Accounting 9706/31 Oct Nov 2018 | Cambridge AS Level Past Papers With Mark Scheme

1. Non-profit organization financials: Income and expenditure account for a sports club, adjustments for subscriptions in arrears/advance, depreciation of gym equipment, and capitalizing donations.
2. Partnership acquisition: Calculation of total purchase consideration, cash paid to partners, and preparation of G Limited's statement of financial position post-acquisition.
3. Adjustments for non-current assets: Adjusted profit for Z Limited considering revaluation, motor vehicle disposal, and asset depreciation. Advice on revaluing only one of two land plots based on accounting standards.
4. Transition to computerized accounting: Control procedures, data security measures, benefits of computerized accounting, and preparation of a summarized income statement for H Limited.
5. Capital investment appraisal: Calculation of net cash flows, NPV, ARR, and sensitivity analysis for Marie's project, along with a recommendation based on the expected ARR and NPV.
6. Variance analysis and cost control: Calculation of material price, usage, labour rate, efficiency, fixed overhead, sales price, and volume variances for Tareq's product. Implications of a change in direct material costs, with supporting calculations.