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Management Forum

Finance for Non-Financial Leaders in the Pharmaceutical Industry Training Course

Gain essential financial fluency for today’s complex pharma environment. This intensive two-day course helps non-financial leaders interpret P&L, manage compliance, and link strategic, operational, and regulatory decisions to financial performance

14-15 May 2026
+ 19-20 November 2026 »

from £999

Need help?  Enrol/reserve

Course overview

In today’s highly regulated and cost-sensitive pharmaceutical environment, financial literacy is no longer optional for business leaders - it’s a strategic necessity. Every decision, from R&D investment to market access and compliance, directly impacts the Profit & Loss (P&L) and long-term value creation.

This intensive two-day interactive workshop is designed specifically for non-financial leaders across the UK and global pharmaceutical sector who need to understand how financial principles integrate with the unique regulatory, pricing and compliance frameworks shaping pharma performance.

Through a mix of hands-on case studies, financial modelling exercises and a capstone simulation, participants will gain practical insight into how financial decisions interact with VPAG pricing, HTA outcomes, IFRS reporting, and compliance obligations under GxP, ABPI, and global anti-bribery frameworks.

By the end of the course, you’ll be able to confidently interpret and explain a pharma P&L, connect operational and regulatory realities to financial outcomes, and apply accounting and compliance standards to real-world business scenarios. You’ll also learn how to anticipate the financial impact of complex issues such as serialisation, managed entry agreements, transfer pricing and global tax reforms.

Whether you lead commercial, operational, or compliance teams, this programme will equip you with the financial fluency and strategic insight to contribute effectively to cross-functional decision-making and drive sustainable growth in a challenging global market.

During this highly interactive course, the expert trainer uses a practical, case-based learning approach that bridges technical finance with pharmaceutical operations, including:

  • Interactive simulations: scenario-driven exercises where teams interpret real-life product P&Ls and cash-flow impacts
  • Worked models: participants use tailored Excel tools (gross-to-net waterfall, rebate accrual engine, NPV calculator) to quantify and visualise financial outcomes
  •  Regulatory crosslinks: each finance topic is tied to live UK and global regulatory sources (KPMG, GOV.UK, EMA, OECD, ABPI)
  • Capstone session: a group-based simulation integrating finance, compliance, and strategy to manage a hypothetical product through a complex pricing and supply chain challenge

Delegates will benefit from a toolkit for ongoing reference, including:

  • Excel models: gross-to-net waterfall, rebate accrual engine, NPV scenario tool
  • Checklists: VPAG forecasting checklist, ABPI/EFPIA disclosure template, BEPS Pillar Two readiness scan, GxP/GVP financial triggers, DSCSA/FMD compliance tracker
  • Reference compendium: summaries of key regulatory and financial frameworks, including IFRS, OECD, MHRA, and ABPI updates.

 

Key references (standardised citations):

  • GOV.UK – Voluntary Scheme for Branded Medicines (2024–2028)
  • KPMG Pharma Accounting Updates (Revenue Recognition & IFRS Applications)
  • EMA – Good Manufacturing Practice and Serialization Guidelines
  • OECD – Base Erosion and Profit Shifting (Pillar Two Framework)
  • ABPI – Code of Practice (2024)
  • MHRA – GxP Data Integrity Guidance

All financial and regulatory frameworks used in this training reflect the latest publicly available
guidance at the time of delivery. (VPAG rates, DSCSA/FMD timelines, OECD BEPS Pillar
Two thresholds, etc., are subject to periodic revision.)

Browse our extensive selection of Life Sciences training courses for industry-leading insights into a range of topics. These include Medical Devices, IVDs, Biotech and Biopharma, Animal Health and Pharmaceutical training courses.

Benefits of attending

By the end of the course, participants will be able to:

  • Interpret a pharmaceutical Profit & Loss statement, identifying the impact of rebates, chargebacks, clawbacks, and returns on gross-to-net revenue
  • Apply IFRS 15, IAS 38, and IAS 37 standards to real-world pharmaceutical settings, understanding how revenue recognition, development capitalisation, and provisions interact within R&D and market access portfolios
  • Navigate the UK VPAG 2024–2028 pricing framework, model revenue implications of NICE and HTA outcomes, and integrate these into business forecasts
  • Recognise the financial consequences of GxP, GMP, and MHRA compliance deviations - from yield losses and write-offs to impairments
  • Integrate key compliance frameworks (ABPI/EFPIA, UK Bribery Act, US FCPA, Anti-Kickback Statute, Sunshine Act/Open Payments) into SOPs and finance controls
  • Understand OECD BEPS Pillar Two and global minimum tax reforms for multinational pharma operations, and model their impact on tax and transfer pricing decisions
  • Assess how serialisation and traceability regulations (EU FMD and US DSCSA 2024/2025) influence financial exposure, inventory management, and working capital.

