A Roadmap to Accounting for Contingencies and Loss Recoveries (2019) (Roadmap Series)

This publication in Deloitte's Roadmap series provides Deloitte's insights into and interpretations of the accounting guidance in ASC 450 on loss contingencies, gain contingencies, and loss recoveries. The goal of this publication is to assist entities in understanding and applying ASC 450. In addition to summarizing the accounting framework in ASC 450 and providing an in-depth discussion of key concepts, the Roadmap includes examples to illustrate how these concepts may be applied in practice.