accountancy
Storyboard Text
- Slide: 1
- The limitaion of accounting
- Slide: 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
- Slide: 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
- Slide: 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
- Slide: 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
- Slide: 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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