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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

most recent insights

FINANCIAL REPORTING INSIGHTS

FASB votes to defer various effective dates (including CECL & leases)

FASB votes to defer the effective dates of leases, CECL and hedging for certain entities and insurance for all entities.

  • October 16, 2019

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.

  • September 25, 2019

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.

  • September 17, 2019
IRS issues guidance for method changes under proposed section 451 regs

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).

  • September 11, 2019
IRS releases proposed section 451(b) regs for revenue recognition

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.

  • September 10, 2019
Proposed regulations clarify revenue deferral under section 451(c)

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.

  • September 10, 2019
Deferral should not mean delay for lease accounting implementation

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.

  • September 05, 2019