Accounting 9706,12 Oct Nov 2024 | Cambridge AS - A Level Past Papers With Mark Scheme

1. Accounting Principles & Controls | Application of prudence, realisation, and going concern; use of passwords in accounting security.

2. Double Entry & Financial Statements | Recording cash discounts, capital income identification, adjusting profits for capital expenditures.

3. Depreciation & Non-Current Assets | Choosing appropriate depreciation methods, calculating depreciation and disposal profits or losses.

4. Trial Balance & Error Corrections | Identifying and correcting trial balance errors, suspense account adjustments.

5. Bank Reconciliation & Control Accounts | Adjusting cash book balances, identifying transactions in control accounts.

6. Partnerships & Limited Companies | Calculating residual profit share, share capital and premium accounting, rights and bonus issues.

7. Financial Ratios & Performance Analysis | Evaluating return on capital employed, efficiency measures, liquidity and profitability ratios.

8. Costing Methods & Budgeting | Job vs. batch costing, FIFO inventory valuation, overhead absorption rates, cost-volume-profit analysis.

9. Break-even & Contribution Analysis | Calculating contribution to sales ratio, determining break-even levels after price changes.

10. Decision Making & Profitability | Analyzing cost-volume-profit relationships, long-term vs. short-term financial decisions.