Usefulness Of Financial Statement In Assessing The Performance Of Companies And In Guiding Investment Decision In Nigeria (A Study Of First Bank Plc.):- Uzoego, Onyebuchukwu J
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 usefulness of financial statement in investment decision
making. The study were based on survey and questionnaire 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 analyzing this study are simple
percentage and chi-square. We discovered from the test of hypotheses that
financial statement is relied upon investment decision making and financial
statements are useful for forecasting company’s performance. Conclusion 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.
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UZOEGO, J (2024). Usefulness Of Financial Statement In Assessing The Performance Of Companies And In Guiding Investment Decision In Nigeria (A Study Of First Bank Plc.):- Uzoego, Onyebuchukwu J. Mouau.afribary.org: Retrieved Oct 30, 2024, from https://repository.mouau.edu.ng/work/view/usefulness-of-financial-statement-in-assessing-the-performance-of-companies-and-in-guiding-investment-decision-in-nigeria-a-study-of-first-bank-plc-uzoego-onyebuchukwu-j-7-2
JAPHET, UZOEGO. "Usefulness Of Financial Statement In Assessing The Performance Of Companies And In Guiding Investment Decision In Nigeria (A Study Of First Bank Plc.):- Uzoego, Onyebuchukwu J" Mouau.afribary.org. Mouau.afribary.org, 06 Aug. 2024, https://repository.mouau.edu.ng/work/view/usefulness-of-financial-statement-in-assessing-the-performance-of-companies-and-in-guiding-investment-decision-in-nigeria-a-study-of-first-bank-plc-uzoego-onyebuchukwu-j-7-2. Accessed 30 Oct. 2024.
JAPHET, UZOEGO. "Usefulness Of Financial Statement In Assessing The Performance Of Companies And In Guiding Investment Decision In Nigeria (A Study Of First Bank Plc.):- Uzoego, Onyebuchukwu J". Mouau.afribary.org, Mouau.afribary.org, 06 Aug. 2024. Web. 30 Oct. 2024. < https://repository.mouau.edu.ng/work/view/usefulness-of-financial-statement-in-assessing-the-performance-of-companies-and-in-guiding-investment-decision-in-nigeria-a-study-of-first-bank-plc-uzoego-onyebuchukwu-j-7-2 >.
JAPHET, UZOEGO. "Usefulness Of Financial Statement In Assessing The Performance Of Companies And In Guiding Investment Decision In Nigeria (A Study Of First Bank Plc.):- Uzoego, Onyebuchukwu J" Mouau.afribary.org (2024). Accessed 30 Oct. 2024. https://repository.mouau.edu.ng/work/view/usefulness-of-financial-statement-in-assessing-the-performance-of-companies-and-in-guiding-investment-decision-in-nigeria-a-study-of-first-bank-plc-uzoego-onyebuchukwu-j-7-2