Oct / 11

Some say, because of assumptions and estimates that go into the preparation of financial statements, the state?

                        Some say, because of assumptions and estimates that go into the preparation of financial statements, the statements are inaccurate and are, therefore, not a meaningful tool to determine the profits or losses of an entity or the financial position of an entity. 
Do you agree or disagree with this statement? 
Why or why not?
Answer