Ideas & Insights

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

On May 20, 2020, the FASB approved one-year effective date deferrals for certain entities for ASC 606 and ASC 842.

Due to the coronavirus, the FASB recently proposed a one-year effective date delay for certain entities for ASC 606 and ASC 842.

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

How RSM conquered a time crunch in helping a large conglomerate prepare for an initial filing and life as a public company.

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.

A recent FASB publication integrates previously issued FASB staff, TRG and PCC revenue recognition memos into a Q&A format.

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

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

Revenue Procedure 2019-43 supersedes Rev. Proc. 2018-31, providing procedures to change accounting methods with automatic consent.

Franchisors are in for major changes in the way they recognize revenues. Learn more about the new standards and how to address them.

We have issued an updated version of our white paper to further assist health care entities in applying ASC 606.

Rev. Proc. 2019-37 offers procedures for accounting method changes to comply with proposed regulations under sections 451(b) and 451(c).

The much anticipated proposed regulations, under Reg. section 1.451-3, implement section 451(b) and affect nearly every taxpayer.

Proposed Reg. section 1.451-8 clarifies how taxpayers can use the section 451(c) method to defer recognition of certain revenue.

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

What have leaders of public companies learned during their implementation process; how can these lessons help other entities?

A recent FASB Staff Q&A provides guidance on certain aspects of the accounting for grants in accordance with ASU 2018-08.

Join RSM for a revenue recognition standard (ASC 606) update for business and professional services companies.