Question 15 Accounting errors include changes in estimates that occur because a company acquires more experience, or as it obtains additional information. O True O False

Question 15 Accounting errors include changes in estimates that occur because a company acquires more experience, or as it obtains additinal information. True False Question? Which of the following best characterizes the difference between a financial forecast and a financial projection? A A forecast is normally for a full year or more, and a projection presents data for less than a year: 3.A forecast attempts to provide information on what is expected to happen, whereas a projection may provide information on hypothetical assumptions. - A forecast includes data which can be verified about future expectations, while the data in a projection is not susceptible to verification. Forecasts include a complete set of financial statements, while projections include only summary financial data