Who are the users of financial statements?

What are the objectives of financial statement analysis? OR,

Why is financial statement analysis important?

Financial statement is the art and science of detailed examination of different items. In the financial statements mainly balance sheet and income statements. The main objectives of financial statement analysis are to have an in-depth understanding of the financial information presented in different financial statements for decision making.

What are the two objectives of Selection? State the reasons behind conflict in them.

Two objectives of selection

As selection of proper candidates for any organization is very much important for the organization’s success, therefore every selection program should have its objectives. Actually the selection programs should have two objectives. The objectives are as follows –