THE USE OF ACCOUNTING INFORMATION IN ANALYZING THE FINANCIAL POSITION OF A FIRM

The purpose of this work is to use accounting information in analyzing the financial position of a firm. The work w as written after a careful research and review of accounting information. The uses and users and its application in analyzing the financial position of a firm taking chemical and allied product (APPCC) as a case study. The researcher was inspired by the preponderance of business failure in the preponderance of business failure in the economy, most of these have been due to wrong analysis, interpretation and application of financial statement 5 that 5 the balance sheet and the profit and loss account, for the purpose of through coverage of the topic under discussion. This study comprises of five chapters. The first chapter dealt an introduction of the crucial issues. Chapter two covered a review of related literature on the subject and Chapter three is on research methodology used in the study both primary and secondary data collection. Chapter four focused on data presentation and analysis data were collected computed analyzed and presented using tables. Chapter five dealt with summary of findings, recommendation and conclusion on completion of this study among other things is that Chemical and Allied Product Plc should conjure to make use of toward ratios in analyzing the financial position of their firm and also make use of questionnaire