Ideas & Insights

Each quarter, RSM's accounting thought leaders update middle market businesses on recently issued and proposed accounting guidance.

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.

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 GASB recently issued Implementation Guide No. 2020-1, which clarifies, explains or elaborates on recent GASB Statements.

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.