A CRITICAL ANALYSIS OF THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK NIGERIA)
ABSTRACT
The study was carried out to analyse how an organization performs making use of the financial statements with First Bank of Nigeria Plc serving as the case
study. the study disclosed that the critical appraisal of the use of financial statements in assessing the performance of an organizations or companies is
inevitable for organizational productivity
The analysis of financial statement of First bank plc disclosed that although investors and performance evaluation analysis relied on financial statement in
the decision and appraisal. The reliability of financial reports especially during inflation as in currently prevalent is not assured as a result of the historical
cost convention as a basis for asset valuation; consequently, the use of these reports now in decision-making may lead to inadequate decisions.
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A CRITICAL ANALYSIS OF THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK NIGERIA)