Usefulness Of Accounting Ratios In The Interpretation Of Financial Statements And Evaluation Of Organizational Performance (A Study Of Flour Mills Of Nigeria Plc)
ABSTRACT
This study analyzed "usefulness of accounting ratios in
the interpretation of financial statements and evaluation of organizational
performance ". T-test model was used to test for the significant effect of
using accounting ratios in interpreting financial statements and evaluating
organizational performance by analyzing the administered questionnaire, the
secondary data obtained from the 2012-2013 annual reports of Flour Mills of
Nigerian Plc. was evaluated by computing specIed accounting ratios. The
researcher 's findings shows that the annually published financial statements
of organizations has lots of hidden facts and that quite a lot of Organizations
do not adequately make use of accounting ratios in Interpreting and Evaluating
operating efficiency. it further reveals that management efficiency can be
measured using accounting ratios analysis. The study recommends thai eveiy
organization located within an industry should adopt a unitary form of
evaluation so it could be easy to interpret their financial statements. It was
also advocated that evaluation of organizational performance should not be
limited to analyzing only the trend but also the cross-sectional analysis
should be put into consideration for the purpose of effective decision making
across firms. It should be ensured that these financial statements are prepared,
published and presented in such a way that all stakeholders who may not be
professionally inclined may be able to comprehend the true nature and make
informed decisions as to investment or divestment decision making processes.
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ADEBOYE, O (2021). Usefulness Of Accounting Ratios In The Interpretation Of Financial Statements And Evaluation Of Organizational Performance (A Study Of Flour Mills Of Nigeria Plc). Mouau.afribary.org: Retrieved Oct 31, 2024, from https://repository.mouau.edu.ng/work/view/usefulness-of-accounting-ratios-in-the-interpretation-of-financial-statements-and-evaluation-of-organizational-performance-a-study-of-flour-mills-of-nigeria-plc-7-2
OJAROTADE, ADEBOYE. "Usefulness Of Accounting Ratios In The Interpretation Of Financial Statements And Evaluation Of Organizational Performance (A Study Of Flour Mills Of Nigeria Plc)" Mouau.afribary.org. Mouau.afribary.org, 26 Nov. 2021, https://repository.mouau.edu.ng/work/view/usefulness-of-accounting-ratios-in-the-interpretation-of-financial-statements-and-evaluation-of-organizational-performance-a-study-of-flour-mills-of-nigeria-plc-7-2. Accessed 31 Oct. 2024.
OJAROTADE, ADEBOYE. "Usefulness Of Accounting Ratios In The Interpretation Of Financial Statements And Evaluation Of Organizational Performance (A Study Of Flour Mills Of Nigeria Plc)". Mouau.afribary.org, Mouau.afribary.org, 26 Nov. 2021. Web. 31 Oct. 2024. < https://repository.mouau.edu.ng/work/view/usefulness-of-accounting-ratios-in-the-interpretation-of-financial-statements-and-evaluation-of-organizational-performance-a-study-of-flour-mills-of-nigeria-plc-7-2 >.
OJAROTADE, ADEBOYE. "Usefulness Of Accounting Ratios In The Interpretation Of Financial Statements And Evaluation Of Organizational Performance (A Study Of Flour Mills Of Nigeria Plc)" Mouau.afribary.org (2021). Accessed 31 Oct. 2024. https://repository.mouau.edu.ng/work/view/usefulness-of-accounting-ratios-in-the-interpretation-of-financial-statements-and-evaluation-of-organizational-performance-a-study-of-flour-mills-of-nigeria-plc-7-2