Cambridge · Form 6 · Upper 6 · Syllabus 9706
Accounting
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- Limited companies and published financial statements Ordinary and preference shares; issued and called-up capital; share premium; revaluation reserve; retained earnings; general reserve; bonus and rights issues; redemption of shares and debentures.
- Analysis and interpretation of financial statements Comparisons over time and with competitors; users' needs (investors, lenders, suppliers); limitations of ratio analysis; the importance of non-financial information.
- Cost and management accounting Absorption costing (overhead allocation, apportionment, reapportionment of service department costs, overhead absorption rates, under- and over-absorption); marginal costing (contribution, break-even, margin of safety, contribution to sales ratio); activity-based costing.
- Budgeting, standard costing and investment appraisal Functional budgets (sales, production, purchases, labour), cash budgets, master budgets; flexible budgets; budgetary control and behavioural aspects.