Tag Archives: standards

IFRS Versus GAAP

by edd In specialty-coffee-green-coffee-beansTags:

There are two sets of accounting rules accepted for international use: U.S. standards referred to as Generally Accepted Accounting Principles (GAAP), and international standards known as International Financial Reporting Standards (IFRS). The first is developed by the Financial Accounting Standards Board (FASB), whose power is derived form the United States Securities and Exchange Commission (SEC). The second is developed  by the International Accounting Standard Boards (IASB), an independent London-based accounting standard-setting body. Although GAAP and IFRS share some similarities in Read More

Standard Operating Procedure for Pharmaceuticals

by edd In specialty-coffee-green-coffee-beansTags:

Standard Operating Procedures, commonly referred to as SOP’s, are detailed written instructions describing specific steps to follow in all pharmaceutical activities under defined conditions. Quality performance and quality products would further necessitate the presence of standard operating procedures, which ensure the continuity of the processes. In a general perspective there exist many ways of writing SOP’s, but the purpose of this paper is to ensure individuals in the field of pharmacy, write down what they do, and at the same Read More