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Understanding IFRS 15: Revenue Recognition for Licensing Deals in Life Sciences

Understanding IFRS 15: Revenue Recognition for Licensing Deals in Life Sciences

by Michelle Olufeso | Oct 4, 2024 | Advanced Topics, Life Sciences Focus

Introduction IFRS 15 is a crucial standard for revenue recognition, particularly in the life sciences sector. This framework provides guidelines for identifying and recognising revenue from contracts with customers, ensuring consistency across industries. Licensing...
Income Statement Secrets: Beyond Profit and Loss in Biotech

Income Statement Secrets: Beyond Profit and Loss in Biotech

by Michelle Olufeso | Jan 22, 2023 | Advanced Topics, Fundamentals

Whilst traditional companies measure success through steady profits, life sciences companies dance to a different tune. Your income statement might show losses for years – and that could be perfectly fine. In fact, it might even signal promising progress in your...
The Balance Sheet: Your Life Sciences Company’s DNA

The Balance Sheet: Your Life Sciences Company’s DNA

by Michelle Olufeso | Jan 8, 2023 | Advanced Topics, Financial Statements, Fundamentals

If financial statements tell your company’s story, think of the balance sheet as your company’s DNA. For life sciences companies, this crucial document reveals far more than just assets and liabilities – it’s a snapshot of your innovation...