1. Manufacturing account correction, prime cost calculation, factory overheads adjustment, indirect wages accrual, depreciation straight line method, expense apportionment 2. Income statement trading section, cost of sales determination, inventory adjustments, gross profit calculation, revenue analysis, financial accuracy 3. Profitability ratios, gross profit percentage decrease, profit for the year percentage increase, return on capital employed growth, financial performance evaluation, business success assessment 4. Income statement preparation, consultancy services, provision for irrecoverable debts, depreciation calculation, office expenses, bank loan repayment 5. Statement of financial position, non-current assets, current assets, equity calculation, liabilities classification, financial stability 6. Prudence concept, irrecoverable debts, accruals concept, depreciation provision, accounting principles, financial reporting consistency