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 were 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
TITLE PAGE
APPROVAL PAGE
DEDICATION
ACKNOWLEDGEMENT
ABSTRACT
TABLE OF CONTENTS
CHAPTER ONE INTRODUCTION
STATEMENT OF THE PROBLEM
OBJECTIVE OF THE STUDY
RESEARCH QUESTIONS
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 CHAIRMAN'S REPORTS
THE DIRECTORS REPORT
THE AUDITORS REPORT
THE FINANCIAL STATEMENT
2.4 VARIOUS USERS OF FINANCIAL REPORTS AND THEIR INFORMATION NEEDS
2.4.1SHAREHOLDERS
2.4.2LONG-TERM CREDITORS
2.4.3SHORT-TERM CREDITORS
2.4.4TAX AUTHORITIES AND GOVERNMENT
2.4.5EMPLOYEES AND TRADE UNIONS
2.4.6MANAGEMENT
2.4.7ANALYSISADVISES
2.5 FINANCIAL REPORTING BY BANKS
2.5.1INTRODUCTION
2.5.2THE PRUDENTIAL GUIDELINES
2.6 PERFORMANCE EVALUATION IN THE BANKING INDUSTRY
2.6.1EFFICIENCY AND PROFITABILITY
2.6.2POTENTIAL AND ACTUAL GROWTH
2.6.3LOANS AND ADVANCES
CHAPTER THREE
RESEARCH DESIGN AND METHODOLOGY
RESEARCH DESIGN
SOURCES OF DATA
3.2.1 PRIMARY SOURCES
3.2.2 SECONDARY SOURCES
3.3 POPULATION OF THE STUDY
3.4 METHOD OF DATA PRESENTATION
3.5 METHODS OF DATA ANALYSIS
CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS
DATA ANALYSIS TECHNIQUES
TEST OF HYPOTHESIS
CHAPTER FIVE
FINDINGS, RECOMMENDATIONS ANS CONCLUSIONS FINDINGS
RECOMMENDATIONS
CONCLUSION
BIBLIOGRAPHY
APPENDIX
Disclaimer: Note this academic material is intended as a guide for your academic research work. Do not copy word for word. Note: For Computer or Programming related works, some works might not contain source codes
CITE THIS WORK
(2012, 12). A Critical Ananlisis Of The Use Of Financial Report In Assessing Bank Performance. (a Case Study Union Bank Of Nigeria Plc).. ProjectStoc.com. Retrieved 12, 2012, from https://projectstoc.com/read/491/a-critical-ananlisis-of-the-use-of-financial-report-in-assessing-bank-performance-a-case-study-union-bank-of-nigeria-plc
"A Critical Ananlisis Of The Use Of Financial Report In Assessing Bank Performance. (a Case Study Union Bank Of Nigeria Plc)." ProjectStoc.com. 12 2012. 2012. 12 2012 <https://projectstoc.com/read/491/a-critical-ananlisis-of-the-use-of-financial-report-in-assessing-bank-performance-a-case-study-union-bank-of-nigeria-plc>.
"A Critical Ananlisis Of The Use Of Financial Report In Assessing Bank Performance. (a Case Study Union Bank Of Nigeria Plc).." ProjectStoc.com. ProjectStoc.com, 12 2012. Web. 12 2012. <https://projectstoc.com/read/491/a-critical-ananlisis-of-the-use-of-financial-report-in-assessing-bank-performance-a-case-study-union-bank-of-nigeria-plc>.
"A Critical Ananlisis Of The Use Of Financial Report In Assessing Bank Performance. (a Case Study Union Bank Of Nigeria Plc).." ProjectStoc.com. 12, 2012. Accessed 12, 2012. https://projectstoc.com/read/491/a-critical-ananlisis-of-the-use-of-financial-report-in-assessing-bank-performance-a-case-study-union-bank-of-nigeria-plc.
- Related Works
- Bank Failure And Economic Development In Nigeria
- The Impact Of Management Information On Bank Lending Decision
- A Critical Analysis Of Revenue And Expenditure Of Local Government Administration In Nigeria (case Study Of Mbanabo North Local Government)
- An Evaluation Of Financial Problems And Prospects Of Privatization In The Nigeria Economy (a Case Study Of Nigeria Breweries Plc)
- Returns On Investment Of Deposit Money Banks (dmbs) In Nigeria
- Bank Participation In Industrial Development In Nigeria
- Financial Strategies For A Globalized Firm
- The Role Of Insurance Companies In Nigeria Economic Development
- An Evaluation Of The Effectiveness Of An Open Market Operation As A Monetary Control Instrument In Nigeria By Central Bank Of Nigeria
- The Role Of Computer In Fraud Selection And Prevention In The Nigerian Commercial Banking Industry