Constructing Financial Statements

Calculate depreciation using straight-line and reducing balance methods.

Account for accruals and prepayments in financial statements.

Account for provisions and bad debts in financial statements.

Account for inventory using FIFO and weighted average cost methods.

Prepare a statement of profit or loss from an adjusted trial balance.

Prepare a statement of changes in equity.

Prepare a statement of financial position from an adjusted trial balance.

Prepare a statement of cash flows using the indirect method, classifying items into operating, investing, and financing activities.