A Closer Look at Guarantees and Commitments under U.S. GAAPCode: 27-GUARANTEESGAAP

Price: $19.00
Add to Cart

Course Details

Pages: 37
Course Overview
This course provides an of the accounting for guarantees and commitments under
U.S. GAAP. It begins with the principles for recognizing and disclosing guarantees
and then expands to cover commitments, such as unused lines of credit, purchase
obligations, and other off-balance sheet arrangements. Throughout, you'll gain
practical insight into how these obligations affect financial reporting and the
disclosure requirements for each.

Learning Objectives
Upon completion of this chapter, you will be able to:
  •  Identify which arrangements fall within the scope of ASC Topic 460
  •  Recognize when a guarantee must be recorded as a liability
  •  Determine the appropriate initial and subsequent measurement of a guarantee
  •  Select the required disclosures for guarantees in the financial statements
Category: Accounting

Recommended CPE Hours: 2

Level of knowledge: Overview

Prerequisite: General understanding of GAAP

Advanced Preparation: None
Processing...
$19.00
Select Desired Format:


No reviews yet.

For more information regarding refunds, complaints, or cancellation policies, please contact our offices at 817-477-0222.

American CPE, Inc. 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

 

NASBA QAS Sponsor number 108096