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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
Featured Insight
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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
RECORDED WEBCAST
3 paths to compliance for ASC 842 adoption
Join RSM in our three-part webcast series to explore which of these three paths best fits your lease accounting needs.
INSIGHT ARTICLE
Lease abstraction planning: Understanding related effort and timelines
The level of effort necessary to perform lease abstraction shouldn’t be underestimated. Companies should start planning as soon as possible.
INSIGHT ARTICLE
Implementing GASB 87: Government entities learn from public companies
Government entities are finding GASB 87 compliance, the Government Accounting Standards Board’s new standard on lease accounting, complex.
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.