Accounting 9706/31 May June 2010 | Cambridge AS Level Past Papers With Mark Scheme

1. Cash flow adjustments in operating activities: depreciation, working capital changes, and profit on asset disposal.

2. Goodwill accounting in partnerships during new partner admission, with capital account adjustments for goodwill elimination.

3. Shareholders’ funds analysis post-acquisition, considering cash, debenture, and share issuance impacts.

4. Financial statement adjustments for dividends, retained earnings, and capital redemption reserve.

5. Costing and budgeting methods: flexible budgeting, standard costing variances, and incremental budgeting analysis.

6. Capital investment appraisal: net present value, accounting rate of return, and discounted payback period for project evaluation.