Accounting 9706/33 Oct Nov 2019 | Cambridge AS Level Past Papers With Mark Scheme

1. Manufacturing account preparation: Analysis of factory equipment, office equipment, raw materials, and production labor costs, with adjustments for factory overheads like rent and supervisory salaries.
2. Joint venture financial management: Joint venture account formulation, profit-sharing dynamics, evaluation of rent impact, bulk purchase discounts, and gross margin improvement strategies.
3. Business acquisition financials: Calculation of gearing ratio, return on capital employed (ROCE), acquisition journal entries, and implications of equity versus liability financing in a business acquisition context.
4. Stewardship and audit necessity: Evaluation of financial transparency through stewardship, audit importance for verifying revenue accuracy, inventory valuation adjustments, and financial statement integrity.
5. Standard costing and variances: Calculation of material price, usage, labor rate, and efficiency variances, and their impact on overall fixed overhead volume variances, along with recommendations for or against the continued use of standard costing systems.
6. Investment appraisal techniques: Comparative analysis of accounting rate of return (ARR), net present value (NPV), and payback period for evaluating capital investments in machinery, with consideration of cost of capital and future revenue projections.