CRITICAL ANALYSIS OF THE USE OF FINANCIAL REPORT IN ASSESSING BANK PERFORMANCE (A Case Study Union Bank Of Nigeria Plc)
ATTENTION:
BEFORE YOU READ THE CHAPTER ONE/ABSTRACT OF THE PROJECT TOPIC
BELOW, PLEASE READ THE INFORMATION BELOW.THANK YOU!
INFORMATION:
YOU CAN GET THE COMPLETE PROJECT OF THE TOPIC BELOW. THE FULL
PROJECT COSTS N5,000 ONLY.
THE FULL INFORMATION ON HOW TO PAY AND GET THE COMPLETE PROJECT
IS AT THE BOTTOM OF THIS PAGE. OR YOU CAN CALL: 08068231953, 08168759420
CRITICAL ANALYSIS OF THE USE OF
FINANCIAL REPORT IN ASSESSING BANK PERFORMANCE (A Case Study Union Bank Of
Nigeria Plc)
Table Of
Content
Title Page
Approval
Page
Dedication
Acknoledgement
Abstrat
Table Of
Contents
Chapter One
1.0
Introduction
1.1
Statement Of The Problem
1.2
Objective Of The Study
1.3 Research
Qestions
1.4 Research
Hypothesis
1.5
Significance Of The Study
1.6 Scope
And Limitation Of The Study
1.7
Definition Of Terms
Chapter Two
2.0 Review
Of Related Uterature
2.1
Historica Background Of Union Bank Of Nigeria Plc
2.2 The Need
For Financial Reports
2.3 The
Composition Of The Financial Reports
2.31 The
Chiairmans Reports
2.32 The
Directors Reprot
2.3.3 The
Auditors Report
2.3.4 The
Financial Statement
2.4 Various
Users Of Financial Reports And Their Information Needs
2.4.1
Shareholders
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
2.4.6
Management
2.4.7
AnanlysisAdvises
2.5
Financial Reporting By Banks
2.5.1
Introduction
2.5.2 The
Prudential Guidelines
2.6
Performance Evaluation In The Banking Industry
2.6.1
Efficiency And Profitablity
2.6.2
Potencial And Actual Growth
2.6.3 Loans
And Advances
Chapter
Three
3.0 Research
Design And Methodology
3.1 Research
Design
3.2 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
Chapter Four
4.0 Data
Presentation And Analysis
4.1 Data
Analysis Technigues
4.2 Test Of
Hypothesisi
Chapte Five
5.0
Findings, Recommendations Ans Conclusions Findings
5.1
Recommendations
5.2
Conclusion
Bibliography
Appendix
CHAPTER ONE
INTRUDUCTION
1.1
BACKGROUND OF STUDY
A farmer,
who plants corps, expects result, similarly to student who sits for examination
expects results. The same 5 also true of an investor.
For the
farmer, the result might be communicated to him in the form of a bumper
harvest. It result sheet or a report card would usually sufficed for a student.
However, in the of an investor, the result is communicated through the financial
reports.
Financial
reports are law to be prepared by every limited liability company; these
limited liability companies abound in virtually all sector of the economy.
Every
company shall cause accounting records to be kept. The accounting records shall
be sufficient to show and explain the transactions of the company and shall be
such as to disclose with reasonable accuracy, at anytime the financial position
of the company.
In the
banking industry, financial reports are of great interest to the general public
because the banks directly or indirectly interact with people.
This public
interest has caused companies (including banks) to accept social as well as
economic, financial and legal responsibilities and has created a consequence, a
growing need for the communication of information to account for the results
which are of considerable interest a wide range of individuals and
organizations.
So, it
becomes very imperative for reliable information to be circulated to interested
parties which can enable them to acquire an essential knowledge of the way is
which companies particularly the bank are performing in relation to the public
interest. This fact is further educated by the recommendation of the working
party set up in Britain by the Accounting standard committee in October 1974
under the chairmanship of Derek booth man which took a study of the scope and
aims of publisher financial statements.
