The article discusses how financial analysis helps businesses plan for the future by examining their financial information. It looks at different types of financial analysis, who uses it, and the information found in financial statements. The article focuses on international standards used in the European Union and aims to inform researchers outside the EU. Financial analysis is not just about looking at current numbers; it also reflects past decisions and can help predict future financial health. In a constantly changing business environment, financial analysis is crucial for planning and managing finances effectively. By conducting financial analysis, businesses gain valuable insights that can benefit them in various ways.