Accounting 9706/32 March 2019 | Cambridge AS Level Past Papers With Mark Scheme

1. Income and expenditure account vs. receipts and payments account: Focus on accruals and adjustments, not just cash transactions.
2. Working capital cycle and liquidity analysis: Calculation of inventory, receivables, payables turnover, and their impact on liquidity and net working assets to revenue ratio.
3. Investment decision advice: Comparison of gearing, earnings per share, dividend cover, and dividend per share for F Limited vs. C Limited, assessing regular income potential for investors.
4. Consignment accounting: Preparation of consignment account, Maureen account, calculation of profit per container, and differences between consignment and joint venture operations.
5. Non-current assets and equity changes: Preparation of non-current assets schedule, statement of changes in equity, and rationale for including or excluding certain financial items in a statement of cash flows.
6. Absorption costing vs. activity-based costing (ABC): Cost per unit calculation, identification of cost drivers, advantages and disadvantages of ABC, and differences in selling price determination between absorption costing and ABC.