Accounting 9706/12 March 2016 | Cambridge AS Level Past Papers With Mark Scheme

1. Applying accounting concepts such as prudence in recording intangible assets like goodwill.
2. Calculating depreciation for non-current assets using straight-line and reducing balance methods.
3. Adjusting for errors in sales ledger control accounts and analyzing their impact on trial balance accuracy.
4. Preparing revised financial statements incorporating depreciation, provision adjustments, and valuation of intangible assets.
5. Calculating and analyzing gross margin, profit margin, and cost structures for comparing business efficiency.
6. Determining overhead absorption rates, semi-variable cost effects, and budgeting strategies for effective financial control.