Advanced

Pharma: R&D Milestone Payment Accounting

Determines when to recognize revenue or expense for drug development milestones.

Analyze a clinical trial agreement between {pharma_company} and {partner_lab}. The agreement includes a {milestone_amount} payment triggered by {milestone_event} (e.g., Phase III success). Under ASC 606, evaluate if this is 'Variable Consideration' and if it should be included in the transaction price today.

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Month-End Close Checklist Generator

Generates a comprehensive month-end close checklist tailored to your company type and size.

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Financial Accounting
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ASC 606 contract intake: performance obligations & allocation

Analyzes a customer contract under ASC 606/IFRS 15: identifies performance obligations, determines transaction price, and allocates consideration. Produces a concise memo and a revenue schedule outline.

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Financial Accounting
Advanced

IFRS 15 variable consideration constraint assessment

Evaluates variable consideration and the constraint, documenting probability-weighted outcomes and recognition impacts. Helps controllers defend judgments and build consistent templates across contracts.

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