The perspective from which a story is told can make all of the difference. The saying, "There are three sides to every story, Yours, Mine and the Truth," speaks to this. Who tells a story carries just as much importance as the story itself. Point of view shapes the way a story is told and how much detail a writer can logically relay based on their story line and characters.
"Objective Point of View With the objective point of view, the writer tells what happens without stating more than can be inferred from the story's action and dialogue. The narrator never discloses anything about what the characters think or feel, remaining a detached observer.
Third Person Point of View Here the narrator does not participate in the action of the story as one of the characters, but lets us know exactly how the characters feel. We learn about the characters through this outside voice.
First Person Point of View In the first person point of view, the narrator does participate in the action of the story. When reading stories in the first person, we need to realize that what the narrator is recounting might not be the objective truth. We should question the trustworthiness of the accounting.
Omniscient and Limited Omniscient Points of View A narrator who knows everything about all the characters is all knowing, or omniscient."
Point of view definitions from www.learner.org.