Which of the following statements is not true?
A)Managerial accounting reports often uses historical information.
B)Managerial accounting does not use estimates in preparing reports.
C)Managerial accountants use historical amounts in developing future projections.
D)Managerial accounting reports attempt to project the results of certain decisions.

Question

Quizplus · Accepted Answer

Managerial accounting often uses estimates in preparing reports, especially when projecting future financial performance. This is necessary because managers need to make decisions based on predictions and assumptions about future events and outcomes. Therefore, statement B is not true.

Which of the Following Statements Is Not True