CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS
Self-Study

Accounting for Guarantees

1 Credits: Accounting

$29.00$49.00

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Accounting for Guarantees

Format
Self-Study
Course Level
Overview
CPE Credits

1 Credits: Accounting

Course Description

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.

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Learning Objectives

Upon successful completion of this course, participants will be able to:

  • 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.
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Course Specifics

Course ID
SS124388282
Revision Date
June 18, 2024
Prerequisites

There are no prerequisites.

Advanced Preparation

None

Number of Pages
33

Compliance Information

NASBA Provider Number: 103220

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. 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 …