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.
Last updated/reviewed: March 9, 2024
7 Reviews (29 ratings)

Reviews

4
Anonymous Author
Guarantees is a complex and fascinating topic I have never delved into before. This was extremely helpful and informative for someone with zero knowledge base on this topic.
5
Member's Profile
Greatly enjoyed this course and the corresponding material. Very informative and a great review of Guarantees.
5
Anonymous Author
Good course on guarantees. A lot of new information if you haven't worked with guarantees in quite a while.
5
Member's Profile
This was a challenging yet valuable course! I learned a lot and look forward to your next course.
4
Anonymous Author
Nice overview of accounting for guarantees, including disclosure requirements.
5
Anonymous Author
well laid out and organized, easy to follow. Material was concise
5
Member's Profile
Concise overview of guarantees, which are numerous and complex.
Prerequisites
Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview CPE
Course Syllabus
COURSE MATERIAL
  Accounting for Guarantees (Text Based Course)PDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam