Accounting 9706/41 Oct Nov 2013 | Cambridge AS Level Past Papers With Mark Scheme

1. Preparation of budgeted financial statements, including statements of cash flows, property, plant, and equipment schedules, and statements of changes in equity, with adjustments for revaluations and impairments.

2. Partnership dissolution accounting, including realization, bank, and capital accounts, to reflect asset disposals, liability settlements, and partner distributions.

3. Variance analysis in standard costing systems, calculating variances for sales price, direct material usage and price, direct labor efficiency and rate, and total contributions.

4. Decision-making analysis for changes in raw material suppliers, evaluating cost savings against labor and material inefficiencies.

5. Explanation of budget flexing and its role in adapting standard budgets to actual levels of activity.

6. Analysis of non-current asset transactions, depreciation, and their impact on profitability and financial position, including budgetary planning for capital expenditure.