The
committee recommended that:
“The
fundamental objectives of corporate report are to communicate economic
measurement of the reporting entity useful to those having reasonable right to
such information”
It is not an
over statement when one says that the banking industry is the flume on which
the national economy rotates. This mammoth, impact upon a country economy
therefore makes it a public affair is everybody in the country has a right to
know what such organizations are doing, more so all information, necessary to
explain the organization’s activities fully should be provided in the annual
reports.
One of the
most significant aspects of the information system of business enterprises in
an economy is that which deals with the communicate of financial data,
especially in describing business profitability and financial position. This
information is important because it attempts to partial the economic resources
of the enterprises and the financial results, which have been achieved by its
management when those resources have been put to use. It attempts to reveal how
effective management has been in resources utilization as well as the financial
reward available to compensate for risk taken by various suppliers of capital.
1.2
STATEMENT OF THE PROBLEM
The
genuineness or other wise of financial reports has attracted diverse opinions
from different quarters, such opinions can come from the general public, tax
authorities, shareholders, creditors with long or short term interest,
financial analyst and potential investors.
They argue
that the financial reports do not usually give an accurate data about the
actionties of such business concerns, for example, the idea of stating assets
at their historical cost do not favour most investors as they argue that
inflation is not usually taken care of, though the real value of such assets
might have been eroded.
Again since
the financial reports prepared by managements, the shareholders and others
argue that there would usually be some elements of bi as on the part of
management in the disclosure of management’s financial ineptitude.
But in any
case the management claims that some inherent problems would usually affect the
accuracy of such reports. It is therefore the intention of this researcher to
delve into the matter to enable him establish a relationship between financial
reporting and performance evaluate in a bank.
1.3
OBJECTIVES OF THE STUDY
Companies
including those in the banking industry have had to face the onerous task of
presenting a credible and generally acceptable financial statement in their
annual reports, to the various people to whom they own such obligations. The
purpose of the study is:
a. To
determine the various financial reports used by banks.
b. To
ascertain the problems of using financial reports to assess performance of
banks.
c. To
examine the use of historical cost convention adopted by banks in stating this
balance sheet items on investors.
d. To
determine of there’s a relationship between financial reporting and performance
evaluation of a bank.
e. To offer
recommendations and solutions on the best way financial reports could use in
assessing bank performance.
1.4 RESEARCH
QUESTIONS
a. What
impact has financial reporting on bank performance with respect to the
financial position of the bank?
b. How does
financial statement assess the bank performance?
c. Does
financial reports disclosed financial impetitude of bank mangers to the
shareholders?
d. What are
the problems associated in using financial reports to assess bank performance?
e. How do we
know a reliable financial report?
f. Has
financial statement of banks influence your investment decision?
1.5 RESEARCH
HYPOTHESIS
Base on the
statement of problem and objections of this research work the following general
hypothesis are formulated:
Ho Investment
decision, base entirely on the financial statement will not lead to poor and
lazy decisions.
Hi
Investment decision based entirely on the financial statements will lead to
poor and lazy decisions.
Ho The
efficiency of financial reports is great affected by inflationary trends in the
economy.
Hi The
efficiency of financial reports is not greatly affected by inflationary trends
in the economy.
Ho Financial
report are not a true in director of banks performance.
Hi financial
reports are a true in director of banks performance.
1.6
SIGNIFICANCE OF THE STUDY
The banking
industry is a very important sector of the economy. This is because banks can
determine the direction of growth or development of the economy trough the
financial service rendered by banks. The financial services which includes,
funds mobilization, safekeeping and custodianship, funds transfer, foreign
exchange transaction equipment leasing, extension of loans and advances,
investment in securities, bill discounting etc.
