What are the necessary changes required in financial statements of accounts from the traditional methods of accounting?

We want to ensure the quality and integrity of financial information. _There are arguments for and against a charge to income for stock option compensation and, alternative, disclosure of option compensation. _I think that traditional accounting is not needed. _As a company moves to lean thinking, many of the fundamentals of its management system change and traditional accounting, control,and measurement methods become un suitable. Concerning to retrospective changes in accounting policies:adjust the opening balance of each effected component and any other relevant comparative amounts as if the new accounting policy had always been applied.