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THE USEFULNESS OF FINANCIAL STATEMENT AS A GUIDE TO INVESTMENT DECISION MAKING A CASE STUDY OF ETERNITY LTD, SAPELE
ABSTRACT
It is a fact that the useful ness of financial statement cannot be over emphasized, thus, this study was under taking to highlighting the users and analysis the problem associated with the usefulness of financial statement.
For these objectives to be achieved, we undertook a marketing company called “Eternit Ltd Sapele” we also held an oral interview with some selected staff of the company. Our findings reveal that the major problem facing company knows what optimum level of financial statement to maintain at any given level of the business organization. In conclusion, a good financial statement does not necessary gurantive profile, so we recommended that proper operational policy should be done for them to be a correct estimation that will be required at all level of the business activities.
TABLE OF CONTENT
Title i
Approval ii
Dedication iii
Acknowledgement iv
Abstract vi
Table of contents vii
Chapter One – Introduction
1.1 Background of the study 1
1.2 Statement of problem 2
1.3 Objective of the study 2
1.4 Research Question 3
1.5 Significance of the study 4
1.6 Research Hypothesis 4
1.7 Limitation of the Study 5
1.8 Definition of Terms 5
Chapter Two – Literature review
2.1 Financial statement in perspective 7
2.2 Balance sheet 12
2.3 Profit and loss account 14
2.4 Other component of the published 14
2.5 Traditional appraisal techniques investment Selection Method 16
2.6 Types of investors and attitude to risk 24
2.7 Cash flow of DCF 27
Chapter Three – Research methodology
3.1 Research design 31
3.2 Population of the Study 31
3.3 Sampling and Sampling Size 31
3.4 Method of data collection 32
3.5 Reliability of the Research instrument 32
3.6 Validation of the Instrument 33
3.7 Data analysis 33
Chapter Four – Data Analysis and Interpretation
4.1 Data presentation 35
4.2 Hypothesis Testing 44
4.3 The Acceptability of Formulated 44
4.4 Discussion of findings 47
Chapter Five – Summary conclusion and recommendation
5.1 Summary or research findings 49
5.2 Conclusion 51
5.3 Recommendation 52
References 53
Appendix 1 54
CHAPTER ONE
INTRODUCTION
Background of the Study
Since the formulization of separation of management from ownership of public limited liability companies, there is the need for a formalized way of reporting to the owners of the business on how efficient has the management utilize the share the holders funds over a specified period hence the financial statement.
Financial statement is a combination of income statement and balance sheet of the reporting entity at a particular point in time. Having a financial statement prepared does not really tell how the business has fared in the recent time, but subjected of the result to the various analysis and interpretation.
An organization to start with generally needs the fulfillment of many requirement of law accounting to nation of origin.
In starting up a firm, the requirement needed is that the promote must need some laid down requirement i.e adequacy of capital number of the director and secretary, power of the company, the power of board of director and there must be documented registered the Corporate Affair Commission (CAC) in Abuja the requirement for operation apart from their normal expenses of day to day running of the business, the organization is expected to fill an annual return to the corporate affairs commission (CAC) time firstling after their six mount of commandment of business called statutory report of financial statement.
Statement of the problem
The second point of filling report sound: retesting i.e investing in public liability company via decision base on financial report of the company.
The investing company public sector invest in such company based on the report investing public who are individual even highly education individual sector patronized their accountant or management conduct or broken sacking to invest based on their report post performance rather on either that is why the researcher bases his hypothesis on financial statement.
A guide to investment decision has contributed to shape the structure of the economy.
Objective of the Study
If is cessation to identify the objective (or purpose) of financial statement is to determines.
To determine the usefulness of financial statement in guiding investment decision
To determine the relevant investment policies put into play by government and how they have aided investment decision
To know what information should be provide
To know how information should be presented
To make appropriate recommendation based on finding and conclusion
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