Join RSM in our three-part webcast series to explore which of these three paths best fits your lease accounting needs.
Join RSM in our three-part webcast series to explore which of these three paths best fits your lease accounting needs.
SAS No. 144 addresses the auditor’s use of specialists and use of pricing information obtained from external information sources.
The FASB has proposed allowing lessees that are not PBEs to make the risk-free rate election by class of underlying asset.
A recent GASB Exposure Draft addresses financial reporting requirements related to accounting changes and error corrections.
The GASB recently issued implementation guidance that clarifies, explains or elaborates on recent GASB Statements.
A recent proposed ASU presents a portfolio layer method to allow multiple layers of a single closed portfolio to be hedged.
ASU 2021-04 clarifies the accounting for certain modifications or exchanges of freestanding equity-classified call options.
The OCC recently issued a Comptroller’s Handbook, which applies to OCC-supervised banks that have adopted ASU 2016-13.
The FASB staff recently made clarifying comments related to the new goodwill impairment triggering event alternative.
On April 12, 2021, the SEC issued a Staff Statement on Accounting and Reporting Considerations for Warrants Issued by SPACs.
Our white papers have been updated with more information regarding the accounting for PPP loans and the Employee Retention Credit.
A discussion of the accounting implications when a donor plans to use a donor-advised fund for a promise to give.
We have updated our white paper to discuss the interaction of Subtopic 815-40 with the SEC’s guidance on redeemable securities.
Our article discusses interest capitalization for a mandatorily redeemable financial instrument classified as a liability.
This updated version of our white paper will further assist franchisors in applying the new revenue recognition model in ASC 606.
This webcast offered an executive briefing addressing key financial, regulatory and governance issues for 2021. Learn what we uncovered.
With lease accounting compliance deadlines approaching, learn how strategy and technology can align for an effective compliance approach.
FASB votes to finalize a goodwill impairment triggering event alternative for private companies and not-for-profit entities.
The SEC recently cautioned companies regarding necessary offering disclosures during times of extreme price volatility.
A recent ASU addresses the accounting by a private-company franchisor for certain pre-opening services provided to a franchisee.
This webcast will offer an executive briefing addressing key financial, regulatory and governance issues for 2021.
Our white paper has been updated to reflect recent financial reporting developments resulting from the Coronavirus pandemic.
Certain expedients available under ASC 848 may be relevant now to entities that hedge LIBOR-based debt instruments.
The CAQ has updated its framework for compiling inflation data to assist financial statement preparers in applying ASC 830.
The GASB's guidance addressing financial reporting implications of the replacement of interbank offered rates.
The FASB has clarified that certain ASC 848 expedients and exceptions apply to derivatives affected by the discounting transition.
Potential extension of the financial reporting relief related to TDRs and CECL provided to certain financial institutions in the CARES Act.
FASB proposes a goodwill impairment triggering event alternative for certain private companies and not-for-profit entities.
The new standard on current expected credit losses (CECL) came into effect in 2020 for SEC filers that are not smaller reporting companies
Clarifications have been provided on the interagency statement on loan modifications for customers affected by COVID-19.
The GASB recently released a proposed implementation guide to address a wide array of practice issues related to GASB Statements.
We have published a new edition of our guide regarding the accounting for debt modifications, restructurings and exchanges.
The FASB will propose an ASU that would provide a goodwill impairment triggering event alternative for certain entities.
Our technical accounting consulting team help tackle your complex accounting needs with dedicated industry professionals.
A PCAOB resource provides information for audit committees about new requirements for auditing estimates and use of specialists.
Recently issued ASU 2020-11 provides an additional year for the implementation of ASU 2018-12 and eases its adoption provisions.
The SEC has provided transitional FAQs in response to questions about amended Regulation S-K Items 101, 103 and 105.
The SEC recently issued a final rule to address difficulties and confusion in applying the exempt offering framework.
A recently released mortality improvement scale should be considered when measuring benefit plan costs and obligations.
The Chief Accountant of the SEC Division of Investment Management recently addressed certain financial reporting matters.
A recent FASB proposal addresses the accounting for modifications or exchanges of certain equity-classified forwards and options.
