International Journal of Pharmacology and Clinical Sciences, 2023, 12, 1, 17-
28.
DOI: 10.5530/ijpcs.2023.12.4
Published: September
2023
Type: Research Article
Authors: Yousef Ahmed Alomi, Ghadeer Zayed
Aljumah, Nasser Rashid Alohlie, Naif Saleh Alamri, Riyadh M Alashban, Maha Hussein Almadany, Abeer Hussin Almasoudi,
Basmah Suliman AlHamdan, and Ghudair Tashan Alanazi
Author(s)
affiliations:
Yousef Ahmed Alomi, BSc. Pharm, MSc. Clin Pharm, BCPS, BCNSP, DiBA, CDE, Critical
Care Clinical Pharmacists, TPN Clinical Pharmacist, Freelancer Business Planner, Content Editor, and Data Analyst,
Riyadh, SAUDI ARABIA.
Ghadeer Zayed Aljumah, Bachelor of Accounting, Financial Manager, Ministry of Health, Riyadh, SAUDI ARABIA.
Nasser Rashid Alohlie, Bachelor of Economy, Financial Audit, Ministry of Health, Riyadh, SAUDI ARABIA.
Naif Saleh Alamri, Bachelor of Engineering, Director General of the General Administration of Security and Safety Ministry of Health, Riyadh, SAUDI ARABIA.
Riyadh M Alashban, Ph.D. Medical care pharmacy Riyadh, SAUDI ARABIA.
Maha Hussein Almadany, Pharmacy Quality Department, Health Care Quality Management Professional Diploma (HCQM), King Salman bin Abdulaziz Medical City, Al Madina Al Monwarah, SAUDI ARABIA.
Abeer Hussin Almasoudi, Administration of Research and Studies, Ministry of Health, Tabuk, SAUDI ARABIA.
Basmah Suliman AlHamdan, Bsc. Pharm, MSc.Quality Management,Senior Quality Specialist, King Fahad Medical City,Riyadh, SAUDI ARABIA.
Ghudair Tashan Alanazi, Critical Care Clinical Pharmacist, Internal Medicine Clinical Pharmacist, MOH, Hafrbatin, SAUDI ARABIA.
Abstract
Objectives: To the financial position statement (balance sheet) policy and procedures in pharmacy practice as a new initiative in Saudi Arabia. Methods: It was a narrative review of the Financial position statement (balance sheet) policy and procedures in pharmacy practice. Litterateur searched various databases, including PubMed, Medline, and Google Scholar. The search period is from the 1960s until 15 October 2023. The term is in full-text English and includes Case Reports, Classical Articles, Clinical Conferences, Clinical Studies, Clinical Trials, Evaluation Studies, Government Publications, Guidelines, Meta-Analysis, Observational Studies, Practice Guidelines, Randomized Controlled Trials, Reviews, Systematic Reviews, with Humans subject. All hospital or community pharmacy services are included in a search term. Besides, the National and international guidelines of general infection control in hospital practice. The committee of pharmacy accounting policy and procedures formulated and consisted of various expert members. That includes clinical pharmacists, accountant specialists, and financial experts. The guidelines of the policy draft by one member by the second member were reviewed and corrected. The third revision was by the accountant specialist. The topic emphasizes the Financial position statement of the Pharmacy policy. Results: the financial position statement in pharmacy practice indicates its financial position at a particular time, indicating its assets, liabilities, and equity. The financial position statement showed the relationship between these three elements of the pharmacy’s total assets, liabilities, and equity and how these items have changed over time. As illustrated in the review, various analyses are required for the financial position statement, including general analytics, profitability, liquidity, liabilities, efficiency, and price or market analysis or investment analysis policy and procedures. Conclusion: The financial position statement in pharmacy practice policy and procedures is a new initiative project for non-professional accountants. The financial position statement in pharmacy practice improves business and financial decisions. In addition, it encourages pharmacists to adhere to accounting and financial regulations at various places at healthcare institutions. Therefore, the financial position statement in pharmacy practice policy and procedures policy is highly recommended for implementation in the pharmacy business in Saudi Arabia.
Keywords: Accounting, Financial, Financial Position, Pharmacy, Policy, Saudi Arabia.