ABSTRACT
This study examined financial statement: A tool for evaluating performance of organization and investment decision using Union Bank of Nigeria Plc as the case study. This study was to evaluate the importance of financial statement for investment decision. To accomplish the research objectives, the study adopted the descriptive and explanatory survey method while Taro Yamani (1973) formular was used to determine the sample size of (28) twenty-eight respondents. The researcher made use of descriptive statistics in analyzing the data collection. Based on the results of this research work, it was discovered that liquidity profitability, solvency and assets are tools for evaluating performance through financial statements in Union Bank. It was also discovered that there are five financial statements according to International Financial Reporting Standard and finally it was discovered that financial statements helps: to encourage investors to invest in Union Bank, it also helps in determination of company’s liquidity, it represents business and economic growth and finally list in details the tangible and intangible assets of Union Bank. This study shows that investors and performance evaluation analysts relied on financial statement in their decisions and appraisal. Based on the findings, the study recommends that there should be a quality published financial statement in order to encourage to investors in their firms. And finally, potential shareholders should make proper investigation about the financial state of bank of their interest before making investment decision.
TABLE OF CONTENTS
Title Page
Certification
Dedication
Acknowledgments
Abstract
List of Tables
Table of Contents
CHAPTER ONE
- Introduction
- Background of the study
- Statement of the problems
- Objective of the study
- Research questions
- Significant of the study
- Scope/limitations of the study
- Organization of the study
- Definition of Terms
CHAPTER TWO
2.0 Review of related literature
2.1 Concept of financial statement
2.2 Components of financial statement
2.3 Effect of IFRS on financial statement
2.4 Benefits of IFRS and GAAP
2.5 Importance of financial statements
2.6 Investment and decision making
2.7 Compliance to accounting standards
2.8 Empirical review
End note.
CHAPTER THREE
- Research methodology
- Introduction
3.1.1 Restatement of research questions
- Design of the study
- Area of the study
- Population of the study
- Sample size and sampling technique
- Method of data collection
- Data analysis technique
CHAPTER FOUR
- Data presentation, analysis and interpretation
4.1 Introduction
4.2 Data presentation, analysis and interpretation
CHAPTER FIVE
- Findings, conclusion and recommendations
- Introduction
- Summary of findings
- Conclusion
- Recommendations
References
Appendix
CHAPTER ONE
- Introduction
1.1 Background of the study
The accounting profession has received a global recognition and attention because of the role it plays in the world’s economy. The financial report given about any unit economy is base on accounting producers and practices. Both the fiscal and monetary policies of all nations are interpreted, implemented and reported upon through generally accepted accounting principles, procedures and practices. A global recognition of accounting practices connotes a general acceptance.
With effect from April 1, 2001, the International Accounting Standards were replaced with International Financial Reporting Standards. This is a reminder to name change in 1973 from Generally Accepted Accounting Principles (GAAP) to IAS’s which became IFRS in 2001. The name changed however, in the bane will be expected in future.