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  • Name: FINANCIAL STATEMENTS ANALYSIS AS A MEASURE OF PERFORMANCE AND EFFICIENCY IN BANKING SECTOR IN NIGERIA
  • Type: PDF and MS Word (DOC)
  • Size: [441 KB]
  • Length: [60] Pages

 

TABLE OF CONTENT

Title page                                                                               i

Certification                                                                           ii

Dedication                                                                              iii

Acknowledgment                                                                  iv

Proposal                                                                                  vii                  Table of content

CHAPTER ONE

  1. 1 Introduction 7

1.2 Statement of problem                                                      9

1.3 Research questions                                                          10

1.4 Objective of the study                                                     11

1.5 Research hypothesis (Ho, Hi)                                         12

1.6 Significance of the study                                                13

1.7 Scope of the study                                                           13

1.8 Definition of key term                                                     14

1.9 Plan of the study                                                              15

CHAPTER TWO

2.1 Literature review                                                             18

CHAPTER THREE

  1. 1 Research methodology 51

3.2 Source of Data                                                                 51

3.3 Population of the Study                                                  52

3.4 Sample size                                                                      52

3.5 Method of Data Collection                                             52

3.6 limitation of the methodology                                        53

CHAPTER FOUR

  1. 1 Introduction 54

4.2 Data Presentation and Analysis                                      54

4.3 Data Interpretation                                                           62

CHAPTER FIVE

5.1 Findings                                                                           65

5.2 Summary                                                                          67

5.3 Conclusion                                                                       71

5.4 Recommendations                                                           72

References                                                                              75

Questionnaire

 

 

PROPOSAL

INTRODUCTION

The strength of any organization could be properly assessed only from its financial position as it shall be reflect in the account data. The important of corporate financial reporting view of developing in the money market and capital market cannot be emphasized.

Financial statement analysis is the process of identify the financial strengths and weaknesses of the firm by properly establishing relationships between the items of the balance sheet and the profit and loss account.

STATEMENT OF RESEARCH PROBLEM

The statement of research problem shall be as follows:

  1. Ratio of the case study does not have meaning except is being compared with same standard.
  2. The interpretation of ratio rendered invalid as a of change in the value of money.

iii. The difference in definition of items in the balance sheet and income statement make the interpretation of ratio different.

OBJECTIVE OF THE STUI)Y

The objective of financial statement shall be to gain and understanding of the firm’s current financial condition as well as its nature prospects which is turn can serve as the basic for decision making in the same light.

The objective of the research work shall also be.

  1. To determine the efficiency of the management of first bank plc.
  2. To accomplish this objective, financial ratio measure efficiency of an enterprise such as profit margin, net profit margin, return on total asset and net asset and other necessary ratio woe identified for calculation for period of one year.

RESEARCH QUESTION

The research question of this research work shall be as follows:

i.) Does ratio analysis have any effect on the performance of banks?

ii.) What are the significant roles of financial statement and balance sheet of the case study?

FORMULATION OF RESEARCH HYPOTHESIS

Ho: Does financial statement analysis have impact on performance efficient in the banking

Hi: Financial Statement has an impact on performance efficiency in the banking industry.

SIGNIFICANCE OF THE STUDY

The research work significance shall be show the clear understanding of financial statement analysis bee, recent studies have emphasize the need to wide the area of responsibility of financial statement to take into cognizance the numerous users group.

RESEARCH METHODOLOGY

The research methodology shall be to design the necessary instrument by the researcher in order to later the relevant information require for accomplishii1c the research work. A tool for performance evaluation used secondary data for the analysis of financial statement.

DEFINATION OF UNFAMILIAR TERMS

The unfamiliar term in this research work show as follow:

  1. Efficiency: The quality of doing well with no waste of time or money.
  2. Cognizance: This is knowledge or understanding of the importance of the case.

iii. Sector: This is a part of area of activities especially of country economy.

