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


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


Life sciences finance leaders share ASC 842 adoption insights

Pharmaceutical, biotech and medical device company finance leaders discuss ASC 842 lease accounting adoption complexities and challenges.

  • October 20, 2021


Dot the i’s and cross the t’s—a deeper look into ASC 842 adoption

Join this webcast as we discuss high-risk areas to consider as your company is implementing the new ASC 842 lease accounting standard.

  • September 28, 2021


Discount rate for lessees that are not PBEs

The FASB tentatively decided to allow lessees that are not PBEs to make the risk-free rate election by class of underlying asset.

  • September 27, 2021


Lease accounting in NetSuite using NetLease

Join our webcast to learn how ASC 842 changes lease reporting requirements and how to capture required information in NetSuite.

  • August 23, 2021


Minor proposed amendment to transition requirements for IFRS 17

The IASB has proposed an amended IFRS 17 transition requirement for entities that first apply IFRS 17 and IFRS 9 at the same time.

  • August 18, 2021