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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.
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
With the uptick of SPAC mergers, this Texas truck electrification business recently went public via a SPAC with the help of RSM.
The OECD’s guidance illustrates how the pandemic may impact arm’s length results, including lower profits and even losses.
Once becoming a publicly owned company, the SPAC transaction journey must be undertaken with advanced planning.
FINANCIAL REPORTING INSIGHTS
Our coronavirus white paper has been updated for financial reporting matters related to the Consolidated Appropriations Act, 2021.
The GASB's guidance addressing financial reporting implications of the replacement of interbank offered rates.