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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

VIDEO

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

Ongoing updates to Coronavirus: Financial reporting considerations

Our coronavirus white paper has been updated for financial reporting matters related to the Consolidated Appropriations Act, 2021.

  • January 13, 2021

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Is a SPAC the right route for your organization?

SPACs have grown in popularity recently as a means of going public. Learn why high-growth companies are using this method.

  • January 11, 2021

FINANCIAL REPORTING INSIGHTS

Possible extension of TDR and CECL relief provided by CARES Act

Potential extension of the financial reporting relief related to TDRs and CECL provided to certain financial institutions in the CARES Act.

  • December 22, 2020

FINANCIAL REPORTING INSIGHTS

Proposed accounting for acquired revenue contracts with customers

A recent proposed ASU addresses the accounting for revenue contracts with customers acquired in a business combination.

  • December 15, 2020

RECORDED WEBCAST

Ramifications of new standard on current expected credit losses (CECL)

The new standard on current expected credit losses (CECL) came into effect in 2020 for SEC filers that are not smaller reporting companies

  • December 03, 2020