Course Description

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

• 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.

Final examination expiration date:

The program participant will have one year from the date of purchase to complete the course and final examination.