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Course Information

Course No: 153721

Course Name: Accounting for Guarantees

Field of Study: Accounting

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: After completing this section, you should 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.

Course Material: Online Material

Program level: Overview

Prerequisites: None

Advance preparation: None

Type of delivery method: QAS Self-study

Recommended CPE credits: 1.0

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

Web CPE is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.