The article analyses the reason resulted in contradiction between relativity and dependability on the basis of historical cost price, puts forward the dependability (based on historical cost) is not true dependability, further analyses the dependability on present cost and concludes that, on the basis of present cost, it is not contradictory between them.

From several aspects,this paper analyzes the limitations of the financial report,and points out that the financial report should add the off-sheet forward looking information and use the current cost measurement for meeting the needs better of the information users.