A CRITICAL ANANLISIS OF THE USE OF FINANCIAL REPORT IN ASSESSING BANK PERFORMANCE. (A CASE STUDY UNION BANK OF NIGERIA PLC)

ABSTRACT
         The purpose of this study was to examine banks, on investments and performance appraisal. It was also to ascertain the problems of using financial reports to access performance of banks and finally to determine 17 there’s a relationship between financial reporting and performance evaluation of a bank.
   The inductive research method was adopted and the statistical analysts, particularly the chi-square and t-distribution test were used in the analysis of the data collected from the bank.
    The findings of the study were that: 1.Source financial statement contained in the financial reports influence investment remarkably in banks. 2.The annual reports do not reflect inflationary effects in the country today. 3.The financial reports were prepared adapting a general purpose nature with the assumption that different user as of the report have different information needs. The following conclusions were made:     Although investors and performance evaluation analyst relied on financial statement in their decisions and appraisal, the reliability of financial report especially during inflation cannot be assured owing to the historical cost convention used as a basis for asset valuation by banks. This is because; the profits of an accounting year would not usually show a true figure owing to the courage effect of inflation. Therefore, managerial decision of banks based entirely on financial reports will lend to poor and inadequate decisions.
   The recommendations and suggesting made were base wholly on the out come of the study, for example, on the problem inflation, it was recommended that the bank should adopt the current cost accounting basis for its financial reporting ensure credibility and reliability of information, by the various users, given the inflationary relatives.

TABLE OF CONTENT
TITLE PAGE APPROVAL PAGE DEDICATION ACKNOWLEDGEMENT ABSTRACT TABLE OF CONTENTS
CHAPTER ONE INTRODUCTION STATEMENT OF THE PROBLEM OBJECTIVE OF THE STUDY RESEARCH QUESTIONS RESEARCH HYPOTHESIS SIGNIFICANCE OF THE STUDY SCOPE AND LIMITATION OF THE STUDY DEFINITION OF TERMS

CHAPTER TWO REVIEW OF RELATED LITERATURE HISTORICAL BACKGROUND OF UNION BANK OF NIGERIA PLC THE NEED FOR FINANCIAL REPORTS THE COMPOSITION OF THE FINANCIAL REPORTS THE CHAIRMAN'S REPORTS THE DIRECTORS REPORT THE AUDITORS REPORT THE FINANCIAL STATEMENT 2.4     VARIOUS USERS OF FINANCIAL REPORTS AND THEIR INFORMATION NEEDS            2.4.1SHAREHOLDERS 2.4.2LONG-TERM CREDITORS 2.4.3SHORT-TERM CREDITORS 2.4.4TAX AUTHORITIES AND GOVERNMENT  2.4.5EMPLOYEES AND TRADE UNIONS 2.4.6MANAGEMENT 2.4.7ANALYSISADVISES 2.5    FINANCIAL REPORTING BY BANKS 2.5.1INTRODUCTION 2.5.2THE PRUDENTIAL GUIDELINES 2.6    PERFORMANCE EVALUATION IN THE BANKING INDUSTRY 2.6.1EFFICIENCY AND PROFITABILITY 2.6.2POTENTIAL AND ACTUAL GROWTH 2.6.3LOANS AND ADVANCES
CHAPTER THREE RESEARCH DESIGN AND METHODOLOGY RESEARCH DESIGN SOURCES OF DATA 3.2.1 PRIMARY SOURCES 3.2.2 SECONDARY SOURCES 3.3  POPULATION OF THE STUDY 3.4 METHOD OF DATA PRESENTATION 3.5 METHODS OF DATA ANALYSIS  

CHAPTER FOUR
DATA PRESENTATION AND ANALYSIS DATA ANALYSIS TECHNIQUES TEST OF HYPOTHESIS
CHAPTER FIVE FINDINGS, RECOMMENDATIONS ANS CONCLUSIONS FINDINGS RECOMMENDATIONS CONCLUSION BIBLIOGRAPHY APPENDIX