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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
  • Licensing
  • Loyalty programs
  • Vendor incentives

related insights

Deep industry experience makes the difference for Wawa Inc.

Deep industry experience makes the difference for Wawa Inc.

Learn how understanding the issues of fuel management and the overall convenience store industry was key in helping this retail chain.

ASUs defer various effective dates (including CECL & leases)

FASB votes to defer the effective dates of leases, CECL and hedging for certain entities and insurance for all entities.

  • November 15, 2019
RSM helps expedite restaurant group's 842 implementation

RSM helps expedite restaurant group's 842 implementation

Restaurant learns it’s important to understand the quantity of leases and complexity before embarking on an ASC842 implementation strategy.

  • August 12, 2019
ASC 606 implementation: Is your company prepared?

ASC 606 implementation: Is your company prepared?

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

  • April 17, 2019
Lease accounting: Specific considerations for retail and restaurant

Lease accounting: Specific considerations for retail and restaurant

Watch brief webcasts that pinpoint how ASC 842 affects the retail and restaurant sectors. Get key best practices for implementation.

  • March 08, 2019

Changes to revenue recognition in the consumer products industry

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

  • February 12, 2019
Leases: Impact of ASC 842 on the retail and restaurant sector

Leases: Impact of ASC 842 on the retail and restaurant sector

RSM’s industry insiders break down the answers to five key questions on how ASC 842 may affect the retail and restaurant sector.

  • June 12, 2018
Revenue recognition for franchisors

Revenue recognition for franchisors

Franchisors may be in for major changes in the way they recognize their revenues in the future.

  • March 03, 2016