Who should attend?

This programme has been designed specifically for senior and mid-level managers, team leaders and technical specialists from R&D, clinical, regulatory, commercial, sales and marketing, manufacturing, distribution and purchasing in the pharmaceutical industry.

  • General managers and team leaders
  • Operations directors
  • Business unit heads of department
  • Technical specialists from R&D and clinical
  • Medical affairs professionals
  • Commercial and brand managers
  • Quality assurance managers
  • Regulatory affairs managers
  • Procurement and supply chain managers
  • Market access and pricing managers
  • Legal and compliance officers
  • Finance business partners transitioning into strategic finance roles
  • Non-financial executives preparing for senior leadership roles

Enrol/reserve

This course will cover:

Module 1: Revenue, Costs, Inventory & GxP

Welcome & diagnostics

  • Poll: comfort with P&L, balance sheet, cash flow; ‘where finance meets pharma’ map

Anatomy of a pharma P&L

  • Revenue lines: list price vs gross-to-net (commercial & government rebates, returns, clawbacks)
  • IFRS 15: variable consideration estimation & constraint; typical data sources (contracting, primary sales, rebate accrual models) (KPMG)
  • Exercise: Build a gross-to-net waterfall and sensitivity (volume mix, rebate %)

Costs, inventory & GMP realities

  • COGS under GMP/cGMP: batch failures, yield loss, QC release timing; ties to EU GMP and 21 CFR 210/211 (Public Health)
  • Inventory valuation (IAS 2) and impairment triggers (IAS 36) when stability/deviation issues arise
  • MHRA GxP data integrity → audit trails → write-offs/provisions (GOV.UK)
  • Exercise: Calculate the cash impact of a 2% yield loss and a 1-month QP release delay

Module 2: R&D, pricing access and global compliance

R&D, intangibles & portfolio spend

  • IAS 38: expense research vs capitalise development; criteria & evidence packs in pharma; impairment testing (IFRS)
  • Milestones, options, in-licensing/out-licensing - accounting touchpoints
  • Exercise: Decide capitalise vs expense for a Phase III program with CMC workstreams

UK pricing & access: VPAG and NICE

  • VPAG 2024–2028: structure, 2025 headline payment % = 22.9%, budgeting and revenue guidance impacts (GOV.UK)
  • NICE technology appraisals (STA/HST), QALYs & ICER £20–30k; budget impact and patient access agreements
  • Exercise: Model a VPAG clawback and a NICE-driven price cut into a forecast

Global compliance that hits finance

  • ABPI Code / Disclosure UK, EFPIA transparency; controls to avoid mis-posting
  • UK Bribery Act (adequate procedures; reasonable hospitality) (GOV.UK)
  • US FCPA, Anti-Kickback Statute & Open Payments: risk areas in speaker fees, grants, research funding
  • Exercise - controls lab: map these rules to finance approvals, GL tagging, and third-party due diligence steps

Module 3: Decisions, tax and supply chain risk

Decision finance for leaders

  • Cash vs profit; NPV/IRR for launch, capacity, or localization; scenario & sensitivity trees
  • Working-capital levers in pharma (inventory turns under GMP lead times; serialisation buffers)

International tax & operating models

  • OECD BEPS Pillar Two (15% minimum) - who it hits, what to monitor (ETR, topup tax), and implications for site/location choices and transfer pricing (OECD)
  • Exercise: Pillar Two quick-scan - where might your group face top-up tax?

