SoCalBio Office Hours: CBIZ

As a service to SoCalBio members, we offer these office hours to meet and learn from seasoned business professionals about any business issues on your mind.

This office hours will feature a keynote presentation by Tom McGauley, Director CBIZ Accounting Advisory Practice.

CBIZ MHM’s Accounting Advisory services typically expand with our clients as they grow and build an internal team. For early-stage and VC/PE backed life science companies, typical services include…

• Back office accounting, A/P, and Payroll
• Board reporting and CFO support
• Technical accounting typically starts around the time of Series A fundraising
• Collaboration and R&D agreements
• Stock-based compensation
• Financial statement preparation and audit readiness

For middle-market life science companies, typical services include…

• Assistance with technical accounting needs
• Accounting for a recent acquisitions (purchase accounting)
• Revenue recognition (both implementation and ongoing support)
• Lease accounting (both implementation and ongoing support)
• Impairment (especially as a result of COVID-19)
• Fixed assets
• Goodwill and intangible assets
• Stock-based compensation
• Implementation of stock compensation software
• Financial statement preparation and audit readiness
• IPO readiness

Portfolio of Services offered by the Accounting Advisory Practice

Financial Statement Preparation

• Financial Organization and Process Re-Engineering
• Business Process Outsourcing
• Assistance building or enhancing a chart of accounts
• Creation of financial statement and disclosure templates
• Financial statement drafting
• Audit readiness
• Purchase accounting

Interpretation and Implementation of Accounting Standards

• Revenue recognition
• Lease accounting
• Stock compensation
• Complex equity accounting
• Impairment analysis
• Collaboration agreements
• Licensing
• Internal use software

Business Process Outsourcing

• Controller
• Chief Financial Officer
• General accounting and payroll
• Budgeting and forecasting
• Financial modeling
• Assistance in preparation for capital raises
• Fresh start accounting
• IPO readiness