The use of
financial statement in any business organization cannot be over emphasized,
financial statements are needed by variety of people for different purposes.
the government needs the financial books (reports) of a company for taxation
purposes, the investors want to know how profitable a company is and will be
able if the management of the company will like to know the level of their
performance, all these cannot be known without the analysis of financial
statement of the company or companies involved.
work therefore forecast on the usefulness of financial statements in assessing the
performance of companies and guiding investment decisions, in order to provide
investors, management, government and others what the company is worth.
sources of data which are, primary and secondary data which led to the
discussion of findings, conclusions and recommendation of the research topic.