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Course Discription |
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This Course covers the basics of financial analysis, including the time value of money, simple and compound interest, using comparative financial statements, trend analysis, and ratio analysis. Through comparative financial statement analysis, it describes how the pharmacy students can apply financial information to create usable metrics to assess the internal business performance.
These analyses can then be used to determine the necessary resource allocation for staffing, inventory, and investment, as well as the overall current and future business direction. In addition a case study will be held to apply the previous knowledge.
Subsequently, shows how pharmacy students can use the financial information from pharmacy businesses, along with knowledge of the marketplace and customer needs, to appropriately control the inventory of a pharmacy operation. Proper inventory control can result in optimal levels that keep inventory costs to a minimum while at the same time ensuring customer/ patient satisfaction.
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