Menu

New Accounting Standards Implementation

Significant accounting standards and changes passed by the International Financial Reporting Standards Foundation and the Financial Accounting Standards Board have created heavy compliance burdens and complex accounting challenges that lean accounting and finance departments in many organizations often struggle to handle.

Our experienced technical accounting professionals can help your organization understand, prepare for and implement such standards. Whether it’s revenue recognitionlease accounting standards or Current and Expected Credit Loss (CECL), our team can provide the technical proficiency, keen understanding and industry-specific knowledge you need to keep your accounting and finance department informed and in compliance.

How can we help you?

To discuss how our team can help your business, contact us by phone at 800.274.3978 or


most recent insights

FINANCIAL REPORTING INSIGHTS

Share-based consideration payable to a customer

ASU 2019-08 provides guidance regarding the measurement and balance sheet classification of share-based payments to a customer.

  • November 18, 2019
RSM helps global commercial kitchen retailer adopt ASC 842

CASE STUDY

RSM helps global commercial kitchen retailer adopt ASC 842

Identifying the service arrangement population and review of identified service arrangements were key in this ASC 842 compliance process.

  • November 15, 2019

INSIGHT ARTICLE

FASBs new leasing standard guidance under ASC 842

Guidance allows transparency for investors and financial statement users to assess the timing, amount, and cash flow from leases.

  • November 15, 2019

FINANCIAL REPORTING INSIGHTS

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
What are the complexities of adopting ASC 842?

TESTIMONIAL

What are the complexities of adopting ASC 842?

Syneos Health, a public company, shares its ASC 842 implementation journey and how RSM assisted with acting as an extension of their team.

  • November 14, 2019

ARTICLE

Visual Lease and RSM to Provide Enterprise Lease Accounting Solutions

RSM partners with Visual Lease to provide clients with a solution to efficiently comply with new accounting standards.

  • November 13, 2019
IRS releases new list of automatic method changes for 2019

TAX ALERT

IRS releases new list of automatic method changes for 2019

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

  • November 11, 2019

FINANCIAL REPORTING INSIGHTS

Recognizing costs in construction and production-type contracts

Our article discusses the impact of the new guidance in ASC 340-40 on costs for construction-type and production-type contracts.

  • November 05, 2019

FINANCIAL REPORTING INSIGHTS

Updated white paper: Changes to revenue recognition for franchisors

This updated version of our white paper will further assist franchisors in applying the new revenue recognition model in ASC 606.

  • October 28, 2019
Changes to revenue recognition for franchisors

WHITE PAPER

Changes to revenue recognition for franchisors

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

  • October 25, 2019