Examining the cash flow statement relevance for measuring the business performance in Nigeria
Amadin Victor Idehen · Karen Akhator
International Journal of Research in Business and Social Science · 2021 · Vol. 10 / Issue 4 · 249-254
Publication metrics
External links open provider records or DOI searches. Provider counts are not combined. Mendeley readership measures saves, not citations.
Dimensions
Live provider badge. If unavailable, use the Dimensions link above.
Observed 21 Oct 2026, 07:22 UTC
Observed 21 Oct 2026 00:49 UTC
OpenAlex and Mendeley observations refresh on article visits, at most once per 24 hours. Unavailable data is not zero. Google Scholar opens a DOI search.
Citations received by this article, grouped by the year of the citing work. Crossref and OpenAlex lifetime totals remain separate in Publication metrics.
2017–2026 Annual history last updated:
Citations received
OpenAlex · year of the citing work
Hover over a year or focus the chart and use arrow keys to inspect values.
2017–2026 annual-history window. 2026 is year to date. Unknown years have gaps.
View data & coverage
2026 is incomplete. Within a successfully fetched ten-year window, omitted years mean zero. Years beyond a saved observation’s window remain unknown (—). Older citations are excluded, so this chart’s sum may differ from the OpenAlex lifetime total. The date above belongs to this annual history; an unsuccessful refresh keeps the previous observation.
Abstract
The study examined the relevance of the statement of cash flow in the measurement of Business performance. The methodology used is a review of relevant and extant literature, First Bank share prices from 2012 -2021 after which a conclusion was made. Statement of cash flow has been a subject of debate among scholars due to some limitations in the preparation of cash flow statements. It was revealed that First Bank share prices that rose from all-time low in 2015 and 2016 to a sudden upsurge in 2018 is a reflection that the share prices did not reflect the intrinsic value of the firm. The information in the financial statement was not adequate to guide the various stakeholders. Failure of First Bank to disclose Central Bank of Nigeria forbearances, amount to material misrepresentation and led to a bubble of the share prices. The quick pick-up of the share prices after the sacked of FBN management is evidence of some investors ' belief in the bubble share prices.
Keywords: {'name': 'Cash flow, Business, Performance, First Bank, CBN '}
Authors & affiliations
Amadin Victor Idehen
Affiliation not supplied
Karen Akhator
Affiliation not supplied
Deposited references
Supplied references, not a list of publications citing this article.
DOI: 10.5296/ijafr.v3i1.2994
DOI: 10.26595/eamr.2014.2.1.3
Arola , A. (2015). The cash flow statement under scrutiny. Doctoral Thesis: University of Tampere.
Ayanilo, S.D (2019). Manipulation of financial figures: implication for complex financial reporting; Nigerian perspectives. Benin City: Brainstar Acada.
DOI: 10.1002/9781118192481
DOI: 10.5296/jmr.v3i2.574
Bingilar, P.F.F., & Oyadonghan, K. J. (2014). Cash flows and corporate performance: A study of selected Food and Beverage companies in Nigeria. European Journal of Accounting, Auditing, Financial Research, 2(7), 77-89.
DOI: 10.2469/faj.v60.n2.2605
DOI: 10.1080/09638189700000005
Companies & Allied matters Act (CAMA) 2004 law of the federation of Nigeria 2004. https://lawnigeria.com
DOI: 10.1080/00014788.1984.9729197
Financial Accounting Standards Board (2014) ASC230 statement of cash flows. http://wwwiasplus.com
First Bank daily share prices. www.ngtradeonline.com
IASB(2016). IAS7. Statement of cash flows. http://eifrs.ifrs.org/eifrs/on standard/en/IAS7.pdf
IASB (2018) Conceptual framework for Financial Reporting.https://www. Ifrs .org/project/2018/conceptual framework/supporting material.
DOI: 10.1080/00014788.1995.9729934
Kaplan, R.S (1983). Measuring Manufacturing Performance: A new challenge for managerial accounting research. The Accounting Review, 58(4), 686-705.
DOI: 10.1080/00014788.1985.9729253
DOI: 10.1080/00014788.1985.9729252
DOI: 10.1016/j.accfor.2006.03.002
Proshare (2021). Of First Bank and Bad Debtors; A system’s Throbbing Headache. www proshareng.com
DOI: 10.1080/09638189700000006