@article {354, title = {Accounting and Financial in Pharmacy Practice: Income and Cash Flow Statements}, journal = {International Journal of Pharmacology and Clinical Sciences}, volume = {12}, year = {2023}, month = {September 2023}, pages = {36-48}, type = {Research Article}, chapter = {36}, abstract = {

Objectives: To explore the income and cash flow statements policy and procedures in pharmacy practice as a new initiative in Saudi Arabia. Methods: It was a narrative review of the pharmacy practice{\textquoteright}s income and cash flow statements policy and procedures. 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, Guideline, 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 income and cash flow statements of the Pharmacy policy. Results: The income and cash flow statements policy and procedures in pharmacy practice had various benefits, such as Financial management, business and tax plan, and assessing the pharmacy profitability and expenditure management. Besides, the pharmacy business{\textquoteright}s liquidity and solvency. The income and cash flow statements suggested policy and procedures and related analysis in the pharmacy practice. Conclusion: The income and cash flow statements policy and procedures in pharmacy practice as a new initiative in Saudi Arabia. They will improve the pharmacy business and better financial management. In addition, it encourages pharmacists to adhere to local and international financial and accounting standards and regulations. Therefore, in pharmacy practice, income and cash flow statements policy and procedures are highly suggested for pharmacy business in Saudi Arabia

}, keywords = {Accounting, Cash Flow, Financial, Income Statement, Pharmacy, Policy, Saudi Arabia.}, doi = {10.5530/ijpcs.2023.12.6}, author = {Yousef Ahmed Alomi and Ghadeer Zayed Aljumah and Nasser Rashid Alohlie and Naif Saleh Alamri and Maha Hussein Almadany and Basmah Suliman AlHamdan and Riyadh M Alashban and Abeer Hussin Almasoudi and Ghudair Tashan Alanazi} }