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SoCalBio Office Hours: CBIZ

June 3, 2021 @ 4:00 pm - 6:00 pm

Join us for the SoCalBio Office Hours with CBIZ

About this event

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


Instrument Kit03