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,
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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
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
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
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 Cost accounting training should teach staff to explain why a product, service, customer, location, or job earns—or loses—money, not merely assign overhead and report a gross-margin
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