Accounting 9706/31 Oct Nov 2019 | Cambridge AS Level Past Papers With Mark Scheme

1. Accumulated fund and subscription management: Calculation of accumulated fund, subscription arrears, and prepayments handling in financial statements.
2. Auditor duties and company financials: Roles of auditors, stewardship definition, debenture interest implications, bonus share issue, and tax provision adjustments.
3. Equity and liabilities analysis: Calculation of dividend cover, gearing ratio, and price earnings ratio. Impact of market value on financial performance analysis.
4. Partnership acquisition impacts: Profit/loss on business sale, capital account adjustments, statement of financial position post-acquisition, and acquisition advantages.
5. Capital investment evaluation: Accounting rate of return, net present value, internal rate of return calculations for capital investments, and machine selection criteria.
6. Variance analysis in standard costing: Material price, usage, labor rate, efficiency variances, reconciliation of standard vs actual costs, and standard cost review.