Doubt about the combat system

[Ker0k]

As far as I know, when you want to hurt someone in this game, it works like this:

1. To hit: Accuracy roll vs Evasion/Physical Resistance/Magic Resistance/Mental Resistance
2. Damage reduction #1: Penetration (Armor pen, Spell pen, Temptation) vs Armor/Ward/Focus.
3. Damage reduction/enhancement #2: Type resistance (ex: fire resistance).
4. Damages dealt.

Am I right? Or am I confused?

Thanks