EFFECT OF PUBLISHED FINANCIAL STATEMENT ON SHAREHOLDERS INVESTMENT DECISION (A STUDY OF GUINNESS NIGERIA BREWERIES LAGOS)

Ignatius Asuwe 76 PAGES (12511 WORDS) Project
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ABSTRACT This research project was designed to examine “effects of Published Financial Statement 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 investment decision. 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  public  limited  enterprise  should  continue  to  publish  their  financial statement  every  year;  hence  it  helps  shareholders  in  making  investment decision.                     

7  TABLE OF CONTENTS 

 Title Page     -  -  -  -  -  -  -  -  i

 Certification   -  -  -  -  -  -  -  -  ii

 Dedication     -  -  -  -  -  -  -  -  iii 

Acknowledgement   -  -  -  -  -  -  -  iv 

Abstract     -  -  -  -  -  -  -  -  v  

 Table  of content  -  -  -  -  -  -  -  -          vi 

 CHAPTER ONE  1.0  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

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APA

Ignatius, A (2020). EFFECT OF PUBLISHED FINANCIAL STATEMENT ON SHAREHOLDERS INVESTMENT DECISION (A STUDY OF GUINNESS NIGERIA BREWERIES LAGOS). Afribary.com: Retrieved January 19, 2021, from https://afribary.com/works/effect-of-published-financial-statement-on-shareholder-investment-decision

MLA 8th

Asuwe, Ignatius. "EFFECT OF PUBLISHED FINANCIAL STATEMENT ON SHAREHOLDERS INVESTMENT DECISION (A STUDY OF GUINNESS NIGERIA BREWERIES LAGOS)" Afribary.com. Afribary.com, 01 Jul. 2020, https://afribary.com/works/effect-of-published-financial-statement-on-shareholder-investment-decision . Accessed 19 Jan. 2021.

MLA7

Asuwe, Ignatius. "EFFECT OF PUBLISHED FINANCIAL STATEMENT ON SHAREHOLDERS INVESTMENT DECISION (A STUDY OF GUINNESS NIGERIA BREWERIES LAGOS)". Afribary.com, Afribary.com, 01 Jul. 2020. Web. 19 Jan. 2021. < https://afribary.com/works/effect-of-published-financial-statement-on-shareholder-investment-decision >.

Chicago

Asuwe, Ignatius. "EFFECT OF PUBLISHED FINANCIAL STATEMENT ON SHAREHOLDERS INVESTMENT DECISION (A STUDY OF GUINNESS NIGERIA BREWERIES LAGOS)" Afribary.com (2020). Accessed January 19, 2021. https://afribary.com/works/effect-of-published-financial-statement-on-shareholder-investment-decision