Accounting 9706/13 May June 2014 | Cambridge AS Level Past Papers With Mark Scheme

1. Depreciation and disposal adjustments, including accumulated depreciation and loss on disposal impacts.
2. Financial statement adjustments for accrued and prepaid expenses, trade receivables, and doubtful debts.
3. Valuation of inventory under sale or return agreements and application of prudence in financial reporting.
4. Partnership adjustments for goodwill and profit-sharing during partner changes.
5. Ratios like inventory turnover, non-current asset turnover, and profitability indicators for performance analysis.
6. Costing techniques including AVCO, overhead absorption rates, and marginal costing in production scenarios.
7. Budgeted and actual production analysis, including break-even sales, labor and material variances, and cash flow projections.