sir are we supposed to remeber the limitations of existing standard will that be examined .EG- one of the limitations of IAS -7 statement of cash flow is that the dividend paid and interest paid can be shown under operating or financing activities which reduces comparability.
DOUBT - other standards have some limitations as well do we need to remember them?
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accounting standard limitations
4y ago#1In theory - yes - the current issues chapter and the examiner articles will highlight where the principal limitations lie.
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