Accounting 9706/43 May June 2015 | Cambridge AS Level Past Papers With Mark Scheme

1. Preparation of financial statements including the statement of changes in equity, property, plant, and equipment note, and the statement of financial position, with adjustments for depreciation and impairment.

2. Analysis of a material error in financial statements, application of IAS 8 for error correction, and impact on previous financial year reporting.

3. Retirement adjustments in partnership, including capital account preparation, goodwill adjustments, and opening balance sheet for the new partnership.

4. Financial ratio calculations for investment decision-making, including current ratio, return on capital employed, gearing ratio, income gearing, earnings per share, price-earnings ratio, and dividend yield.

5. Process costing for manufacturing, including cost per unit calculations, accounts preparation for each process, and adjustments for higher-grade materials to evaluate cost reduction impact.

6. Work-in-progress valuation based on completion percentages for direct materials and labor, along with components to include in a detailed costing report.