Select Currency
Translate this page


Format: MS WORD  |  Chapter: 1-5  |  Pages: 65  |  883 Users found this project useful  |  Price NGN3,000





A farmer, who plants corps, expects result, similarly to student who sits for examination expects results. The same 5 also true of an investor. For the farmer, the result might be communicated to him in the form of a bumper harvest. It result sheet or a report card would usually sufficed for a student. However, in the of an investor, the result is communicated through the financial reports. Financial reports are law to be prepared by every limited liability company; these limited liability companies abound in virtually all sector of the economy.

Every company shall cause accounting records to be kept. The accounting records shall be sufficient to show and explain the transactions of the company and shall be such as to disclose with reasonable accuracy, at anytime the financial position of the company. In the banking industry, financial reports are of great interest to the general public because the banks directly or indirectly interact with people. This public interest has caused companies (including banks) to accept social as well as economic, financial and legal responsibilities and has created a consequence, a growing need for the communication of information to account for the results which are of considerable interest a wide range of individuals and organizations. So, it becomes very imperative for reliable information to be circulated to interested parties which can enable them to acquire an essential knowledge of the way is which companies particularly the bank are performing in relation to the public interest. This fact is further educated by the recommendation of the working party set up in Britain by the Accounting standard committee in October 1974 under the chairmanship of Derek booth man which took a study of the scope and aims of publisher financial statements.


The committee recommended that: “The fundamental objectives of corporate report are to communicate economic measurement of the reporting entity useful to those having reasonable right to such information” It is not an over statement when one says that the banking industry is the flume on which the national   economy rotates. This mammoth, impact upon a country economy therefore makes it a public affair is everybody in the country has a right to know what such organizations are doing, more so all information, necessary to explain the organization’s activities fully should be provided in the annual reports.One of the most significant aspects of the information system of business enterprises in an economy is that which deals with the communicate of financial data, especially in describing business profitability and financial position. This information is important because it attempts to partial the economic resources of the enterprises and the financial results, which have been achieved by its management when those resources have been put to use. It attempts to reveal how effective management has been in resources utilization as well as the financial reward available to compensate for risk taken by various suppliers of capital.



The genuineness or other wise of financial reports has attracted diverse opinions from different quarters, such opinions can come from the general public, tax authorities, shareholders, creditors with long or short term interest, financial analyst and potential investors. They argue that the financial reports do not usually give an accurate data about the actionties of such business concerns, for example, the idea of stating assets at their historical cost do not favour most investors as they argue that inflation is not usually taken care of, though the real value of such assets might have been eroded. Again since the financial reports prepared by managements, the shareholders and others argue that there would usually be some elements of bi as on the part of management in the disclosure of management’s financial ineptitude. But in any case the management claims that some inherent problems would usually affect the accuracy of such reports. It is therefore the intention of this researcher to delve into the matter to enable him establish a relationship between financial reporting and performance evaluate in a bank.



Companies including those in the banking industry have had to face the onerous task of presenting a credible and generally acceptable financial statement in their annual reports, to the various people to whom they own such obligations. The purpose of the study is:

a.To determine the various financial reports used by banks.

b.To ascertain the problems of using financial reports to assess performance of banks.

c.To examine the use of historical cost convention adopted by banks in stating this balance sheet items on investors.

d.To determine of there’s a relationship between financial reporting and performance evaluation of a bank.

e.To offer recommendations and solutions on the best way financial reports could use in assessing bank performance.



a. What impact has financial reporting on bank performance with respect to the financial position of the bank?

b. How does financial statement assess the bank performance?

c.Does financial reports disclosed financial impetitude of bank mangers to the shareholders?

d.What are the problems associated in using financial reports to assess bank performance?

e.How do we know a reliable financial report?

f. Has financial statement of banks influence your investment decision?



Base on the statement of problem and objections of this research work the following general hypothesis are formulated:

Ho Investment decision, base entirely on the financial statement will not lead to poor and lazy decisions.

Hi Investment decision based entirely on the financial statements will lead to poor and lazy decisions.

Ho The efficiency of financial reports is great affected by inflationary trends in the economy.

Hi The efficiency of financial reports is not greatly affected by inflationary trends in the economy.

Ho Financial report are not a true in director of banks performance.

Hi financial reports are a true in director of banks performance.



The banking industry is a very important sector of the economy. This is because banks can determine the direction of growth or development of the economy trough the financial service rendered by banks. The financial services which includes, funds mobilization, safekeeping and custodianship, funds transfer, foreign exchange transaction equipment leasing, extension of loans and advances, investment in securities, bill discounting etc. Investment key sector of the national economy of which the banking industry is one becomes a goal-getters priority. Owing to this, it becomes necessary that financial reports presented by banks satisfy the need of the users of the reports. Specially, at the end of this study, we shall   have been able to establish:

1. Whether or not the financial reports affects investment in the banking industry.

2. Whether or not the annual financial report currently reflect the inflationary effects.

3. Whether or not banks follow rigid accounting practices.

The emphasis of this research is not to discuss the determinants of performance, but to establish a relationship between financial reporting and performance so that potential investors is in banking industry may clearly define the stand.



The aim of the study is to examine, the use of financial reporting in assessing banks performance, however it will be restricted to investigations carried out on union bank of Nigerian Plc.

