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

Question

Quizplus · Accepted Answer

This statement is not true. Managerial accounting often uses estimates in order to prepare reports, particularly when forecasting future projections.

Which of the Following Statements Is Not True