Significant financial reporting issues facing global financial reporting and efficient capital allocation include all of the following except:
A) How to provide backward-looking information.
B) How to report nonfinancial measures such as customer satisfaction.
C) How to provide forward-looking information.
D) How to provide real-time financial statement information.

Question

Quizplus · Accepted Answer

The significant financial reporting issues primarily concern how to report nonfinancial measures, provide forward-looking information, and offer real-time financial statement information. Providing backward-looking information is a fundamental aspect of financial reporting and not considered a significant issue facing global financial reporting and efficient capital allocation.

Significant Financial Reporting Issues Facing Global Financial Reporting and Efficient