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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


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Implementing new standards with technical accounting consulting

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Implementing new standards with technical accounting consulting

RSM’s approach to implementing new standards differs because we take a practical, hands-on approach; our depth and experience sets us apart.


most recent insights

LIVE WEBCAST

Dot the i’s and cross the t’s—a deeper look into ASC 842 adoption

Join this webcast as we discuss high-risk areas to consider as your company is implementing the new ASC 842 lease accounting standard.

  • September 28, 2021

RECORDED WEBCAST

Lease accounting in NetSuite using NetLease

Join our webcast to learn how ASC 842 changes lease reporting requirements and how to capture required information in NetSuite.

  • August 23, 2021

FINANCIAL REPORTING INSIGHTS

Minor proposed amendment to transition requirements for IFRS 17

The IASB has proposed an amended IFRS 17 transition requirement for entities that first apply IFRS 17 and IFRS 9 at the same time.

  • August 18, 2021
IRS issues procedural guidance for the new revenue recognition rules

TAX ALERT

IRS issues procedural guidance for the new revenue recognition rules

The IRS released guidance allowing automatic accounting method changes for taxpayers to follow the final revenue recognition regulations.

  • August 17, 2021

FINANCIAL REPORTING INSIGHTS

Recipient accounting for SVOG and RRF grants

The AICPA has issued recipient accounting guidance for Shuttered Venue Operators Grants and Restaurant Revitalization Fund grants.

  • August 11, 2021