You don't have to be a CPA, but every Licensing Executive should have a firm grasp of some key accounting principles. We will cover the need-to-know basics of the Income Statement and Balance Sheet and the most common accounting issues related to licensing. Topics to be discussed will include: - Understanding key accounting principles and their differences - Financial Statement versus License Agreement accounting - Accrual versus Cash accounting - Income statement revenue recognition rules - Affiliate companies and consolidation of financial statements - Royalty base calculation do's and don'ts - Discounts and allowances and what that means in accounting terms - Transfer pricing - Valuation inputs - Audit clause record request - Going concern issues - and more

Session Pricing:

Member: $99
Nonmember: $149