Effect of Published Financial Statement on Shareholders Title Page Investment Decision

 – Effect of Published Financial Statement on Shareholders Title Page Investment Decision –

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ABSTRACT

This research project was designed to examine “effects of Published on Shareholders Investment Decision” (A Study of Guinness Nigeria Plc).

The primary and secondary sources of data were adopted. Questionnaires were distributed by hand and ninety nine were returned.

Upon presentation and analysis of data, hypotheses were tested empirically using analysis of variance (ANOVA). The research revealed the following:

Investors do not analyze financial statement before making an . Published financial statement of a company does not show true and fair view.

Majority of the respondents agreed that information contained in the company’s annual report could be reliable for effective investment decision.

The researcher recommends that all should continue to publish their financial statement every year; hence it helps shareholders in making investment decision.

TABLE OF CONTENTS

Title Page – – – – – – – – i
Certification – – – – – – – – ii
Dedication – – – – – – – – iii
Acknowledgement – – – – – – – iv
Abstract – – – – – – – – v
Table of content – – – – – – – – vi

CHAPTER ONE

.0 Introduction – – – – – – 1
1.1 Background of the Study – – – – – 1
1.2 Statement of the Problem – – – – – 7
1.3 Purpose of the Study – – – – – 8
1.4 Research Questions – – – – – 9
1.5 Statement of the Hypothesis – – – – 10
1.6 Significance of the Study – – – – 10
1.7 Scope of the Study- – – – – – 11
1.8 Limitation of the Study – – – – – – – 11
1.9 Definition of Terms – – – – – 11

CHAPTER TWO

2.0 Review of Related Literature – – – – 13
2.1 Statutory Imperative of Published Account – – -15
2.2 Statement of Accounting Policies – – – 17
2.3 Profit and Loss Accounts – – – – 18
2.4 Balance Sheet – – – – – – 20
2.5 Note to Financial – – – – – – 21
2.6 Directors Report – – – – – – 21
2.7 Auditors Report – – – – – – 22
2.8 Statement of Source and Application of Fund – 23
2.9 The Value Added Statement – – – – 24
2.10 Importance of Financial Statement – – – 24
2.11 The Credibility of Published Financial Statement – 26
2.12 Information Source – – – – – – 27
2.13 Companies Financial Analysis – – – – 29
2.14 The Published Financial Statement of Guinness Nigeria Plc 32

CHAPTER THREE

3.0 Research Methodology – – – – – 36
3.1 Research Design – – – – – – 36
3.2 Sources of Data – – – – – – 37
3.3 Area of Study – — – – – – 37
3.4 Population of the Study – – – – – 37
3.5 Determination of sample size – – – – 38
3.6 Reliability of the Test Instrument – – – 38
3.7 Validity of the Research Instrument – – – – 39
3.8 Data Analysis Techniques – – – – 40

CHAPTER FOUR

4.0 Data Presentation Analysis and Interpretation- – – 42
4.1 Data Presentation – – – – – – 42
4.2 Analysis of Questionnaire Responses – – – – 42
4.3 Test of Hypothesis – – – – – 50

CHAPTER FIVE

5.0 Summary, Conclusion and Recommendation – 57
5.1 Summary of Findings – – – – – 57
5.2 Conclusion – – – – – – – 58
5.3 Recommendation – – – – – – 59
Bibliography – – – – – – 60
Appendix – – – – – – – 63

INTRODUCTION

Background of the Study

Each person like every business requires some measures of both in assessing his financial conditions. The financial position depicts one’s wealth at ascertain point in time while one’s financial performance describes once.

Financial statements according to Illoumezie (2006:33) are like compasses “which navigators use to locate their bearing and find direction”. People use them to gauge their financial positions at various points in their lives in order to judge their progress towards their financial goals.

Financial statements according to meigs and meigs (1981:28) refers to reports which summarize the financial position and operating results of a business (balance sheet and income statements).

It referred to as genera purpose that satisfy the need of many groups generally called stakeholders. These groups are particularly concerned with the risk inherent in and returns provided by their investments, and who require to enable their assess the ability whether they should buy, hold and sell their investments.

According to Anayaogu (2002:14) financial accounting provides information to eternal decision makes such as shareholders government, creditors, employees etc, these are people with whom or from whom money is ultimately paid or received.

Anayaogu (2002:20) also states that records of 2 financial accounting includes various ledges accounts, profits and loss accounts, balance sheet and other financial records. These records are intended to show the strength, progress, portability, management effectiveness and stewardship.

BIBLIOGRAPHY

Akanwa P.U. (2003). Principles of Management and Human Relations, Owerri: Global Press Limited.

Anderson et al (1987). Financial Report I and II a Revision Guide Theo Onwuka and Sons Publishers, Stadium Road. P.O. Box 876

Anambra State. Anyaogu C.M. (2003). Management Accounting a Functional Approach Owerri: Tonyben Publishers.

Berridan et al (1979). Research Method of Administration Science Port Harcourt Belt Publishers.

Bill O. Conner (1998). Financial Management: Graceland Press Nig Ltd. 22 Venn Road Worth Iva Court Road Onitsha.

Dyson I.R. (1994). Accounting for Non-Accounting Students 3rd Edition London Press.

Guinness: “Annual Report (2007) Guinness Nigeria Plc. Financial Year Statement Publication 2007”