By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 11, 2026 | 44-minute read TL;DR — The Short Answer ASC 845 training should teach accountants to prove why an exchange is at fair value or carrying amount—not memorize that “like-kind assets use book value.” Under
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By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 9, 2026 | 42-minute read TL;DR — The Short Answer Investment accounting training should teach staff to route each security into the correct accounting model before calculating a gain or loss—because the same market movement can
02 Sep
Goodwill Impairment Training for Accountants: Build ASC 350 Testing and Documentation Competence
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 Goodwill impairment training should teach accountants to prove whether a reporting unit’s goodwill remains recoverable—not treat the annual impairment test as a valuation report that accounting
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 1, 2026 | 33-minute read TL;DR — The Short Answer Fair value accounting training should teach staff to understand why a valuation represents an ASC 820 exit price—not simply accept a specialist’s number and label it
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