Explain the claim: Financial statement analysis is an integral part of business analysis.

Financial statement analysis is an essential component of business analysis as it provides critical information about a company's financial performance. Financial statements, which include the income statement, balance sheet, and cash flow statement, reveal a company's revenue, expenses, assets, and liabilities, among other essential financial metrics. By analyzing and interpreting these financial statements, investors, creditors, and other stakeholders can evaluate a company's financial health, identify potential risks and opportunities, and make informed decisions about investing or lending money. Therefore, financial statement analysis plays a fundamental role in determining a company's overall performance and financial viability, making it an integral part of business analysis.