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A CRITICAL ANALYSIS OF THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF UNION BANK NIGERIA)



ABSTRACT

The study was carried out to analyse how organizations and other stakeholders can make use of accounting ratios to critically analyse financial statements to evaluate organizational performance, using Union bank as case study. Union Bank of Nigeria Plc.
     The analysis of financial disclosed that although investors and performance evaluation analysis reliced on financial statement in the decision and appraisal. The reliability of financial reports especially during inflation as in currently prevalent is not assured as a result of the historical cost convention as a basis for asset valuation; consequently, the use of these reports now in decision-making may lead to inadequate decisions.

TABLE OF CONTENT

TITLE PAGE
APPROVAL PAGE
DEDICATION
ACKNOLEDGEMENT
ABSTRAT
TABLE OF CONTENTS

CHAPTER ONE INTRODUCTION
STATEMENT OF THE PROBLEM
OBJECTIVE OF THE STUDY
RESEARCH QESTIONS
RESEARCH HYPOTHESIS
SIGNIFICANCE OF THE STUDY
SCOPE AND LIMITATION OF THE STUDY
DEFINITION OF TERMS

CHAPTER TWO
REVIEW OF RELATED UTERATURE

HISTORICA BACKGROUND OF UNION BANK OF NIGERIA PLC
THE NEED FOR FINANCIAL REPORTS
THE COMPOSITION OF THE FINANCIAL REPORTS
THE CHIAIRMANS REPORTS
THE DIRECTORS REPROT
THE AUDITORS REPORT
THE FINANCIAL STATEMENT

VARIOUS USERS OF FINANCIAL REPORTS AND THEIR
INFORMATION NEEDS          
SHAREHOLDERS
LONG-TERM CREDITORS
SHORT-TERM CREDITORS
TAX AUTHORITIES AND GOVERNMENT
EMPLOYEES AND TRADE UNIONS
MANAGEMENT
ANANLYSISADVISES
FINANCIAL REPORTING BY BANKS
INTRODUCTION
THE PRUDENTIAL GUIDELINES
PERFORMANCE EVALUATION IN THE BANKING
INDUSTRY
EFFICIENCY AND PROFITABLITY
POTENCIAL AND ACTUAL GROWTH
LOANS AND ADVANCES

CHAPTER THREE
RESEARCH DESIGN AND METHODOLOGY
RESEARCH DESIGN
SOURCES OF DATA
PRIMARY SOURCES
SECONDARY SOURCES
POPULATION OF THE STUDY
MATHOD OF DATA PRESENTATION

METHODS OF DATA ANALYSIS 

CHAPTER FOUR

DATA PRESENTATION AND ANALYSIS

DATA ANALYSIS TECHNIGUES

TEST OF HYPOTHESISI

CHAPTE FIVE
FINDINGS, RECOMMENDATIONS ANS CONCLUSIONS FINDINGS
RECOMMENDATIONS
CONCLUSION
BIBLIOGRAPHY
APPENDIX



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