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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


most recent insights

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
Syneos Health adopts ASC 842 with help from RSM

TESTIMONIAL

Syneos Health adopts ASC 842 with help from RSM

By offering additional technical knowledge of lease accounting, RSM worked with Syneos Health on its ASC 842 implementation.

  • October 18, 2019
Why contractors need to start looking for embedded leases now

INSIGHT ARTICLE

Why contractors need to start looking for embedded leases now

Many contractors are not adequately preparing for yet another accounting change coming their way, known as ASC 842.

  • October 17, 2019