Accounting 9706/41 Oct Nov 2015 | Cambridge AS Level Past Papers With Mark Scheme

1. Preparation of financial statements in compliance with International Accounting Standards, incorporating adjustments for damaged inventory, accruals, and depreciation allocations.

2. Reconciliation and revaluation of partnership capital accounts post-merger, including goodwill valuation and net current asset adjustments.

3. Standard costing variances analysis, calculating sales, material, and labor variances, along with overheads and profit reconciliation.

4. Business valuation techniques based on goodwill multiples and partnership profit-sharing adjustments.

5. Impact of debenture and dividend transactions on financial position, including accrued expenses and proposed dividends.

6. Analysis of labor variances, identifying factors affecting efficiency and rate differences, with implications for production and cost control.