Biotechnology companies face considerable challenges in applying accounting principles related to revenue recognition because they partner with larger companies through collaborative arrangements to pursue scientific innovation. Under these arrangements, the companies agree to share technology and research costs associated with bringing medical therapies to market, and this gives them access to additional funding and commercialization networks. How the companies should recognize revenues under these arrangements is not entirely clear under current accounting guidance, and some companies have had to restate their financial results because of the lack of clarity. Moreover, some commentators have suggested that the current rules may not accurately reflect the underlying economics of the deals.

The Knowledge Congress is assembling a panel of accounting and biotechnology industry experts to help biotechnology company finance and legal advisers understand the revenue recognition principals as applied in this industry. Panel members will share their expertise in a LIVE two-hour Webcast.

Course Level: Intermediate
Prerequisite: None
Method Of Presentation: Group-Based-Internet
Developer: The Knowledge Conference
Recommended CLE/CPE Hours: 1.75 - 2.0
(Please note, your State Bar or Accounting Board will make the final determination with respect to continuing education credit. If you are applying for CLE credit in Texas you must register 20 days before the event date.)
Advance Preparation: Print and review course materials
Course Code: 093864
Recording Fee: $299 (Please click here for details)
NASBA Sponsor Number: 109004

Who Should Attend?

- Biotech Firms,
- CFO's
- CPAs
- Controllers
- Accountants
- Auditors
- Senior Finance Executives
- Pharmaceutical and Biotech professionals
- Biotechnology and Medical Device Industries

Why Attend?

This is a must attend event for anyone interested in having clear understanding on Revenue Recognition for Biotech Firms
- New guidance explained by the most qualified key leaders & experts
- Hear directly from key regulators & thought leaders
- Interact directly with panel during Q&A

Registration has been closed for this event.
Click below to order the recording.
Wednesday, July 29, 2009,  
3:00pm to 5:00pm (ET)

Revenue Recognition for Biotech Firms
Speaker Firms:

Media Partner:

The Knowledge Conference is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN, 37219-2417. Website: www.nasba.org

We are an approved multi-event sponsor in the state of California. Our provider ID is: 14451. In Texas, Illinois, and Virginia, we submit programs for individual approval in advance. In all other states, once attendance is verified, participants are emailed an official certificate of attendance which they submit to their respective State Bar Associations. Our programs are created with continuing education in mind and are therefore designed to meet the requirements of all State Bar Associations. If you have any questions, please email our CLE coordinator at: info@knowledgecongress.org Attention New York Attorneys: This program is approved for CLE credit under New York’s Approved Jurisdiction policy. The Knowledge Group, LLC is an approved sponsor in the state of California, a New York Approved Jurisdiction. This program fulfills the non-traditional format requirement of exceeding 60 minutes in length. Please note only experienced attorneys (more than 2 years) are eligible to receive CLE credit via non-traditional format learning platforms. The Knowledge Group will verify attendance during the webcast via secret words (3 per credit hour) and by auditing attendees log in and log out records. All verification instructions will be provided during the webcast. Once attendance verification requirements have been completed, the attendee will be issued a certificate of attendance be The Knowledge Group for the course with the recommended number of credit hours. The Certificate of Attendance is normally sent via email in 24 hours or less. To Claim Your CLE Credits: The attorney should simply include credits earned via Knowledge Group webcasts when computing the total number of CLE credits completed, and keep the Knowledge Group Certificate of Attendance for a period of at least four (4) years in case of audit. An attorney may count towards her/his New York CLE requirement credit earned through the Approved Jurisdiction policy without notifying the CLE Board. To learn more about New York’s Approved Jurisdiction policy. Please visit: http://www.nycourts.gov/attorneys/cle/approvedjurisdictions.shtml

The Knowledge Congress is a series of live webcasts produced by The Knowledge Group, LLC, which examine trends, regulatory, and technology changes across a variety of industries. "We bring together the world's leading authorities and industry participants through informative two-hour webinars to study the impact of changing regulations."

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