Accounting and Financial System at Union Trust Bank Limited
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In the research study we have conducted the financial analysis of the Union Trust Bank. The Union Trust Bank Limited is one of the leading banks of the Sierra Leone. It started the business in April in the year 1995 by providing financial services in the rural areas of the country. The bank started its operations as the private limited liability company and is a single bank that is owned by the country Libraries including online databases were accessed to get the most relevant and updated literature. Some of the online databases that were used are: EBSCO, Emerald, Blackwell, etc. It can be concluded that the Union Trust Bank Ltd. is one of the leading banks in the Sierra Leone. It is the only bank in the country that offers financial service to the rural areas of the country. Being the private limited company, the bank is also extending loan to the businesses operating in the agricultural sector
Table of Contents
CHAPTER 1: INTRODUCTION8
Stakeholders of the bank9
Accounting Software in the bank10
Role of Accounting11
CHAPTER 2: FINANCIAL ACCOUNTING ANALYSIS13
Analysis of Balance Sheet13
Notes to Financial Statement15
Ethical Issues in Union Trust Bank Ltd16
CHAPTER 3: MANAGEMENT ACCOUNTING ANAYLSIS)18
CHAPTER 4: METHODOLOGY20
Inclusion and exclusion criteria23
Search terms - key terms23
Additional Online searches24
Critical Appraisal tool25
Reliability and validity25
CHAPTER 5: CONCLUSION28
CHAPTER 1: INTRODUCTION
The Union Trust Bank Limited is one of the leading banks of the Sierra Leone. It started the business in April in the year 1995 by providing financial services in the rural areas of the country. The bank started its operations as the private limited liability company and is a single bank that is owned by the country. At beginning, the bank was operating on the small scale and was providing limited financial services in the country. However, with the passage of time, the bank has increased in its size and operations. The Union Trust Bank Limited has the ownership of 45% of shares in Finance Salone as well that is the leading microfinance organization in the country. The objective of the bank is to promote the effective, reliable and long lasting financial institution that will help in exploring the valuable human resources within the country so that the national wealth of the country can be enhanced. Moreover, it is also the part of the bank's objective to make certain the development of the financial system within the country(Jafry & Schuermann, 2004, 2603).
The Union Trust Bank Ltd. is the only financial institution in the country that primarily ...