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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

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.

  • May 05, 2021

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.

  • April 23, 2021

FINANCIAL REPORTING INSIGHTS

IASB extends practical expedient for covid-19-related rent concessions

The IASB has extended the application period for the IFRS 16 practical expedient for covid-19-related rent concessions.

  • April 14, 2021

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.

  • February 23, 2021
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.

  • February 19, 2021