Accounting 9706/31 May June 2023 | Cambridge AS Level Past Papers With Mark Scheme

1. Calculation of partnership profits and capital accounts, including closing entries and distributions.

2. Financial performance evaluation using ratio analysis: working capital cycle, gearing ratio, and retained earnings calculations.

3. Preparation of manufacturing accounts and profit or loss statements, incorporating unrealized profit provisions and cost allocations.

4. Analysis of working capital cycle differences against competitors, assessing implications on liquidity and operational efficiency.

5. Importance of a true and fair view opinion in audited financial statements for stakeholder confidence and regulatory compliance.

6. Strategic recommendations on business expansion, factoring in financial outcomes and profitability concerns of acquisitions.