A CRITICAL ANALYSIS OF THE USE OF FINANCIAL REPORT IN ASSESSING BANK PERFORMANCE. (A CASE STUDY UNION BANK OF NIGERIA PLC). A RESEARCH PROJECT MATERIAL ON BANKING AND FINANCE
ABSTRACT
The purpose of this study was to examine banks, on investments and performance appraisal. It was also to ascertain the problems of using financial reports to access performance of banks and finally to determine 17 there’s a relationship between financial reporting and performance evaluation of a bank.
The inductive research method was adopted and the statistical analysts, particularly the chi-square and t-distribution test were used in the analysis of the data collected from the bank.
The findings of the study were that:
1. Source financial statement contained in the financial reports influence investment remarkably in banks.
2. The annual reports do not reflect inflationary effects in the country today.
3. The financial reports were prepared adapting a general purpose nature with the assumption that different user as of the report have different information needs.
The following conclusions ere made:
Although investors and performance evaluation analyst relied on financial statement in their decisions and appraisal, the reliability of financial report especially during inflation cannot be assured owing to the historical cost convention used as a basis for asset valuation by banks. This is because; the profits of an accounting year would not usually show a true figure owing to the courage effect of inflation. Therefore, managerial decision of banks based entirely on financial reports will lend to poor and inadequate decisions.
The recommendations and suggesting made were base wholly on the out come of the study, for example, on the problem inflation, it was recommended that the bank should adopt the current cost accounting basis for its financial reporting ensure credibility and reliability of information, by the various users, given the inflationary relatives.
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF STUDY
A farmer, who plants corps, expects result, similarly to student who sits for examination expects results. The same 5 also true of an investor.
For the farmer, the result might be communicated to him in the form of a bumper harvest. It result sheet or a report card would usually sufficed for a student. However, in the of an investor, the result is communicated through the financial reports.
Financial reports are law to be prepared by every limited liability company; these limited liability companies abound in virtually all sector of the economy.
Every company shall cause accounting records to be kept. The accounting records shall be sufficient to show and explain the transactions of the company and shall be such as to disclose with reasonable accuracy, at anytime the financial position of the company.
In the banking industry, financial reports are of great interest to the general public because the banks directly or indirectly interact with people.
This public interest has caused companies (including banks) to accept social as well as economic, financial and legal responsibilities and has created a consequence, a growing need for the communication of information to account for the results which are of considerable interest a wide range of individuals and organizations.
So, it becomes very imperative for reliable information to be circulated to interested parties which can enable them to acquire an essential knowledge of the way is which companies particularly the bank are performing in relation to the public interest. This fact is further educated by the recommendation of the working party set up in Britain by the Accounting standard committee in October 1974 under the chairmanship of Derek booth man which took a study of the scope and aims of publisher financial statements.
The committee recommended that:
“The fundamental objectives of corporate report are to communicate economic measurement of the reporting entity useful to those having reasonable right to such information”
DOWNLOAD COMPLETE PROJECT MATERIAL
A CRITICAL ANALYSIS OF THE USE OF FINANCIAL REPORT IN ASSESSING BANK PERFORMANCE. (A CASE STUDY UNION BANK OF NIGERIA PLC). A RESEARCH PROJECT MATERIAL ON BANKING AND FINANCE
MarcosHar says
tadalafil pills 20mg: http://tadalafilonline20.com/ tadalafil 40 mg from india
Wesleycoums says
tadalafil 30 mg generic tadalafil
tadalafil pills 20mg
BuddySam says
cialis online pharmacy buy cialis
safe alternatives to viagra and cialis
JasonAllop says
india pharmacy mail order purchase tadalafil
JasonAllop says
prescription drugs without a doctor buying prescription drugs from canada
Randynat says
overseas pharmacies shipping to usa buy medication without an rx
Waynenem says
buy viagra online canada best over the counter viagra
