ABSTRACT
Every commercial bank targets the attainment of its desired objectives. They therefore aim towards efficiency and proper effectiveness in conducting its affairs. However, the level of this efficiency and effectiveness of any bank or the extent to which it is able to achieve its desired goals depends to a large extent on the quality of the available accounting information and on how the bank utilizes the available information.
For any commercial bank to be sure of success in the management of their portfolios in this day’s rapid changing environment, the management and staff must update themselves with every relevant and current accounting information that will be beneficial in determining the predetermined goals. Management must therefore plan the course of action of the bank by identifying the long, medium and short term goals based on the detailed analysis of feasibility, bearing in mind the socio-economic and political situation that might affect the plans to be achieved.
Every commercial bank targets the attainment of its desired objectives. They therefore aim towards efficiency and proper effectiveness in conducting its affairs. However, the level of this efficiency and effectiveness of any bank or the extent to which it is able to achieve its desired goals depends to a large extent on the quality of the available accounting information and on how the bank utilizes the available information.
For any commercial bank to be sure of success in the management of their portfolios in this day’s rapid changing environment, the management and staff must update themselves with every relevant and current accounting information that will be beneficial in determining the predetermined goals. Management must therefore plan the course of action of the bank by identifying the long, medium and short term goals based on the detailed analysis of feasibility, bearing in mind the socio-economic and political situation that might affect the plans to be achieved.