The FASB recently proposed amendments to address certain issues arising from the adoption of the leases standard.
Our annual Effective Date Reminder lists pronouncements issued as of Nov. 1, 2020, which became effective on or after Jan. 1, 2020.
A recent FASB ASU makes minor technical corrections and clarifications to the Accounting Standards Codification.
A recent FASB Staff Educational Paper provides an overview of the accounting guidance for common debt modifications and exchanges.
A recent proposed ASU would clarify the scope of ASC 848 with respect to certain transitions in the derivatives market.
For each reporting period, an entity should reevaluate whether a callable debt security is within the scope of ASC 310-20-35-33.
Our white paper discusses many relevant matters related to, and the impact of COVID-19 on, goodwill impairment testing.
In this article, we discuss the qualitative assessment of goodwill impairment upon the occurrence of a triggering event.
A recent proposal would simplify how private-company franchisors analyze their performance obligations in accordance with ASC 606.
Constituents recently provided feedback to the FASB regarding issues encountered in the implementation of ASC 842.
The FASB recently issued requirements regarding the presentation and disclosure of contributed nonfinancial assets by nonprofit entities.
The SEC recently updated the statistical disclosure requirements applicable to bank and savings and loan registrants.
Our white paper discusses pandemic-related financial reporting issues, including a lender’s accounting for PPP loans.
RSM discusses goodwill impairment testing when a reporting unit or an entity has a downward-trending positive carrying amount.
A summary of the guidance entities should apply when undergoing a reorganization under Chapter 11 of the Bankruptcy Code.
We have updated our white paper, which provides an overview of lessor accounting under ASC 842 for financial institutions.
The AICPA has issued answers to accounting questions regarding certain CARES Act provisions specific to health care entities.
On August 27, 2020, the SEC issued a final rule that revises Items 101, 103 and 105 of Regulation S-K. Learn more.
Our summary highlights several regulations affecting broker-dealers that recently have been issued or updated.
The OMB recently released the 2020 Compliance Supplement, which is effective for audits of years beginning after June 30, 2019.
The PCC has proposed a practical expedient for determining the current price of a share underlying a share-option award.
The FASB recently addressed the complexity of its guidance for convertible instruments and contracts in an entity’s own equity.
The Small Business Administration’s new FAQ addresses many issues related to forgiveness of Payroll Protection Program loans.
Our white paper discusses the temporary optional accounting expedients provided by the FASB to ease LIBOR transition.
The PCAOB recently asked audit committee chairs how COVID-19 has affected financial reporting and the audit process.
Temporary optional expedients and exceptions to account for the effects of LIBOR transition (e.g., contract modifications, hedge accounting)
We have updated our U.S. GAAP vs. IFRS comparisons for fair value measurements, government grants and discontinued operations.
The Governmental Accounting Standards Board has added guidance addressing certain COVID-19-related financial reporting issues.
The IASB has deferred the effective date of Classification of Liabilities as Current or Non-current, which amends IAS 1.
We have updated our white paper to address certain recent financial reporting developments related to the coronavirus.
The AICPA has issued Technical Question and Answers regarding certain COVID-19-related lender accounting issues.
GASB Technical Bulletin 2020-1 provides financial reporting guidance for issues related to the CARES Act and COVID-19.
We have published the fourth edition of our publication designed to assist middle market companies in the application of ASC 805.
The FASB recently issued a proposal to delay the effective date and ease the adoption provisions of ASU 2018-12.
A recent Center for Audit Quality publication provides an overview of the role of auditors in company-prepared ESG information.
Among other matters, recently issued GASB Statement No. 97 addresses the accounting and financial reporting for Section 457 plans.
The International Accounting Standards Board recently released several amendments to IFRS 17, Insurance Contracts.
We have updated our white paper to address the accounting by lenders for loans entered into under the Paycheck Protection Program.
We have updated our white paper that discusses estimating the fair value of a noncontrolling interest in a business combination.
The SEC recently provided a cross-Divisional update regarding its targeted regulatory relief related to the COVID-19 pandemic.
