Evaluating corporate financial performance using accounting ratio: a study of first bank of Nigeria, Abakaliki, Ebonyi state Department: Accountancy By: opc123 Project ID: 541 Rating: (2.9) votes: 18Rate this project12345 Price:₦3000 Get the Complete MaterialAbstractThis study focuses on evaluating corporate financial performance using accounting ratios (a case study of First Bank of Nigeria plc Abakaliki, Ebonyi State). Data were collected for the study using questionnaire. The data collected were analyzed,tabulated and presented, using percentages. The hypothesis were tested using Chi-Square at a0.05 significant level and population N 40 individuals including the managers and staff of First Bank of Nigeria plc. The sample size n 36, was determined by systematic random sampling. The Z values were calculated and the result compared with the critical z value accepting the hypothesis if calculated z values= the critical z values and vice versa. Base on the hypothesis testing calculated, the null hypothesis was rejected while the alternative hypothesis was accepted meaning that the users of financial statements use accounting ratios in evaluating company’s performance. The major findings made in the course of this study includes that accounting ratio is an effective tool in evaluating corporate financial performance of First Bank PLC. Other findings are that accounting ratios have positive impact on decision making of the staff and management of First Bank plc. In recommendation, bank and other companies should make judicious use of this in order to evaluate their financial performance and also make effective decision. Keywords: Accounting ratio, Corporate Financial Performance, Company Evaluation...Preview Download Preview +Other Accountancy project topics and materials you might be interested in»The Impact of Accounting Ratio in Decision Making ( A Case Study of Nigeria Breweries Plc Enugu) »The impact of budget and budgetary control in tertiary institutions ( A Case study of imo state university )»Internal control as a tool for improving profitability»The role of financial institutions in the development of Nigeria economy»Impact of computerization of accounting system of commercial banks ( A case study of union bank plc )»The Impact of product development on banks performance ( A Case study of first bank plc )»Role of good accounting system in the management of private enterprise in Nigeria ( A Case Study of Nwaogo pam paper mills limited )»Effects of standard costing on the profitability of manufacturing companies (a case study of nigerian breweries plc, Ama, Udi local government of Enugu state) »The role of accounting system in measuring organizational performance of transport company ( A Case study of ABC Transport )»Auditing in Nigeria companies, problems and prospects»The effects of computerized accounting system on the performance of banking industry in Nigeria»Effective internal control as an aid to management efficiency ( Case Study of Nigeria Bottling Company Owerri )»Effect of misrepresentation of information in a financial statement»The impact of development finance institutions (DFIS) in economic development of Nigeria»An appraisal of fraud prevention measures in Nigerian banking sector ( Case study of access bank plc owerri )