Question: 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) Persons are not always remained focused on the reporting of financial statements due work-load and time constraints
b) Reporting elements may vary from period to period.
c) Current principles of reporting and current buying prices; Inflation effect; Discounting factors etc.