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