Which of the following parties are interested in financial statement analysis?

i) Owners
ii) Labour union
iii) Lenders
iv) Investors

Choose the correct answer from the options given below.

(i), (ii), (iii) & (iv)

The correct answer is option 4- (i), (ii), (iii) & (iv).

Financial analysis is the process of identifying the financial strengths and weaknesses of the firm by properly establishing relationships between the various items of the balance sheet and the statement of profit and loss. Financial analysis can be undertaken by the management of the firm, or by parties outside the firm, viz., owners, trade creditors, lenders, investors, labour unions, analysts and others. The nature of analysis will differ depending on the purpose of the analyst. A technique frequently used by an analyst need not necessarily serve the purpose of other analysts because of the difference in the interests of the analysts.