Supply-Chain Integrity & Financial Risk

  • EU FMD serialisation and write-off risk; US DSCSA 2024/2025 interoperable traceability → revenue hold risks & chargebacks (EMA)
  • Exercise: Quantify the cash impact of a serialisation/traceability non-compliance hold

Module 4: Revenue excellence, risk and capstone

Revenue excellence in practice

  • Contracting mechanics: tenders, patient access/MEAs, returns and recalls
  • Deep dive IFRS 15: estimating rebates/returns, constraint, true-ups; audit trail expectations (KPMG)
  • Exercise - workbook: Build a rebate accrual model (baseline vs stretch scenarios) and draft disclosure notes

Risk, controls & governance

  • Linking GxP deviations, GVP pharmacovigilance obligations and recall decisions to provisions (IAS 37) and impairment; board reporting (EMA)
  • Exercise: Draft a finance–QA joint KPI set (deviation cost per batch, right-firsttime, stability failures, PV signal cost)

Capstone simulation

  • Team case: one product faces
    • (i) VPAG clawback uplift
    • (ii) DSCSA system delay at a 3PL
    • (iii) PV signal requiring label change
  • Teams update P&L/CF forecast, set provisions, outline controls & stakeholder comms (NHS, HTA, HCP transparency)

Action plans and 30/60/90-day commitments

Enrol/reserve

Gazi Arif

Gazi Arif is a consultant and corporate trainer and economist with over 15 years’ experience designing and delivering executive education for global organisations across finance, strategy, leadership and risk management. His programmes combine analytical rigour with actionable tools, enabling leaders to make faster, smarter, and ROI-driven business decisions.

He has worked across many industries including finance, healthcare, energy, law, and professional services. Having trained professionals from the NHS, DWP, ARAMCO and the European Central
Bank, amongst others, Gazi Arif is renowned for his interactive, case-based teaching style and his ability to translate complex financial and economic concepts into clear, results-oriented insights. 

He holds a PhD in Economics and is a member of the Chartered Institute for Securities
& Investment (CISI), a member of the Royal Economic Society (UK) and a Fellow of the HigherEducation Academy (FHEA). His teaching style bridges academia and industry, helping organisations build financial fluency, leadership capability and strategic agility in a changing global economy.

His selected publications & media include “Why Businesses Must Take Corporate Digital Responsibility” – Raconteur Magazine (2021), book chapter: “Constraints in Bank Interest Rates in DSGE Models” - Pilbeam (2021), and reviewer for the Journal of Banking and Finance and the Journal of Applied Corporate Finance.

More details

NEW higher discounts for multiple bookings - bring your colleagues to make your training budget go further:

  • 30% off the 2nd delegate*
  • 40% off the 3rd delegate*
  • 50% off the 4th delegate*

Please contact us for pricing if you are interested in booking 5 or more delegates

14-15 May 2026

Live online

09:00-17:00 UK (London) (UTC+01)
10:00-18:00 Paris (UTC+02)
04:00-12:00 New York (UTC-04)
Course code 16837

  • GBP 999 1,199
  • EUR 1,399 1,679
  • USD 1,607 1,919

Until 09 Apr

View basket 

 
Not ready to book yet?

for 7 days, no obligation

19-20 November 2026

Live online

09:00-17:00 UK (London) (UTC+00)
10:00-18:00 Paris (UTC+01)
04:00-12:00 New York (UTC-05)
Course code 16839

  • GBP 999 1,199
  • EUR 1,399 1,679
  • USD 1,607 1,919

Until 15 Oct

View basket 

 
Not ready to book yet?

for 7 days, no obligation

* Early booking discounts may not be combined with other discounts or offers. As such, the discounts for 2nd/3rd/4th delegates are based on the full price; and apply only when booking multiple delegates on the same date.

Run Finance for Non-Financial Leaders in the Pharmaceutical Industry Live online for your team

2 days

Typical duration

Pricing from:

  • GBP 800
  • Per attendee, based on 10 attendees
  • Course tailored to your requirements
  • At your choice of location, or online

 

We can customise this course to your requirements and deliver it on an in-house basis for any number of your staff or colleagues.

Contact our in-house training experts Aleksandra Beer and Yesim Nurko to discuss your requirements:

Multiple colleagues? See above for details of our discounts for 2, 3, or 4 delegates. For more, talk to one of our training experts to discuss how to:

Run this course conveniently and cost-effectively in-house for your staff and colleagues

Aleksandra Beer

Aleksandra
BEER

Training expert

Yesim Nurko

Yesim
NURKO

Training expert

Yesim Nurko

Harry
ALTAMONT

Training expert

+44 (0)20 7749 4749

inhouse@ipiacademy.com