Refreshed and updated PowerPoint resources aimed at assisting teachers with the delivery of the CAIE (9609) A-level Business specification. These slides are designed to support the delivery of 10.1 Financial Statements. The presentation starts with an examination of the statement of profit or loss, including its component elements (Trading Account, Profit and Loss Account, Appropriation Account), ending with a look at amendments to the account and their relative impact upon a business.  It then goes on to examine the Statement of Financial Position and looks at how it is constructed including a consideration of tangible and intangible assets, liabilities and retained earnings.  It assesses the impact of amendments on the statement before looking at the relationship between the two main financial statements.  The presentation then goes on to the look at the challenges of inventory valuation and the concept of using Net Realisable Value (NRV) or historic cost.  It concludes with a detailed assessment of depreciation and its role in accounting. The slides contain the Quick Fire Five questions, numerous practice calculations throughout the presentation and also a practice essay (all with solutions).