ANALYSIS OF FINANCIAL STATEMENTS AS VERITABLE TOOLS FOR EVALUATING COMPANIES’ PERFORMANCES IN NIGERIA.

ANALYSIS OF FINANCIAL STATEMENTS AS VERITABLE TOOLS FOR EVALUATING COMPANIES’ PERFORMANCES IN NIGERIA.

ABSTRACT

Accounting and business information of organization are often contain in the financial statements of various organizations, the financial statements- The Income Statement and Financial Position(The Balance Sheet) which are stated in a summarized way in the financial statements. To a layman it is just a mere book because the veil of accounting seem to have been placed on it hence making no sense. To unveil the mask from the face of the financial statements therefore the need to analyse financial statements therefore inevitable. Therefore, to efficiently memorize the performances of companies the need to diagnose their financial statement (analyse the financial statements). This research work is carried out to analyse financial statements as a inevitable tool to evaluate companies perfos a inevitable tool to evaluate companies performances in Nigeria with a particular reference to Zenith Bank PLC. This research work which has been carried out judiciously and systematically made use of both primary and secondary sources of data collection. The primary data priority made use of Questionnaire while the secondary data made use of Zenith Bank PLC Annual financial Report(2009) and other relevant journals. The primary data where analysed using chi-square, and percentages while the secondary data were analysed using regression on the five (5) years financial summary of the Bank.

Conclusively, it was established that financial statement analysis serves as a veritable tool for evaluating companies performances in Nigeria.

TABLE OF CONTENTS

Title                                                                                         i

Certification                                                                                      iii

Dedication                                                                               iv

Acknowledgements                                                                 v

Abstract                                                                                  ix

Table of Contents                                                                    xi

CHAPTER ONE

  • Introduction                    1

1.1     Background to the Study                                                        1

1.2     Statement of the Problem                                                        5

1.3     Objectives of the Study                                                  6

1.4     Significance of the Study                                                         7

1.5     Research Questions and Hypotheses                                       8

1.6     Research Methodology                                                  9

1.7     Scope and Limitations of the Study                               10

1.8     Definition of the Study                                                  11

1.9     Organization of the Study                                             13

End of Chapter References                                            15

CHAPTER TWO

2.0     Literature Review                                                          16

2.1     Research into Current Literature                                   16

2.2     Conceptual Explanation                                                          17

2.3     Parties Interested in Financial Statements                     18

2.4     Objectives of Financial Statement Analysis                            20

2.5     Sources of Information for Financial Statements Analysis.21

End of Chapter References                                            67

CHAPTER THREE

3.0     Research Methodology                                                  69

3.1     Research Forces                                                             69

3.2     Research Instruments                                                    70

3.3     Restatement of Research Question/Hypotheses             71

3.4     Description of the Population and Sample of the Study         72

3.5     Sources of Data Collection                                            74

3.6     Description of Questionnaire                                         75

3.7     Methods of Data Analysis                                             76

End of Chapter References                                            77


CHAPTER FOUR

4.0     Data Analysis, Interpretation and Discussion of Findings 78

4.1     Interpretation of Items                                                   78

4.2     Analysis of Questionnaires on Personal Bio

Data of Respondents                                                     79

4.3     Analysis of Questionnaire on Analysis of Financial

Statements as a Vital Tools for Evaluating Companies

Performances in Nigeria                                                         84

4.4     Text of Hypotheses                                                       95

End of Chapter References                                            108

CHAPTER FIVE

5.0     Summary, Conclusion, Recommendations and Suggestion

for Further Studies                                                                  109

5.1     Summary                                                                       109

5.2     Conclusion                                                                     111

5.3     Recommendations                                                                   112

5.4     Suggestions for Further Studies                                              113

End of Chapter References                                            115

Bibliography                                                                  116

Appendices (Questionnaires)                                         119

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Updated: February 14, 2016 — 5:44 pm

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