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Understanding The Balance Sheet: A Snapshot In Time | Master the Margin

EPISODE · Sep 28, 2024 · 7 MIN

Understanding The Balance Sheet: A Snapshot In Time | Master the Margin

from Pharmacy Podcast Network · host Pharmacy Podcast Network

In this episode of Master The Margin, Scotty Sykes, CPA CFP® and Kathy Blanchard, Senior Pharmacy Accountant build on the foundational principles (fundamental accounting) discussed in their inaugural episode by exploring the balance sheet! Join Scotty Sykes, CPA, CFP®, and Kathy Blanchard, Senior Pharmacy Accountant explore: - The formula "Assets = Liabilities + Equity"  - Its significance in providing a snapshot of a pharmacy's financial health - Common assets you'll find on a pharmacy's balance sheet  - The importance of tracking current assets Schedule an Rx Assessment: https://www.sykes-cpa.com/rx-assessment-service/  More resources about this topic:   Podcast – Independent Pharmacy Accounting Fundamentals: https://www.sykes-cpa.com/independent-pharmacy-accounting-fundamentals/  Blog – Fundamentals of Pharmacy Accounting: https://www.sykes-cpa.com/fundamentals-of-pharmacy-accounting/  Presentation – Fundamentals of Pharmacy Accounting: Navigating 2024 and Beyond: https://www.sykes-cpa.com/wp-content/uploads/2024/07/IdeaShare-Workshop-Digital-Presentation.pdf 

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Understanding The Balance Sheet: A Snapshot In Time | Master the Margin

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