The SUMIFS formula is a powerful formula that every biotech accountant should be able to use. Today, I am going to walk...

Excel's SUMIFS formula is a simple but powerful function that any model-builder should understand. The logic is simple....

ASC 606 has made understanding revenue recognition patterns more complicated. Having an understanding of the model...

Build better financial reports in Excel

by Paul Giese on Jun 22, 2018 8:00:00 AM

Excel is a powerful tool. Almost every small company uses Excel to track budgets, forecasts and long range plans. But,...

You might think that a long range plan (LRP), budget and forecast are interchangeable. The differences were hazy to me...

The biotech IPO market is strong, with over 20 biotech IPOs announced this year through May 2018. If your company is...

Start with Assumptions

by Paul Giese on Jun 19, 2018 9:14:15 PM

Key assumptions are the foundation of any model. Modelers should focus the majority of their effort compiling and...

In May 2014, the Financial Accounting Standards Board (or FASB) issued ASU 2014-09, Revenue from Contracts with Customers...