Accounting 9706/13 Oct Nov 2019 | Cambridge AS Level Past Papers With Mark Scheme

1. Accounting concepts and asset valuation: Application of the money measurement concept, calculation of original asset costs using reducing balance depreciation, and accumulated depreciation on disposed assets.
2. Financial performance and inventory valuation: Effects of closing inventory overvaluation on profit and assets, working capital computation, and gross profit calculation from trading account elements.
3. Partnership changes and capital adjustments: Adjustments for goodwill in partnerships, impact on capital accounts, and identification of partnership appropriation account items.
4. Financial statement analysis: Calculation of return on capital employed after debenture issuance, assessment of maximum dividend per share, and factors influencing investor confidence in financial statements.
5. Costing and profitability analysis: Calculation of overhead absorption rates, under or over absorption of overheads, profit computation based on production variance, and contribution to sales ratio.
6. Budgetary control and efficiency: Importance of contribution per labor hour in constrained production, profit impact of increased sales, and advantages of budgetary control systems.