Discover the power of Akssai’s specialized accounting and financial services for the pharmaceuticals and life sciences industry. With our deep understanding of the unique financial challenges and regulatory landscape in this dynamic sector, we provide comprehensive solutions to empower your financial health. Â
From managing complex revenue recognition and cost accounting to optimizing R&D funding and compliance with industry-specific regulations, our team of experts ensures accurate financial reporting, strategic financial planning, and risk management. Partner with Akssai to unlock the full potential of your pharmaceutical or life sciences business, driving financial success and fuelling innovation in this critical field.Â
processes specific to pharmaceutical and life sciences companies, ensuring compliance with industry regulations and accurate financial reporting. Implement cost accounting systems to track and analyze costs associated with research and development, manufacturing, and distribution.
Prepare financial statements and reports under industry-specific regulations, such as International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP). Ensure compliance with regulatory bodies, such as the Food and Drug Administration (FDA), and assist with audits and reviews.
Offer specialized financial support and guidance in managing R&D funding, grants, and contracts. Help maximize funding opportunities, track expenses, and comply with reporting requirements for government grants and research collaborations.Â
Develop inventory control systems tailored to the unique needs of pharmaceutical and life sciences companies. Implement strategies to optimize inventory levels, monitor expiration dates, and manage serialized and batch-tracked products.Â
Conduct comprehensive cost analyses to determine product costs, including direct costs, indirect costs, and overhead expenses.
Assist in financial planning, budgeting, and forecasting to support strategic decision-making. Develop financial models, evaluate investment opportunities.
Manage financial aspects related to research grants, clinical trials, and contract services. Track project expenses, ensure proper revenue recognition.
Provide tax planning strategies specific to the pharmaceutical and life sciences industry, taking into account tax credits, incentives, and deductions available.
Conduct financial analysis, including key performance indicator (KPI) tracking, benchmarking, and variance analysis. Provide insights into profitability.
Perform business valuations for mergers, acquisitions, or investment purposes. Conduct due diligence on financial records, contracts, and licensing.
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