Roadmap: Contingencies, Loss Recoveries, and Guarantees (2022)

Published on: 06 Apr 2022

This Roadmap provides Deloitte’s insights into and interpretations of the accounting guidance in (1) ASC 450  on loss contingencies, gain contingencies, and loss recoveries and (2) ASC 460 on guarantees. In addition to summarizing the accounting framework in ASC 450 and ASC 460 and providing an in-depth discussion of key concepts, this Roadmap includes examples to illustrate how these concepts may be applied in practice. 

The Roadmap is available on the Deloitte Accounting Research Tool Web site.

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