The users of financial statement are more than accountant as a professional and each user has an entended objects,some of users are supplier,gvt inspectors(tax),employees,patners,investors,banks,management etc,so a/cnt should prepare the financial statement in valid way guarding to 8 steps of prapare financial statement since the users are various more than acountant him/herself,4more reference frenk's wood financial a/c one 1st adition,