Statement and Learning Skills
CHAPTER 1
INTRODUCTION
The topic and its context
The Business and financial performance of a company – the topic is an imperative exercise, in which end users of financial statement must embark on in order to effectively gratify the need of those statements.
One of the tools of analyzing financial situation is the application of ratio analysis side by side with other information significant to the company’s immediate sector (market conditions) and the economic environment in which the company operates.
Many business stakeholders have rather commented and are long demanding for corporate business organizations’ financial report in a way that would help make better decisions on investment, lending or continuing supplier’s relationship that would ensure early settlement by the firm. Whereas potential employees want his or her productive age spent in a secured and career driven environment.
Reasons for choosing the topic
In an ever changing business world where globalization is imperative, there is the need for users of financial statement to understand the dynamics of what is responsible for an organisation’s success or failure.
Most users believe that when a business is profitable and shows strong financial ratios, then that organisation is successful, but in contrast other factors also determine the true success of an organisation, which include but not limited to an organisation understanding its external environment and internal capabilities, identifying and assessing attractive opportunities.
As an accounting student, it has mostly been emphasized that financial performance analysis is a tool that answers most questions relating to the financial success or otherwise of an organisation.
Business performance on the other hand looks at all other non-financial indicators that indicate an organization is able to use all resources available to it efficiently.
Brief history of Nigeria carton and packaging company
The organization is one of the longest
INTRODUCTION
The topic and its context
The Business and financial performance of a company – the topic is an imperative exercise, in which end users of financial statement must embark on in order to effectively gratify the need of those statements.
One of the tools of analyzing financial situation is the application of ratio analysis side by side with other information significant to the company’s immediate sector (market conditions) and the economic environment in which the company operates.
Many business stakeholders have rather commented and are long demanding for corporate business organizations’ financial report in a way that would help make better decisions on investment, lending or continuing supplier’s relationship that would ensure early settlement by the firm. Whereas potential employees want his or her productive age spent in a secured and career driven environment.
Reasons for choosing the topic
In an ever changing business world where globalization is imperative, there is the need for users of financial statement to understand the dynamics of what is responsible for an organisation’s success or failure.
Most users believe that when a business is profitable and shows strong financial ratios, then that organisation is successful, but in contrast other factors also determine the true success of an organisation, which include but not limited to an organisation understanding its external environment and internal capabilities, identifying and assessing attractive opportunities.
As an accounting student, it has mostly been emphasized that financial performance analysis is a tool that answers most questions relating to the financial success or otherwise of an organisation.
Business performance on the other hand looks at all other non-financial indicators that indicate an organization is able to use all resources available to it efficiently.
Brief history of Nigeria carton and packaging company
The organization is one of the longest