The current accounting system for Moss Company does not include an estimate of the cost of losing access to markets with environmental-related product restrictions. This scenario is an example of which type of EMA implementation challenge?

Question

Quizplus · Accepted Answer

The challenge described is related to the historical orientation of accounting, which typically focuses on past transactions and does not account for future costs or risks, such as losing market access due to environmental restrictions.

The Current Accounting System for Moss Company Does Not Include