This comprehensive, clearly written textbook teaches pharmacy
students and pharmacists the basics of financial accounting,
management accounting, and finance, and equips them with the
financial skills needed in pharmacy practice. The Third Edition has
been thoroughly updated with new content and realistic problems that
allow students to apply what they have learned.
This edition presents examples from diverse practice settings,
including HMO, hospital, and long-term care pharmacies. A new chapter
explains how decision analysis can be used to assist and inform
decision-making. The significantly revised pricing chapter provides
additional consideration to demand and the interaction of unit costs,
volume, demand, and price.
Table Of Contents
Introduction to Financial Management
Financial Statements
Preparing Financial Statements
Accounting for Inventory and Cost of Goods Sold
Financial Statement Analysis
Budgeting
Cash Budgeting
Break-even Analysis
Pricing Pharmaceutical Products and Services
Differential Analysis
Capital Investment Decisions
Sources and Uses of Cash
Improving Cash Flow
Inventory
Pharmacoeconomics
Decision Analysis
Appendix: Answers to Questions and Problems