Accounting for the pharmaceutical industry

We also maintain a Business and Industry Guide on the pharmaceutical sector and provide information on accounting for the healthcare profession.

Useful links

Accounting for fixed consideration in licence arrangements in the pharmaceutical and life sciences industry
Guide produced by PwC in April 2018 discussing the main impacts on accounting for certain forms of fixed consideration in licensing arrangements under IFRS 15, with illustrative examples.

IFRS – Issues and solutions for the pharmaceuticals and life sciences industry – 2017 edition
Report from PwC highlighting industry-specific accounting issues and offering commentary on accounting solutions for common commercial transactions under IFRS, including IFRS 15 and IFRS 9. Examples cover research and development, intellectual property, manufacturing and supply chain, sales and marketing, revenue recognition, and business combinations.

IFRS 15 for pharmaceuticals: Are you good to go?
Checklist of key considerations and impacts produced by KPMG in July 2017 for pharmaceutical companies implementing the new standard.

Accounting for financing arrangements in the life sciences sector: IFRS accounting considerations for option-based structures
Bulletin published by EY in July 2017 discussing key accounting considerations for typical option-based structures that have become increasingly common in the life sciences sector.

An industry focus on the impact of IFRS 16: Pharmaceutical and life sciences
Bulletin published by PwC in February 2016 highlighting the impact of the new standard on the pharmaceutical industry.

Online articles

The Library provides access to leading business, finance and management journals. These journals are available to logged-in ICAEW members, ACA students and other entitled users subject to suppliers' terms of use. 

Articles are available to logged-in ICAEW members, ACA students and other entitled users.

Articles and books in the Library collection

• View a list of articles and books in our collection on the pharmaceutical industry

To find out how you can borrow books from the Library please see our guide to book loans. You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.