Accounting for Innovation — Michelle Olufeso-Nwokobia
New Release

Accounting for Innovation

Revenue Recognition in the Age of Biotech Breakthroughs

Michelle Olufeso-Nwokobia

20+ years of IFRS deal accounting across pharma, biotech, and MedTech — distilled into one practical guide for finance leaders who need to get it right before the deal is signed.

IFRS 15 IAS 38 Licensing deals R&D collaborations Strategic alliances
Get the book → Preview & contents
Jump to Book formats Preview & contents Practitioner packages Deal team packages
Preview & contents

Explore the book before you buy

Flip through sample pages or read the full chapter breakdown — your choice.

Who it's for

Built for the professionals in the room
when deals are signed

CFOs & Finance Directors

Ensure accounting treatment is determined before the term sheet is signed, not after.

VP Finance & Deal Accountants

A working reference for every stage of the deal lifecycle — from structuring to post-close reporting.

Business Development Executives

Understand the accounting consequences of deal structures before they become constraints Finance must manage for years.

Auditors & Audit Committees

Independent reference for challenging accounting judgements on complex licensing arrangements.

Students & Early-Career Accountants

An authoritative reference for IFRS 15 in the life sciences context — bridging the gap between the standard and real-world application.

Get the book

Choose your format

All formats contain the complete text. Ebook delivers instantly. Print ships via Lulu's local European fulfilment network.

Digital

Ebook

€59.99 PDF download
  • Instant delivery to your inbox
  • Complete text, all case studies
  • Searchable reference format
  • ISBN: To be assigned
Buy ebook — €59.99 →
Print

Hardcover

€69.99 print copy
  • Hardbound professional edition
  • Printed and shipped via Lulu
  • Complete text, all case studies
  • ISBN: 978-1-0666636-0-6
Buy hardcover — €69.99 →
Bundle offers

Book + frameworks — built for every role

The book provides the principles. The frameworks put them to work on live deals. Buy together and save.

Practitioner packages For individual finance leaders, CFOs, and advisers
Starter

Book + Essentials

€139 €204
  • Accounting for Innovation (ebook)
  • Balance Sheet Due Diligence Checklist
  • Hidden Liability Due Diligence Checklist
  • Three Critical Documents Review Guide

Save €65

Get Starter bundle →
Need a single framework only?
Browse individual frameworks →
Deal team packages For deal teams, VC portfolios, and corporate development groups
Full Library

Everything — Book + All Five Frameworks

€849 €1,127
  • Accounting for Innovation (ebook)
  • Balance Sheet Due Diligence Checklist
  • Hidden Liability Due Diligence Checklist
  • Three Critical Documents Review Guide
  • 24-Month Cash Flow Model Template
  • Complete Deal Review Pack
  • CFO Governance Sign-Off Pack

Save €278 — the complete MIO Consult toolkit

Get the Full Library →
Reviewing multiple deals per year?
Ask about volume access →
Reader reviews

What readers are saying

A Must-Read for Anyone Navigating Biotech Finance. Accounting for Innovation is one of the most insightful and timely books I have read on the financial mechanics behind modern life sciences. It takes a notoriously complex topic — biotech revenue recognition — and turns it into a clear, compelling, and surprisingly engaging narrative. What makes this book stand out is its ability to bridge technical accounting rigour with the strategic realities of biotech business models. The case studies are particularly strong. They illuminate how real biotech companies navigate uncertainty, structure deals, and manage investor expectations in an industry where revenue is anything but linear. What I appreciated most is that the book never loses sight of the bigger picture: revenue recognition is not just compliance — it is strategy. Whether you work in biotech finance, audit, corporate development, or simply want to understand how innovation becomes economic value, this book is an essential read. A rare combination of depth, clarity, and relevance.

Prof. Dr. Geoffrey K. Writes, June 2026  ·  University of Maryland Global Campus–Europe  ·  University of Warwick, Coventry, UK
Publisher & press enquiries

Contact the author

For publisher, press, rights, or bulk order enquiries, email publishing@michelleolufeso.com directly, or use the form below.

About the author
Michelle Olufeso-Nwokobia

Michelle Olufeso-Nwokobia

Co-developer, IFRS 15 | IFRS Deal Accounting Adviser | Principal, MIO Consult GmbH

Michelle Olufeso-Nwokobia is a specialist IFRS adviser with over 25 years of experience in corporate finance across pharmaceuticals, biotech, MedTech, telecoms, and financial services. She is the Principal of MIO Consult GmbH, a German-registered advisory practice specialising in IFRS deal accounting and in-house training for pharma, biotech, and MedTech organisations.

She co-developed IFRS 15, representing Roche at the IASB, FASB, Business Europe in Brussels, and SwissHoldings in Bern during the standard-setting process. She also taught the Roche Diploma in Accounting — both Basic and Advanced — delivering IFRS training to finance personnel globally.

Prior to founding MIO Consult, Michelle held senior positions at Roche AG in Basel — including Head of Accounting External Relations and Global Alliances Accounting Expert — as well as roles at Credit Suisse, Lehman Brothers Europe, and MCI WorldCom GmbH.

Co-developer, IFRS 15 Ex-Roche AG Basel IASB & FASB Representative Business Europe, Brussels SwissHoldings, Bern