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CIMAPRA19-F02-1 Exam - Topic 4 Question 96 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam
Question #: 96
Topic #: 4
[All CIMAPRA19-F02-1 Questions]

Which of the following are limitations of financial statement figures for ratio analysis? Select the ALL that apply.

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Suggested Answer: A, B, C, D

by Shannan at Sep 10, 2024, 11:52 PM

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Titus
4 months ago
D is true too, summarised info can miss details.
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Malissa
5 months ago
Surprised that people think E is a limitation, isn't that just part of the process?
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Macy
5 months ago
B seems off, financial info is crucial for analysis.
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Glennis
5 months ago
I agree, only historic data is a big drawback!
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Beckie
5 months ago
A and C are definitely limitations.
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Lino
6 months ago
I practiced a similar question, and I recall that option D is also a limitation since financial statements summarize a lot of detailed information.
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Bobbie
6 months ago
I think option C could be relevant because if the data is only historic, it might not show trends effectively over time.
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Alona
6 months ago
I'm not entirely sure, but I feel like option B might not be a limitation since financial statements do provide some non-financial insights too.
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Portia
6 months ago
I remember we discussed how financial statements mainly reflect past performance, so I think option A is definitely a limitation.
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My
6 months ago
This is a good opportunity to showcase my understanding of ratio analysis. I'll make sure to select all the relevant limitations.
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Izetta
6 months ago
I feel confident I know the key limitations, but I'll double-check each option to be sure.
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Sean
6 months ago
Okay, let me see. I'll start by considering each option and how it relates to the limitations of financial statement figures.
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Peter
6 months ago
This question seems straightforward, I think I can handle it.
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Stephane
6 months ago
Hmm, I'm not sure about this one. I'll need to think it through carefully.
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Sharee
6 months ago
Okay, I've got this. The answer is clearly B - I need to convert the RealMedia files to WMV so they'll play in Windows Media Player.
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Alexis
2 years ago
I see your point, Paola. It's important to consider the limitations when using financial statement figures for ratio analysis.
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Ceola
2 years ago
I'm just glad I don't have to analyze these financial statements. The numbers give me a headache just looking at them!
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Gertude
2 years ago
Haha, F is a good one! Financial statements only provide forecast data, not actual data. Really helpful for ratio analysis, right?
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Paola
2 years ago
I think D is also a limitation because financial statements provide only summarised information.
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Kathrine
2 years ago
B and E are also good options. Financial statements only provide financial information and the information can be complicated, needing to be summarized.
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Kanisha
1 year ago
D) Provide only summarised information
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Hyun
2 years ago
E) Contains complicated information that needs to be summarised
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Xuan
2 years ago
C) Limited information to identify trends over time
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Tracey
2 years ago
D) Provide only summarised information
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Vallie
2 years ago
A) Only provides historic data
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Maile
2 years ago
C) Limited information to identify trends over time
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Justine
2 years ago
A) Only provides historic data
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Felicidad
2 years ago
I agree with Agustin. Financial statement figures can be limited in that way.
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Agustin
2 years ago
A and C are limitations because they only provide historic data and limited information to identify trends over time.
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Marva
2 years ago
I think the correct answers are A, C, and D. Financial statements only provide historic data, limited information to identify trends, and summarized information.
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Veronika
2 years ago
That's correct, financial statements do have limitations in terms of providing historic data, limited trend identification, and summarized information.
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Veronika
2 years ago
I agree, financial statements only provide historic data, limited information to identify trends, and summarized information.
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