Financial Reports Balance Sheet Merck discloses on its balance sheet the following components of stockholders' equity: capital stock, retained earnings, additional paid-in capital, treasury stock and accrued gains/losses. Novartis reports retained earnings, additional paid-in capital and treasury stock only. Neither of these companies has any preferred shares outstanding. Both companies report treasury shares. Merck notes in its annual report that the Board "approved the purchase of up to $5.0 billion of Merck's common

Financial Aid Students who have dedicated their lives to the pursuit of knowledge often find themselves in college classrooms, studying teaching and learning for many years of their young adult lives. In many cases, if not nearly all, students receive some sort of financial aid to help fund these academic endeavors and provide a worthwhile and lasting career in their chosen field. The purpose of this essay is to investigate and highlight

Financial managers and CEO's play important roles in ensuring that organizations meet their specific goals. The skill levels for both positions are high and require a great deal of patience and experience. The purpose of this discussion is to determine whether being a financial manager is the best preparation for later becoming a CEO. Role of the Financial Manager According to the Bureau of Labor, financial managers must have a bachelor's degree

Financial Fraud Fannie Mae Review of Fraud Schemes within Fannie Mae 1998-2004 Scope The agency found the fraud understatements of earnings and illegal gratuities that led to accounting violations and inability to meet Wall Street goals. The investigation of Lee Frakas, executive of a major mortgage company which had dealings with Fannie Mae with hundreds of fake mortgages. The Securities Exchange Commission cited that Fannie Mae had to repay earnings and correct their books

Secondly, performance-related pay increases prevents inflationary tendencies since such increases are the outcomes of increased productivity. Managers and employees are benefited by performance-related pay increases in the following way: when profit or performance goes up higher earnings go to the employees. However, when the profits come down, the lowering of performance-related pay can protect employees from job losses. Moreover, there is enhanced motivation as employee can identify with the

Financial Management A major part and linchpin of any medical and/or research firm is the financial management aspects of the organization. Financial management of any major medical outfit would be overseen by the officers of the treasury and finance departments. They would, by extension, also direct the financial activities of the clinic. The activities completed would include bookkeeping, investing, and developing projects. The depth and breadth of these operations would touch