United States
ASU 2021-05 addresses the accounting for a lease with variable lease payments that do not depend on a reference index or a rate.
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
Our annual Effective Date Reminder lists pronouncements issued as of Nov. 1, 2020, which became effective on or after Jan. 1, 2020.
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.
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.
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.