend cover, and appropriate levels of dividends based on net profit.
4. Product costing and labour efficiency: Prioritization of products based on profit from limited labour resources, calculation of relevant costs for business closure, and assessment of overhead recovery and variance in work-in-progress value.
5. Budgeting and variance analysis: Starting point in budget preparation, effective budgetary control features, calculation of budgeted purchases, and identification of causes for adverse material usage variance.
6. Investment appraisal and partnership changes: Evaluation of investment appraisal methods, calculation of internal rate of return, and determination of partner withdrawal amount based on revised goodwill and capital account balances.