Accounting 9706/41 Oct Nov 2009 | Cambridge AS Level Past Papers With Mark Scheme

1. Partnership changes and business expansion: Balance sheet preparation for Yip and Sim's partnership and Danny's sole proprietorship, impact of revaluations, and profit comparisons between partnership continuation and buyout options.
2. Cash budget and financial management: Analysis of cash inflows and outflows, measures to resolve cash deficits, and preparation of forecast profit and loss accounts for Svennsen Ltd.
3. Overhead apportionment and absorption costing: Allocation of overheads to production departments at Clang company, calculation of absorption rates, and determination of job pricing using direct labour and machine hours.
4. Costing methods and special order decisions: Calculation of costs for job 55/ZR, evaluation of pricing strategies for a one-off special component, and decision-making based on financial and non-financial data for order acceptance.
5. Depreciation and asset management: Accounting for asset depreciation, valuation adjustments upon sale, and implications for profit and loss statements and balance sheet reporting.
6. Profitability analysis and strategic decision-making: Comparison of financial outcomes from different operational strategies, including partnership restructuring, loan financing, and cost management for special orders.