An assessment of the role of financial statements on investment decision making - case of First Bank of Nigeria plc, Jalingo branch Department: Accountancy By: SIRJOSEPH Project ID: 8552 Rating: (5.0) votes: 1Rate this project12345 Price:₦4000 Get the Complete MaterialAbstractThis study analyzes the role of financial statements in investment decision making: a case of First Bank Plc. in Nigeria. The general objective is to ascertain the role of financial statement in investment decision making in First Bank Plc Jalingo Branch. An export Factor research design was adopted. The study used the secondary data from six years financial statements of the bank. Ordinary least squares (OLS) regression method of analysis, was adopted to test the hypotheses. Evidence from regression analysis clearly indicates that all the parameter estimates of the regression equation obtained revealed that the transparency of financial statements of the bank has a significant influence on the investment decision making of the users of financial statements. The results further reveal that one of the primary responsibilities of management to the investors is to give a standardized financial statement, evaluated and authenticated by a qualified auditor or financial experts. It also showed that investors do understand the financial statement well before making investment. The results of the analysis also indicated that investors depend heavily on the credibility of auditors/financial expert approval of financial statements in making investment decisions, and as such, published financial statements is very important in the investors’ decision making. Based on the findings, the study concludes that profitability, assets, liabilities and equities of banks are significant ways of evaluating the performance of a bank report on investment decision making. Based on the conclusion the study recommended that adequate care and due diligence should be maintained in the preparation of financial statements to avoid faulty investment decisions, which could lead to loss of funds and possible litigations. The study offered other proper recommendations emanating from the findings....Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Auditing in Nigeria companies, problems and prospects»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»Effect of misrepresentation of information in a financial statement»The effects of computerized accounting system on the performance of banking industry in Nigeria»The impact of development finance institutions (DFIS) in economic development of Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )