It develops a basic accounting structure shows how financial accounting reports are prepared and discusses inherent assumptions and limitations 122 financial accounting is concerned with objective performance measurement and stewardship which implies adequate safeguard of stockholder interests by managers. Financial accounting serves to measure corporate and managerial performance this paper presents the basic framework of financial accounting it explains how the principal accounting statements are developed and how they are interconnected. Financial accounting a user perspective sixth canadian edition maintains its unique focus on the users of accounting information while presenting accounting concepts in a traditional framework. Financial accounting a user perspective sixth canadian edition maintains its unique focus on the users of accounting information while presenting accounting concepts in a traditional framework students learn about underlying accounting concepts and accounting systems and get to apply that information from a user perspective