Accounting 9706/32 Oct Nov 2018 | Cambridge AS Level Past Papers With Mark Scheme

1. Manufacturing cost recording benefits: Improved cost control, accurate profit measurement, and detailed cost analysis.
2. Financial performance analysis: Preparation of trading account, summarised manufacturing account, profit calculation, and impact of machinery replacement on cost savings.
3. Trade receivables management: Percentage change in trade receivables, collection period calculation, and evaluation of credit control procedures.
4. Joint venture accounting: Ledger accounts for joint venture activities, profit share calculation for different partners, and decision-making based on partnership profitability.
5. Equity and reserves analysis: Statement of changes in equity preparation, calculation of financial ratios, and performance analysis against industry averages.
6. Pricing strategy and budgeting: Selling price calculation using different overhead apportionment methods, evaluation of costing strategies, cash budget preparation, and comparison of NPV and payback methods for investment appraisal.