IMPACT OF PUBLISHED FINANCIAL STATEMENT ON INVESTMENT DECISION MAKING (A CASE STUDY OF FIRST BANK OF NIGERIA PLC, LAFIA)

ABSTRACT This research work focused on the effects of financial statement analysis on investment decision making in Deposit Money Banks. The main objective is to ascertain the Impact of Published Financial Statement on Investment Decision in First Bank Nigerian Plc, Lafia. The study used survey research design and a population of 50 respondents in which the sample size was drawn to 44 respondents using Taro Yamanes formula. The methods used in analyzing this study are simple percentage. After proper analysis using simple percentage the researcher discovered that Published Financial statements are useful for forecasting companys performance. By analyzing financial statements, investors can forecast a company's future performance and potential growth. Key financial ratios and trends derived from these statements help investors evaluate the company's profitability, liquidity, and overall financial strength, aiding in making informed investment choices, through this the study recommends that investment decision should not be on a vacuum or rule of thumb rather, the financial statement should be used as the bedrock and the volume of liabilities acquired by financial institutions should be minimal and invested wisely to avoid its negative effect on the profit of the bank which will discourage prospective investors. No investment decisions on a financial institution should be taken without the consideration of a companys financial statement