benchmark study of the application of IFRS in the Life ...

Benchmark study
benchmark study of the of the application in
application of IFRS in the Europe of IFRS in the
Life Sciences Sector.*Life Sciences Sector*At PricewaterhouseCoopers Nederland, over 4,500 professionals work together
covering various disciplines: Assurance, Tax and Human Resource Services,
and Advisory. On the basis of our corporate philosophy, Connected Thinking,
we provide sector-specific services and seek novel solutions. Not only for large
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strengths.
www.pwc.nl Assurance • Tax • AdvisoryContents
Introduction 4
Executive summary 6
Benchmark of key IFRS topics for the Life Sciences sector 9
First-time adoption of IFRS 9
Share-based payment 14
Research and development expenditure 19
Business combinations including goodwill and other intangible assets 24
Revenue recognition 27
Deferred tax 34
Other adjustments and accounting areas 38
Making it more than just about the numbers – embedding IFRS 39
Appendix A: Overview of companies included in the benchmark 40
Your contacts 41
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