Ideas & Insights

We recently updated our white paper to reflect the new goodwill accounting alternative provided in FASB ASU 2021-03.

The FASB has proposed allowing lessees that are not PBEs to make the risk-free rate election by class of underlying asset.

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

The new standard on current expected credit losses (CECL) came into effect in 2020 for SEC filers that are not smaller reporting companies

The IASB has proposed amendments to IFRS 16 to clarify the seller-lessee’s accounting for a sale and leaseback transaction.

Our annual Effective Date Reminder lists pronouncements issued as of Nov. 1, 2020, which became effective on or after Jan. 1, 2020.

The SEC recently updated certain of its auditor independence requirements to more effectively focus the independence analysis.

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 issued a final rule, which makes certain modifications to the existing definition of “accredited investor.”

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

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

With ASC 842 deadlines approaching, you should start your software implementation now to ensure that you have time to choose a platform.

This webcast series features lease accounting software products on the market and how to properly select a solution to comply with GASB 87.

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

An update on the tax and accounting developments, macroeconomic outlook, trends and policies affecting the real estate industry.

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

The CAQ recently published an audit committee tool that provides an overview of the new credit losses standard.

Accounting errors resulting from improper application of ASC 840 cannot be carried forward into the transition to ASC 842.

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.

Learn the key components and requirements to consider when developing the discount rate according to the new lease accounting guidance.

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.

As you implement ASC 842 there are a number of key considerations that could have wide-ranging effects across an organization.

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.

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.

Even though the tax rules have not changed, a change in book recognition could create a change in the tax method of accounting.

Information about accounting for equity securities, debt securities and loans and other receivables, including recognition of credit losses.

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

Gain insightful knowledge and understanding of recent accounting standards, developments and practice issues on a variety of topics.

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

The complexities of ASC 842 changes are difficult to manage in-house, leading companies to consider lease accounting outsourcing.