Accounting 9706/31 Oct Nov 2010 | Cambridge AS Level Past Papers With Mark Scheme

1. Partnership profit distribution, adjustments for goodwill, and residual profit allocation based on agreements.

2. Inventory valuation and impact on financial statements, focusing on costing methods and storage versus conversion cost distinctions.

3. Cash and cash equivalents reporting in cash flow statements, differentiating between short-term deposits and other liquid assets.

4. Material price variance, labor efficiency, and absorption costing variance calculations for performance analysis.

5. Capital structure adjustments through debenture issuance, rights issues, and their impact on financial gearing and reserves.

6. Flexible budgeting and its application in variance analysis for production budgets and sales forecasting under changing conditions.