Novartis Financial Analysis

The first 200 words of this essay...

Makenzie Shurtz

Novartis Financial Statements

5/23/2012

HSA 525

Week 3 Assignment

Strayer University

Professor Coon

Novartis Financial Statements

There are many different types of financial statements involved in Healthcare Finance and they are all very important. Balance sheets are crucial in providing needed information about businesses assets, liabilities, and shareholders equity. The balance sheet presents a snapshot of the financial position of an organization at a given period of time. This data changes as a business increases or decreases its assets or financing situation. Assets are physical property and supplies owned by the company, as well as things that hold value the company has invested in. Liabilities are responsibilities the company has to other entities on behalf of the company, i.e. rent. Shareholders equity is money that is left over that belongs to owners if the company sells. The balance sheet is set up in a simple manor, which is fairly easy to read.

The income statement will give a wealth of information about a company's earning status over a certain time period. This statement shows how a company is fairing financially. The income statement reports a company's profits, losses,