Financial Reporting Practices Among Pharmacies in Bulan, Sorsogon: Compliance with Philippine Financial Reporting Standards for Small and Medium-Sized Enterprises

This study examined the financial reporting practices among pharmacies in Bulan, Sorsogon, with emphasis on compliance with the Philippine Financial Reporting Standards for Small and Medium-Sized Enterprises (PFRS for SMEs). It determined respondents’ awareness, status of compliance, financial reporting practices, challenges encountered, and intervention strategies. A quantitative descriptive, cross-sectional design was employed. Eight qualified pharmacies were included through total enumeration, with 24 respondents comprising pharmacy owners, accounting staff, and sales clerks.