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CIMA Exam CIMAPRA19-F02-1 Topic 1 Question 89 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam
Question #: 89
Topic #: 1
[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 Eura at May 31, 2024, 01:36 PM

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Blair
6 months ago
This question is a piece of cake! A, C, and D are the correct answers. Though I have to say, option F made me chuckle. Who needs forecast data when we have the past to haunt us?
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Francine
5 months ago
Haha, yeah, who needs forecast data when we have the past to haunt us!
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Jovita
5 months ago
I agree, A, C, and D are definitely limitations of financial statement figures for ratio analysis.
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Lauran
6 months ago
Hmm, I'm not sure about option B. Financial statements do provide financial information, which is the core of ratio analysis. But the other options seem spot on.
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Yolando
5 months ago
D) Provide only summarised information
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Corrina
5 months ago
C) Limited information to identify trends over time
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Queenie
6 months ago
A) Only provides historic data
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Virgie
6 months ago
I agree with Krystal. Financial statements only give historical data and summarized information, making it hard to identify trends.
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Delbert
6 months ago
I agree with Belen, but I would also add option E. The complicated information in financial statements needs to be summarized, which can limit the level of detail.
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Krystal
6 months ago
I think A, C, D, and E are limitations.
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Belen
6 months ago
Options A, C, and D seem to be the most relevant limitations. Financial statements only provide historical data, limited information to identify trends, and summarized information.
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Diego
5 months ago
Yes, they also have limited information to identify trends over time.
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Diego
5 months ago
I agree, financial statements only provide historic data and summarized information.
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Rhea
6 months ago
Yes, they also have limited information to identify trends over time.
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Taryn
6 months ago
That's true, financial statements only provide summarised information.
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Rhea
6 months ago
I agree, financial statements only provide historic data and summarized information.
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Taryn
6 months ago
Yes, they also have limited information to identify trends over time.
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Taryn
6 months ago
I agree, financial statements only provide historic data.
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