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

1. Identifying factors that prevent financial statements from presenting a true and fair view, such as changes in depreciation methods.
2. Calculating depreciation charges based on acquisition costs, installation expenses, and purchase dates.
3. Evaluating errors in income statement adjustments, including carriage costs and their impact on gross and net profits.
4. Determining capital costs of assets, including legal and adaptation expenses.
5. Analyzing the effects of share issuance on equity, retained earnings, and reserve accounts in financial statements.
6. Calculating overhead absorption rates, break-even sales, and profit margins using marginal costing and fixed cost data.