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Cambridge IGCSE Accounting

6.5Limitations of accounting statements

Limitations of accounting statements in Cambridge IGCSE Accounting: what the syllabus expects you to know, the learning objectives and how to practise.
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Learning objectives

What the syllabus expects you to be able to do.

  1. 6.5.1Explain the limitations of accounting statements: historic cost, accounting policies and non-financial factors.

Lessons

  • Limitations of accounting statements

    25 min

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Sample question

A sample question on this topic. Answer it, check it, then read the worked answer.

Limitations of accounting statements: sample question

1 mark

Which of the following is a non-financial factor that the statements do not show?

Choose one answer

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