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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


Featured Insight

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

FINANCIAL REPORTING INSIGHTS

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

ARTICLE

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
Considerations for Day 2 compliance with ASC 842

INSIGHT ARTICLE

Considerations for Day 2 compliance with ASC 842

Businesses can improve operations and reduce costs after adopting the ASC 842, despite the time and effort required to maintain compliance.

  • June 17, 2020

FINANCIAL REPORTING INSIGHTS

GASB issues guidance for subscription-based IT arrangements

The GASB recently issued guidance on the accounting for subscription-based information technology arrangements.

  • June 15, 2020

INSIGHT ARTICLE

Top 5 considerations when implementing an ASC 842 technology solution

Implementing (ASC) 842 will likely require a lease accounting software package. These five topics are key areas for you to consider.

  • June 08, 2020