By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 3, 2026 | 36-minute read TL;DR — The Short Answer ASC 250 training should teach staff to classify the change before touching the comparative financial statements. The same new fact can produce retrospective application, prospective accounting,
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By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 3, 2026 | 34-minute read TL;DR — The Short Answer Related-party accounting training should teach staff to build a complete relationship-to-transaction-to-disclosure evidence chain—not wait until year-end to ask whether any vendors happen to be owned by
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 3, 2026 | 35-minute read TL;DR — The Short Answer Subsequent events training should teach staff to ask whether new information reveals a condition that already existed at year-end—not simply whether something important happened before the
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
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,
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
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting FirmsLast updated: August 31, 2026 | 37-minute read TL;DR — The Short Answer Foreign currency accounting training should teach staff to follow the currency logic from transaction denomination to functional currency to reporting currency—not treat every exchange-rate difference as the
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
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: August 31, 2026 | 34-minute read TL;DR — The Short Answer Income tax provision training should teach staff to reconcile book income to taxable income, current tax, deferred tax, effective tax rate, and disclosure—not treat tax expense
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