08165312322, 08119982823, 07015502017, 08182677240 hello@myproject.com.ng

A CRITICAL ANALYSIS OF THE USE OF FINANCIAL REPORT IN ASSESSING BANK PERFORMANCE (A CASE STUDY UNION BANK OF NIGERIA PLC)

 3,000

Sold By: myProject

Description

RESEARCH INFORMATION

[icon type=”icon-pencil”]: A CRITICAL ANALYSIS OF THE USE OF FINANCIAL REPORT IN ASSESSING BANK PERFORMANCE (A CASE STUDY UNION BANK OF NIGERIA PLC)
[icon type=”icon-book”]: Chapter 1 – 5
[icon type=”icon-book-open”]: 68 Pages
[icon type=”icon-basket”]: #3, 000
[icon type=”icon-doc-line”]: Ms Word format

This study, A CRITICAL ANALYSIS OF THE USE OF FINANCIAL REPORT IN ASSESSING BANK PERFORMANCE (A CASE STUDY UNION BANK OF NIGERIA PLC) contains concise information that will serve as a framework or guide for your project work. The project study is well-researched for academic purposes and are usually provided in complete chapters with adequate References.

Keywords: A CRITICAL ANALYSIS OF THE USE OF FINANCIAL REPORT IN ASSESSING BANK PERFORMANCE (A CASE STUDY UNION BANK OF NIGERIA PLC)


RESEARCH BODY

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.

 TABLE OF CONTENT

CHAPTER ONE INTRODUCTION

STATEMENT OF THE PROBLEM

OBJECTIVE OF THE STUDY

RESEARCH QESTIONS

RESEARCH HYPOTHESIS

SIGNIFICANCE OF THE STUDY

SCOPE AND LIMITATION OF THE STUDY

DEFINITION OF TERMS

CHAPTER TWO

REVIEW OF RELATED LITERATURE

HISTORICAL BACKGROUND OF UNION BANK OF NIGERIA PLC

THE NEED FOR FINANCIAL REPORTS

THE COMPOSITION OF THE FINANCIAL REPORTS

THE CHIAIRMANS REPORTS

THE DIRECTORS REPROT

THE AUDITORS REPORT

THE FINANCIAL STATEMENT

VARIOUS USERS OF FINANCIAL REPORTS AND THEIR INFORMATION NEEDS

SHAREHOLDERS

LONG-TERM CREDITORS

SHORT-TERM CREDITORS

TAX AUTHORITIES AND GOVERNMENT

EMPLOYEES AND TRADE UNIONS

MANAGEMENT

ANALYSIS\ADVISES

FINANCIAL REPORTING BY BANKS

THE PRUDENTIAL GUIDELINES

PERFORMANCE EVALUATION IN THE BANKING INDUSTRY

EFFICIENCY AND PROFITABILITY

POTENTIAL AND ACTUAL GROWTH

LOANS AND ADVANCES

CHAPTER THREE

RESEARCH DESIGN AND METHODOLOGY

RESEARCH DESIGN

SOURCES OF DATA

PRIMARY SOURCES

SECONDARY SOURCES

POPULATION OF THE STUDY

METHOD OF DATA PRESENTATION

METHODS OF DATA ANALYSIS

    CHAPTER FOUR

DATA PRESENTATION AND ANALYSIS DATA ANALYSIS TECHNIGUES

TEST OF HYPOTHESIS

CHAPTER FIVE

FINDINGS, RECOMMENDATIONS ANS CONCLUSIONS FINDINGS

RECOMMENDATIONS

CONCLUSION

BIBLIOGRAPHY

APPENDIX

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”

It is not an over statement when one says that the banking industry is the flume on which the national   economy rotates. This mammoth, impact upon a country economy therefore makes it a public affair is everybody in the country has a right to know what such organizations are doing, more so all information, necessary to explain the organization’s activities fully should be provided in the annual reports.

One of the most significant aspects of the information system of business enterprises in an economy is that which deals with the communicate of financial data, especially in describing business profitability and financial position. This information is important because it attempts to partial the economic resources of the enterprises and the financial results, which have been achieved by its management when those resources have been put to use. It attempts to reveal how effective management has been in resources utilization as well as the financial reward available to compensate for risk taken by various suppliers of capital.

1.2     STATEMENT OF THE PROBLEM

The genuineness or other wise of financial reports has attracted diverse opinions from different quarters, such opinions can come from the general public, tax authorities, shareholders, creditors with long or short term interest, financial analyst and potential investors.

They argue that the financial reports do not usually give an accurate data about the actionties of such business concerns, for example, the idea of stating assets at their historical cost do not favour most investors as they argue that inflation is not usually taken care of, though the real value of such assets might have been eroded.

Again since the financial reports prepared by managements, the shareholders and others argue that there would usually be some elements of bi as on the part of management in the disclosure of management’s financial ineptitude.

But in any case the management claims that some inherent problems would usually affect the accuracy of such reports. It is therefore the intention of this researcher to delve into the matter to enable him establish a relationship between financial reporting and performance evaluate in a bank.

Keywords: A CRITICAL ANALYSIS OF THE USE OF FINANCIAL REPORT IN ASSESSING BANK PERFORMANCE (A CASE STUDY UNION BANK OF NIGERIA PLC)



[divider height=”30″ style=”default” line=”default” themecolor=”1″]

[alert style=”warning”]NOTE: INSTANT DOWNLOAD SERVICE [/alert]

Have you made payment for this project? If YES, Get a Download Code by contacting our Customer Care.

For further enquiries, call our Hotlines: (+234) 0816-531-2322, 0811-998-2823

[divider height=”30″ style=”default” line=”default” themecolor=”1″]

PROJECT TOPICS AND MATERIALS | HIRE A WRITER | HOW TO PAY FOR PROJECT

Keywords: A CRITICAL ANALYSIS OF THE USE OF FINANCIAL REPORT IN ASSESSING BANK PERFORMANCE (A CASE STUDY UNION BANK OF NIGERIA PLC)