Accounting 9706/12 Oct Nov 2014 | Cambridge AS Level Past Papers With Mark Scheme

1. Adjustments for provision for doubtful debts, calculating income statement effects and maintaining accuracy in financial reporting.

2. Depreciation calculations for non-current assets using cost and accumulated depreciation changes, with implications for profit and asset valuation.

3. Correcting inventory errors and assessing their impact on annual profits and financial statements.

4. Interpretation of partner goodwill adjustments during changes in profit-sharing ratios, emphasizing capital and current account management.

5. Ratio analysis, including inventory turnover, net profit margin, and gross profit percentage, for evaluating operational efficiency and profitability.

6. Cost and break-even analysis, focusing on fixed and variable costs, absorption, marginal costing, and contribution ratios to guide pricing and production decisions.