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

Featured Insight

Implementing new standards with technical accounting consulting


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


Digital Assets – the AICPA’s practice aid on accounting and auditing

RSM is pleased to offer a webcast on the AICPA’s practice aid on accounting for and auditing of digital assets.

  • October 27, 2020


Proposed ASC 606 practical expedient for private-company franchisors

A recent proposal would simplify how private-company franchisors analyze their performance obligations in accordance with ASC 606.

  • September 22, 2020


FASB receives feedback about potential simplifications to ASC 842

Constituents recently provided feedback to the FASB regarding issues encountered in the implementation of ASC 842.

  • September 21, 2020


Updates to overview of lessor accounting for financial institutions

We have updated our white paper, which provides an overview of lessor accounting under ASC 842 for financial institutions.

  • September 10, 2020


LeaseQuery and RSM Announce Reseller Partnership

Customers can now purchase LeaseQuery directly from RSM, gaining the benefit of a single-vendor community across solutions.

  • July 20, 2020