Download Tag: FINANCIAL STATEMENT

TABLE OF CONTENT TITLE PAGE APPROVAL PAGE DEDICATION ACKNOLEDGEMENT ABSTRACT TABLE OF CONTENTS CHAPTER ONE INTRODUCTION STATEMENT OF THE PROBLEM OBJECTIVE OF THE STUDY RESEARCH QESTIONS RESEARCH HYPOTHESIS SIGNIFICANCE OF THE STUDY SCOPE AND LIMITATION OF THE STUDY DEFINITION OF TERMS CHAPTER TWO REVIEW OF RELATED UTERATURE HISTORICAL BACKGROUND OF UNION BANK OF NIGERIA PLC THE NEED FOR FINANCIAL REPORTS THE COMPOSITION OF THE FINANCIAL REPORTS THE CHIAIRMANS REPORTS THE ...

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY According to frank wood and Allan songster (2012) business accounting is concerned with the quantitative expression of economic data? As a discipline it evolve from a need for a frame work of recording, classifying, summarizing, analyzing and communicating economic data. Financial management is a specialized area of accounting, which is concerned, with the effective and efficient management of financial resources of any organization. ...

ABSTRACT This study set out to study the Impact of Financial Statement on Investment Decision. (A case study of Cement Company of Northern Nigeria Sokoto). Financial statement provide the base statement its investment decision it is therefore critical that it should provide a reliable permanent history of the financial activities of organization record in archaeological diary of measured event presented in orderly and systematically manner. It readily communicate primarily financial information ...

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY One of the primary reasons for an independent audit is the inherent potential conflict between an entity’s management and users of its financial statements. Management has an incentive to the information presented in financial statements since it is the means used to evaluate management’s performance. Management exercises a great deal of discretion in preparing financial statements and in using resources entrusted in ...

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY The concept of misrepresentation of information in the financial statement tends to examine those items that can alter the financial affairs of on the financial concern (or an entity), audited by an auditor based on the financial statement presented by the manager on the basis of true and fair view. The establishment or introduction of the joint stock company increased the supply of ...

CHAPTER ONE BACKGROUND OF THE STUDY Introduction Success in business is judged on the basis of reasonable profits and good liquidity condition, which are two indicators of favourable business operations. Managers responsible for business success and need containing stream of information about these indicators of favourable business operations. Timely detection of unfavourable factors in business operation may enable management to take correction steps in time to avoid serious consequence of ...

ABSTRACT The project is a comprehensive study of the changes in Accounting standard, the impact on financial statement with a study of Guinness Nigeria Plc Benin Branch, Edo state. This project is aimed at determining the impact of Accounting standard on the users of financial statement and also the needs of the Accounting standard. Data were collected, through primary and secondary sources. The finding revealed that the changes in Accounting ...

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Every business organization whether in the public or private sector is established to achieve certain objectives. This could be profit maximization as in the case of the private sector or efficient and timely provision of essential services at a reduced price, as in the case of the public sector. The performance of such business organization has to be reported in monetary terms ...

ABSTRACT This study was to assess the significance external auditor‟s in the examination of financial statement of first Bank of Nigeria Plc., Enugu. The banking sector in Nigeria and elsewhere in recent times have become so diversified, challenging, highly competitive and has been characterized by persistent, fraud, errors and misappropriation of funds in the bank, the impact of which has undoubtedly shaken the whole economy of the nation. For this work ...

CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Every business organization whether in the public or private sector is established to achieve certain objectives. This could be profit maximization as in the case of the private sector or efficient and timely provision of essential services at a reduced price, as in the case of the public sector.The performance of such business organization has to be reported in monetary terms to ...

CHAPTER ONE BACKGROUND OF THE STUDY According to America Accounting Association, Accounting is the process of identifying, measuring, and communicating economic information to permit informed judgment and decisions by users of information. From this definition, it can be seen that the main objective of accounting is to provide economic information that will enable the users to make decisions. According to Patrick .A. Casabona (2006), Investors and creditors throughout the world ...

ABSTRACT The use of financial statement in any business organisation cannot be over emphasized financial statements are needed by variety of people for different purposes .  for instance, the government needs the financial books of a company for taxation purposes, the investors want to know how profitable a company is and also the management of a company will like to know the level of their performance: all these cannot be known ...

CHAPTER ONE INTRODUCTION 1.1    BACKGROUND OF THE STUDY Recent researchers have been shown that one of the main causes of indigenous business failure in this country is failure to maintain proper financial records.  Many business have been operated with merely a single entry memorandum record of transactions and others with no records whatever, except possible cheque stubs.  As a result, business decisions are based on quesses and intruition. Ola (1985). In todays economy ...

CHAPTER ONE INTRODUCTION As a result of increased commercial activities through out the world, many big business expand beyond their countries to have a share of the world market. Therefore, established branches are translated accordingly based on exchange rates existing and at the end set of financial statements are prepared and published. In preparing these financial statement normal accounting practices and procedures must be followed and a number of legal ...

CHAPTER ONE INTRODUCTION As a result of increased commercial activities through out the world, many big business expand beyond their countries to have a share of the world market. Therefore, established branches are translated accordingly based on exchange rates existing and at the end set of financial statements are prepared and published. In preparing these financial statement normal accounting practices and procedures must be followed and a number of legal ...

CHAPTER ONE INTRODUCTION 1.1  BACKGROUND OF THE STUDY The concept of misrepresentation of information in the financial statement tends to examine those items that can alter the financial affairs of on the financial concern (or an entity), audited by an auditor based on the financial statement presented by the manager on the basis of true and fair view. The establishment or introduction of the joint stock company increased the supply ...

ABSTRACT Corporate organizations owe a duty to fully disclose matters concerning their operations so as to aid investors in making investment decisions because Investment decision makers rely on information obtained from financial statements to predict future rates of return. Without the financial statement, there will be a problem of how to determine the profit of a company, and evaluation of performance of a company. The general objective is to ascertain ...

ABSTRACT This study examined the effects of performance evaluation through the analysis of financial statement on investment decision, using Longman Nigeria Plc as the case study. Based on the set objectives of the study, structured questionnaire consisting of eighteen (18) close-ended questions and one (1) open-­ended questions were developed and administered on one hundred (100) respondents of the aforementioned company, but a total of ninety-four (94) questionnaires were completely filled ...

CHAPTER ONE INTRODUCTION We have now out lined a number of alternative approaches that the accountant could possibly take in preparing accounting reports. However, we are going to choose between them? How are we going to go about deciding the accounts we prepare? In the most general of terms the correct approach was suggested. We are the communicators of the information that people will find useful. We therefore have to ...

ABSTRACT The use of financial statement in any business organization cannot be over emphasized financial statements are needed by variety of people for different purposes .  for instance, the government needs the financial books of a company for taxation purposes, the investors want to know how profitable a company is and also the management of a company will like to know the level of their performance: all these cannot be ...