IMPACT OF FINANCIAL STATEMENT ANALYSIS AS A MEANS OF EVALUATING THE COMPANY PERFORMANCES (A STUDY OF NIGERIAN BOTTLING COMPANY PLC MAIDUGURI PLANT)

It is a well-known thing around the world that owners of businesses are different from those managing it and stakeholders place heavy reliance on financial accounting report provided for their decision making. The objective of the study is to access the use of financial statement analysis as a means of evaluating company performance. However, the study questions the effect of Profit and Loss and statement of financial position on financial performance. The study relied extensively on primary source and questionnaire was specifically used to collect data. Anova was the statistics used to test hypothesis. The findings revealed that profit and loss account has significant effect on financial performance. Again, the findings also revealed that statement of financial position has significant effect on financial performance. Financial statement report is a veritable document through which the status and performance of a business organization could be evaluated. For stakeholder`s confidence to be restored and sustained for the growth of the business organization, care must be exercised to ensure that the financial statement report furnishes them with the required information they need.