THE EFFECT OF DEPRECIATION ON INCOME STATEMENT REPORTING

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THE EFFECT OF DEPRECIATION ON INCOME STATEMENT REPORTING (A STUDY OF UNITED BANK FOR AFRICA, UBA PLC ENUGU BRANCH)

 

ABSTRACT

In this research work titled the effect of depreciation on the income statement of with particular reference to United bank for Africa (UBA) Plc. The researcher examined the effect of depreciation on net income of United bank for Africa (UBA) Plc. Ascertained the correlation between depreciation and total asset of United bank for Africa (UBA) Plc. Evaluated the effects of depreciation on the profitability of United bank for Africa (UBA) Plc. Ascertained the relationship between depreciation and return on asset of United bank for Africa (UBA) Plc. Data for the study was sourced from Secondary sources of data Collection. Which includes; Journals, and other relevant materials relating to the area of my investigation will be review and annual reports of United bank for Africa. Extensive literature review was carried out on the direct literature and indirect literature on books, journals and past works. The variables used in this study are; Depreciation, Net Income, Total Asset and Return on asset. The researcher made use of Statistical Package for Social Sciences (SPSS) in analyzing the data collected from the annual reports and account of the bank. At the end the researcher found out that Depreciation affects income statement reporting of UBA, Enugu to a large extent. It was also observed that depreciation affects the earning per share of UBA, Enugu. The researcher equally discovered that there is significant relationship between depreciation and return of equity of UBA, Enugu. The researcher observed that depreciation affects the return on investment of UBA, Enugu to a greate extent. Based on the findings the researcher recommends that Organizations should endeavour to maintain their professional codes of conduct and ethical considerations as it enhances the activities of internal auditor thereby eliminating audit expectation gap. There should be audit education among the stakeholders of diverse organizations. This is to ensure that these stakeholders are enlightened on the happenings in the organizations especially as regards to auditing. The advice of auditors should always be taken into consideration in managerial decision making.

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THE EFFECT OF DEPRECIATION ON INCOME STATEMENT REPORTING (A STUDY OF UNITED BANK FOR AFRICA, UBA PLC ENUGU BRANCH)

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