Accounting 9706/13 Oct Nov 2016 | Cambridge AS Level Past Papers With Mark Scheme

1. Identification and correction of accounting errors including trial balance discrepancies, suspense account adjustments, and control account reconciliations.
2. Calculation of financial ratios such as inventory turnover, return on capital employed, and profit margin to assess company performance.
3. Application of accounting principles like accruals, materiality, prudence, and substance over form in financial transactions.
4. Adjustments for depreciation, goodwill revaluation, and provision for doubtful debts in preparing financial statements.
5. Computation of cost accounting elements, including overhead absorption rates, variable and fixed costs, and job costing.
6. Interpretation of partnership agreements and their financial implications, including profit-sharing ratios and capital adjustments.