Financial Statements

Financial statements are based on historical cost and do not reflect current market values.
They do not disclose qualitative aspects such as efficiency of management and employee morale.

Analysis of financial statements is useful for investors, government and employees for taking economic decisions. An Ambassador of India has no financial interest in a company, therefore such analysis is not significant for them.

Financial statement analysis is useful for investors, government and employees for decision-making. An Ambassador of India has no direct interest in the financial affairs of a company, hence it is not significant for them.