Mastering IFRS: unravelling accountiNg secrets in Pharma, Med-Tech & Biotech LICENSING DEALS
A 2-Day Training Workshop
Refine your financial expertise with our specialised course for Finance Professionals in the dynamic Pharma, Med-Tech, and Biotech sectors. Master key financial accounting terms applicable to licencing deals, analyse deal structures, and assess their financial impact during negotiations.
Gain insights into the contract elements to consider when accounting for in- and out-licensing deals, including capitalisation vs. expensing, the impacts of contract modifications, impacts of performance obligations, and the need for price allocation. Learn to recognise revenue, crucial for each deal’s unique circumstances. Avoid common accounting pitfalls and elevate your strategic decision-making. Join us to enhance your financial acumen and thrive in this complex industry.
Learning Results
What You Will Learn
- Accounting for in-licensing deals.
- Understanding materiality thresholds and their impact
- Identifying and accounting for assets in licence deals.
- Distinguishing between acquired assets and single asset purchases.
- Managing deals that go bad post-signing.
- Accounting for amounts received.
- Identifyng a customer.
- Understanding contract costs.
- Handling contract combinations, modifications and reassessments.
- Identifying and accounting for performance obligations.
- Allocating contract price, including variable consideration.
- Recognising revenue at a point in time or over time.
- Decision Tree summary
Additional Benefits
- Decision trees for advance deal accounting.
- Direct access to finance experts for deal-specific queries.
- Engage with peers through pre-course questionnaires and live polling.
- Real-life case studies for practical application.
- Experienced, enthusistic instructors.
- Clear, simplified communication.
- Applicable knowledge for related business transactions.
Why You Should Attend
The Content: Finance professionals in Healthcare Licencing often lack understanding of accounting implications in this specialised area, leading to surprises post-deal signing. This course prepares you to engage early in deal negotiations, ensuring accurate accounting treatment.
Expertise: Led by Michelle I Olufeso, former Head of External Relations at Roche, with global experience in managing R&D and M&D alliances. Michelle’s extensive background in training and facilitating workshops equips you with the insights needed to navigate complex deals.
Unique Opportunity: This is the only public course where Michelle shares her expertise on mastering financial strategies in licensing deals within the Pharma, Med-Tech, and Biotech sectors.
Learning Approach
Use of real-life cases and interactive sessions, to provide actionable insights and consolidate knowledge. Courses typically have up to 20 participants.
One of the most valuable aspects of attending any MIOCONSULT course is not only being able to have your specific questions answered by a leading expert, but also having the opportunity to share experiences and have in-depth discussions with your international peers.
Participant Profile
Who Should Attend?
- Finance Executives who need to understand deal structures, legal terminology and the accounting implications.
- Finance Business Partners responsible for deal accounting.
A basic understanding of Financial Statements and their elements is critical.This course is delivered by Michelle Olufeso from MIOCONSULT, a leading accountancy consultancy company. Executives from other professional service agencies should request approval before registering for this course. Please contact sales@mioconsult.com
Registration
Getting Started
- Choose a course date and click “Register Now” enter your personal and company details.
- Select payment via bank transfer or credit card.
- Read the privacy policy and agree to the terms and conditions.
- Click “Place Order” and sign the mutual NDA re informtion sharing.
- You will receive an automatic email confirmation, followed by an invoice.
For assistance in registering, raising a Purchase Order or invoicing, please do not hesitate to contact sales@mioconsult.com.
Transfer & Cancellation Policy:
Flexible Transfer – 2 options:
Option 1: Send a suitable replacement to avoid cancellation charges. Email participant details to workshops@mioconsult.com.
• Option 2: Transfer your registration once at no cost if done 3 weeks prior, or to another course within a year.
Cancellation Fees:
• Less than 14 days: Full fee applies.
• 15-30 days prior: 60% of the fee applies.
• More than 30 days: €600 cancellation fee.
• Repeated Postponement: No refund on subsequent cancellations.
Course Cancellation by MIOCONSULT:
• In case of Force Majeure, MIOCONSULT is not liable for travel costs, but registration can be transferred to another course.
Insurance & Liability:
Participants are advised to secure travel, health, and accident insurance. MIOCONSULT is not liable for personal injuries or property damage.
Included in the Registration Fee:
• Access to an interactive, small-class course (max twenty (20) participants).
• Digital course materials.
• Certificate of attendance signed by a MIOCONSULT expert.
Special Offers:
• Biotech Executives: Start-ups and academia may apply for a €250 discount. Contact sales@mioconsult.com for details.
Group Discounts:
Available for teams of three (3) or more. Contact sales@staging.mioconsult.com for more details.
Course Dates & Fees
3.697,00 € excl. vat
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