ABSTRACT
The use of financial statement in any business organization
cannot be over emphasized financial statements are needed by variety of
people for different purposes . for instance, the government needs the
financial books of a company for taxation purposes, the investors want
to know how profitable a company is and also the management of a company
will like to know the level of their performance: all these cannot be
known without the analysis of financial statements of the company or
companies involved.
The research work therefore, studies the usefulness of
financial statements in assessing the performance of companies and in
guiding investment decisions, in order to provide investors, management,
government and others what the company is worth.