In addition to the measurement accounting principles that guide the values placed on the shareholder’s equity in a Balance Sheet, there are accounting principles specifying the informative disclosures that are necessary because, without the information... 

Is it possible to outsource the accounting function? The answer is “YES”. The accounting function could be outsourced, though this is usually limited to only a few tasks within the function. A Financial executive would start thinking of outsourcing... 

The main objective of adjustments on financial statements is to determine the true earning power of the entity in the past. Doing this requires elimination of all nonrecurring items and those that have no permanent influence on the future earning power....