ABSTRACT Financial statement is generally explained as financial information which is the informationrelating to financial position of any firm in a capsule form. Financial statements are whatthe potential and existing investors in the global world rely upon in taking investmentdecisions. This research work examined the relevance of financial statements in investmentdecision making. The study made use of primary data sourced from the distribution ofquestionnaire to respondents. Search hypotheses were formulated to guide the study. Chisquare inferential statistics was utilized to analyse the data collected. From the resultsobtained, the study showed that financial statements are very relevant to investors in decisionmaking. The study recommended that all Nigerian listed companies should considermaintaining two sets of report in the annual report document. The first set should be a reportusing SASs which is the national requirement while the second set of report should useIFRSs, in particular for international audience. This will make the financial statementscomparable and will therefore enhance global competition, inflow of foreign directinvestment, and international listings
