Every business, large, medium or small, needs financing to carry out its operations and achieve its objectives. In fact, finance is so indispensable today that it is rightly said to be the lifeblood of a business. Without adequate funding, no business can achieve its goals. Therefore the study of financial performance is so significant and is the process of measuring the results of a company's operations in monetary terms. It is used to measure the overall financial health of companies over a given period of time. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay Financial performance analysis focuses on financial statements, as they are a disclosure of the financial performance of a business entity. A financial statement is an organized collection of data according to a logical and consistent accounting procedure. Its purpose is to convey an understanding of some financial aspects of a business venture. It can show the position of assets and liabilities at one point in time as in the case of the balance sheet or it can reveal a series of assets over a given period of time, as in the case of an income statement. Cochin International Airport Limited is a new venture in the history of civil aviation in India, where the Government of Kerala, NRIs, travellers, financial institutions, airport service providers and others have come together in the shareholding structure. This is a state government sponsored project with public participation mainly from Non-Resident Indians (NRIs) of Kerala from across the world. Over 12,000 shareholders from 30 countries have invested in the project with the hope of reducing travel costs and times as well as inconveniences. It is run by government representatives, NRIs and representatives of financial institutions. Ground handling at the airport is provided by Air India. This is the first international airport as a public-private partnership model in India. Financial analysis provides information on how the company has performed in the past and what its current financial position is. It is done by establishing the relationship between different elements in the statements. The first task of financial analysis is to select the information relevant to the decision under consideration from the total information contained in the financial statement. The second step of financial analysis is to organize information to highlight significant relationships. And the final step is interpretation and conclusion. In short, financial analysis is the process of selecting, reporting and evaluating. And the ultimate goal of financial statement analysis is to gain better insights into financial strength and weakness. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay The purpose of the analysis is to diagnose the information contained in the financial statements in order to judge the profitability and financial strength of the business. A financial analyst analyzes the financial statements with various analytical tools before commenting on the financial health and weakness of a business. Balance sheet analysis is an attempt to determine the importance and meaning of balance sheet data so that predictions can be made about future earnings, interest paying ability, maturities and profitability of a sound dividend policy. Cash flow statement analysis and interpretation are essential to uncover the mystery behind the cash flow statement numbers. Works Cited Anthony, R.N., & Govindarajan, V. (2007). Management control systems. New:.