A STUDY INTO INVESTORS RELIANCE ON FINANCIAL STATEMENTS ( A CASE STUDY OF UNION BANK, UYO BRANCH)
Financial statements are the basis tools in which investors rely for making informed decisions concerning an organization. This study seeks to analyze how investors rely on financial statements and the study also shows how financial statements can be interpreted to users of financial statements. Questionnaires were administered through which data were collected the secondary source were analysis using ratios. The research find out that the liquidity ratio of the bank was good which means the bank is highly liquid to meet it short term debts needs, the researcher recommendation amongst others was that investors at all level should at all times analyze and interpret financial statement before making investment decision that will affects the investors plans. Also that in the case of analysis and interpretation of financial statement, a qualified Accountant should handle it and communicates the results to the interest party.