Accounting 9706 – QualifiedQuest

If you’re preparing for the AS & A Level Accounting (9706) exam, you’re in the right place. These notes will equip you with the skills needed for higher education and careers in finance, business, and beyond.

Whether you’re studying the accounting A-level syllabus or focusing on specific topics like cost behavior or financial statements, this guide will help you in the course and help in your exams.

Section 1: Financial Accounting
Chapter 1.1: Bad and Doubtful Debts
Chapter 1.2: Accounting for Non-Current Assets
Chapter 1.3: Bank Reconciliation Statements
Chapter 1.4: Accounting Concepts
Chapter 1.5: Capital and Revenue
Chapter 1.6: Suspense Account
Chapter 1.7: Control Accounts
Chapter 1.8: Financial Statements of Sole Traders
Chapter 1.9: Accounts from Incomplete Records
Chapter 1.10: Financial Statements of Partnership
Chapter 1.11: Partnership Changes
Chapter 1.12: Ratio Analysis
Section 2: Cost Accounting
Chapter 2.1: Inventory Valuation
Chapter 2.2: Labour Costing
Chapter 2.3: Absorption Costing
Chapter 2.4: Marginal and Absorption Costing
Chapter 2.5: Cost Concepts and Classifications
Chapter 2.6: Break-Even & Profit Volume Analysis
Chapter 2.7: Marginal Costing Decision
Chapter 2.8: Accounting for limiting Factor
Chapter 2.9: Business Planning
Section 3: Common Topics
Chapter 3.1: Partnership Dissolution
Chapter 3.2: Financial Statements of Companies
Chapter 3.3: Issues of Shares & Debentures
Chapter 3.4: Statements of Cash Flows
Chapter 3.5: Business Financing
Section 4: Financial Accounting
Chapter 4.1: Accounts of Non Profit Organizations
Chapter 4.2: International Accounting Standards
Chapter 4.3: Auditing
Chapter 4.4: Ratio Analysis – Supplements
Chapter 4.5: Purchase of Business
Chapter 4.6: Accounting for Joint Ventures
Chapter 4.7: Consignment
Chapter 4.8: Computerized Accounting
Chapter 4.9: Manufacturing Accounts
Section 5: Cost Accounting
Chapter 5.1: Activity Based Costing
Chapter 5.2 Budgeting
Chapter 5.3: Standard Costing
Chapter 5.4: Capital Investment Appraisal

9706 Syllabus Overview

A Level Accounting syllabus provided a clear and structured approach to understanding financial statements and cost management.

Financial Accounting

AS Level: Business entities, accounting systems, non-current assets, reconciliation, financial statements, and analysis.
A Level: Additional topics include regulatory considerations, business mergers, computerized accounting, and advanced financial statement analysis.

Cost & Management Accounting

AS Level: Costs, cost behavior, and traditional costing methods.
A Level: Activity-based costing, standard costing, budgeting, and investment appraisal.

For official details, visit Cambridge International Examinations.

Exam Structure

Paper 1: Multiple Choice (1 hour, 30 marks, covers sections 1 & 2). Externally assessed (28% AS Level, 14% A Level).
Paper 2: Fundamentals of Accounting (1 hour 45 minutes, 90 marks, structured questions from sections 1 & 2). Externally assessed (72% AS Level, 36% A Level).
Paper 3: Financial Accounting (1 hour 30 minutes, 75 marks, structured questions from section 3). Externally assessed (30% A Level).
Paper 4: Cost and Management Accounting (1 hour, 50 marks, structured questions from section 4). Externally assessed (20% A Level).

Tips for A Level Accounting Students

To excel in accounting at a level, it’s crucial to:

Thoroughly understand the syllabus and exam structure.
Practice regularly with past papers to familiarize yourself with question types.
Develop strong analytical and problem-solving skills.
Stay updated on current accounting standards and practices.
Practice the fundamental accounting skills, as these are the base for the advanced accounting.

Download the latest and up-to-date notes for A Level Accounting from 2017 to 2024. These notes will help you practice effectively and prepare for your exams. You can also check our collection of past papers with detailed solutions to help you track your progress and build confidence ahead of your exams.