evaluate qualitative understanding of appraisal statement which serve as a
guild line for making vital decision by the management.
evaluate the extent of management decision depending on the appraisal
recommend and rectify some weakness in the prevailing attitude toward the use of appraisal statement for
OF THE STUDY
in the past revealed that many organizations have neither focused nor made the
expected profit because of decision based on inaccuracy, rule of thumb and
malfunction for management (Shapiro 1978).
accountants are now showing an increasing interest in understanding the
relationship between financial statement, which is also the appraisal statement
and decision-making in business (Thibhover, 1973). This research will therefore
determine the bearing of appraisal in managerial decision-making in a
manufacturing sector. The appraisal statement will help the users to take
decision as regards investment and this enable business enterprise to expands.
research methodology showed details, the data that were used which are; Primary
and Secondary Data and under Primary data we have: Observation, Questionnaire,
Interview, Experiment while in Secondary data we have: Journals, Media, Text
books, Internet and current annual report.
Research project work is “how effective or useful is
the consultation of a appraisal statement when management decision are being
made in the management sector”.
this research work we will be able to deduce the importance of appraisal
statement in making decision or if it not necessary to consult it.
1.7 SCOPE OF THE STUDY
International Tobacco Company Plc, Ilorin
is the case study of the project work. The research covers the 2009 annual
reports, which consist of the following.
Profit and loss account income statement
and application of funds
years financial summary
Financial statement for 2009 only being the year
ended. There is no limitation because all the information needed was gathered
through all the assistance of Mr. Ojo (accountant).
only constraints is that the year 2010 annual result in not yet published which
would have been used as a useful statement together with other gathered
1.8 ORGANIZATIONS AND PLAN OF THE STUDY
The project will contain five (5)
chapters. Chapter one include the background of the study which followed by
statement of the problems and significant of the study. It will be ended with
definition of some term.
second chapter is about the literature review in which the topic of the project
will be examined and discuss. Here, view of different author will be extracted
from their various literatures.
three talks about the research methodology and type of data collection to be
used. The historical of the case study included in this chapter and the
organizational chart as well.
chapter four reviews the responses to research questions and financial control
system including the interpretation of the finding.
chapter five contain the summary of the above chapter conclusion, necessary
recommendation, bibliography and questionnaire.
AUDITOR: Therefore an auditor is an individual to whom the receipt
and payment of an organization were read. He is also an expert assigned with
the power to establish an opinion as the tine and fair view of the financial
statement of the company.
BALANCE SHEET: This is the summary of all assets and liabilities of a
CREDITOR: A person whose money is owned.
DEBTOR: A person indebted
to another the debt usually in money.