Transcription of Introduction to Financial Management
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Introduction to Financial Management
CHAPTER Introduction to FinancialManagement1 CHAPTER Introduction to FinancialManagement11 OBJECTIVESA fter completing this chapter, the student should be able the importance of Financial Management to pharmacists, the goals of Financial Management and why they are relevant for pharmacies, and briefly describe the four most common Financial statements, the limitations of Financial practice has changed dramatically over the last several years. Pharmacists aremore likely to be employees than owners; to work for large organizations, such as hos-pitals, chain pharmacies, and managed-care pharmacies, than in small, independentlyowned pharmacies; and to have clinically oriented, patient care responsibilities ratherthan purely distributive duties.
Introduction to Financial Management CHAPTER 1 1 OBJECTIVES After completing this chapter, the student should be able to: 1. Discuss the importance of financial management to pharmacists, 2. Explain the goals of financial management and why they are relevant for pharmacies, 3.
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