Accounting 9706/33 Oct Nov 2016 | Cambridge AS Level Past Papers With Mark Scheme

1. Manufacturing account and financial statement preparation: Calculation of manufacturing account, income statement preparation, and understanding transfer pricing and its application in financial records.
2. Not-for-profit organization financial management: Preparation of income and expenditure account, statement of financial position, treatment of life membership fund, and explanation of dividend non-distribution to members.
3. Audit findings and financial corrections: Purpose of stewardship, end-of-year audit adjustments for obsolete assets, inventory valuation method change, recovery of written-off debts, and implications of a qualified audit report.
4. Consignment accounting and partnership consideration: Preparation of consignment accounts, analysis of irrecoverable debt impact on profit, and evaluation of partnership formation benefits over consignment trading.
5. Investment appraisal and project evaluation: Calculation of NPV for different project options, sensitivity analysis of project costs, accounting rate of return (ARR), and discussion of valid investment appraisal methods.
6. Budgeting and financial planning: Definition of master budget, preparation of production and cash budgets, options for avoiding bank overdrafts, and analysis of loan application versus maintaining an overdraft for financial stability.