ORGANIZAT1ON OF THE STUDY

This research work shall be divided into a five chapters for ease of presentation of the facts and figure gather.

Chapter one shall consist of introduction, statement of problem, research question, research question, objective of the study, research hypothesis (HO, Hi) significance of the study, scope of the study definition of the key term and organisation the study .

Chapter two shall be literature reviews, historical background of the first an of Nigeria plc, nature of the financial statement analysis, the principle tool of analysis, nature and purpose of financial ratio and users of financial statement analysis e.t.c

Chapter three shall be present research design, data collection method, validity of ratio analysis, reliability of a data and method of data analysis.     

Chapter four shall present talk about introduction, data presentation and analysis, data interpretation.

Finally, chapter five shall be explaining findings. Summary, conclusion and recommendation.

 

CHAPTER ONE

1.1 INTRODUCTION

The organization strength of any enterprises could be properly access only from its financial position as it shall be reflect in the account data. The important of corporate financial reporting view of developing in the money market and capita market cannot be over emphases. Financial, statement analysis is the process of identifying the financial strength and weakness of the balance sheet and profit and loss account.

However, accounting information gives the summary of the economic performance and the situation of a business enterprise as well as it profitability. They also review how the provision of their resources has been effectively utilized. the use of the information provided is virtually of modern society. Decision take on the basis of such information affect the millions of people all over the world with ever increasing number of user whose interest are becoming more and more diverse, the need for proper understanding of such financial statement cannot be over emphasis. In order to arrive at a right conclusion, it is imperative that the account regaled a time fear review.

Corporate reporting service as an effective means of communicating financial statement and other data by companies of shareholder, prospective investor, government authority and general public.

Annual report and accounts are the cost significant single communication of economic and financial information to the shareholders and other interested group.

Annual report and accounts are therefore central to corporate reporting in order for the users of this annual reports and account to make use of its, there is need to further analysis the information contained in the financial statement .The income statement and balance sheet can be of great benefit to some of the users when properly analyzed.

One of the most important functions of financial accounting is to report information to external parties. The set of people who do not take part in the day to day management of the business

Such as the creditor, shareholders, investors, bankers are individual and organization that finance the firms operation.

Finally, each of these parties has an interest in analyzing and interpreting one or more broad area of business, especially its financial soundness and stabilized the efficiency of its management as well as future prospect for investors.

1.2 STATEMENT OF PROBLEM.

The statement of problem are comprise of the following

  1. Ratio of the case study does not have meaning except is compared with same standard
  2. The interpretation of ratio rendered invalid as a result of change in the value of money.

iii. The difference in definition of items in the

Balance sheet and income statement make the interpretation of ratio different.

  1. The ratio calculated at a point in time are less informative and effective as they suffer short term changes.
  2. the wide range of the bank operation have make it difficult to develop a meaningful set of industry average for comparism.

1.3 RESEARCH QUESTION

  1. Does ratio analysis have any effect on the performance of banks?
  2. What are the significant roles of financial statement and balance sheet of the case study?

iii. How does the bank control the risk of illiquidity?

1.4 OBJECTIVE OF THE STUDY.

Financial statement analysis provides a method for assessing the financial strength and weakness of all enterprises using information found in its financial statement.

The annual report and account, the objective of this analysis is to gain and understanding of the firm’s current financial condition as well as its nature prospects which in turn can serve as the basis for decision making in the same light of the above objective of financial statement analysis the objective of the research work in the second folds are:

  1. To determine the efficiency of the management Of first bank plc.
  2. To accomplish this objective financial ratio that measure efficiency of an enterprises such as gross profit margin net profit margin retune on total asset and net asset and other necessary ratio would be identified calculate for period of one year.

iii. to analysis the role of first bank of Nigeria of the proffered sector of the economy such as industry and agriculture.

  1. To appraise first bank contribution to the economic development
  2. To analysis some of the problems confronting the first bank of Nigeria in the cases of carrying out their services.
  3. To make recommendation based on the finding of the study.

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