Ideas & Insights

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.

Retail, fashion, food and beverage, and restaurant executives should ask these questions to determine the impact of ASC 606.

A white paper describing the impact of the new revenue recognition standard on federal government contractors.

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

Disclosure checklists to help public and nonpublic entities in disclosing the revenue-related information required by ASC 606 and 340-40.

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.

IRS provides automatic consent for method changes implementing the yet-to-be-clarified revenue recognition rules of section 451(b).

Learn how the new ASC 606 standard impacts internal control over financial reporting and accounting systems as they relate to IT auditors.

Join RSM on Sept. 11 as we share our insights on how the new revenue recognition standard (ASC 606) affects the real estate industry.

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

An overview of the clarifications to identifying reciprocal and nonreciprocal transactions and conditional and unconditional contributions.