Ideas & Insights

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

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.

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

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.