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
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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
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 | 34-minute read TL;DR — The Short Answer CECL training should teach accountants to build an allowance from the economics of collectibility—not roll last year’s percentage forward and call it expected credit loss. A
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 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
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