Accounting 9706/42 Oct Nov 2014 | Cambridge AS Level Past Papers With Mark Scheme

1. Preparation of income statements, statement of changes in equity, and adjustments for rights issues, dividends, and general reserves.
2. Impairment loss calculation for plant and equipment following IAS 36, and its impact on financial statements.
3. Investment appraisal techniques, including breakeven analysis, net present value (NPV), and sensitivity analysis for cost and selling price.
4. Budgeted cash flow and income statement preparation, incorporating credit sales, discounts, loans, and asset disposal.
5. Analysis of differences between cash flow and profit, highlighting the role of non-cash items and timing differences.
6. Dividend cover calculations for interim and final dividends in relation to annual profits.