Abstract
This work aimed at assessing the non- financial measures of performance of deposit money banks in Nigeria. The population of the study comprised the entire 21 banks listed on the Nigerian stock exchange as at December, 2013. The study employed expos - factor research design; data were collected from a sample of nine (9) deposits money banks. Content analysis method was employed, with the use of scoring and grading method. The study concluded that Nigerian deposit money banks (dmbs) disclose some part of non-financial measure of performance in their annual report, also the study found out deposit money banks disclosed voluntary information in their annual report. It was recommended that steps should be taken by the Federal Reporting Council Of Nigeria (FRCN), Securities Exchange Commission (SEC), Nigerian Stock Exchange (NSE) and other regulatory bodies to ensure full compliance with relevant international financial reporting standards/international accounting standards (IFRS/IAS) accounting disclosure requirements. And to make sure that Nigerian deposit money banks are disclosing financials and non-financial measures in their annual report for better decision making by their users. Lastly, given the importance of performance evaluation for managers, stockholders and investors, it is suggested that the Nigerian Stock Exchange (Nse) and the Central Bank Of Nigeria (CBN) should issue a policy guideline regarding the adoption of balance scorecard (BSC) as performance assessment technique for the nigerian deposit money banks. Key words: Non-financial, voluntary disclosure, performance, deposit money banks.
Highlights
Good corporate reporting plays an important role in helping to restore the trust and confident of owners of companies in the companies’ financial reports
Performance measurement systems play a vital role in developing strategy, evaluating the achievement of organizational
Inadequacies in financial performance measures have led to innovations in financial reporting ranging from disclosure of non-financial indicators of "intangible assets" and "intellectual capital" to "balanced scorecards" of integrated financial and non-financial measures
Summary
Good corporate reporting plays an important role in helping to restore the trust and confident of owners of companies in the companies’ financial reports. Companies and organisations need to communicate more vividly, openly and effectively with the owners on how the operations of their companies are going. On their part, stakeholders are demanding greater transparency in reporting strategy, higher return on their investment and vibrant turnover and competitive advantage. To monitor and ensure the achievement of the above demands of the organizational stakeholders, a performance measurement system needs to be devised. Performance measurement systems play a vital role in developing strategy, evaluating the achievement of organizational. Inadequacies in financial performance measures have led to innovations in financial reporting ranging from disclosure of non-financial indicators of "intangible assets" and "intellectual capital" to "balanced scorecards" of integrated financial and non-financial measures. Most banks and financial institutions are struggling to go further beyond the application of financial measures by integrating the non-financial measures
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