Abstract
This study intended to investigate the usefulness of financial statement in assessing the performance of companies and in guiding investment decision. The study questions were to examine how financials aid investors in decision making, evaluate the performance of a company for investment decision making, and appraise the fundamental use of financial statement information. The area of study was Onitsha aluminum company, Anambra State. In summary, the approach and research methodologies involved; desk study to review current literatures; pilot study and the actual field research study. Data analysis was conducted on the basis of data collected. The findings show that financial statement are critical in investment decision making. Investors are confident with financials statement. Majority of the respondents appeared to be knowledgeable with financial variables specifically, the gearing ratios, liquidity ratios and profitability ratios. Conclusion was based on findings that investor need to get proper interpretations of financial reports, making consultations and get other none financial information in investment decision making. The study recommends; both females and males must be included in any study, need to use informed sample, encourage usage of financials in investment decision making, need for Onitsha Aluminum Company to fully apply the IFRS principles in the preparation of its financials and investors to seek consultancy services in the use of financial reports to make investment decisions.
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