Accounting 9706/11 May June 2012 | Cambridge AS Level Past Papers With Mark Scheme

1. Revaluation of non-current assets such as buildings, adhering to prudence by providing for anticipated losses.

2. Adjusting financial statements for inventory errors to reflect true gross profit.

3. Prime cost calculation in manufacturing, including raw materials, wages, and factory-specific expenses.

4. Financial ratios for assessing liquidity, profitability, and working capital management, such as return on capital employed and inventory turnover.

5. Application of marginal and absorption costing methods for pricing decisions and production analysis.

6. Break-even and contribution margin analysis in determining production levels to achieve target profits.