1. What is novartis Company mission and vision?2. What is novartis management strategy? And how do they achieve it?

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1. What is novartis Company mission and vision?2. What is novartis management strategy? And how do they achieve it?

مُساهمة  whatsapp:00966541597560 في الإثنين مارس 27, 2017 11:16 pm

PART A: case study (Novartis)
The internet is a good place to get information that is useful to you in your study of accounting. For example, you can find information about current events, professional accounting organizations, and specific companies that may support your study.

Novartis is a global healthcare company based in Basel, Switzerland, with roots dating back more than 150 years. Novartis provide healthcare solutions that address the evolving needs of patients and societies worldwide. Their portfolio focuses on pharmaceuticals, eye care products and generic medicines. Novartis products are available in more than 180 countries worldwide. Our products reached more than 1 billion people globally in 2014. About 133 000 people of 150 nationalities work at Novartis around the world.
Access the novartis home web page at: . www.novartis.com From Walmart’s home page and then “The Company”, click on “FINANCIAL INFORMATION”, followed by “Reports and results”, then select the year 2015 to display and download the “Annual report and accounts” 2015 on Form PDF.
Note: the financial statements are available at:
https://www.novartis.com/sites/www.novartis.com/files/novartis-annual-report-2015-en.pdf
Instructions Use the annual report and accounts of 2015 to answer the following questions:

1. What is novartis Company mission and vision?
[Marks 8]

2. What is novartis management strategy? And how do they achieve it?
[Marks 8]
3. Write a memo explaining: (Hint: Explain and support your memo by suitable figures from the novartis’s annual report.)
a- What was the composition of identifiable and unidentifiable intangible assets reported by novartis 2015?
b- How do novartis account for their intangible asset and the goodwill?
c- How much impairment did novartis report from the intangible assets and goodwill?

[Marks 12]
4. Define business combination and mention reasons why do companies merge?

[Marks 12]
5. What are the steps that the company has to do in time of merger transaction? And What are the obstacle that may lead to merger failure?
[Marks 10]

6. What are the Exceptions to not to consolidate the financial statement and what are the benefits of consolidating the financial statements?
[Marks 10]
PART B: case study

Using chapter 5 solve the following:

A. Below are the income statement information for 2015 of Orange and its 75% owned subsidiary “Gold”.
Parent Subsidiary
Sales 6,000,000 3,600,000
Cost of goods sold 3,000,000 2,400,000
Gross profit 3,000,000 1,200,000
Operating expense 1,500,000 480,000
Net income 1,500,000 720,000

During 2015, Parent sold to its subsidiary inventory for $ 1,200,000 with a gross profit $300,000. The remaining inventory on the hand of subsidiary is 45%.
Required
• Compute the unrealized profit – ending (5 marks)
• Compute profit for 2015 for the
o Non-controlling interest
o Parent profit

(5 marks 2.5 each)
• Prepare the consolidated income statement for 2015, show the elimination entries. (30 marks : each entry 5 marks and income statement 10 marks)















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الإجــابة النمــوذجية
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