Accounting 9706/32 May June 2023 | Cambridge AS Level Past Papers With Mark Scheme

1. Preparation of club financial accounts, including profit or loss, income and expenditure, and accumulated fund movement.

2. Comparison of long-term loan versus personal loan options for club premises financing.

3. Explanation and application of prior period adjustments according to IAS guidelines, ensuring accuracy in financial reporting.

4. Statement of cash flows preparation in compliance with IAS 7, detailing cash movements for operational, investing, and financing activities.

5. Realisation and capital accounts for closing partnership books during acquisition, including journal entries for asset and liability transfers.

6. Feasibility analysis of setting up a new business, balancing financial and operational risks against potential market opportunities.