The FBLA "Financial Statement Analysis" event is an individual or team objective test and presentation competition that evaluates participants' ability to analyze and interpret financial statements, including income statements, balance sheets, and cash flow statements. Competitors apply accounting principles, ratio analysis, and financial forecasting to assess a company's financial health and make informed business recommendations. The event emphasizes critical thinking, data interpretation, and financial decision-making, preparing students for careers in accounting, finance, and business management.