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
Welcome to SkillAbility
Fair Value Archives - SkillAbility
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
10 Sep
Asset Retirement Obligation Training: Build ASC 410 Competence From Initial Liability to Accretion
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 10, 2026 | 43-minute read TL;DR — The Short Answer Asset retirement obligation training should teach staff to prove the legal obligation, measure the retirement work like a market participant, and roll the liability from initial
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 Intangible asset accounting training should teach staff to prove why an intangible asset exists, how long it contributes to cash flows, and why the amortization or
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
08 Sep
Hedge Accounting Training for Accountants: Build ASC 815 Competence From Derivative to Documentation
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 8, 2026 | 39-minute read TL;DR — The Short Answer Hedge accounting training should teach accountants to prove the relationship before they book the derivative. An economic hedge can reduce risk and still fail ASC 815
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 2, 2026 | 38-minute read TL;DR — The Short Answer Asset impairment training should teach staff to trace an ASC 360 write-down from the trigger event through the asset group, undiscounted recoverability test, fair value, allocation,
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 1, 2026 | 34-minute read TL;DR — The Short Answer Stock compensation accounting training should teach staff to follow each award from legal terms to financial statement impact—not treat ASC 718 as “fair value ÷ vesting
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: August 31, 2026 | 35-minute read TL;DR — The Short Answer Business combination accounting training should teach staff to reconstruct the acquired business at the acquisition date—not simply book “purchase price minus net assets = goodwill.” A
© 2026 | SkillAbility | All Rights Reserved. | Developed & Digital Marketing By Veom Infotech