Which of the following is not a major challenge facing the accounting profession?
A) Nonfinancial measurements.
B) Timeliness.
C) Accounting for hard assets.
D) Forward-looking information.

Question

Quizplus · Accepted Answer

Accounting for hard assets is not a major challenge facing the accounting profession, as it is a fundamental part of traditional accounting practices. The other options, nonfinancial measurements, timeliness, and forward-looking information, all represent areas where the accounting profession is being challenged to adapt to changing business needs and technological advancements.

Which of the Following Is Not a Major Challenge Facing