Investment
key sector of the national economy of which the banking industry is one becomes
a goal-getters priority. Owing to this, it becomes necessary that financial
reports presented by banks satisfy the need of the users of the reports.
Specially, at
the end of this study, we shall have been able to establish:
1. Whether
or not the financial reports affects investment in the banking industry.
2. Whether
or not the annual financial report currently reflect the inflationary effects.
3. Whether
or not banks follow rigid accounting practices.
The emphasis
of this research is not to discuss the determinants of performance, but to
establish a relationship between financial reporting and performance so that
potential investors is in banking industry may clearly define the stand.
1.7 SCOPE
AND LIMITEDATION OF THE STUDY
The aim of
the study is to examine, the use of financial reporting in assessing banks
performance, however it will be restricted to investigations carried out on
union bank of Nigerian Plc.
To enable
the research have a broad view, the study will not be based on one branch. A
study of some selected branches of the bank will also be carried out.
But in any
case, the following among others are the numerous constraint, while are
envisaged;
LITERATURE:
The dearth of related books and journals will no doubt affect the quality of
the research.
TIME: The
greatest employer of man, which is time was not in my favour through I manage
it considering the time allocated to my studies, fellowship and the project.
FINANCE: The
research work generally involves money but considering my stand as a student. I
was limited by financial in achieving my gim of have a population rather I
found my self in using sample size, even visit to my case of study.
RESPONSE RATE:
The information to be analyzed in the study will be limited to those who would
respond voluntarily to the questionnaire.
PAUCITY OF
INDUSTRY: At the course of my research I come to release that many banks dose
not have any form inter-relationships which make things difficult for me in
using one set of information generated as touching planning and control in UBN
to generalize issues. That leads me into more research, which will continue
even after this profit.
1.8
DEFINITION OF TERMS
OUDITING:
The objective examination of financial statements initially prepared by
management by a third party other than the prepared or used with the goal of
establishing the fairness of representations made therein and reporting on same
a guides to interested users.
ATTEST: To
assume responsibility for the fairness and dependability for the fairness and
dependability of financial statements.
BANKRUPT:
Inability of person to meet his liabilities as they mature.
FRAUD:
Misrepresentation by a person to be untrue or made with reckless indifference
as whether the fact in true with the intention of deceiving the other party and
with the result that the other party is injured.
FINANCIAL
STATEMENTS: This covers balance sheets, income statement or profit and loss
accounts notes and other statement and explanatory materials.
GOING
CONCERN: Continuing in operation for the foresable future with the assumption
that the enterprise has neither the intention nor the
LIQUIDATION:
Process of winding up of a company thereby brings to an end its corporate
existence.
TRUE AND
FAIR VIEW: The opinion of an auditor, which depicts compliance, will generally
accepted accounting principles and full of fair disclose of facts.
HOW TO GET THE FULL PROJECT WORK
PLEASE, print the following instructions and information if you
will like to order/buy our complete written material(s).
HOW TO RECEIVE PROJECT MATERIAL(S)
After paying the appropriate amount (#5,000) into our bank Account
below, send the following information to
08068231953 or 08168759420
(1) Your project topics
(2) Email Address
(3) Payment Name
(4) Teller Number
We will send your material(s) after we receive bank alert
BANK ACCOUNTS
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 0046579864
Bank: GTBank.
OR
Account Name: AMUTAH DANIEL CHUKWUDI
Account Number: 2023350498
Bank: UBA.
FOR MORE INFORMATION, CALL:
08068231953 or 08168759420
AFFILIATE LINKS:
myeasyproject.com.ng
easyprojectmaterials.com
easyprojectmaterials.net.ng
easyprojectsmaterials.net.ng
easyprojectsmaterial.net.ng
easyprojectmaterial.net.ng
projectmaterials.com.ng
googleprojectsng.blogspot.com
myprojectsng.blogspot.com.ng
https://projectmaterialsng.blogspot.com.ng/
Comments
Post a Comment