CIMA Exam CIMAPRA19-F02-1 Topic 2 Question 106 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam

Question #: 106
Topic #: 2

[All CIMAPRA19-F02-1 Questions]

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

AOnly provides historic data

BOnly provides financial information

CLimited information to identify trends over time

DProvide only summarised information

EContains complicated information that needs to be summarised

FOnly provides forecast data

Show Suggested Answer

Suggested Answer: A, B, C, D

by Latricia at Jan 22, 2025, 03:37 AM

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Floyd

2 days ago

Haha, F is a good one. I wish financial statements could give us forecast data, but that's not really their purpose.

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Haydee

4 days ago

I think D is also a limitation, as financial statements are summarised

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25 days ago

A, C, and D seem like the obvious ones to me. Financial statements only give you historical data and summarized info, not much insight into trends over time.

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Graciela

7 days ago

D) Provide only summarised information

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Anissa

9 days ago

A, C, and D are correct. Financial statements only provide historic data, limited information to identify trends over time, and summarised information.

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Graciela

12 days ago

C) Limited information to identify trends over time

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Graciela

14 days ago

A) Only provides historic data

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