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A-LevelAccountingFinancial reporting and ethical considerations9706/12 · Oct/Nov 2011 · Q241 Mark

What is a limitation of the use of accounting information that is totally outside the entity's control?

Achanges in legal reporting requirements
Bchanges in inventory valuation method
Cchanges in total assets employed
Dchanges in working capital

✓ Correct answer

A: changes in legal reporting requirements

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About this question

Topic
Financial reporting and ethical considerations, A-Level Accounting (syllabus 9706). Multiple choice, 1 mark.
Source
A-Level Accounting, Oct/Nov 2011 Paper 1 Variant 2, question 24.

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