Accounting 9706,23 Oct Nov 2024 | Cambridge AS - A Level Past Papers With Mark Scheme

1. Financial Statement Preparation and Adjustments | Correcting financial statement errors, calculating revised profit, and preparing a statement of financial position.

2. Depreciation and Asset Valuation | Identifying factors affecting depreciation, computing corrected asset values, and understanding different depreciation methods.

3. Financial Ratios and Decision-Making | Calculating profit margin and return on capital employed, assessing financing options (loan vs. lease), and evaluating financial impact on business expansion.

4. Control Accounts and Error Corrections | Preparing sales ledger control accounts, correcting purchase ledger errors, and reconciling control accounts with ledgers.

5. Equity and Capital Transactions | Recording share capital changes, bonus issues, rights issues, and dividend payments; differentiating debentures from ordinary shares.

6. Cost-Volume-Profit Analysis and Budgeting | Break-even analysis, marginal costing, budget preparation, and evaluating department performance under different operational strategies.