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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

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.

  • July 13, 2021
Lease abstraction planning: Understanding related effort and timelines

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.

  • May 26, 2021
Implementing GASB 87: Government entities learn from public companies

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.

  • May 13, 2021

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