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CIMA Exam CIMAPRA19-F02-1 Topic 3 Question 104 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam
Question #: 104
Topic #: 3
[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 Yuriko at Dec 07, 2024, 02:32 AM

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Fairy
2 months ago
Haha, good one Carmen! But seriously, this question is no joke. Gotta make sure we get the right answers if we want to pass this exam.
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Thea
2 months ago
D) Provide only summarised information
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Dylan
2 months ago
C) Limited information to identify trends over time
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Nida
2 months ago
A) Only provides historic data
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Carmen
2 months ago
Ha! At least the statements don't come with built-in dad jokes. That would really complicate things, wouldn't it?
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Paz
1 months ago
E) Contains complicated information that needs to be summarised
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Carissa
1 months ago
C) Limited information to identify trends over time
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Valentin
2 months ago
A) Only provides historic data
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Jesus
3 months ago
I think E is also a valid option. Those financial statements can get pretty complicated, and it takes a lot of work to summarize them properly.
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Rosendo
2 months ago
E) Contains complicated information that needs to be summarised
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Myra
2 months ago
C) Limited information to identify trends over time
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Vincenza
2 months ago
A) Only provides historic data
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Hillary
3 months ago
I agree with Karol. The financial statements are great for getting an overview, but they lack the detailed information needed for in-depth analysis.
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Sabra
2 months ago
D) Provide only summarised information
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Chandra
2 months ago
C) Limited information to identify trends over time
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Kirby
2 months ago
A) Only provides historic data
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Karol
3 months ago
A, C, and D seem like the right answers. Financial statements only give us a snapshot in time and don't show how things have changed over time.
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Huey
2 months ago
D) Provide only summarised information
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Tayna
3 months ago
C) Limited information to identify trends over time
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Paris
3 months ago
A) Only provides historic data
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Hermila
3 months ago
I think D is also a limitation because financial statements only provide summarised information, which may not give a complete picture.
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Irma
4 months ago
I agree with Santos. Financial statement figures can be useful, but they do have their limitations.
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Santos
4 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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