Financial analysis techgniques and a casestudy on financial analysis

In the ever-evolving global economic system and in conditions of 21st century where technology increased its impact throughly on the production-marketing systems, the importance of financial statements are increasing acceleratedly in the context of following-up the complex structure of businesses and keeping up of them with the market that competition terms quite difficult. Especially corporate structured companies highly pay attention to accounting and finance departments, make significant investments and strive to employ experienced personnel for those departments. The issues of how and from where the required resources will be provided in the establishment and action phases of companies, and how these resources will be used effectively are the responsibility of finance department. Therefore, because of the importance of given issue, financial movements in establishment and action phases have got to recorded and followed up. Accountants and analysts create some financial tables and make various evaluations on those tables to follow up financial movements, to see action results, to inform related persons, to provide permanence and grown of the company. As a result of mentioned evaluations that called "Financial Statement Analysis", to be informed of decision making authorities and to be taken precautions against possible risks are provided, so it becomes effective as a key to hold effectively of the company in growing economic system. It is a basic rule of financial statements analysis to be done on audited financial statements. To make an effective analysis on financial statements will be possible only with the accounting records kept under the reliable data light. Unfortunately majority of small and medium-sized enterprises which are defined as SME and have got important place in our country economy haven't been catch the International Financial Reporting Standards (IFRS) yet. Although there are continuing innovation studies about this issue, integration period is moving forward very slowly, and the number of enterprises which have apparent differences between activities and accounting records can not be underestimated. Because of this reason, credibility of financial analyses carried out on unrealistic accounting records of majority of companies which operate in our country is controversial. In this thesis study, it is aimed to be understood the importance of financial analysis by emphasizing scientific methods of financial analysis concept, providing to examine these methods on financial statements of a company whose financial data published to the public and considered to be reliable in the accounting context.