Accounting 9706/33 Oct Nov 2020 | Cambridge AS Level Past Papers With Mark Scheme

1. Correction of financial statements, including inventory valuation and cost of sales calculation.
2. Reconciliation of receipts and payments account with income and expenditure account, addressing differences such as depreciation and accruals.
3. Analysis of goodwill valuation and profit on realization during partnership conversions to limited companies.
4. Preparation of non-current asset schedules and analysis of revaluation impacts under IAS 16.
5. Selling price determination using activity-based costing for standard and deluxe product versions.
6. Evaluation of standard costing systems with budgeted and flexed income statements, addressing sales promotions and their variances.