Accounting 9706/32 May June 2021 | Cambridge AS Level Past Papers With Mark Scheme

1. Preparation of realization and revaluation accounts for partnership dissolution and impact on partner settlements.
2. Non-current asset turnover calculation and impact of revaluation on financial statements, including depreciation methods.
3. Activity-based costing (ABC) analysis for overhead allocation and comparison with traditional absorption costing for product pricing.
4. Trade receivables and payables budgeting, incorporating discounts, purchase timelines, and financial control measures.
5. Financial implications of adopting ABC for production decisions, including resource allocation and additional training costs.
6. Analysis of benefits and limitations of budgets for business planning, including management of receivables and payables.