Budgeted financial statements

Budgeted financial statements, often called pro forma financial statements, show how the pharmacy organization s financial statements will appear at a specified time if operations proceed according to plan. Budgeted financial statements include a budgeted income statement, a budgeted balance sheet, and a budgeted statement of cash flows. 

Identify and describe the components of personal financial statements and budgeting. 

As described in step 1 above, you must know where you are presently before you can go somewhere else. Personal financial statements tell you where you are in your financial journey. Among the most pertinent financial statements are personal balance sheets, cashflow statements, and the development of a monthly budget. 

However, as fundamental as this concept is and as intuitive as optimization of the supply chain is, many companies still attempt to maximize only that which they specifically control. They overlook the value of the global view. They concentrate only on what they can see in their local operation. The idea of real supply chain optimization is looked upon as something to be done, some objective for the future. Once we get our own act in order, we can move on to the supply chain issues is a common statement from business leaders in every industry. In some cases, when leaders do apply some effort toward supply chain optimization, it is only half-hearted and does not receive the attention or financial budget that it deserves. Those companies, even more so as the Internet makes global business operations a reality, are not only missing some opportunities, they are sealing their fate as noncompetitive businesses in the modern age. 

---