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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 recognition, lease 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
RSM’s approach to implementing new standards differs because we take a practical, hands-on approach; our depth and experience sets us apart.
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FINANCIAL REPORTING INSIGHTS
OCC issues Comptroller’s Handbook on allowances for credit losses
The OCC recently issued a Comptroller’s Handbook, which applies to OCC-supervised banks that have adopted ASU 2016-13.
FINANCIAL REPORTING INSIGHTS
Proposal addresses lack of currency exchangeability
A recent IASB proposal addresses financial reporting situations in which exchangeability between two currencies is lacking.
FINANCIAL REPORTING INSIGHTS
IASB extends practical expedient for covid-19-related rent concessions
The IASB has extended the application period for the IFRS 16 practical expedient for covid-19-related rent concessions.
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.
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.