Accounting 9706/31 May June 2014 | Cambridge AS Level Past Papers With Mark Scheme

1. Accounting adjustments for fixed assets, depreciation, and revaluation impacts on financial statements.
2. Provisions for unrealized profit and doubtful receivables, with adjustments in line with prudence and matching principles.
3. Financial analysis for equity changes, including rights and bonus issues, with their effect on retained earnings and share premium accounts.
4. Partnership revaluation adjustments during changes in partnership composition, including goodwill and revaluation reserves.
5. Financial ratios like dividend yield, return on capital employed, and gearing for performance and risk assessment.
6. Budgeting and variance analysis, including material and labor variances, flexed budgets, and sensitivity to sales and production changes.
7. Investment appraisal techniques like net present value (NPV), internal rate of return (IRR), and accounting rate of return (ARR) with sensitivity to cash flows.