1. Business Transactions & Financial Effects | Profit Measurement and Capital Adjustments – Understanding business profit, capital contributions, and their impact on financial statements.

2. Ledger Entries & Error Correction | Cash Book, Journals, and Trial Balance Errors – Recording transactions, identifying error types, and correcting suspense accounts.

3. Depreciation & Asset Valuation | Straight-Line vs. Reducing Balance Methods – Calculating depreciation, impact on profit, and selecting the appropriate method for various assets.

4. Manufacturing & Trading Accounts | Costing, Prime Costs, and Inventory Turnover – Preparing manufacturing accounts, calculating prime costs, and evaluating business efficiency ratios.

5. Financial Statement Interpretation & Accounting Principles | Profit Margins, Liabilities, and Comparability – Analyzing financial ratios, understanding realisation principles, and ensuring consistency in financial reporting.