Analysis of Financial Reporting as a Source of Information (A Case Study of Guinness Nigeria Plc Lagos

TABLE OF CONTENTS

Title page

Dedication

Acknowledgement

Table of content

CHAPTER ONE

1.1     Introduction

1.2     Statement of the Problem

1.3     Purpose of the Study

1.4     Significance of the Study

1.5     Research Aims and Objectives

1.6     Scope of the Study

1.7     Definition of Terms

CHAPTER TWO

2.1         Literature Review

2.2         Constituent of Financial Reporting

2.3         Parties Interested in Financial Reporting

2.4         Types of Ratio

2.5         Significance of Financial Ratio

2.6         Limitation of Ratio Analysis

CHAPTER THREE

3.1         Research Methodology

3.2         Research Instrument and Techniques

3.3         Briefly Historical Background of Guinness Nigeria Plc

3.4         Research Design and Procedure

3.5         Selection of Population Sample

3.6         Questionnaire Design and Assumption

3.7         Conduct of the Field Work

3.8         Procedure for Data Analysis

CHAPTER FOUR

4.1         Data Presentation and Analysis

4.2         Application of Financial Ratio

4.3         Analysis Findings and Interpretation of Data

CHAPTER FIVE

5.1         Summary of Findings, Conclusion and Recommendation

5.2         Summary

5.3         Conclusion

5.4         Recommendation

References

CHAPTER ONE

1.1     INTRODUCTION

An accounting report consist of items that are contained in the annual report of a company. These reports are also termed “financial statement” these reports are necessary and compulsory in any business organizations and they show the true and firm position of such company at a given period of time. They are usually on annual basis and they provide information to the user of the report to give an informed judgment about a company. These analysis of financial report include:

(a)           The profit and loss account which shows the profit for a year before and after take and a profit to be retained

(b)           The balance sheet which shows the statement of asset and liabilities

(c)           Statement of sources and application of funds

(d)           Auditor’s report

(e)           Director’s report

(f)             A value added statement

The management cannot only direct the affairs of the company but also by the shareholders. And in order to measure the performance of a business entity, the management need this accounting report.

Statement can be prepared to indicate either the historical result of these transactions or the financial conclusion of the business and interpreting the result therefore to the interested parties”

Public company as it will be used throughout this study refers to as public limited liabilities whose shares are quoted in the stock exchange market, various groups such as owners, creditors, managers, government agencies, employees etc. are interested in the ability of the company to pay its debt as at when due and to earn a reasonable amount of income. These ideal concepts or objectives of a company are referred to as factors of solvency and profitability. A company which fails to meet the standard expected of it by its creditors in a timely basis is likely to experience difficulties in obtaining credit which eventually lead to deadline in its profitability. Similarly, a company whose earning is lower than those of its competitors is likely to beat a disadvantage in obtaining new capital from stock holders. Therefore, accounting reports are of great importance to any company.