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Audit services for the manufacturing industry

The manufacturing industry has unique accounting and financial reporting needs. Comprehensive technical financial reporting needs to take into consideration lengthy supply chains, demand fluctuations, cost structures and more. Combining our deep experience and understanding of the manufacturing industry, we can help clients address their critical business issues.

Manufacturing companies benefit from our audit experience in areas such as:

  • Inventory valuation and management
  • Complex debt and equity transactions
  • Derivatives (hedging)
  • Cost accounting systems
  • Inventory optimization
  • Incentive compensation arrangements
  • Lease accounting
  • Lean manufacturing
  • Process improvements
  • Self-insurance
  • Vendor incentives

related insighTs

Lessons on implementing ASC 842 from a public steelmaking company

Lessons on implementing ASC 842 from a public steelmaking company

A large steelmaking company throughout North American looked to RSM as an advisor and partner with their implementation.

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.

3 lessons learned while implementing ASC 842

3 lessons learned while implementing ASC 842

What can automotive manufacturers and suppliers learn from companies that have already implemented the new lease accounting standard?

Changes to revenue recognition in the industrial products industry

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

How is ASC 606 affecting the automotive parts suppliers?

How is ASC 606 affecting the automotive parts suppliers?

Some automotive parts entities have encountered accounting and operational challenges in applying the new revenue recognition standard.

Proactively managing the implementation of ASC 842

Proactively managing the implementation of ASC 842

While 2019 may seem far off, planning should begin now in order to ensure an effective and efficient implementation of the new standard.

Manufacturer seeks compliance & provision improvement

Manufacturer seeks compliance & provision improvement

Learn how RSM helped an industrial services company increase visibility for key provisioning deliverables and filings.