Accounting 9706/42 Oct Nov 2013 | Cambridge AS Level Past Papers With Mark Scheme

1. Conversion of partnerships into limited companies, including valuation of assets, settlement of loans, and allocation of shares and debentures.
2. Preparation of financial statements, including realization and capital accounts for partnerships and opening statements for newly formed companies.
3. Cash flow statement preparation under IAS 7, analyzing operating, investing, and financing activities, and the impact of rights issues and debenture redemption.
4. Explanation and application of impairment of non-current assets in compliance with IAS 36.
5. Marginal costing analysis for profit maximization under raw material constraints, with consideration of variable costs and selling price per unit.
6. Investment appraisal in machinery, incorporating depreciation, increased costs, and opportunity costs, and evaluation of financing options.