Role of financial statements

Topics: Net present value, Financial statements, Cash flow Pages: 60 (11456 words) Published: December 12, 2013
TITLE PAGE

ROLE OF FINANCIAL STATEMENT IN INVESTMENT DECISION MAKING.
(A CASE STUDY OF FIRST BANK OF NIGERIAN PLC)

BY

AMEDU, MERCY A.
ACC/2008/502

A RESEARCH PROJECT SUBMITED IN PARTIAL FULFILLMENT OF THE
REQUIREMENT FOR THE AWARD OF THE BACHELOR OF SCIENCE (B. SC) DEGREE IN ACCOUNTANCY.

FACULTY OF MANAGEMENT AND SOCIAL SCIENCES, DEPARTMENT OF
ACCOUNTANCY, CARITAS UNIVERSITY AMORJI NIKE ENUGU

[

AUGUST, 2012

CERTIFICATION
It is hereby certified that the research work embodied in this presentation has been duly read and approved in partial fulfilment of the requirement for the award of Bachelor of Science (B. SC) degree in accountancy, Caritas University, Amorji Nike Emene Enugu state.

-----------------------------DR FRANK E. OVUTE

---------------------Date

Supervisor

-----------------------------DR FRANK E. OVUTE

---------------------Date

Head of department

---------------------------External Examiner

---------------------Date

ACKNOWLEDGEMENT
Words of mouth are not enough to express my level of gratitude to God for his grace, mercy and for being a great providence to my life during the course of my study in this school.
My gratitude and appreciation goes to my father prince J JAmedu (ESQ) for his financial support, my mother Mrs J M victoria and my siblings for their prayers that kept me going.
I will not forget the cossets of my H.O.D who is also my supervisor Dr frank E. Ovute whose constructive critics and useful suggestions has been of immense help to me.
Nevertheless, I will like to record my indebtedness to the school authority and my lecturers’ Prof E. O. Nwadialo, Prof Cyprian Ihekwaba, Mr Nsoke P. U, Mr Enekwe Chinedu Innocent, Mr Desmond Chimaobi Obani, Mr Collins Ugwu, Mr James Ugwu and Mr Ezeamama. I am so grateful.

I will like to pour out my heart felt gratitude to Rev Fr Eteonu Solomon for his spiritual support, my colleagues’, my roommates, to some of my friends Patrick, Musty, IB, Aj, Nance, Ifeoma, Okpa, any aunty Ele Haruna. And to all those whose names I have not being able to mention, God bless you all.

ABTRACT
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 the role of financial statement in investment decision making. The study will be based on survey and questionnaire will be used to gather information. There is a total population of 70 personnel but the sample size is 60 using Taro Yamane’s formula. The methods used in analysing this study are simple percentage and chisquare. We discovered from the test of hypotheses that financial statement is relied upon in investment decision making and financial statements are useful for forecasting company’s performance. Concluded was drawn based on the findings that financial statement plays a vital role in investment decision making and recommends that no investment decision should be taken without the consideration of a company’s financial statements.

TABLE OF CONTENT
Cover page------------------------------------------------------------------------------i Title page-------------------------------------------------------------------------------ii Certification page--------------------------------------------------------------------iii

Dedication-----------------------------------------------------------------------------iv Acknowledgement------------------------------------------------------------------v Abstract-------------------------------------------------------------------------------vi Table of content--------------------------------------------------------------------vii CHAPTER...

References: Osuala, E. C. (2005). Introduction to Research Methodology. 3rd Edition.
Yamane, T. (1964). Statistics: An Introduction analysis. New York;
Harper and Raw Publisher.
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