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- The Thursday Accrual: November 27, 2025
The Thursday Accrual: November 27, 2025
11/27/2025
3 Tricks Billionaires Use to Help Protect Wealth Through Shaky Markets
“If I hear bad news about the stock market one more time, I’m gonna be sick.”
We get it. Investors are rattled, costs keep rising, and the world keeps getting weirder.
So, who’s better at handling their money than the uber-rich?
Have 3 long-term investing tips UBS (Swiss bank) shared for shaky times:
Hold extra cash for expenses and buying cheap if markets fall.
Diversify outside stocks (Gold, real estate, etc.).
Hold a slice of wealth in alternatives that tend not to move with equities.
The catch? Most alternatives aren’t open to everyday investors
That’s why Masterworks exists: 70,000+ members invest in shares of something that’s appreciated more overall than the S&P 500 over 30 years without moving in lockstep with it.*
Contemporary and post war art by legends like Banksy, Basquiat, and more.
Sounds crazy, but it’s real. One way to help reclaim control this week:
*Past performance is not indicative of future returns. Investing involves risk. Reg A disclosures: masterworks.com/cd
Profit & Loss Report
CPA Societies Urges to Recognize Accounting as a Professional Degree
State CPA societies urge the DOE to classify accounting as a professional degree under the One Big Beautiful Bill Act. Without this, graduate loan access drops to $20,500 versus $50,000 for other programs, risking the academic CPA pipeline and competitiveness.
Accounting has been a rigorous, licensure-based profession vital for public financial transparency since 1896. The DOE is urged to revise classifications, consult the accounting community, and secure equitable loan access for future auditors, analysts, and regulators.
Rare Accounting Oddities
Why did old-school accountants proudly leave their mistakes visible?
Ever wondered why it’s called an audit trail? In old ledger days, accountants didn’t erase mistakes — they rewrote corrections, and left everything visible.
Those ink-streaked “oops” moments became the first audit trails, preserving financial changes like historical breadcrumbs - enough to keep notice.
Our digital logs now may be cleaner, but the idea remains the same: edits tell a story, entries leave footprints, and CPA’s follow trails like police detectives.
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Field of Study: Information Technology
Prerequisites: Wisdify’s Alteryx Fundamentals for Financial Analysis
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Journaling Insider
Senate Bill Upgrades IRS Programs, Rejecting House Policy Condition
The Senate’s 2026 plan raises IRS taxpayer services to $3.2 billion, keeps $5.4 billion for enforcement, and funds TAS, VITA, low-income clinics, and senior tax counseling. $3.19 billion is allocated for IT, removing House riders on Direct File, IRS firearms, and CTA enforcement.
Senate rejects House cuts by keeping funding at $2.149 billion and dropping riders targeting cybersecurity, climate rules, and FASB’s ASU 2023-09. Both chambers retain the ban on corporate political spending disclosures, and Senate leaders signal more negotiation ahead.
Making Cents of Accounting
“Write-Off This Joke”
Alex: “I crack my accountant funny jokes.”
Jamie: “And? How does it go?”
Alex: “He deducts my jokes as expense.”
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