Accounting 9706/31 Oct Nov 2011 | Cambridge AS Level Past Papers With Mark Scheme

1. Cash flow analysis, including financing and investing activities, with a focus on changes in share capital and net asset valuation.

2. Impact of bonus and rights issues on share capital and retained earnings, incorporating loan stock conversion into equity.

3. Adjustments for depreciation, revaluations, and impairment losses in financial reporting, including goodwill capitalization and asset valuation.

4. Cost variance analysis: direct material price and usage, labor rate and efficiency, and overhead recovery variances.

5. Budgeting techniques for production and sales, including zero-based, flexible, and master budgets for effective resource allocation.

6. Investment appraisal and project ranking using net present value and accounting rate of return under capital rationing constraints.