The Project File Details
- Name: [File Name]A CRITICAL ANANLISIS OF THE USE OF FINANCIAL REPORT IN ASSESSING BANK PERFORMANCE. (A CASE STUDY UNION BANK OF NIGERIA PLC)
- Type: PDF and MS Word (DOC)
- Size: [48.8 KB]
- Length:  Pages
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:
- Source financial statement contained in the financial reports influence investment remarkably in banks.
- The annual reports do not reflect inflationary effects in the country today.
- 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 CONTENTS
STATEMENT OF THE PROBLEM
OBJECTIVE OF THE STUDY
SIGNIFICANCE OF THE STUDY
SCOPE AND LIMITATION OF THE STUDY
DEFINITION OF TERMS
REVIEW OF RELATED UTERATURE
HISTORICA 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
2.4 VARIOUS USERS OF FINANCIAL REPORTS AND THEIR
2.4.2 LONG-TERM CREDITORS
2.4.3 SHORT-TERM CREDITORS
2.4.4 TAX AUTHORITIES AND GOVERNMENT
2.4.5 EMPLOYEES AND TRADE UNIONS
2.5 FINANCIAL REPORTING BY BANKS
2.5.2 THE PRUDENTIAL GUIDELINES
2.6 PERFORMANCE EVALUATION IN THE BANKING
2.6.1 EFFICIENCY AND PROFITABLITY
2.6.2 POTENCIAL AND ACTUAL GROWTH
2.6.3 LOANS AND ADVANCES
1.0 RESEARCH DESIGN AND METHODOLOGY
1.1 RESEARCH DESIGN
1.2 SOURCES OF DATA
3.2.1 PRIMARY SOURCES
3.2.2 SECONDARY SOURCES
3.3 POPULATION OF THE STUDY
3.4 MATHOD OF DATA PRESENTATION
3.5 METHODS OF DATA ANALYSIS
DATA PRESENTATION AND ANALYSIS
DATA ANALYSIS TECHNIGUES
TEST OF HYPOTHESISI
FINDINGS, RECOMMENDATIONS ANS CONCLUSIONS FINDINGS