Accounting 9706/33 May June 2019 | Cambridge AS Level Past Papers With Mark Scheme

1. Financial adjustments and revised profit calculation: Adjustments for insurance, inventory valuation, irrecoverable debts, provision for doubtful debts, and depreciation for K Limited.
2. Business merger and partnership formation: Valuation adjustments for Jenny and Thomas, capital account transfers, and partnership opening financial position.
3. Consignment accounting and profitability: Calculation of transfer values, consignment accounting for Ahmed’s business, and profitability assessment of continuing consignment with Rohan.
4. Performance analysis using financial ratios: Calculation and comparison of financial ratios for M plc and V plc, including earnings per share, price earnings ratio, and dividend cover.
5. Variance analysis and cost control: Calculation of production cost variances, including material price, usage, labour rate, and efficiency variances, and strategies for minimizing labour cost increases.
6. Investment appraisal and machine selection: Analysis of accounting rate of return, payback period, net present value, internal rate of return for Machines A and B, and recommendations for T Limited's investment decision based on financial viability and cash flow constraints.