The Statement of Principles deals with the presentation of financial statements i.e. disclosure in primary statements and

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The Statement of Principles deals with the presentation of financial statements i.e. disclosure in primary statements and supporting notes.

Requirements

(a) Discuss the purposes and usefulness of the information on financial position and performance disclosed in published financial statements. (10 marks)

(b) Provide a brief explanation of two inherent limitations of financial statements.

(5 marks)

ICAEW, Financial Reporting, December 2001 (15 marks)

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Advanced Financial Accounting

ISBN: 9780073526744

7th Edition

Authors: Richard Baker, Valdean Lembke, Thomas King, Cynthia Jeffrey

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Question Posted: Jun 05, 2024 08:01 AM

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The Statement of Principles deals with the presentation of financial statements i.e. disclosure in primary statements and

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Advanced Financial Accounting

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