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Roadmap Series

Contingencies, Loss Recoveries, and Guarantees

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A Roadmap to Accounting for Contingencies, Loss Recoveries, and Guarantees (October 2020)

  • Download the PDF version (available without subscription; not updated after issuance).
  • View the active version (subscription required; updated as warranted). For subscribers, links to substantive changes made to the Roadmap since its issuance, if any, will be provided below.
This Roadmap provides Deloitte’s insights into and interpretations of the accounting guidance in ASC 450 on loss contingencies, gain contingencies, and loss recoveries. In addition, the 2020 edition of this publication contains a new chapter on the accounting guidance in ASC 460 on guarantees.
This Roadmap replaces the Deloitte Q&As that were contained in ASC 450. To find the text in the Roadmap that corresponds to a former Q&A, select the “Contingencies” tab at the bottom of the Q&A to Roadmap Quick Reference Guide and search for the Q&A’s number or title.
Be sure to check out other titles in Deloitte’s Roadmap series, our comprehensive, easy-to-understand collection of accounting guides on selected topics of broad interest to the financial reporting community.