Transparency doesn't mean anything if you're just looking at a stream of symbols that have no standardized meaning. Companies can make anything look good through creative terminology when they aren't held to strict standards such as GAAP. Internal books kept to internal standards simply aren't helpful to people who aren't privy to the processes by which they're kept, even if you deliver the transactions at 21st-century speed through a 21st-century firehose.
The meaning of a transaction is generally understood. All I am saying is anything that would merit a journal entry gets feed through pipe instead of consolidated and reported months (or years!) later. I will do my own accounting, you can too.
