Financial Statement: A Tool for Evaluating Performance and Investment Decision of Companies

Financial Statement: A Tool for Evaluating Performance and Investment Decision of Companies

Financial Statement – Recent researchers have been shown that one of the main causes of indigenous business failure in this country is failure to maintain proper financial records.  Many business have been operated with merely a single entry memorandum record of transactions and others with no records whatever, except possible cheque stubs.  As a result, business decisions are based on guesses and intuition. Ola (1985). [Read more…]

Analysis of Financial Statements for Investment Decision

 Analysis of Financial Statements for Investment Decision

Analysis of Financial Statements  – Financial statement objectives are to provide information about the financial performance, position and stability of an establishment which is useful to wide range of users in making economic decision. The statement of principles emphasize the key characteristic of the information contained in the financial statement is that it should be useful. [Read more…]