ABSTRACT
There has
always been these arguments, disagreement and mistrust between the owners and
the managers of business ventures over the credibility of the financial
statement reported. The fears of the investors stem from the fact that the
reports could contain: Frauds, Errors and Mistake; could deliberately be
misleading just to misinform and deceive. And it may not reveal mismanagement,
fraud or loss. This problem was what gave rise for the search and adoption of
techniques that will be more acceptable to all in the evaluation of corporate
performance. By way of literature review, the need for stewardship accounting
and the use of generally accepted techniques for evaluating and interpreting
financial statement by different users were traced as well as definitions of
basic accounting concepts, formulae were xrayed. Various authors' views on the
subject were also reviewed and stated holistically. The study used both primary
data - which were in the form of structured questionnaires, personal interviews
& observations, and secondary data gotten from textbooks, Journals Magazines
and unpublished materials. The population size was 252 drawn out of which the
sample size of 155 was drawn using: TARO YAMEN'S formula. Researcher's findings
showed that most firms use accounting ratios extensively in evaluating
operational efficiency. It revealed also that business concerns made use of
accounting extensively ratios for management decision making process and
comparison. It is recommended that business unit in a particular industry
should adopt a common set of parameters for assessing that particular industry
e.g. banking industry, manufacturing etc for ease of common interpretation as
no one ratio tells it all. Further research work should be conducted on
inter-company comparison ratio as a means of harmonizing and identifying
operational opportunities open and common to all the participating firms.
OGBONNA, N (2024). The Use Of Accounting Ratios As A Tool For Evaluating Corporate Financial Performance (A Case Study Of Berger Paints Nig Plc):- Ogbonna Hyginus N. Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/the-use-of-accounting-ratios-as-a-tool-for-evaluating-corporate-financial-performance-a-case-study-of-berger-paints-nig-plc-ogbonna-hyginus-n-7-2
NDUBUISI, OGBONNA. "The Use Of Accounting Ratios As A Tool For Evaluating Corporate Financial Performance (A Case Study Of Berger Paints Nig Plc):- Ogbonna Hyginus N" Mouau.afribary.org. Mouau.afribary.org, 06 Aug. 2024, https://repository.mouau.edu.ng/work/view/the-use-of-accounting-ratios-as-a-tool-for-evaluating-corporate-financial-performance-a-case-study-of-berger-paints-nig-plc-ogbonna-hyginus-n-7-2. Accessed 30 Oct. 2024.
NDUBUISI, OGBONNA. "The Use Of Accounting Ratios As A Tool For Evaluating Corporate Financial Performance (A Case Study Of Berger Paints Nig Plc):- Ogbonna Hyginus N". Mouau.afribary.org, Mouau.afribary.org, 06 Aug. 2024. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/the-use-of-accounting-ratios-as-a-tool-for-evaluating-corporate-financial-performance-a-case-study-of-berger-paints-nig-plc-ogbonna-hyginus-n-7-2 >.
NDUBUISI, OGBONNA. "The Use Of Accounting Ratios As A Tool For Evaluating Corporate Financial Performance (A Case Study Of Berger Paints Nig Plc):- Ogbonna Hyginus N" Mouau.afribary.org (2024). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/the-use-of-accounting-ratios-as-a-tool-for-evaluating-corporate-financial-performance-a-case-study-of-berger-paints-nig-plc-ogbonna-hyginus-n-7-2