The SEC Chief Accountant recently addressed the continued importance of high-quality financial reporting in light of COVID-19.
Businesses can improve operations and reduce costs after adopting the ASC 842, despite the time and effort required to maintain compliance.
The GASB has issued a proposed Technical Bulletin regarding the CARES act and certain outflows related to the coronavirus.
A summary of the guidance entities should apply when evaluating whether there is doubt about ability to continue as a going concern.
The GASB recently issued guidance on the accounting for subscription-based information technology arrangements.
The AICPA recently released guidance regarding the accounting for a loan received under the Paycheck Protection Program.
Implementing (ASC) 842 will likely require a lease accounting software package. These five topics are key areas for you to consider.
RSM’s approach to implementing new standards differs because we take a practical, hands-on approach; our depth and experience sets us apart.
ASU 2020-05 provides one-year effective date deferrals for certain entities and their adoption of ASC 606 and 842.
The PCAOB recently published information for auditors and audit committees regarding audits involving cryptoassets.
The International Accounting Standards Board recently issued narrow-scope amendments to certain of its standards.
The SEC recently issued a final rule that amends the financial disclosure requirements for acquired and disposed businesses.
RSM’s white paper has been updated to address the accounting for PPP loans and revolvers with a fluctuating borrowing base.
On May 20, 2020, the FASB approved one-year effective date deferrals for certain entities for ASC 606 and ASC 842.
While ASC 842 will affect leasing activities, technology solutions can help ease the burden that the new standard brings.
Do not delay your GASB 87 lease implementation efforts because of the postponement of the GASB 87 effective date.
In light of the pandemic, the GASB has postponed the effective dates of certain of its Statements and Implementation Guides.
Digital assets present audit and accounting challenges that require re-examining basic considerations within traditional frameworks.
Get the latest information on GASB standards that could affect your organization, including a detailed focus on the new OPEB standards.
Portfolio managers of investment companies are considering the impact of COVID-19 and economic conditions on their March 2020 valuations.
The accounting for property damage and other losses that an entity has insured itself against any related insurance recoveries.
ASU 2016-18 addresses the classification and presentation of changes in restricted cash in the statement of cash flows.
SBA staff has stated its position on whether certain loan programs are subject to the Single Audit requirements.
The American Institute of Certified Public Accountants recently issued answers to technical questions for health care entities.
The FASB Staff recently issued a Q&A regarding the effects of the COVID-19 pandemic on cash flow hedge accounting.
We have updated our white paper to address additional issues to consider in financial statements affected by the coronavirus.
The GASB has provided accounting guidance for public-private and public-public partnerships and availability payment arrangements.
The IASB recently proposed an amendment to IFRS 16 for the accounting for coronavirus related rent concessions.
To assist entities in determining the appropriate classification of debt, we have issued an updated version of our white paper.
A recent webinar provided information on matters related to the interagency statement on loan modifications and reporting.
Borrowers are taking a look at the factors that led them to classify debt as current or noncurrent when preparing a classified balance sheet
We recently updated our U.S. GAAP vs. International Financial Reporting Standards comparisons on leases and interim reporting.
Due to the coronavirus, the FASB recently proposed a one-year effective date delay for certain entities for ASC 606 and ASC 842.
GASB 87 requirements can challenge government entities. Here are three steps to adopting and implementing the new leasing standard.
In light of the pandemic, the GASB has proposed to postpone the effective dates of certain Statements and Implementation Guides.
The FASB staff recently discussed answers to certain questions on financial-reporting topics related to the coronavirus pandemic.
The IASB has proposed amendments to address financial reporting issues related to interest rate benchmark reform.
The FDIC recently issued an FAQ, which includes answers to questions addressing COVID-19 financial-reporting-related topics.
A CAQ resource discusses key questions for auditors and audit committees related to the impact of COVID-19 on financial reporting.
The FDIC recently announced changes to the community bank leverage ratio framework to provide temporary relief to community banks.
FASB to propose deferring the effective dates of ASC 606 for private franchisors and ASC 842 for certain entities.
COVID-19 is expected to have an impact on entities’ financial reporting under International Financial Reporting Standards.
