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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

Technical accounting consulting integrated services

VIDEO

Technical accounting consulting integrated services

TAC can help your business by supplementing management teams and helping identify what systems and processes need to scale.

  • June 04, 2020

FINANCIAL REPORTING INSIGHTS

FASB finalizes limited effective-date deferrals for ASC 606 and 842

ASU 2020-05 provides one-year effective date deferrals for certain entities and their adoption of ASC 606 and 842.

  • June 04, 2020

INSIGHT ARTICLE

Companies must sustain and improve remote closing as pandemic goes on

As we continue to navigate uncharted waters during the pandemic, a defined, sustainable remote close process has quickly become a necessity.

  • May 22, 2020

FINANCIAL REPORTING INSIGHTS

FASB expands ASC 606 deferral and approves limited deferral of ASC 842

On May 20, 2020, the FASB approved one-year effective date deferrals for certain entities for ASC 606 and ASC 842.

  • May 20, 2020

ARTICLE

Successfully selecting a lease accounting technology solution

While ASC 842 will affect leasing activities, technology solutions can help ease the burden that the new standard brings.

  • May 13, 2020