In this episode, BYU Tech Transfer Director Dave Brown and Office Controller David Campbell discuss the five main accounting challenges faced by university tech transfer offices. They cover essential topics like:
- Intellectual property valuation
- Navigating revenue recognition complexities
- Understanding cost allocation in tech transfer
They also dive into the intricacies of contract management and compliance with federal reporting requirements. This episode is valuable for tech transfer professionals, inventors, and university administrators looking to understand the financial side of tech transfer operations and the strategic role of sound accounting practices in managing innovation and technology commercialization.