A revised interim final rule discusses the estimated impact on regulatory capital for institutions that implement CECL in 2020.
During quarterly reporting, SEC filers should focus on whether interim goodwill impairment testing should be performed.
Recently, the IASB issued guidance regarding the accounting for expected credit losses in light of the COVID-19 pandemic.
With ASC 842 deadlines approaching, you should start your software implementation now to ensure that you have time to choose a platform.
RSM’s article discusses coronavirus impacts on financial statement disclosures related to risks, uncertainties and going concern.
The recently enacted Coronavirus Aid, Relief, and Economic Security Act includes provisions that have financial reporting implications.
The CARES Act provides financial institutions optional temporary relief from certain TDR and impairment accounting requirements.
The CARES Act provides optional temporary current expected credit losses relief for certain insured depository institutions.
Due to the effects of the coronavirus, the SEC has extended its regulatory relief with respect to certain federal securities laws.
A multinational consumer products client sought to implement ASC 842 with LeaseAccelerator as their selected lease technology solution.
How RSM conquered a time crunch in helping a large conglomerate prepare for an initial filing and life as a public company.
Visual Lease’sbest-in-class lease accounting software automates financial reporting associated with ASC 842 and IFRS 16.
Among other topics, a recent interagency statement addresses the accounting for loan modifications made in response to COVID-19.
Many entities develop software to be sold or used internally, so it is important to ensure they are following the appropriate guidelines
The FASB recently provided temporary optional guidance intended to ease the burden reference rate reform on financial reporting.
The ASB recently issued SAS 139 to align the AU-C 800 series with the relevant SAS 134 auditor reporting provisions.
Recent amendments exclude from the accelerated and large accelerated filer definitions certain smaller reporting companies.
A recent GASB Exposure Draft addresses the accounting for Internal Revenue Code Section 457 deferred compensation plans.
The FASB recently discussed the accounting for insurance recovery assets from certain freestanding insurance contracts.
Accounting Standards Update 2020-03 addresses various issues related to the accounting for financial instruments
RSM’s Lease Accounting Resource Center provides high-level and detailed information about implementing ASC 842.
A recent SEC proposed rule is intended to address difficulties and confusion in applying the exempt offering framework.
An interagency policy statement has been issued in response to the issuance of FASB Accounting Standards Update 2016-13
The SEC recently simplified certain Regulation S-X financial disclosure requirements applicable to registered debt offerings.
Join our series covering how, despite the deferred deadlines for ASC 842 implementation, private companies should keep moving forward.
The GASB recently proposed amendments to enhance the framework in its Concepts Statement for notes to the financial statements.
This webcast series features lease accounting software products on the market and how to properly select a solution to comply with GASB 87.
The arrangement allows RSM clients to leverage NetLease and NetAsset, advanced lease accounting and fixed asset management tools.
The SEC and the PCAOB recently issued guidance regarding financial reporting considerations related to the coronavirus.
A recent Accounting Standards Update addresses the effective date of ASC 842 for certain public business entities.
The Financial Accounting Standards Board recently added Staff Accounting Bulletin 119 to its Accounting Standards Codification.
A recently issued GASB Statement includes guidance addressing various accounting and financial reporting issues.
Our comparisons provide an overview of the significant differences between U.S. GAAP and IFRS on a variety of topics.
Maintaining lease accounting standards shouldn’t be time consuming. Join our webinar on Feb. 18 to learn more.
The FASB has issued a proposed ASU regarding the accounting by not-for-profit entities for contributed nonfinancial assets.
Recently issued SSARS 25 addresses materiality in a review of financial statements and adverse conclusions, among other matters.
The White House has proposed to consolidate the functions and responsibilities of the PCAOB into the SEC beginning in 2022.
This webcast will offer an executive briefing addressing key financial, regulatory and governance issues for 2020.
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.
We have updated our white paper that answers questions related to the application of the public business entity definition.
The FASB recently issued an Accounting Standards Update that clarifies certain interactions between ASC 321, ASC 323 and ASC 815.
