Business basics part 1: Budgets (ACP September 2020)

Accredited CPD
Group 2

Provider: ACP
Author: Mark Lock

CPD Credits: 1.5


Designed to give an overview of budgeting including components and processes, monitoring, and involvement.

Learning Objectives

After completing this activity, pharmacists should be able to:

  1. Discuss the reasons why budgeting is an important part of operating a successful pharmacy
  2. Describe the components and process for developing a budget for the pharmacy
  3. Describe how budget performance is monitored
  4. List who is involved in the budgeting process

The 2016 Competency Standards addressed by this activity include: 4.2, 4.4, 4.5

Accreditation number: A2009MACP5    
Accreditation expires: 30/09/2022

This activity has been accredited for 0.75 hour of Group One CPD (or 0.75 CPD credit) suitable for inclusion in an individual pharmacist’s CPD plan, which may be converted to 0.75 hour of Group Two CPD (or 1.5 CPD credits) upon successful completion of the associated assessment activity.