Analysis and communication of accounting information — AS & A Level Accounting (9706) questions by topic
Trade receivables turnover, the working capital cycle, and building up share capital, share premium and retained earnings from a source extract define this A Level Accounting page's 5 questions, drawn from 2023 and 2024 papers and worth between 15 and 30 marks. Calculate and explain dominate, with state, assess and discuss asking you to interpret a ratio once it is found.
Because ratio and statement-of-profit-or-loss workings must be shown, submit full workings for instant marking so an incorrect derivation of a cost figure is caught rather than quietly repeated through a later ratio.
What examiners look for
- A recurring criticism is candidates giving a formula when the question explicitly stated none was required.
- Examiners repeatedly note lost marks from an incorrectly calculated inventory turnover and from answers not rounded to the one decimal place asked for.
- The most common errors were incorrect derivation of the cost of machinery and incorrect treatment of a revaluation.
- Strong answers, according to the reports, calculated the working capital cycle very well, with trade receivables and trade payables turnover correct in nearly all cases.
- Reports praise candidates who identified that the ratio would become lower and gave a valid explanation, and who offered appropriate justification alongside their advice.
October–November 2024, Paper 22
Prepare the statement of profit or loss for the year ended 30 June 2024. Use the space provided on page 4 to show your workings.
Answer this question and get it marked →Calculate the trade receivables turnover (days) for the year ended 31 August 2024 showing the formula used.
Answer this question and get it marked →October–November 2024, Paper 32
Read Source C in the insert. Calculate for X plc the required year-end balances and the required ratios to two decimal places for each year, 2022 and 2023: ordinary share capital…
Answer this question and get it marked →October–November 2023, Paper 33
Complete the following table by calculating the required values for each category of property, plant and equipment at 30 June 2022. Use the space provided to show your workings.…
Answer this question and get it marked →Explain what is measured by the working capital cycle. The formula is not required.
Answer this question and get it marked →