The SEC recently proposed amendments to certain Regulation S-K disclosure requirements, including those related to MD&A.
Our updated white paper will assist business and professional services entities 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.
Our updated white paper will assist entities in the life sciences industry in applying the new revenue recognition model.
The IASB has issued narrow-scope amendments to clarify how to classify debt and other liabilities as current or non-current.
Our updated white paper includes discussion of the new credit losses accounting guidance for loans measured at amortized cost.
A checklist to assist nonlenders with their transition to ASC 326, which includes the current expected credit losses model (CECL).
A large steelmaking company throughout North American looked to RSM as an advisor and partner with their implementation.
A white paper about how entities in the life sciences industry may be affected by the new revenue recognition guidance in ASC 606.
The ASB recently issued Statement on Standards for Attestation Engagements 19, Agreed-Upon Procedures Engagements.
The IASB recently issued an Exposure Draft to improve how information is communicated in the financial statements.
Our article discusses the allocation of goodwill and related intangible assets to foreign subsidiaries in a business combination.
We have issued an updated version of our white paper to further assist entities in the technology industry in applying ASC 606.
A white paper about how entities in the technology industry may be affected by the new revenue guidance in ASC 606.
An update on the tax and accounting developments, macroeconomic outlook, trends and policies affecting the real estate industry.
Concerns have been raised that replacing Libor with an alternative reference rate may trigger a number of challenges.
The NCUA has delayed the effective date of the risk-based capital rules from January 1, 2020 to January 1, 2022.
The CECL model requires companies to consider future and current economic conditions when determining their allowance for bad debts.
SAB No. 119 includes SEC staff interpretations regarding policies and procedures for developing CECL models and related matters.
The Financial Accounting Standards Board recently proposed changes to clarify, and make minor improvements to, the Codification.
ASU 2019-11 addresses issues raised by stakeholders during the implementation of the current expected credit losses standard.
Despite deferment of the new leasing standard, organizations should keep moving along with their lease implementation activities.
The Financial Accounting Standards Board has proposed clarifications to certain sections of its 2017 hedge accounting standard.
A recent OCIE Risk Alert discusses top compliance topics observed in examinations of registered investment companies.
ASU 2019-08 provides guidance regarding the measurement and balance sheet classification of share-based payments to a customer.
Guidance allows transparency for investors and financial statement users to assess the timing, amount, and cash flow from leases.
FASB votes to defer the effective dates of leases, CECL and hedging for certain entities and insurance for all entities.
Syneos Health, a public company, shares its ASC 842 implementation journey and how RSM assisted with acting as an extension of their team.
Our article discusses the impact of the new guidance in ASC 340-40 on costs for construction-type and production-type contracts.
By offering additional technical knowledge of lease accounting, RSM worked with Syneos Health on its ASC 842 implementation.
Recent amendments modify some specific hedge accounting requirements to address interest rate benchmark uncertainty.
FASB’s revised proposal on classifying debt as current or noncurrent based on the contractual terms of the debt at the balance-sheet date.
We have issued an updated version of our white paper to further assist health care entities in applying ASC 606.
The proposed FASB ASC 842 deferral for private companies shouldn’t prevent your organization from starting the implementation now.
A white paper about how entities in the health care industry may be affected by the new revenue recognition guidance in ASC 606.
Guidance regarding accounting for portfolio company investments held by investment companies within the scope of FASB ASC 946.
The FASB has proposed providing additional time to apply its accounting guidance for long-duration insurance contracts.
A white paper about how entities in the not-for-profit industry may be affected by the new revenue recognition guidance in ASC 606.
Restaurant learns it’s important to understand the quantity of leases and complexity before embarking on an ASC842 implementation strategy.
What have leaders of public companies learned during their implementation process; how can these lessons help other entities?
Private company leaders can learn from the new lease standard implementation challenges public company leaders have already experienced.
As private organizations implement ASC 842, understanding how this implementation can improve efficiency is critical.
ASC 842 compliance is challenging, and the effective date is quickly approaching for private companies. RSM can help smooth your adoption.
It is critical that health care organizations have a comprehensive approach in implementing the new lease accounting requirements.
