Provide a substantial response of 300 words (100 for each) for the following topic question components with NO Plagiarism, so if used, please provide references.
Topic: Explain the reasoning for the issues of Financial Reporting or Financial Statement Analysis
a) Views of Desirability of Stabilizing Income Reporting by the Design vs. GAAP
b) Procedure of measurement financial transaction and preparing reports
c) Limitation of financial information for its historical report