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
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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 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
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 9, 2026 | 44-minute read TL;DR — The Short Answer Going concern training should teach accountants to prove whether the entity can meet obligations as they become due through the full ASC 205-40 assessment period—not begin
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 8, 2026 | 42-minute read TL;DR — The Short Answer Equity method accounting training should teach staff to explain why the investment balance and equity-method earnings changed—not simply multiply the investee’s net income by an ownership
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 8, 2026 | 41-minute read TL;DR — The Short Answer Internal-use software accounting training should teach staff to identify the software scope, determine which ASC 350-40 model the entity is applying, and trace each cost to
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 4, 2026 | 47-minute read TL;DR — The Short Answer FBAR training should teach tax staff to build the complete foreign-account reporting population before they answer Schedule B or open FinCEN Form 114. A review-ready staff
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 4, 2026 | 41-minute read TL;DR — The Short Answer Form 5472 training should teach tax staff to prove the reporting corporation, related party, and reportable-transaction population before entering a single amount on Part IV. A
By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 4, 2026 | 43-minute read TL;DR — The Short Answer Form 5471 training should teach tax staff to build the filing architecture before they prepare the schedules. The return starts with ownership, attribution, filer category, corporation
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