Accounting 9706/42 May June 2011 | Cambridge AS Level Past Papers With Mark Scheme

1. Preparation of cash flow statements based on changes in equity, debentures, and tangible non-current assets, including depreciation and disposal adjustments for Whane plc.

2. Comparison of rights and bonus issues, focusing on share capital changes and reserves used for funding bonus issues.

3. Corrected income and expenditure account for not-for-profit organizations, incorporating accruals, prepayments, and depreciation adjustments.

4. Production cost analysis for processes, including normal loss valuation, work-in-progress calculation, and overhead allocation in Atwood Ltd.

5. Financial differences between not-for-profit organizations and public limited companies, highlighting accrual-based adjustments and reporting requirements.

6. Budgeted versus actual production cost variances, addressing unit-based cost allocations and the impact of under/over absorption.