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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
most recent insights
FINANCIAL REPORTING INSIGHTS
Proposed accounting guidance for the effects of reference rate reform
FASB’s proposal on accounting for changes to certain contracts and hedging relationships affected by reference rate reform.
FINANCIAL REPORTING INSIGHTS
Updated white paper: Revenue recognition in the health care industry
We have issued an updated version of our white paper to further assist health care entities in applying ASC 606.
TAX ALERT
IRS issues guidance for method changes under proposed section 451 regs
Rev. Proc. 2019-37 offers procedures for accounting method changes to comply with proposed regulations under sections 451(b) and 451(c).
TAX ALERT
IRS releases proposed section 451(b) regs for revenue recognition
The much anticipated proposed regulations, under Reg. section 1.451-3, implement section 451(b) and affect nearly every taxpayer.
TAX ALERT
Proposed regulations clarify revenue deferral under section 451(c)
Proposed Reg. section 1.451-8 clarifies how taxpayers can use the section 451(c) method to defer recognition of certain revenue.
VIDEO
Deferral should not mean delay for lease accounting implementation
The proposed FASB ASC 842 deferral for private companies shouldn’t prevent your organization from starting the implementation now.
WHITE PAPER
Changes to revenue recognition in the health care industry
A white paper about how entities in the health care industry may be affected by the new revenue recognition guidance in ASC 606.