viagra online usa
Jasontuppy says
where can i buy viagra over the counter viagra amazon
viagra online usa
Jasontuppy says
best over the counter viagra buy real viagra online
viagra cost per pill
Waynenem says
best over the counter viagra best place to buy viagra online
order viagra online
Jasontuppy says
viagra over the counter walmart best place to buy viagra online
online doctor prescription for viagra
Jasontuppy says
viagra discount viagra over the counter walmart
online doctor prescription for viagra
Waynenem says
over the counter viagra п»їviagra pills
viagra cost per pill
Waynenem says
viagra price where can i buy viagra over the counter
generic viagra walmart
Jasontuppy says
viagra from canada viagra discount
where to buy viagra online
Waynenem says
how much is viagra best place to buy generic viagra online
where to buy viagra online
Michaelsax says
http://zithazi.com/ – can you buy zithromax over the counter
best price for generic viagra on the internet
RicardoFaw says
zithromax over the counter canada zithromax for sale usa
ed clinics
RicardoFaw says
diflucan tablets price diflucan 150 tab
buy erection pills
Michaelsax says
http://propeciafavdr.com/ – propecia online pharmacy
online medication
Kevinjaima says
over the counter viagra https://viagrapills100.com/ viagra without a doctor prescription
RicardoFaw says
best place to buy viagra online https://viagrapills100.com/ cost of viagra
Kevinjaima says
buy real viagra online https://viagrapills100.com/ viagra cost per pill
RicardoFaw says
viagra 100mg price https://viagrapills100.com/ 100mg viagra
RicardoFaw says
viagra over the counter walmart https://viagrapills100.com/ online doctor prescription for viagra
TerrynuB says
cheap ed pills cheap ed pills
ed pills without a doctor prescription
Marvinvield says
prices of viagra at walmart home remedies for erectile dysfunction
buy ed drugs
TerrynuB says
cheap medications cheap ed pills
ed pills without a doctor prescription
Marvinvield says
order ed pills cheapest ed pills online
cheap ed pills usa
PeterGussy says
https://zithromaxst.com/# zithromax online pharmacy canada
Marvinvield says
hydroxychloroquine generic: plaquenil arthritis – plaquenil price in india
PeterGussy says
http://zithromaxst.com/# generic zithromax 500mg
PeterGussy says
https://gabapentinst.com/# neurontin 600 mg tablet
Marvinvield says
zithromax 250 price: generic zithromax – zithromax cost uk
PeterGussy says
http://prednisonest.com/# order prednisone online canada
PeterGussy says
https://prednisonest.com/# prednisone buy cheap
Marvinvield says
order prednisone with mastercard debit: cheap prednisone – prednisone without prescription
PeterGussy says
http://prednisonest.com/# buy prednisone nz
RafaelCof says
http://zithromaxproff.com/# zithromax coupon
purchase zithromax z-pak
VictorSag says
http://zithromaxproff.com/# zithromax over the counter uk
zithromax capsules
VictorSag says
http://zithromaxproff.com/# zithromax order online uk
zithromax canadian pharmacy
Frankdah says
buy vantin online: cefixime generic
minomycin tablets
Frankdah says
amoxil for sale: generic augmentin
buy ceftin online
Billywains says
order cefadroxil online: order nitrofurantoin online
chloromycetin for sale
CharlesLaurl says
meds from india: india pharmacy mail order online medications from india
Michaelcib says
prescriptions from india: reputable online pharmacies in india india pharmacy drugs
CharlesLaurl says
cheap online pharmacies from india: india pharmacy mail order trusted india online pharmacies
Michaelcib says
india pharmacy without dr prescriptions: india pharmacies online india pharmacies shipping to usa
AlfredHut says
viagra pills online: best erectile dysfunction pills review pills for erectile dysfunction
RobertArten says
cialis pills: https://edpillsonline24.com/# mail order erectile dysfunction pills
AlfredHut says
order erectile dysfunction pills online: best male erectile dysfunction pill order erectile dysfunction pills online
RobertArten says
ed pills for sale: https://edpillsonline24.com/# best erectile dysfunction pills review
DaniloRab says
free dating sites
online dating
RobertArten says
best male erectile dysfunction pill: https://edpillsonline24.com/# buy erectile dysfunction pills online
HarryVat says
how to buy viagra viagra prescription buying viagra online without prescription
MichaelRUSSY says
how much will generic viagra cost: viagra prescription viagra without a prescription
Timothytus says
personal ads free
senior women for sex
HarryVat says
viagra no prescription viagra online no prescription viagra online no prescription
MichaelRUSSY says
buy viagra: viagra prescription buy viagra without prescription
Timothytus says
free single chat
milfs dating.com
RobertoRug says
http://amoxilst.com/# amoxicillin 500mg no prescription