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Product Warranties Archives - SkillAbility

CPA staff accountants building a review-ready ASC 460 guarantee accounting file from contract scope and stand-ready obligation through fair value, contingent exposure, subsequent release, warranties, maximum payments, recourse, collateral, and disclosure
10 Sep

Guarantee Accounting Training for Staff Accountants: Build ASC 460 Recognition and Disclosure Competence

Accounting Workforce Development

By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 10, 2026  |  45-minute read TL;DR — The Short Answer Guarantee accounting training should teach staff to identify the contract before evaluating default probability. For an in-scope ASC 460 guarantee, the Day-1 stand-ready liability can exist

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CPA staff accountants building a review-ready ASC 450 contingency accounting file from legal facts and probability through loss ranges, unasserted claims, insurance recoveries, gain contingencies, subsequent events, and disclosures
02 Sep

Contingency Accounting Training for Staff Accountants: Build ASC 450 Judgment for Losses, Gains, and Disclosures

Accounting Workforce Development / Tax Advisory

By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 2, 2026  |  34-minute read TL;DR — The Short Answer Contingency accounting training should teach staff to build a documented probability-and-estimation conclusion from the underlying facts—not turn “probable, reasonably possible, remote” into three labels pasted onto

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