The Monday Accrual: November 17, 2025

Profit & Loss Report

$200 Social Security Raises Highlights Inflation and Budget Problems

Senate Democrats propose a temporary $200 monthly boost to Social Security and veterans’ benefits to offset rising costs from tariffs and inflation. Supporters call it an emergency lifeline for cost-of-living adjustments and healthcare expenses.

Fiscal watchdogs say the planned increase remains irresponsible, noting many seniors already have protections and COLA increases. Analysts warn it could potentially worsen Social Security’s fiscal crisis without broader provision reforms.

Source: CPA Practice Advisor 

Rare Accounting Oddities

Did you know ancient Chinese accountants built a 21,0000-km empire?

Could you balance finances that stretched across dynasties? Behind every fight stood imperial accountants, tracking everything long before Excel was a thing. 

Funded by military levies, the Great Wall’s construction was monitored using bamboo-slip ledgers for tracking budget of ancient mega-projects.

Accountingremains the silent backbone of civilization. You can’t build a 21,000-km wall without someone quietly crunching the numbers inside.

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Journaling Insider

Officials Support Moloney to Handle CorpFin and Reinforce Standards

Former SEC officials support James Moloney’s return to lead CorpFin, noting his alignment with Chair Paul Atkins’ push for simpler disclosures. They expect him to reduce unnecessary reporting and ease demands on public companies.

Previous CorpFin leaders highlight Moloney’s experience, anticipating him to start fixing persistent issues like inconsistent non-GAAP guidance. Critics also believe he will make the division more responsive to company inquiries.

Source: Thomson Reuters 

Making Cents of Accounting

“Depreciation Drama”

Accountant 1: I feel like my car’s depreciating too quickly.
Accountant 2: That’s accounting for you, which is normal
Accountant 1: At least my assets aren’t crying about it yet.

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