phar


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phar

 

phar

,

pharm

pharmacy; pharmaceutical; pharmacopeia.

phar

1 abbreviation for pharmacy.
2 abbreviation for pharmacology.
3 abbreviation for pharmaceutic.
References in periodicals archive ?
In 1988, internal gross profit reports at Phar Mor indicated serious deterioration in margins.
A Phar Mor accountant performed the only formal analysis of the shortage, which he estimated to be $4 million.
Trial evidence indicates the final settlement amount was determined, in part, by looking at Phar Mor's profitability in prior years.
The plaintiffs claim the settlement was a disguised capital contribution and thus simply a vehicle to artificially inflate Phar Mor's earnings.
Finn is basically describing is that, although there may well have been some shortages, that what Phar Mor was really doing was entering into a transaction which would enable them to manipulate its profit to overcome losses, to hide losses.
And plaintiffs felt the footnote should have explicitly stated that without the settlement, Phar Mor would have shown a loss.
A copy of the analysis conducted by the Phar Mor accountant indicating a $4 million shortage was included in Coopers' workpapers.
I, in fact, asked David Shapira - and I specifically recall asking David Shapira - of the $7 million, is that all merchandise or is there any sense that you are - you or the board of directors of Giant Eagle - passing additional capital into Phar Mor through this transaction?
Regarding the footnote disclosure, Coopers pointed out the footnote was typical of related party footnotes, and that it was rather obvious that without the $7 million settlement, Phar Mor would have reported a loss.
Finally, to this day, none of the parties involved - Tamco, Phar Mor, or Giant Eagle - have suggested the settlement was part of the fraud.
Inventory at Phar Mor increased rapidly from $11 million in 1989 to $36 million in 1990 to $153 million in 1991.
As a detailed test of Phar Mor's inventory costing, Coopers annually attended the physical inventory at four stores and selected from 25 to 30 items per store to perform price testing.