Accounting 9706,31 Oct Nov 2024 | Cambridge AS - A Level Past Papers With Mark Scheme

1. Financial Statements & Profit Calculation | Profit and Appropriation Accounts – Calculating profit for different periods, preparing appropriation accounts, and computing profit margins.

2. Financial Analysis & Comparisons | Profit Margin and Audit Report Analysis – Evaluating whether profit margins from different business structures should be compared and considering the implications of a qualified audit report.

3. Depreciation & Asset Valuation | Carrying Value and Accumulated Depreciation – Computing accumulated depreciation, carrying values, and original asset costs, and preparing a schedule of non-current assets.

4. Ratio Analysis & Performance Measurement | Net Working Assets to Revenue Ratio – Calculating financial efficiency ratios, assessing the impact of formula changes, and evaluating financial performance perception.

5. Manufacturing & Inventory Accounting | Unrealized Profit and Financial Statement Corrections – Adjusting provision for unrealized profit, preparing corrected profit or loss statements, and updating financial positions.

6. Retained Earnings & Dividend Policy | Assessing Dividend Sustainability – Analyzing whether retained earnings are low due to high dividend payouts and providing strategic recommendations on financial sustainability.