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Audit services for the consumer products industry
There are specific accounting and financial reporting issues related to consumer products companies. Further, the new revenue recognition guidance and lease accounting changes have significant implications across the industry. Bringing together our financial accounting experience with our industry knowledge, we help your business operate better, now and in the future.
In addition to our core audit services, consumer products companies benefit from our industry-specific experience in areas such as:
- Asset valuation
- Complex debt and equity transactions
- Customer chargebacks, discounts and other promotional activities
- Fair value and impairment of long-lived assets
- Financing and factoring
- Franchise accounting
- Gift card accounting and related breakage
- Incentive compensation arrangements
- Incurred but not reported (IBNR) transactions
- Inventory valuation and markdowns
- Lease accounting
- Loyalty programs
- Vendor incentives
Learn how understanding the issues of fuel management and the overall convenience store industry was key in helping this retail chain.
FASB votes to defer the effective dates of leases, CECL and hedging for certain entities and insurance for all entities.
Restaurant learns it’s important to understand the quantity of leases and complexity before embarking on an ASC842 implementation strategy.
Retail, fashion, food and beverage, and restaurant executives should ask these questions to determine the impact of ASC 606.
Watch brief webcasts that pinpoint how ASC 842 affects the retail and restaurant sectors. Get key best practices for implementation.
A white paper about how entities in the consumer products industry may be affected by the new revenue recognition guidance in ASC 606.
RSM’s industry insiders break down the answers to five key questions on how ASC 842 may affect the retail and restaurant sector.
Franchisors may be in for major changes in the way they recognize their revenues in the future.