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 if 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.
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 suggestion made were based wholly on the outcome of the study, for example, on the problem of 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.
TITLE PAGE 1
APPROVAL PAGE 2
TABLE OF CONTENTS 6-9
CHAPTER ONE: INTRODUCTION
BACKGROUND OF THE STUDY 10-12STATEMENT OF THE PROBLEM 12-13OBJECTIVE OF THE STUDY 13-14RESEARCH QUESTIONS 14RESEARCH HYPOTHESIS 14-15SIGNIFICANCE OF THE STUDY 15-16SCOPE AND LIMITATION OF THE STUDY 17-18DEFINITION OF TERMS 18-19
CHAPTER TWO: REVIEW OF RELATED LITERATURE
HISTORICAL BACKGROUND OF UNION BANK OF NIGERIA PLC 20-21THE NEED FOR FINANCIAL REPORTS 22THE COMPOSITION OF THE FINANCIAL REPORTS 22-23THE CHIAIRMAN’S REPORTS 23-24THE DIRECTOR’S REPORT 24-25THE AUDITOR’S REPORT 25-27THE FINANCIAL STATEMENT 27-31VARIOUS USERS OF FINANCIAL REPORTS AND THEIR INFORMATION NEEDSLONG-TERM CREDITORS 33-34TAX AUTHORITIES AND GOVERNMENT 35EMPLOYEES AND TRADE UNIONS 35-36FINANCIAL REPORTING BY BANKSTHE PRUDENTIAL GUIDELINES 38PERFORMANCE EVALUATION IN THE BANKING INDUSTRY 39EFFICIENCY AND PROFITABLITY 39-40POTENTIAL AND ACTUAL GROWTH 40RESEARCH METHODOLOGY 42POPULATION OF THE STUDY 46-47METHOD OF DATA PRESENTATION 47METHODS OF DATA ANALYSIS 48-49
DATA PRESENTATION AND ANALYSIS 50DATA ANALYSIS TECHNIQUES 50-55TEST OF HYPOTHESIS 55-63
FINDINGS, CONCLUSIONS AND RECOMMENDATIONS
A farmer, who plants crops, expects result, similarly to student who sits for an examination expects results. The same is also true of an investor.
For the farmer, the result might be communicated to him in the form of a bumper harvest. The result sheet or a report card would usually suffice for a student. However, in the case of an investor, the result is communicated through the financial reports.
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