09/18/2025

Well, hi there! Sit back, enjoy, and relax as you’re currently on the Daily Accrual.

Every day, I sift through the accounting noise so you don’t have to. I share to you the most relevant, juicy accounting insights that really matter – nothing phony, just some good, accounting testimony! 

💸 Profit & Loss Report

Democrats proposed repealing July’s Medicaid cuts and extending Obamacare subsidies, aiming to block premium hikes before Nov. 1. Their blueprint funds the government through Oct. 31, while Republicans continue to push for Nov. 21 without health care provisions given. 

Negotiations are being stalled as Chuck Schumer accuses Republicans of forcing a shutdown, while GOP leaders reject said plans as “totally unserious.” With Republicans needing seven Senate Democrats to pass a bill, the Oct. 1 shutdown deadline now gets closer than ever. 

Source: CPA Practice Advisor

💎 Rare Accounting Oddities

Did you know the CPA licensure exam has lower passing rates than medical board exams? Future doctors conquer 90–98% passing rates, while aspiring CPAs face 45–55% passing rates.

The difference? Med students underwent curriculums that pipeline students into passing, while CPA hopefuls juggle GAAP standards, financial reporting, and different board regulations.

A difficult journey marks your CPA badges of honor. Pass, and you’ve conquered a statistically impossible feat than medical school board exams — making your spreadsheets brag-worthy. 😎

Ready to upgrade your Excel abilities in Wisdify?

Wisdify’s course lineups facilitate in supporting your CPA brainpower via different ways of learning, starting with discussions that makes you the go-to expert in boardrooms.

Alteryx 1: Fundamentals for Financial Analysis

Ditch Excel complexity - learn Alteryx to automate financial reporting, clean unorganized numbers, and build workflows that finish your month-end closes. 

Beginner-friendly, no coding needed. You’ll master the user interface, prep and join datasets, create dashboards, and deliver reports so clean they’re sparkling.

Healthcare Fraud Prevention & Detection

Fraud is expensive - spot it before crime spreads. This program covers healthcare schemes, primary laws (False Claims, Anti-Kickback, HIPAA), and fraud frameworks.

Learn to utilize healthcare analytics, flag suspicious anomalies, harden internal controls, and respond confidently to healthcare violations without breaking a sweat.

In Wisdify, you don’t just earn CPEs - you level up your accounting game

📝 Journaling Insider

NASBA and the AICPA have issued an exposure draft proposing updates to CPE standards to reflect different learning methods, strengthen credit-awarding, and make programs aligned with evolving practice needs. Feedback period remains open until Dec. 16.

Leaders emphasized the revisions preserve CPE quality and integrity as technology advances, reinforce learning as primary necessity for CPAs to professionally develop, uphold certain standards, and strengthen the profession’s role in financial systems.

Source: Journal of Accountancy

💰 Making Cents of Accounting

#WorkflowStruggles💼😫