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/fi...

Instructions Use the annual report and accounts of 2015 to answer the following questions:

1. What is novartis management strategy? And how do they achieve it?

2. 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?

the answer should be 350-400 words