The FASB has proposed Codification amendments in response to the SEC’s Disclosure Update and Simplification Initiative.
The FASB has proposed amendments intended to simplify the accounting for income taxes in accordance with ASC Topic 740.
Join RSM for a revenue recognition standard (ASC 606) update for business and professional services companies.
The AICPA recently provided guidance for determining which costs are considered “direct care” of collection items.
Our article addresses goodwill impairment when a reporting unit has a negative value as a result of the inclusion of debt.
What three lessons can private companies take away from public companies that have already implemented ASC 842?
Accounting errors resulting from improper application of ASC 840 cannot be carried forward into the transition to ASC 842.
Join us on Thursday, April 25, as we review the latest accounting updates and issues that could affect nonprofit organizations.
Get the latest information on GASB standards that could affect your organization, including a detailed focus on the new OPEB standards.
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.
The road to compliance with FASB ASC 842 can be fraught with challenges, but some best practices can help allow for a smoother transition.
Key tax takeaways for privately held, middle market companies when adopting the new lease accounting standards.
As organizations work to comply with lease accounting standards, it's important to evaluate the tax implications during the implementation.
What can automotive manufacturers and suppliers learn from companies that have already implemented the new lease accounting standard?
Watch brief webcasts that pinpoint how ASC 842 affects the retail and restaurant sectors. Get key best practices for implementation.
Learn the key components and requirements to consider when developing the discount rate according to the new lease accounting guidance.
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 the private company accounting alternative that simplifies the accounting for common control arrangements.
Companies are realizing increased efficiencies and mitigating the costs of investments made in adopting ASC 842, lease accounting standard.
Calculating the incremental borrowing rate to correctly estimate the present value of lease payments under ASC 842 is proving challenging.
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.
Join RSM for a complimentary webcast on Dec. 6 to understand the new guidelines and how it will affect your business.
RSM and Tango will share the top lessons they have learned working with customers across all industry sectors in this webcast.
An overview of changes to the requirements for capitalizing implementation costs with respect to customer’s accounting for cloud computing.
An overview of changes with respect to the fair value measurement disclosures in Topic 820 of the FASB’s Accounting Standards Codification.
Complying with ASC 842 may require more time than you think. We break down key questions companies need to consider.
Colleges and universities must adjust to the new level of judgments and estimates required under ASC 842 and GASB 87 lease accounting.
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.
Business and professional services organizations: Get key takeaways on revenue recognition changes from our recent webcast.
New standards for nonprofit financial statements and revenue recognition will need to be implemented over the next two to three years.
Some automotive parts entities have encountered accounting and operational challenges in applying the new revenue recognition standard.
A summary of changes made to the accounting for nonemployee share based payments, including such payments being within the scope of ASC 718.
A comprehensive white paper about how construction contractors are affected by the new revenue recognition guidance in ASC 606.
RSM’s industry insiders break down the answers to five key questions on how ASC 842 may affect the retail and restaurant sector.
Join Ian Benjamin on April 19 to discuss the latest accounting updates and issues that could affect nonprofit organizations.
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.
Join us in partnership with LeaseAccelerator to learn about best practices for a successful implementation of your ASC 842 Lease Accounting
This webcast will highlight key steps and best practices for implementation of new lease accounting standard (ASC 842).
Compliance with the revenue recognition standard may be more challenging and require more effort than many companies realize.
Our white paper includes information about the simplified goodwill impairment test, which no longer requires Step 2 to be performed.
The Dutch Council for Annual Reporting is giving companies the opportunity to report revenues and related costs after the issuance of IFRS15
A white paper that discusses topics member-owned private clubs should consider when applying the new revenue recognition guidance.
An article with information about interagency guidance issued by banking regulators related to the Tax Cuts and Jobs Act.
A summary of the FASB’s decisions on Jan. 10, 2018 on various income tax accounting issues arising from the Tax Cuts and Jobs Act.
The considerations involved in estimating the fair value of a noncontrolling interest recognized in business combination accounting.
All taxpaying entities need to address the effects of the Tax Cut and Jobs Act in their reporting period that includes Dec. 22, 2017.
