Accounting 9706/42 Oct Nov 2009 | Cambridge AS Level Past Papers With Mark Scheme

1. Business acquisition and partnership closure: Preparation of capital accounts for Aamer and Bjorn, recording asset revaluation, goodwill adjustments, and settlement of creditors upon Drakar Ltd's acquisition.
2. Rights issue and balance sheet preparation: Completion of a rights issue for financing, calculation of shareholder funds, and preparation of Drakar Ltd's balance sheet post-acquisition and rights issue.
3. Reconciliation and cash flow statement: Reconciliation of operating profit to net cash flow from operating activities, preparation of a cash flow statement in accordance with FRS1, and reconciliation of net cash to movement in net debt for Hillman-Worraker Ltd.
4. Manufacturing process costing: Calculation of process 1 account for raw materials, labour, overheads, and fixed costs; determination of cost per kilo for processes 1, 2, and 3; and preparation of accounts for processes 2 and 3.
5. Cost accounting and by-product management: Analysis of labour and variable overheads in multi-stage manufacturing, calculation of costs per completed kilo, and identification of by-products in non-food industries.