Ideas & Insights

Franchisors are in for major changes in the way they recognize revenues. Learn more about the new standards and how to address them.

A recent ASU addresses the accounting by a private-company franchisor for certain pre-opening services provided to a franchisee.

The OECD’s guidance illustrates how the pandemic may impact arm’s length results, including lower profits and even losses.

A recent proposed ASU addresses the accounting for revenue contracts with customers acquired in a business combination.

Our technical accounting consulting team help tackle your complex accounting needs with dedicated industry professionals.

A recent proposal would simplify how private-company franchisors analyze their performance obligations in accordance with ASC 606.

RSM’s approach to implementing new standards differs because we take a practical, hands-on approach; our depth and experience sets us apart.

On May 20, 2020, the FASB approved one-year effective date deferrals for certain entities for ASC 606 and ASC 842.

Due to the coronavirus, the FASB recently proposed a one-year effective date delay for certain entities for ASC 606 and ASC 842.

FASB to propose deferring the effective dates of ASC 606 for private franchisors and ASC 842 for certain entities.

How RSM conquered a time crunch in helping a large conglomerate prepare for an initial filing and life as a public company.

Our updated white paper will further assist financial institutions in applying the new revenue recognition model.

Our updated white paper will assist entities in the insurance industry in applying the new revenue recognition model.

A recent FASB publication integrates previously issued FASB staff, TRG and PCC revenue recognition memos into a Q&A format.

A white paper about how entities in the life sciences industry may be affected by the new revenue recognition guidance in ASC 606.

A white paper about how entities in the technology industry may be affected by the new revenue guidance in ASC 606.

Revenue Procedure 2019-43 supersedes Rev. Proc. 2018-31, providing procedures to change accounting methods with automatic consent.

We have issued an updated version of our white paper to further assist health care entities in applying ASC 606.

Rev. Proc. 2019-37 offers procedures for accounting method changes to comply with proposed regulations under sections 451(b) and 451(c).

The much anticipated proposed regulations, under Reg. section 1.451-3, implement section 451(b) and affect nearly every taxpayer.

Proposed Reg. section 1.451-8 clarifies how taxpayers can use the section 451(c) method to defer recognition of certain revenue.

A white paper about how entities in the health care industry may be affected by the new revenue recognition guidance in ASC 606.

What have leaders of public companies learned during their implementation process; how can these lessons help other entities?

Join RSM for a revenue recognition standard (ASC 606) update for business and professional services companies.

Retail, fashion, food and beverage, and restaurant executives should ask these questions to determine the impact of ASC 606.

A white paper describing the impact of the new revenue recognition standard on federal government contractors.

A white paper about how entities in the consumer products industry may be affected by the new revenue recognition guidance in ASC 606.

A white paper about how asset managers may be affected by the new revenue recognition guidance in ASC 606 and cost guidance in ASC 340-40.

IRS provides automatic consent for method changes implementing the yet-to-be-clarified revenue recognition rules of section 451(b).

Join RSM on Sept. 11 as we share our insights on how the new revenue recognition standard (ASC 606) affects the real estate industry.

A white paper about how entities in the industrial products industry may be affected by the new revenue recognition guidance in ASC 606.

An overview of the clarifications to identifying reciprocal and nonreciprocal transactions and conditional and unconditional contributions.

Tech companies: New revenue recognition implementation can be challenging but there are opportunities to improve processes and systems

Business and professional services: Prepare for the new revenue recognition guidance. Understand certain accounting considerations.

Some automotive parts entities have encountered accounting and operational challenges in applying the new revenue recognition standard.

A comprehensive white paper about how construction contractors are affected by the new revenue recognition guidance in ASC 606.

Watch to learn insights on implementing the new revenue recognition standard (ASC 606) for your technology company.

IRS warns taxpayers that federal law controls the characterization of payments made in exchange for state and local tax deductions.

Join RSM as we share our insights on implementing the new revenue recognition standard (ASC 606) for your manufacturing company.

Automatic method change procedures available for concurrent changes to adopt the new financial accounting revenue recognition standards.

Our whitepaper demonstrates that private companies should light the fire of urgency with respect to implementing FASB ASC 606.

Our whitepaper explains how a private company can be in a position to efficiently adopt the FASB’s new revenue recognition guidance.

Two executives discuss their experiences implementing ASC 606 and draw the same conclusion: It takes more time than you expect.

RSM professional talks about the impacts of the new revenue recognition standard and its effect on private equity firms.

Listen and learn: Insights on how the new revenue recognition standard (ASC 606) will affect your PE portfolio investments.

Compliance with the revenue recognition standard may be more challenging and require more effort than many companies realize.

A white paper that discusses topics member-owned private clubs should consider when applying the new revenue recognition guidance.

A tax-specific perspective on the new financial accounting revenue recognition standards and the impact on the technology industry.

Join RSM as we share our insights on how the new revenue recognition standard (ASC 606) affects the consumer products industry.

Watch as we share our insights on how the new revenue recognition standard (ASC 606) affects the manufacturing industry.

We’ll discuss revenue recognition, goodwill, tax reform and the regulatory examination process specific to employee stock ownership plans.

Read more for insights on how the new revenue recognition standard (ASC 606) will affect the construction industry.

Due to its complexity, preparing for and complying with ASC 606 may be more challenging than many companies realize.

Revenue recognition case study looking at best practices from General Dynamics’ ASC 606 early adoption and implementation.

As the only CPA firm authorized to implement ARM for NetSuite, RSM is uniquely qualified to help answer all your ASC 606 questions.

The way that companies recognize revenue will soon change and it is time for construction companies to start planning to be in compliance.

IRS seeks input on proposed guidance for requesting accounting method changes in year that new financial accounting standards are adopted.

In this recorded webcast, RSM’s accounting thought leaders discuss the guidance in Topic 606, Revenue from Contracts with Customers.

View this webcast to learn how the new revenue recognition standard (ASC 606) affects the life sciences industry (CPE eligible).

A summary of how providers of business and professional services may be affected by the new guidance in ASC 606.

Our comprehensive guide on ASC 606 includes in-depth discussion and many examples on the new revenue recognition model.

Join RSM on Nov. 30 as we share our insights on how the new revenue recognition standard (ASC 606) affects the technology industry.

This 12-part video series covers elements of revenue recognition important to Topic 606 implementation for public and private companies.

An overview of the new guidance in ASC 606 (as amended) and highlights of the fundamental changes ASC 606 will bring.

Carbon Black had NetSuite, but leveraged RSM’s industry knowledge to optimize its internal operations, accounting and finance processes.

In-depth financial reporting knowledge and objective financial advice for all stages of the business life cycle.

Learn about the Financial Accounting Standards Board (FASB) new revenue recognition guidance and how it will impact your technology company.

This resource center provides information about the FASB revenue recognition standard, guidance, implementation ideas and tax implications.