RSM Audit Partner Rich Stuart discusses the potential impact of ASC 842, Leases, with <i>Accounting Today</i>’s Editor-in-Chief Daniel Hood.
If adopted early, FASB’s new credit impairment model, or CECL, could have a significant effect on specialty lenders as soon as 2019.
While all leases will need to be considered under the new lease guidance, there are signiﬁcant ramiﬁcations to leases involving real estate.
The FASB recently proposed changes to clarify the Codification and correct unintended application of guidance.
The FASB recently issued a proposed ASU to address concerns regarding the application of Topic 842 to land easements.
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.
While 2019 may seem far off, planning should begin now in order to ensure an effective and efficient implementation of the new standard.
FASB ASU 2017-05 clarifies the scope of asset derecognition guidance and the accounting for partial sales of nonfinancial assets.
Even though the tax rules have not changed, a change in book recognition could create a change in the tax method of accounting.
In this recorded webcast, RSM’s accounting thought leaders discuss the guidance in Topic 606, Revenue from Contracts with Customers.
Tax Court rejects taxpayer’s claim of capital gain treatment for deposit forfeited by prospective buyer.
Questions arise when accounting for revenue earned when providing services, particularly when they are provided under a long-term contract.
An overview of the discontinued operations guidance and disclosure requirements in ASC 205-20, including a flowchart of the critical decision points.
The financial reporting resource center - leases, provides insightful knowledge on matters related to leasing.
RSM helps you choose the right solution for data aggregation, cleanliness and to drive the success of the lease data collection effort.
RSM partners with LeaseQuery, a cloud-based technology platform that simplifies the complexities of lease accounting.
RSM partners with Tango, a cloud-based solution that enables compliance to the new lease accounting standards.
RSM partners with LeaseAccelerator, an enterprise lease accounting software application to support ASC 842, IFRS 16 and GASB 87 demands.
RSM partners with Visual Lease, a comprehensive lease accounting solution that enables companies to achieve lease accounting compliance.
Get a recap of our webcast on the new lease accounting rules for the health care industry and the impact ASC 842 has on financial reporting.
This resource center provides information about the FASB 842 lease accounting standard, guidance and implementation ideas.
Tango has entered into a partnership with RSM to deliver the leading lease accounting solutions to the marketplace.
Listen to our webcasts and join members of RSM in person for updates on the key provisions of Lease Accounting.
An overview of ASC 842, including the requirement for lessees to recognize assets and liabilities for all but short-term leases.
Given the complexities of ASC 842, consider these critical factors for successful implementation of the standard.
Explore RSM ASC 842 case studies to learn how we helped clients across a variety of industries adopt the new standard.
An overview of the lessor guidance in ASC 842 that most affects financial institutions that provide lease financing to their customers.
View this webcast to learn how the new revenue recognition standard (ASC 606) affects the life sciences industry (CPE eligible).
Information about accounting for equity securities, debt securities and loans and other receivables, including recognition of credit losses.
A plain-English explanation of the accounting for a business combination accompanied by detailed examples, illustrations and checklists.
Gain insightful knowledge and understanding of recent standards, developments and practice issues related to financial instruments.
A summary of how providers of business and professional services may be affected by the new guidance in ASC 606.
A summary of how entities in the insurance industry may be affected by the new revenue recognition guidance upon its adoption.
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.
Some financing entities entered into various residential mortgage loan purchase programs. Gain accounting insight about these programs.
The FASB has issued ASU 2021-03, which provides a new goodwill impairment alternative for private companies and not-for-profits.
FASB’s new CECL standard is a major compliance challenge for financial services organizations. RSM can help with these new standards.
This 12-part video series covers elements of revenue recognition important to Topic 606 implementation for public and private companies.
The FASB issued new revenue recognition guidance that replaces almost all pre-existing revenue recognition guidance.
Gain insightful knowledge and understanding of accounting standards under development and proposed accounting guidance.
This financial reporting resource center contains articles and related insights on business combinations accounting topics.
This financial reporting resource center contains articles and related insights on consolidations-related accounting topics.
