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Finance & Accounting
Pages 4 (1004 words)
CVS Caremark ratio analysis Name Instructor Task Date Introduction The CVS Caremark is a US based health service providing company that offers a wide array of pharmaceutical services. The company is considered as the largest in the health care industry, in the United States…
The company is therefore focused in the reinvention of pharmacy and the provision of highly innovated solutions that improve the well-being of the customers. The company also has a strategic plan to offer high quality health care service at an affordable cost, to cater for the needs of people with different financial background. The company has also implemented a health care program for the members of staff. The program involves free health care services to the employees. The program also constitutes the employee motivation strategy for the company. The company has more than 7,300 pharmacy stores spread across the United States. The accounting standards The International accounting standards and the general accounting principles have established rules and regulations governing the accounting practices in organizations. These rules and regulations are intended to guide the organization’s management team into practicing the generally accepted accounting methods. The company’s financial statements reflect a commitment by the company to following the standards set by the international accounting standards. Such standards include the guide to revenue recognition, the concept of consistency, the concept of materiality and earnings management. ...
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