Infographic: Why Finance-Owned Reporting is Vital for the Pharmaceutical Industry
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Pharmaceutical finance and accounting professionals are already facing complex issues, needing to make judgement calls on applying existing rules to R&D costs, acquisitions, contingencies, revenue recognition, income taxes, financial statement presentation and disclosure, and more. Technology is accelerating research and development, and simultaneously fueling the digital transformation of the pharmaceutical industry. How can pharmaceutical accounting departments keep up? This infographic highlights how your finance team can benefit from finance-owned reporting.
The pharmaceutical industry has historically had weaker working-capital performance comparative to other industries. Read more about how finance teams with effective working capital management practices can help ease the strain.
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