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  • Slajd: 1
  • The limitaion of accounting
  • Slajd: 2
  • Today's homework for everyone is to find limitation of accounting
  • sir, can we have a discussion about this tomorrow?
  • okay, class then we will discuss limitaton tomorrow so be prepared
  • Thank u sir
  • Slajd: 3
  • oh! i total forget that sir today gave us the homework.I should i start searching about it
  • where should i find ans about it ,should i google it or ank mummy for answer.i think i should ask mom for it
  • Slajd: 4
  • Okay, well how is school?
  • It's alright. I just have a discussion tomorrow on the limitation of accounting
  • Well the topic of limitationt accounting is not a hard topic this consist only 4-5 points
  • What do you mean!is this realy a easy topic?
  • yes, don't worry. The accounting is a systematic process which can have both pros and cons
  • Slajd: 5
  • hello
  • So,first is accounting is not fully exact few places estmates are placed like for ex- ascertaining profit or loss. second is unrealistic information estimation of useful life of an asset make the information unrealistic
  • Slajd: 6
  • Third is accounting ignore the qualitative elements- accounting only record monetary matters only and so it ignore qualty or skills, fourth is accounting may leads to window dressing means manuplation of accounts in a manner that vital facts are concealed
  • That's it?!
  • Yup! That's it! That's the limitation of accounting !
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