Laura Bellini
Classification: Paper 3
Page count: 24
Viewed: 127
Last update: 4 months ago
Crash report
Accounting 9706/32 March 2019
1. Income and expenditure account vs. receipts and payments account: Focus on accruals and adjustments, not just cash transactions.
2. Working capital cycle and liquidity analysis: Calculation of inventory, receivables, payables turnover, and their impact on liquidity and net working assets to revenue ratio.
3. Investment decision advice: Comparison of gearing, earnings per share, dividend cover, and dividend per share for F Limited vs. C Limited, assessing regular income potential for investors.
4. Consignment accounting: Preparation of consignment account, Maureen account, calculation of profit per container, and differences between consignment and joint venture operations.
5. Non-current assets and equity changes: Preparation of non-current assets schedule, statement of changes in equity, and rationale for including or excluding certain financial items in a statement of cash flows.
6. Absorption costing vs. activity-based costing (ABC): Cost per unit calculation, identification of cost drivers, advantages and disadvantages of ABC, and differences in selling price determination between absorption costing and ABC.
2. Working capital cycle and liquidity analysis: Calculation of inventory, receivables, payables turnover, and their impact on liquidity and net working assets to revenue ratio.
3. Investment decision advice: Comparison of gearing, earnings per share, dividend cover, and dividend per share for F Limited vs. C Limited, assessing regular income potential for investors.
4. Consignment accounting: Preparation of consignment account, Maureen account, calculation of profit per container, and differences between consignment and joint venture operations.
5. Non-current assets and equity changes: Preparation of non-current assets schedule, statement of changes in equity, and rationale for including or excluding certain financial items in a statement of cash flows.
6. Absorption costing vs. activity-based costing (ABC): Cost per unit calculation, identification of cost drivers, advantages and disadvantages of ABC, and differences in selling price determination between absorption costing and ABC.