Examination and Evaluation of Nigerian Banks Financial Statement Reporting System

摘要

The paper addresses the issue of examination and evaluation of Nigerian banks financial statement reporting system with a view to finding out the correct method of reporting. Primary and secondary sources of data were used for the study. The sample size was restricted to selected staff of Nigerian Banks through random sampling. Research questions were formulated which assisted in carrying out study the study while data collected was analyzed using simple percentages. The findings of the study revealed that, Nigerian banks have been reporting financial statements by applying historical cost method without reflecting the effect of inflation. The paper recommended that, measurement of banks income and the replacement cost of assets during inflationary periods should be considered and adopted in reporting financial statements by Nigerian Banks.