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Course Discription |
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This course consists of understanding the guiding principles of accounting and how individual business transactions are summarized in financial statements and reports. This basic understanding should allow pharmacy students to determine the source and flow of financial information within any pharmacy and form a knowledge base of how their financial information should be categorized, recorded, and then reviewed. In addition to lectures, A case study workshop will be held to apply the previous knowledge.
Withal, the importance of financial statements in analyzing a company’s economic activity is discussed as well as a review of the various users and types of financial statements used to determine the success or failure of a pharmacy business over a specified time period, and how their analysis affects the current and future business direction.
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