1. Accounting Principles & Financial Statements | Profit Measurement & Capital Adjustments – Understanding business profitability, asset and liability changes, and financial record accuracy. 2. Cash & Banking Transactions | Petty Cash, Bank Reconciliation & Errors – Managing petty cash imprest systems, reconciling bank statements, and identifying book-keeping errors. 3. Control Accounts & Ledger Entries | Sales, Purchases & Contra Entries – Recording ledger adjustments, identifying control account errors, and understanding the impact of contra entries. 4. Depreciation & Capital Reserves | Non-Current Assets & Adjustments – Applying depreciation, recognizing revaluation reserves, and adjusting asset values in financial statements. 5. Partnership & Limited Company Accounting | Profit Appropriation & Bonus Issues – Calculating profit distribution, understanding limited liability, and recording capital transactions. 6. Costing & Inventory Valuation | Prime Cost, Work in Progress & Mark-up Calculations – Identifying direct costs, calculating cost of sales, and analyzing inventory turnover. 7. Financial Ratios & Performance Analysis | ROCE, Trade Payables & Gross Margin – Evaluating return on capital, trade payable days, and gross profit improvements. 8. Accounting Principles & Comparability | Realization & Materiality Concepts – Applying accounting principles to ensure consistency, recognizing revenue, and evaluating financial statement comparability.