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
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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
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 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,
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
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