Financial Analysis in Pharmacy Practice

Financial Analysis in Pharmacy Practice covers the basics of accounting and financial management, and demonstrates the application of these principles to pharmacy practice.

The book includes:
• the guiding principles of accounting
• financial statements, from detailed transactions to summary reports
• basics of finance and financial analysis
• budgeting and inventory management
• pricing goods and services
• personal financial management.

Case studies, based on realistic examples are used to show how accounting and financial management principles apply to all areas of pharmacy practice.

Financial Analysis in Pharmacy Practice is an invaluable resource for graduate students in pharmacy administration and professional pharmacy students, as well as pharmacists in the public and private sectors who wish to be well informed when making financial decisions.

Financial Analysis in Pharmacy Practice is also available as an eBook.

1. Introduction
2. Understanding the Guiding Principles of Accounting
3. From Detailed Transactions to Summary Reports
4. Financial Statements
5. Basics of Finance and Financial Analysis
6. Financial Aspects of Inventory Management
7. Budgeting
8. Pricing Goods and Services
9. Personal Financial Management

 Sample chapter (796 KB)

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Dec-2011, Journal of Pharmacy Practice and Research

"Of particular value to the pharmacist audience is Chapter 6, which the authors devote to the financial aspects of inventory management. Useful discussions in this chapter include inventory valuation methods...benchmarking inventory turnover rates and reorder points...the text is logically sequenced and well structured, making it easy to read and follow. The use of tables and figures is appropriate and not overdone. The use of case studies breaks up the chapters and maintains the reader's attention, bringing them back to a scenario they are familiar with to highlight the pharmacy relevance...a useful introductory resource for pharmacists wishing to embark on a career of management"

Natalie Bula, Acting Director of Pharmacy, Canberra Hospital and Health Services, Journal of Pharmacy Practice and Research, 41 (4) December 2011.

18-Jul-2011, International Journal of Pharmaceutical Compounding

"Finally, a great "how to do it" book on finances and pharmacy. This easy-to-read, introductory text covers the basics of accounting and financial management, as well as demonstrating the application of these principles to pharmacy practice...This book, which was written by a team of accountants and pharmacists, is a great teaching tool about finances or to review your current knowledge on the topic”
International Journal of Pharmaceutical Compounding, 18 July 2011