This financial reporting resource center contains articles and related insights on debt-related accounting topics.
This financial reporting resource center contains articles and related insights on accounting topics related to equity.
Financial Resource center with insight articles and white papers devoted to statement presentation and disclosure for middle market.
This financial reporting resource center contains articles and related insights on goodwill and long-lived assets topics.
The financial reporting resource center - income tax, provides insightful knowledge on matters related to the new tax reform for income tax.
The following resources provide insightful knowledge related to private company standard setting and miscellaneous.
The Financial Reporting Resource Center, Revenue recognition, provides insightful knowledge related to revenue recognition.
Comprehensive discussion and examples on all facets of lessee accounting, including recognizing ROU assets and liabilities for most leases.
An overview of the new guidance in ASC 606 (as amended) and highlights of the fundamental changes ASC 606 will bring.
Changes to an issuer’s accounting for convertible instruments and the derivatives scope exception for contracts in an entity’s own equity.
This section provides background on revenue recognition standards and a review of the changes since the issuance of ASU 2014-09.
In this video, learn how Topic 606, Revenue from Contracts with Customers, affects licenses, principal vs. agent guidance and other topics.
This video provides an explanation of various presentation issues as well as the disclosures that are required.
This video explains the scope of ASC Topic 606, Revenue from Contracts with Customers, and where it applies.
What is a customer contract? This video provides details on the first step of Topic 606 and how to identify a contract with a customer.
What do contract costs have to do with a revenue standard? Learn how to determine if contract costs are in the scope of Topic 606.
This video clip goes into Step 2 and how to identify the performance obligations in a contract with a customer.
This video clip discusses the core principle of ASC Topic 606 and the five step model to applying the principle.
This video provides the deadlines for all entities and a description of possible transition methods for Topic 606.
What is the transaction price and how do you determine this? Learn how in Step 3 of applying the new revenue recognition standard.
This video clip discusses the big picture items that will be changing with Topic 606, Revenue from Contracts with Customers.
This video clip details how to allocate the transaction price when implementing ASC Topic 606, Revenue from Contracts with Customers.
This video goes into the fifth and final step is recognizing revenue for Topic 606. Find out when a performance obligation is satisfied.
A guide to understanding and analyzing the accounting guidance applicable to debt and equity instruments issued in financing transactions.
This financial reporting resource center contains articles and related insights on fair value-related accounting topics.
Information to assist in understanding how the new revenue recognition standard might affect various industries upon its adoption.
There are issues in impairment testing of these long-lived assets that can involve a complex, multi-step approach.
There are factors to be considered in conducting an assessment, and interim impairment testing and adoption considerations as well.
A side-by-side comparison and brief summary of accounting guidance for the impairment of goodwill and other long-lived assets.
A summary of the relevant guidance on how a borrower accounts for modification, restructuring or exchange of a loan.
Private-company accounting alternative for the recognition of certain intangible assets in the accounting for a business combination.
Private-company accounting alternative for the subsequent accounting of goodwill and considerations before electing the alternative.
Q&As on the FASB’s definition of a public business entity, which is used to specify the scope of accounting and reporting guidance.
Stay current on the latest International Financial Reporting Standards news and resources, increasing globalization and related regulations.
Discussion of the accounting considerations for a borrower that has received a loan under the Paycheck Protection Program.
Gain insightful knowledge and understanding of recent accounting standards, developments and practice issues on a variety of topics.
Buyers considering speciality lenders should focus on allowance for loan losses.
It's important for entities to consider how the coronavirus affects their financial reporting. Our white paper can provide some insight.
Resources and insightful knowledge related to International Financial Reporting Standards and International Standards on Auditing.
Our in-depth guides on complex and challenging accounting topics provide a comprehensive discussion of the applicable U.S. GAAP.
The differences between U.S. generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS).
Our audit quality report is intended to provide a window into how RSM US LLP promotes and monitors audit quality.
Our guide is intended to provide a high-level overview of hedge accounting and the changes brought about by ASU 2017-12.
Guidance on applying for ASC 605-25, Revenue Recognition – Multiple-Element Arrangements, including examples illustrating various concepts.