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CIMA Exam CIMAPRA19-F02-1 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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Alexis
11 months 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
11 months 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
11 months 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
11 months ago
I think D is also a limitation because financial statements provide only summarised information.
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Kathrine
11 months 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
10 months ago
D) Provide only summarised information
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Hyun
10 months ago
E) Contains complicated information that needs to be summarised
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Xuan
10 months ago
C) Limited information to identify trends over time
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Tracey
10 months ago
D) Provide only summarised information
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Vallie
11 months ago
A) Only provides historic data
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Maile
11 months ago
C) Limited information to identify trends over time
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Justine
11 months ago
A) Only provides historic data
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Felicidad
11 months ago
I agree with Agustin. Financial statement figures can be limited in that way.
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Agustin
11 months 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
12 months 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
11 months 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
11 months ago
I agree, financial statements only provide historic data, limited information to identify trends, and summarized information.
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