assessment of financial statement in decision making is of great important in
any organization the coca cola in ilorin.
Assessment and statement in decision making.
the prominent of financial and other decision making cannot be over emphasized
most especially in coca cola depot.
one contain the historical background of the coca cola which happen to be the
mother of companies.
two contain literature review, the introduction, the concept of the study and
source of the study .
three contain research methodology, research design, source of data and the
four contain the data analysis and interpretation.
five contain the summary, conclusion and recommendation.
Table of content
background of the study
statement of the study
significance of the study
scope of the study
limitation of the study
plan of the study
definition of terms
TWO: LITERATURE REVIEW
financial statement and decision making
importance of book-keeping and financial
statement for management
purpose of financial statement to
financial statement and planning
financial statement and control
financial statement as an aid to
interpretation of company annual report
CHAPTER THREE: RESEARCH
historical background of Nigeria
research design in assessing financial
statement in decision making.
Population study in assessing financial statement
in decision making
Sample and sampling techniques in
assessing financial statement in decision making
Data collection instruments
Method of data collection
Method of data analysis in assessing
financial statement in decision making
Limitation of the methodology
CHAPTER FOUR: PRESENTATION,
ANALYSIS AND INTERPRETATION
data presentation and interpretation
testing of the hypothesis
FIVE: SUMMARY, CONCLUSION AND RECOMMENDATION
a brief introduction of the chapters
summary of the whole study
summary of the findings
suggestion for further study
1.1 BACKGROUND OF THE STUDY
statement has been defined by the statement of accounting standard no. 2 (sas
2) as the means of communicating to interested parties, information on the
resources obligation and performance of the reporting entity or enterprises
financial statement therefore, are statement of statement of summarized
transaction of a business organization, prepared and presented basically for a
time period for various decision making situation by a variety of users.
to SAS no 1 financial statement are
on conversion derived from experience. The conversion originated from such
concepts as entity, going concern, periodicity, realization, matching,
consistency and historical cost. The purpose of this statement is not evolve a
basic theory of accounting but to identify some of these concepts wh1ich are
generally accepted. Finance statement are there generally accepted. Financial
statements are there fore expected to be simple, clear and easy to understand
by all users. The publisher financial statement are prepared inform of reports.
many people think of financial statement as statement highly technical
documents which can be understood by those with accounting knowledge financial
statement provide information needed as a basis for making business decision
that will enable management to guide the company on a profitable and solvent
statement consist of balance sheet profit account and loss account, notes to
the account cash flow statement, value added statement and historical financial
making is normally derived as a choice. Between at least alternatives courses
of action. If a choice does not have to be made to solve problem. An
individuals is not actually involved in a decision are influenced by a
combination of objective and factors. In most situations, it is possible to
analyze some of the consequences of alternative action in decision. Financial
statements of provide a means for such quantitative analysis. Users of
financial statement include investors, potential employer, potential director,
and rvenue and regulatory, authorities (sas1).
need information about business organization in making business decision but
have neither direct access to the reporting organization records legislature
power to them in special manner.
of the company therefore, met the needs of these users preparing general
financial statement covering the result of business activities and the economic
resources entrusted to them and obligation incurred by entrusted to them and
obligation by them.
1.2 STATEMENT OF THE PROBLEM
was unfortunate, that the management of the business organization and some
other users of financial statement do not use them when making vital business
1.3 OBJECTIVES OF THE STUDY
main objectives of this project is to collect information and understanding of
the use of information, the financial statement provided on the affair of a
company (i.e coca cola bottling company, ilorin) and server as an aid to the
management decision making. Much emphasis is going to the laid on the
interpretation of accounting figure rather than the process of data
accumulation and statement preparation. Nevertheless, for read approach and
professionals in accounting sector who wish to give an understanding of how
accounting serves as an aid to management decision making which goes beyond the
narrow professional approach found in day of fay running of organization.
Therefore, the study will critically examine the extent to which financial
statements decision making. It which show the principles that will guide the
financial management accounts of coca cola company in preparing their financial
statement for management consumption. The study will pinpoint some weakness
that need retredy and financial statement should be related upon to be used as
to planning, policy and control in an organization. It will provide the ways of
measuring pass operations, regulating performance and future estimate.
1.4 SIGNIFICANCE OF THE STUDY
Serving as a future for further research
in demonstration that an assessment of financial statement is decision making
will be beneficial.
An effective tool in assessing financial
statement will be beneficial to other organization
Educating people that without an
assessment of financial statement a good decision will not be made.
1.5 RESEARCH HYPOTHESIS
under listed hypothesis are raised and ested in the later chapter.
1is in order to determine how the adoption of financial statement could serve
as a guide for decision maker towards the effective and efficient management
principles and accounting procedures and the integrating forces towards the
effective realization of company’s objectives.
provided by financial statements is prominent feature, which has a significance
effect on the management of resources. A significant relationship exist between
financial statement information and prompt efficient decision making by
executive. Analysed information generated from financial statements are
necessary indicative of performance of the company operating statements tend to
depend more on accounting information then non account information.
1.6 SCOPE OF THE STUDY
scope of the study is to highlight the assessment of financial statement in
decision making with the particular reference to the coca cola bottling company
Therefore the geographical limit is intended to be only at Ilorin branch, so the study will be confirmed
to a particular section of the company namely the management and the accounting
sections. The categories of staff covered are managerial, supervisory and
information collected is defined as communication in oral, graphic or written
form. Due to large bias associated with oral, with written or graph
communication. It is hope that the study will serve as a good supplement to the
contribution made by various authors of financial statement as an aid to
management decision making.
1.7 LIMITATION OF THE STUDY
of the limitation or problems faced by the researcher including these listed
duration of time upon the limit for should be complete short i.e the time limit
for the completion and submission of the project is short but researcher was
also to collect credible data needed for the completion of the completion of
the work. Hindrance in data collection: this was due to the fact that giving
out information ownening their ways of assessing financial decision making coca
cola bottling company was not easily give out by the employees. Finally the
fund that was available to the researcher was insufficient as there was need to
travel between one place to another, transportation cost was too exorbitant but
the researcher was able to source for limitation.
1.8 SCOPE OF STUDY
THE RESEARCH WORK TAKES THE
one contain introduction to the topic of the project work, which includes the
problems of the study, purpose/objectives of the study, significance of the
study, research hypothesis, scope of the study, limitation of the study, plan
of the study, definition of terms.
two embodied literature review introduction what is financial statement,
financial statement and decision making introduction, importance of book
keeping and financial statement and planning, financial statement and control,
financial statement as an aid to measuring performance, interpretation of
company annual report ratio analysis.
three deals with research methodology historical background if Nigeria bottling
company, research design in assessing financial statement in decision making,
population study in assessing financial statement in decision making, sample
and sampling techniques in assessing financial statement in decision making,
data collection instruments, method of data collection, method of data
1analysis in assessing financial statement in decision making, limitation of
four examines data presentation analysis and interpretation, testing of the
five examines, testing of the hypothesis recommendations, appendix, conclusion
and recommendations, appendix, reference.
1.9 DEFINITION OF TERM
statement: this 1is a document reporting business
financial performance and resources.
Keeping: is the actual systematic recording of daily
transaction in the appropriate book. It is an integral part of accounting.
Investors: investors (individual or firm) who make investor,
decisions primarily based on the prospect for financial gain, financial
investors tend to sued financial skills and methods to increase returns and
bank: an institution which accepts deposit makes business
loans and offer related service.
a person on organization which extends credit to others.
an act of formulating a program for a definite course of action.
an of evaluate the performance with standard set by the organization.