© 2019 RSM US LLP. All rights reserved.
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
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.
FINANCIAL REPORTING INSIGHTS
ASC 842: An overview and a guide to lessee accounting
We recently published an high-level summary of ASC 842, Leases, and an in-depth guide to lessee accounting under ASC 842.
FINANCIAL REPORTING INSIGHTS
GASB issues implementation guide on lease accounting
The GASB recently issued an implementation guide to provide guidance related to GASB Statement No. 87, Leases.