ABSTRACT

This research project is centered on the topic "Evaluation of financial analysis as a basis for measuring corporate performance." A review of related literature was extensively made in Chapter Two of the work to cover the relevant aspects of the evaluation of financial analysis as a basis for measuring corporate performance. In this regard, the empirical studies carried out by others were collated to comprehensively address government internal auditing system. The population sample size of the study is 220, which is fully representative of the research population. The instruments used in data collection for the purpose of this study comprised the following: the questionnaire, personal interview, observations, textbooks, seminar papers, articles and the internet. Two of the findings made from the study are stated thus: (1) The usefulness of the analysis of financial statements has a significant effect on the decision making process of the users of financial statements. (2) The analysis of financial statements makes room for the summarization and interpretation of the financial positions of firm. In addition, two of the recommendations advanced for the purpose of improving corporate performance are noted as follows: (1) The Companies • and Allied Matters Act, 1990 as amended should be revised so that companies will be mandated to in corporate the analysis of their financial 4 statements in their annual reports so that users of financial information would be able to ascertain their true financial position. (2) Industry standard ratios should be established to guide companies in judging their operational performances.