Accounting for Guarantees

Guarantees are often included within certain purchase agreements, sales agreements, commercial agreements, and many other types of agreements.  This course provides an overview of the accounting, reporting, and disclosure requirements related to guarantees.  The U.S. GAAP guidance related to guarantees is prescribed by ASC Topic 460.         

Learning Objectives

Upon completion of this course, you will be able to:

·       Identify the primary types of guarantees

·       Recognize the guarantees that are within the scope of ASC Topic 460

·       Identify the recognition, measurement, and subsequent measurement requirements of guarantees

·       Recognize key disclosure requirements for guarantees

        Revision Date:1/14/22

Additional Contents : Complete, no additional material needed
Advance Preparation : None
Intended Participants : Any CPA looking to maintain or enhance their professional competence
Course Declaration : Participants must complete the final examination within one year of purchase. A minimum passing grade of 70% or better is required to receive CPE
Click here to view cancellation and record retention policies