Roadmap: Contingencies, Loss Recoveries, and Guarantees (2024)

Published on: 08 Apr 2024

This Roadmap provides Deloitte’s insights into and interpretations of the accounting guidance in ASC 450 on loss contingencies, gain contingencies, and loss recoveries and addresses the accounting guidance in 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 publication 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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