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Product Category: Projects
Product Code: 00001166
No of Pages: 58
No of Chapters: 5
File Format: Microsoft Word
Price :
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TABLE OF CONTENTS
Title Page
Certification
Dedication
Acknowledgements
Table of content
CHAPTER ONE
1.1 Background
of the study
1.2
Statement
of the Study
1.3
Purpose
of the Study
1.4
Significance
of the Study
1.5
Research
Methodology
1.6
Research
Question
1.7
Scope
of the Study
1.8
Organization
and Plan of the Study
1.9 Definition of Term
CHAPTER TWO: LITERATURE REVIEW
2.1
Types
of Financial Statement
2.2
Information
to be disclosed in Financial Statement
2.3
The
roles of Financial Statement in decision making
2.4
Problems
of the use of Financial Statement
2.5
Methods
of Analyzing Financial Statement
2.6
Interpretation
of Financial Statement
2.7
Uses
of Financial Statement
References
CHAPTER THREE: RESEARCH METHODOLOGY
3.1
Research
Design
3.2
Population
of the Study
3.3
Sampling
size and Sampling Method
3.4
Research
Instrument
3.5
Source
of Data
3.6
Statistical
Techniques for Data Analysis
3.7
Historical
Background of International Tobacco Company Plc
3.8 Organization Chart
CHAPTER FOUR: STATISTICAL ANALYSIS
4.1
Introduction
4.2
Analysis
of responses to Research Questions
4.3
Financial
Control System
4.4 Interpretation of the Findings
CHAPTER FIVE: SUMMARY, RECOMMENDATION AND CONCLUSION
5.1
Summary
5.2
Conclusion
5.3
Recommendation
Questionnaires
Bibliography
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND
OF THE STUDY
Appraisal
statement has been defined by the statement of accounting standard No: 2 (SAS
2) as the means of communication to invested party’s information on the
resources, obligation and performance of the reporting entity or enterprises.
Financial
statement therefore are statement of summarizing transaction of a business,
prepared and presented basically for a time period for various decision making
situation by variety of users.
The
purpose of this statement is not to evolve a basic theory of accounting but to
identify some of this concept, which are generally accepted. Appraisal
statements are therefore expected to be clear and easy to understand by users.
An
appraisal statement consist of balance sheet, profit and loss account, note to
the accounts source and application of fund statement, value added statement
and historical financial summary users of appraisal statement include investors,
creditors, employees and revenue regulatory authorities (SAS 1).
1.2 STATEMENT
OF THE PROBLEM
Unfortunately,
the management of business organization and some other users of the appraisal
statement lack the qualitative understanding of the impact of appraising
financial statement and consulting it when decision have been made. This
research work will take an in-depth into this.
1.3 PURPOSE
OF THE STUDY
The
main purpose of this study or research work as to assess the extent of usage of
appraisal statement an a basis for managerial decision making in a
manufacturing sector.
The
main problem encountered by companies in recent time as their inability to
plan, organizes and effectively uses of appraisal information and resources to
achieve the goals of wealth maximization.
This
research work is undertaken to evaluate how appraisal statement can be use as a
tool for guiding the process of decision-making in a manufacturing sector
1.
To
evaluate qualitative understanding of appraisal statement which serve as a
guild line for making vital decision by the management.
2.
To
evaluate the extent of management decision depending on the appraisal
statement.
3.
To
recommend and rectify some weakness in the prevailing attitude toward the use of appraisal statement for
decision-making purpose.
1.4 SIGNIFICANT
OF THE STUDY
Studies
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).
However,
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.
1.5 RESEARCH
METHODOLOGY
The
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.
1.6 RESEARCH
QUESTIION
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”.
From
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
The
International Tobacco Company Plc,
1.
The
balance sheet
2.
The
Profit and loss account income statement
3.
Sources
and application of funds
4.
Note
to accounts
5.
Value
added statement
6.
5
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).
The
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
information
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.
The
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.
Chapter
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.
Furthermore,
chapter four reviews the responses to research questions and financial control
system including the interpretation of the finding.
Lastly,
chapter five contain the summary of the above chapter conclusion, necessary
recommendation, bibliography and questionnaire.
1.9 DEFINITION
OF TERMS
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
company.
CREDITOR: A person whose money is owned.
DEBTOR: A person indebted to another the debt usually in money.
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