Impact on the consolidated financial statements

Assignment Help Accounting Basics
Reference no: EM13728706

Novartis AG is a Swiss multinational pharmaceutical company, which prepares group financial statements. Obtain the annual report of Novartis Group for 2010 (available online on www.novartis.com) and review the information about acquisitions. This information may be provided in different parts of the annual report including financial statements.

List the acquisitions made during the year. Prepare a report, which shows:

1. Your research into the reasons for success or failure of acquisitions in general.

2. Potential advantages of each of the acquisitions in 2010 for Novartis Group.

3. Impact on the consolidated financial statements of these acquisitions including adjustments to subsidiary's book values.

4. Your views about goodwill on each acquisition and subsequent goodwill impairment charges, if any.

Verified Expert

Reference no: EM13728706

Financial statements using the internet

Selecta publicly held company to use as the basis for this assignment. Research your selected company and acquire the company's most recent financial statements using the Inte

Understatement of inventory impact assets

Companies can determine the effect of ending inventory errors on the balance sheet by using the basic accounting equation: Assets = Liabilities + Owner's Equity. How would t

Monthly compounding-annualizing a monthly rate

If you bought a $1,000 face value CD that matured in nine months, and which was advertised as paying 9% annual interest, compounded monthly, how much would you receive when

Determine the basis of the property in determining the gain

Evaluate the pros and cons related to an exclusion of a $250,000 gain for a primary residence and how using this residence as rental property could impact the gain or loss d

Statement of cash flows displaying operating and investing

Assuming that the cash balance at the beginning of the month was $7,450, prepare a statement of cash flows that displays operating, investing, and financing activities and t

Accounting rate of return on the investment

A company projects annual cash inflows of $85,000 each year for the next five years if it invests $300,000 in new equipment. The equipment has a five-year life and an estima

Resolve and implement to make the online gaming system

Nick and the CanGo team had many issues to resolve and implement to make the online gaming system a success but these issues and implementation tasks are not prioritized in

What are the estate tax consequences

The $300,000 loan was made to Brad in late 2007, and he used the money to create a very successful business. The note was forgiven by Kenneth in his will. What are the estat

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd