9(a) Q. What do you mean by Financial Statement Analysis?

Do
you think that financial statement analysis is an integral part of
business analysis? AFS Nov-2016

Answer:
Financial statement analysis:
The financial statements of a company are one of the richest
sources of information about a company. Financial statement
analysis is a collection of analytical processes that are an
important part of overall business analysis. These processes are
applied to the financial statement information to produce useful
information for decision making. The objective of financial
statement analysis is to use the information provided in the
statements to produce quantified information to support the
ultimate equity, credit, or other decision of interest to the analyst.

2nd part answer:

Business analysis is the evaluation of a companys prospects and
risks for business decisions. Financial statements are the most
comprehensive source of information about a company. As a
result, financial statement analysis is an integral part of business
analysis.
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