Identifying such adjustments entails a comprehensive review of business activities or initiatives whose impact on economic value may not be proportionately or directionally reflected EP. Once these activities are identified, the working group would review alternative treatments for each issue raised that might minimize or eliminate that disconnect.

Once we have completed this analytically-intensive phase of identifying potential adjustments to Baseline EP, we can then move onto the judgment-intensive process of selecting the specific adjustments that would result in our customized EP.