To enable the research have a broad view, the study will not be based on one branch. A study of some selected branches of the bank will also be carried out.

But in any case, the following among others are the numerous constraint, while are envisaged;

LITERATURE:The dearth of related books and journals will no doubt affect the quality of the research.

TIME:The greatest employer of man, which is time was not in my favour through I manage it considering the time allocated to my studies, fellowship and the project.

FINANCE:The research work generally involves money but considering my stand as a student. I was limited by financial in achieving my gim of have a population rather I found my self in using sample size, even visit to my case of study.

RESPONSE RATE:The information to be analyzed in the study will be limited to those who would  respond voluntarily to the questionnaire.

PAUCITY OF INDUSTRY:  At the course of my research I come to release that many banks dose not have any form inter-relationships which make things difficult for me in using one set of information generated as touching planning and control in UBN to generalize issues.  That leads me into more research, which will continue even after this profit.



OUDITING:The objective examination of financial statements initially prepared by management by a third party other than the prepared or used with the goal of establishing the fairness of representations made therein and reporting on same a guides to interested users. 

ATTEST: To assume responsibility for the fairness and dependability for the fairness and dependability of financial statements. 

BANKRUPT: Inability of person to meet his liabilities as they mature.

FRAUD: Misrepresentation by a person to be untrue or made with reckless indifference as whether the fact in true with the intention of deceiving the other party and with the result that the other party is injured.

FINANCIAL STATEMENTS:  This covers balance sheets, income statement or profit and loss accounts notes and other statement and explanatory materials.

GOING CONCERN: Continuing in operation for the foresable future with the assumption that the enterprise has neither the intention nor the 

LIQUIDATION: Process of winding up of a company thereby brings to an end its corporate existence.

TRUE AND FAIR VIEW: The opinion of an auditor, which depicts compliance, will generally accepted accounting principles and full of fair disclose of facts.


Not What You Are Looking For?

For Quick Help Chat with Us Now!

+234 813 292 6373

+233 541 351 187

Here's what our amazing customers are saying

Emmanuel Essential
Kogi state University
I actually took the risk,you know first time stuff But i was suprised i received as requested. I love you guys 🌟 🌟 🌟 🌟
Very Good
Azeez Abiodun
Moshood Abiola polytechnic
I actually googled and saw about iproject master, copied the number and contacted them through WhatsApp to ask for the availability of the material and to my luck they have it. So there was a delay with the project due to the covid19 pandemic. I was really scared before making the payment cause I’ve been scammed twice, they attended so well to me and that made me trust the process and made the payment and provided them with proof, I got my material in less than 10minutes
Very Good
Gbadamosi Solomon Oluwabunmi
Swift delivery within 9 minutes of payment. Thank you project master
Ajayi Crowther University, Oyo
I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!
Ahmadu Bello University
I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!
Temitayo Ayodele
Obafemi Awolowo University
My friend told me about iprojectmaster website, I doubted her until I saw her download her full project instantly, I tried mine too and got it instantly, right now, am telling everyone in my school about, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work
Very Good
Stancy M
Abia State University, Uturu
I did not see my project topic on your website so I decided to call your customer care number, the attention I got was epic! I got help from the beginning to the end of my project in just 3 days, they even taught me how to defend my project and I got a 'B' at the end. Thank you so much iprojectmaster, infact, I owe my graduating well today to you guys...
Ibrahim Muhammad Muhammad
Usmanu danfodiyo university, sokoto
It's a site that give researcher student's to gain access work,easier,affordable and understandable. I appreciate the iproject master teams for making my project work fast and available .I will surely,recommend this site to my friends.thanks a lot..!
Dau Mohammed Kabiru
Kaduna State College of Education Gidan Waya
This is my first time..Your service is superb. But because I was pressed for time, I became jittery when I did not receive feedbackd. I will do more business with you and I will recommend you to my friends. Thank you.
Very Good
Joseph M. Yohanna
Thanks a lot, am really grateful and will surely tell my friends about your website.


  • Select 3 Project Topics of your choice from your Department.
  • Submit the 3 topics to your Supervisor for Approval.
  • Call Our Instant Help Desk on 0813-292-6373 and Get Your Complete Project Material Instantly.
  • All project materials on this website are well researched by professionals with high level of professionalism.


How do i choose a Project Topic?

Look for your department and select any topic of your choice

I have a fresh topic that is not on your website. How do I go about it?

How fast can i get a complete project from your website?

Within 15 minutes if the exact project topic is on our website

Is it a complete research project or just materials?

It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data

One of your topics suites my project, but the case study is different. What do i do?

Call Our Instant Help Desk Now: (+234) 813-292-6373 and you will be responded to immediately

How do i get my complete project?

Your Complete Project Material will be sent to your Email Address in Ms Word document format

Can I get my Complete Project through WhatsApp?

Yes! We can send your Complete Research Project to your WhatsApp Number

What if my Project Supervisor made some changes to a topic i picked from your website?

Call Our Instant Help Desk Now: (+234) 813-292-6373 and you will be responded to immediately

Do you assist students with Assignment and Project Proposal?

Yes! Call Our Instant Help Desk Now: (+234) 813-292-6373 and you will be responded to immediately

What if i do not have any project topic idea at all?

Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: (+234) 813-292-6373

How can i trust this site?

We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!