By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: August 28, 2026 | 36-minute read TL;DR — The Short Answer Statement of cash flows training should teach staff to prove where cash came from, where it went, and why ending cash changed—not force the statement to
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By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: August 28, 2026 | 31-minute read TL;DR — The Short Answer Equity accounting training should teach staff to explain every change in ownership equity from legal authorization to the statement of equity—not treat equity as the balancing
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: August 27, 2026 | 30-minute read TL;DR — The Short Answer Debt accounting training should teach staff to prove what the borrower owes, what the debt actually costs, whether the company is in compliance, and how the
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting FirmsLast updated: August 27, 2026 | 37-minute read TL;DR — The Short Answer Intercompany accounting training should teach staff to make the entities agree before consolidation—not use elimination entries as plugs for unresolved differences. A review-ready staff accountant can map
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: August 26, 2026 | 38-minute read TL;DR — The Short Answer Inventory accounting training should teach staff to prove ownership, quantity, unit cost, cutoff, recoverability, and reconciliation—not simply accept the perpetual inventory report and book a year-end
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: August 26, 2026 | 41-minute read TL;DR — The Short Answer Lease accounting training should teach staff to prove why an arrangement is a lease, why the lease term and discount rate are supportable, and why the
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: August 26, 2026 | 41-minute read TL;DR — The Short Answer Revenue recognition training should teach staff to prove why revenue belongs in this amount and this period—not merely memorize ASC 606’s five steps. A review-ready staff
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