The textbook clearly states that financial analysis can be undertaken by 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 differs depending on the purpose of the analyst. For instance, management uses it to measure success and evaluate performance, trade payables focus on liquidity, lenders assess long-term solvency, and investors concentrate on profitability. Therefore, the statement is false as financial analysis serves multiple users, not just creditors.