Accounting 9706/41 May June 2014 | Cambridge AS Level Past Papers With Mark Scheme

1. Preparation of partnership income statements, current accounts, and capital accounts to account for profit distribution, loan interest, and retirement of a partner.

2. Financial adjustments for revaluation of land, motor vehicles, and goodwill during partnership changes, ensuring proper recording of assets and liabilities.

3. Calculation and interpretation of financial metrics such as dividend yield, dividend cover, and profitability for evaluating investment options.

4. Preparation of corporate income statements, property, plant, and equipment schedules, and statements of financial position, including depreciation and revaluation adjustments.

5. Capital budgeting techniques for project evaluation, including net present value (NPV), accounting rate of return (ARR), and internal rate of return (IRR) calculations.

6. Evaluation of financing options for capital projects, considering the impact of bank loans versus issuing new ordinary shares on financial performance and ARR.