Accounting for Decision-Makers

Compare two garbage companies - Merck, a U.S. union, and Novartis, a Swiss union. The annual tidingss for these companies are strong. Download the two PDF files and rescue them to your estimater. As you reconsideration these two 2016 annual tidingss, you allure see some differences in grant between the U.S. union and the Swiss union, owing Merck uses U.S. generally certain accounting principles (GAAP) and Novartis uses International Financial Reporting Standards (IFRS). The companies give the similar knowledge, normal in opposed formats.

You do not scarcity to recognize every message in these two annual tidingss, but you should scrutinize through them to see the opposed things tidingsed. Then, tally the subjoined questions and estimate the subjoined kinsman and curve decomposition for the two companies.

Prepare a 3 page truth tidings (including exhibits) in Microsoft Message after a while at lowest 2 conversant sources. You allure embed Microsoft Excel spreadsheets after a while your calculations into your Message instrument. Follow the strong templates and tally each insist-upond item. When truth interpretation is insist-upond, use thorough sentences in your article and citations in APA format.

1. Experience the poise sheet for each union (2016 Merck; Novartis PDF files aloft). Enter the subjoined aggregate for each union into the Excel template supposing and expound in the truth what these aggregate betray you encircling the companies.

  • Accounting equation: Total Assets = Total Liabilities + Total Equity

2. Experience the proceeds assertion for each union (2016 Merck; Novartis PDF files aloft).  Enter in the net proceeds for each union from the proceeds assertion into the Excel template and debate what this reckon betrays you encircling the companies in the truth.

  • Net Income

3. For each union, experience the assertion of equity and establish the Retained Earnings (2016 Merck; Novartis PDF files aloft). Enter the reckon into the Excel template and debate what this reckon betrays you encircling each union in the truth.

  • Ending Retained Earnings

4. Using the Excel template consider the kinsmans under for each union for 2016 and 2015.  Note, some calculations allure insist-upon you to go tail to the 2014 assertions when you are asked for an mean (those accept been supposing so).

  • Current Ratio
  • Quick Ratio
  • Debt to Total Assets
  • Debt to Total Equity
  • Net Profit on Sales
  • Return on Assets 
  • Return on Equity

In the truth parallel the results of the two companies and debate what these results declare to you as a superintendent and how they may be used in firmness making.

5. Fit a contemptible magnitude curve decomposition using the Excel template supposing for each union from 2015 to 2016.

In the truth debate what these curves agency declare to you as a superintendent and how they can be used in firmness making.

6. After using the two sets of financial assertions to fit the items aloft, debate in the truth any differences you see between the grant of the two sets of tidingss. For pattern, what are the differences in the poise sheet grant? The proceeds assertion? The assertion of equity? The assertion of coin flows?  In your impression, which set of assertions do you experience easier to effect after a while as a superintendent for decomposition and why?

How to resign this assignment
Submit your effect in a Message instrument using the strong templates. Your Excel tables should be embedded in the Word document.

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