Accounting 9706/42 May June 2015 | Cambridge AS Level Past Papers With Mark Scheme

1. Preparation of budgeted financial statements, including income statements, changes in equity, and statement of financial position.
2. Partnership accounting, covering admission of a new partner, goodwill adjustments, capital, and current account balances.
3. Net present value (NPV) and internal rate of return (IRR) calculations for investment decisions, analyzing revenue, direct and fixed costs, and discount factors.
4. Comparison of accounting rate of return (ARR) and investment appraisal for alternative projects.
5. Advantages and disadvantages of ordinary and preference shares for both the company and shareholders.
6. Depreciation adjustments in property and equipment valuation, and its effect on partnership and financial performance.