Accounting 9706/13 May June 2020 | Cambridge AS Level Past Papers With Mark Scheme

1. Application of business entity principle in asset inclusion, depreciation calculations using straight-line method, and profit or loss on disposal of assets.
2. Determination of annual depreciation charge considering trade discounts, delivery, and installation costs.
3. Analysis of partnership changes, including goodwill adjustments and profit-sharing ratio revisions upon partner admission.
4. Budgeted cost changes, marginal and absorption costing methodologies, and FIFO inventory valuation in production scenarios.
5. Break-even sales impact due to changes in variable and fixed costs, ranking products based on contribution per unit of limiting factor, and cost-volume-profit analysis assumptions.
6. Evaluation of budgetary control systems, identifying reasons for target shortfalls, and the influence of unrealistic budgets and training needs on performance evaluation.