1.无法反映非货币信息
传统会计的确认标准都是以某一主体过去的交易事项为基础，对未来发生的交易和事项不予确认。然而，随着金融创新的深化发展，像期货、期权之类的衍生金融工具“以小搏大”所蕴含的无穷机会与风险，及其以未来期间合约履行情况为立足点的特性，使传统会计束手无策。其次，随着信息化技术的飞速发展，人力资源、无形资产、数字资产、金融衍生工具等信息显得越来越重要。而在当今新时代，企业未来现金流量和市场价值的动力所在正是这些传统会计报表上不曾露面的因素。信息的竞争在某种程度上就意味着企业生死的竞争，但是由于现有会计报表主要是反映以货币计量的历史成本数据，在会计报表中绝大多数是有形资产的信息，而对大量无形资产的信息无法体现，从而大大削弱了会计信息的决策有用性。
2.无法满足信息的时效性需求
信息的最大特点就在于时效性，现行财务报告的披露无法达到会计信息质量的及时性，披露的周期、时限过长，如企业的年度财务报告要求在年度末4个月内报出，而中期财务报告要求在中期结束后两个月内报出，这样长时间后报出的信息又有多少是有用的呢，能说明企业现在的何种价值？在瞬息万变的现代社会，两个月的时间，企业的财务状况可能会发生巨大的变化。由此可见，现行的财务报告体系已跟不上现代社会的发展步伐。
3.无法满足信息使用者的不同需求
借助标准、通用的财务报告模式是企业把财务信息传递给使用者的一种有效手段，但这种通用式的报告不可避免地忽略了各种不同使用者之间信息需求上的差别和使用上的差别。随着社会经济的日益复杂，企业组织形式及其在社会和市场竞争中的地位不断发生变化，除直接投资者、债权人外，企业内外还出现了大量不同的会计信息使用者，包括政府部门、顾客、合作伙伴、社会部门等等。传统工业经济下信息使用者注重的是财务信息，而在知识经济下不仅要获取财务信息，还要获取非财务信息。信息使用者要求拓展信息披露的内容，在信息的质量上强调信息的相关性、一致性与及时性。因此，如何妥善解决这些信息使用上的差异问题，便给未来信息披露方式提出了新的挑战。
4.无法满足对前瞻性信息的需求
传统收益表是建立在传统会计收益要领和收入费用观基础之上的财务业绩报告形式，它在物价基本稳定、市场经济活动单一、外部风险低的经济环境下是适当的，它能基本准确地反映企业经营活动的收益。但是，随着经济市场化程度的提高，物价的波动已成为各国经济发展过程中无法摆脱的现象。人们逐渐认识到，以历史成本为计量模式的传统收益表缺乏相关性，特别是上个世纪80年代美国2000多家金融机构因从事金融工具交易而陷入财务困境，但其财务报告在危机之前仍显示“良好”的经营业绩。许多投资者认为，历史成本财务报告缺乏前瞻性、预测性的信息，不仅未能为金融监管部门和投资者发出预警信号，甚至还误导了投资者，使其判断失误。
5.无法满足信息的可靠性需求
现有企业会计报表的局限性还表现在会计人员对会计报表可靠性的影响，即会计人员倾向于粉饰报表。为了合理地反映收入与费用的关系，报告企业的经营管理成果，在期末，企业要根据配比原则进行大量的调整和转账处理。虽然对财务数据的处理是以发生交易事项为基础进行会计确认和计量的，但是由于这种转账和配比处理带有主观性，加上企业的会计报表对外是提供给企业的投资者和债权人使用的，因此，从企业的管理层到财会人员都希望会计报表能够反映企业良好的经营业绩，会计人员带着这种心态来编制会计报表，就使得会计报表带有粉饰的色彩。
Limitations of present financial report
1 cannot reflect the non monetary information
Traditional accounting standards are subject to a past transaction as the basis, for future transactions and events is not recognised. However, with the deepening of financial innovation development, like futures, options and derivatives "small is big" the infinite opportunities and risks, and to future contract performance based on the characteristics of the traditional accounting, be at a loss what to do. Secondly, with the rapid development of information technology, human resources, intangible assets, digital assets, financial derivatives and other information is more and more important. While in the new era, the company's future cash flow and the market value of the power which is the traditional accounting has not appeared factors. The competition of information to some extent means that enterprise life and death in the competition, but because the existing accounting statement is mainly reflected in the monetary measurement of historical cost data in the accounting statement, the vast majority of tangible assets and intangible assets of large amounts of information, the information can not be reflected, thereby greatly weakened the accounting information useful for decision-making.
2 cannot meet the timeliness of information demand
The biggest characteristic lies in the information time, the current financial report disclosure cannot reach the quality of accounting information disclosure timeliness, cycle, time is too long, such as enterprise annual financial reporting requirements at the end of the fiscal year 4 months reported, and interim financial reporting requirements in the medium within two months after the end of quote, so long time reported that the information and how much is useful, can show the company now what kind of value? In the modern society vary from minute to minute, the time of two months, the financial standing of the enterprise may change dramatically. Thus, the current financial report system already cannot keep up with the rapid development of modern society.
3 could not meet the information requirements of different users
With the help of general standard, the mode of financial report is the financial information to the user of an effective means, but this kind of universal report inevitably ignored a variety of different users information needs and use of the difference between. Along with the social economy is increasingly complex, organizational forms and in the society and the status of competition in the market constantly changing, in addition to the direct investors, creditors, both inside and outside the enterprise also appeared in a number of different accounting information users, including government departments, customers, partners, and social department. The traditional industrial economy information user focused on financial information, but in the knowledge economy not only to obtain financial information, but also obtain the non financial information. Information user demand to expand the content of the information disclosure, in the quality of information on stressed the relevance of the information, consistency and timeliness. Therefore, how to properly solve these information using the difference problem, then to the future information disclosure mode to pose new challenge.
4 can not meet the demand of prospective information
The traditional income statement is based on the traditional accounting income method and income expense view based on the financial performance report form, its price is stabilized basically, market economy activity, low risk of single external economic environment is appropriate, it can accurately reflect the business activities of the income. However, as the economy commercializes degree to rise, prices has become a national economic development process can not get rid of the phenomenon. People gradually realize that, as the historical cost measurement model of the traditional income statement for the lack of correlation, especially in the last century 80's the United States of America more than 2000 financial institutions engaged in trading of financial instruments and financial difficulties, but its financial reports before the crisis still shows the" good " management performance. Many investors thought, historical cost financial reports of a lack of prospective, predictive information, not only for the financial regulatory authorities and investors issued a warning signal, even mislead investors, the errors of judgement.
5 cannot meet the reliability of information demand
The existing enterprise accounting statements limitation is also reflected in the accounting personnel of accounting statements reliability influence, namely accounting personnel tend to whitewash statements. In order to properly /reflect the relationship of income and expenses, report business management achievements, in the end, enterprise according to the matching principle of adjustment and transfer processing. Although the financial data processing is the occurrence of transactions as the basis for the accounting confirmation and measurement, but as a result of this transfer and the ratio of treatment with subjectivity, plus enterprise accounting statements of foreign enterprises is provided to investors and creditors use, therefore, from the enterprise management to the accounting staff accounting statements to reflect the hope good corporate operating performance, accounting personnel with this mentality to the preparation of accounting statements, makes the accounting statements whitewash colour with.