Accounting 9706/32 Oct Nov 2013 | Cambridge AS Level Past Papers With Mark Scheme

1. Financial adjustments and disclosures, including impairment reviews, valuation under IAS16, and accounting for contingencies.

2. Rights and bonus issues, their impacts on equity and gearing ratios, and the associated adjustments in financial statements.

3. Calculation of breakeven points and material/labor variances for cost control in production.

4. Payback period and investment appraisal techniques, emphasizing depreciation policy effects on measures like ARR and IRR.

5. Reconciliation of standard versus actual costs using variances, identifying reasons for adverse material or labor variances.

6. Use of flexed budgets to analyze operational efficiency, accommodating production level changes for accurate cost tracking.