Accounting and Financial in Pharmacy Practice: Competency

International Journal of Pharmacology and Clinical Sciences, 2023, 12, 2, 115-126.
DOI: 10.5530/ijpcs.2023.12.14
Published: September 2023
Type: Research Article
Authors: Yousef Ahmed Alomi, Ghadeer Zayed Aljumah, Nasser Rashid Alohlie, Naif Saleh Alamri, Maha Hussein Almadany, Riyadh M Alashban, and Abeer Hussin Almasoudi.

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.

Maha Hussein Almadany, Bsc. Pharm, 
Health Care Quality Management Professional Diploma (HCQM), Pharmacy Quality department, King Salman bin Abdulaziz Medical City, Al Madina Al Monwarah, SAUDI ARABIA.

Riyadh M Alashban, Ph.D., 
Medical Care Pharmacy, Riyadh, SAUDI ARABIA.

Abeer Hussin Almasoudi, BSc.Pharm, BCPS., 
Director, Administration of Research and Studies, Ministry of Health, Tabuk, SAUDI ARABIA


Objectives: To explore the accounting and financial system competency policy and procedures in pharmacy practice as a new initiative in Saudi Arabia. Methods: It was a narrative review of pharmacy accounting and financial system competency 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, 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 accounting system competency of the Pharmacy policy. Results: Pharmacy accounting competencies and financial system policies and procedures included various items. It also provides proficiency steps in pharmacy practice. Accountability for policies and procedures in accounting and financial systems included five models. For instance, patient care, accounting, and financial systems. Besides, the communications, professionalism, and continuing professional development. Each model had an education and training, assessment type, and competence assessment outcome. The Pharmacy Accounting and Financial Systems Competency is offered semi-annually or annually to career professionals. Conclusion: The pharmacy accounting and finance Competency is a new initiative and part of Pharmaceutical Care Services. Pharmacy accounting and financial policy competence aliment in the continued development of pharmacist accounting and financial system skills and improving accounting and financial policies for pharmacy operations. In addition, efficient budgeting and financial reporting in healthcare facilities. Therefore, familiarity with pharmacy accounting and financial policies and procedures is highly recommended for pharmacy practice services worldwide.

Keywords: Accounting, Competency, Financial, Pharmacy, Policy, Saudi Arabia.