Good morning, ladies and gentlemens. Let me introduce myself; my name is Huong, new CEO of Nevipharm. As you all know, this company is losing its market share. But we are being asked to increase sales by 20 – 25%. How can we possibly increase sales in shrinking market? You will know after listening my presentation: the marketing plan of Nevipharm in 2014. My presentation is in three parts: the first is the situation of Nevipharm in 2013, the next is marketing plan in 2014, and the last is the target of Nevipharm. And, I’d be grateful if you could ask your questions after the presentation
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Definition: Financial statements are a collection of reports about an organization's financial results and condition. They are useful for the following reasons:
• To determine the ability of a business to generate cash, and the sources and uses of that cash.
• To determine whether a business has the capability to pay back its debts.
• To track financial results on a trend line to spot any looming profitability issues.
• To derive financial ratios from the statements that can indicate the condition of the business.
• To investigate the details of certain business transactions, as outlined in the disclosures that accompany the statements.
The standard contents of a set of financial statements are:
• Balance sheet. Shows the entity's assets, liabilities, and stockholders' equity as of the report date.
• Income statement. Shows the results of the entity's operations and financial activities for the reporting period.
• Statement of cash flows. Shows changes in the entity's cash flows during the reporting period.
• Supplementary notes. Includes explanations of various activities, additional detail on some accounts, and other items as mandated by GAAP or IFRS.
If a business plans to issue financial statements to outside users (such as investors or lenders), the financial statements should be formatted in accordance with one of the major accounting frameworks, such as GAAP or IFRS. These frameworks allow for some leeway in how financial statements can be structured, so statements issued by different firms even in the same industry are likely to have somewhat different appearances.
If financial statements are issued strictly for internal use, there are no guidelines, other than common usage, for how the statements are to be presented.
At the most minimal level, a business is expected to issue an income statement and balance sheet to document its monthly results and ending financial condition. The
full set of financial statements is expected when a business is reporting the results for a full fiscal year.
Financial ratios are relationships determined from a company's financial information and used for comparison purposes. Examples include such often referred to measures as return on investment (ROI), return on assets (ROA), and debt-to-equity, to name just three. These ratios are the result of dividing one account balance or financial measurement with another. Usually these measurements or account balances are found on one of the company's financial statements—balance sheet, income statement, cashflow statement,or statement of changes in owner's equity. Financial ratios can provide small business owners and managers with a valuable tool with which to measure their progress against predetermined internal goals, a certain competitor, or the overall industry. In addition, tracking various ratios over time is a powerful means of identifying trends in their early stages. Ratios are also used by bankers, investors, and business analysts to assess a company's financial status.
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