Accounting for Guarantees ON DEMAND
Available Until
Your Desk
1.0 Credits
Member Price $29.00
Non-Member Price $33.00
Overview
There are specific requirements for how a guarantee is to be accounted for and disclosed. In the Accounting for Guarantees course, we discuss the various types of guarantees and whether they fall within the scope of this GAAP topic. The course also addresses the accounting for all qualifying guarantees, and how related information is to be disclosed in the financial statements of the reporting entity.
Highlights
Accounting for guarantees. Direct guarantees vs. Indirect guarantees. The guaranteed party. Warranties. Examples of pertinent SEC filings.
Prerequisites
None.
Designed For
CPA, CEO, CFP, and other accounting professionals.
Objectives
Identify the different types of guarantees. Specify the types of guarantees that fall within the scope of the GAAP Guarantees topic. Recall the methods used to measure subsequent changes in the amount of a guarantee. Specify the circumstances under which a loss contingency should be recorded.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $33.00
Member Price $29.00