04/08/2025

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! 

📊 Accountants Gone WILD

MicroStrategy posted an unrealized $5.9 billion loss in Q1 after adopting new accounting rules that value Bitcoin at market prices. A 12% drop in Bitcoin slashed holdings by $5 billion, though retained earnings increased $13 billion due to said accounting change. The stock, which used to be 2,200% since 2020, fell 14% on Monday amidst buyer concerns.

Michael Saylor’s Bitcoin-fueled strategy—funded by stock sales and debt—made MicroStrategy a Bitcoin proxy, attracting hedge funds betting on volatility. With Bitcoin struggling, the firm received a sell rating, boosting doubts and concerns investors on their high-risk approach.

Source: Accounting Today

🧮 COOL AF! (Cool Accounting Facts!)

Ancient Rome used to have accountants tracking every denarius spent on gladiators. They were high-value investments. Keeping them battle-ready needs financial oversight — from premium medical care to specialized diets.

Gladiator ledgers covered everything: food rations, weapon maintenance, and even post-fight recovery expenses. Roman accountants ensured the empire’s prized combatants were optimized for maximum arena performance.

So, the next time you’re balancing ledgers, just remember — you’re carrying on a hundred-years old tradition! Great accounting has always been the secret weapon behind great fighting performance!

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🔢Numbers Don’t Lie

The Transamerica Retirement Survey reveals both optimism and anxiety among pre-retirees. While 87% view retirement positively, 70% worry they won’t save enough, and 34% have withdrawn funds early, impacting long-term savings. Travel (65%), family time (57%), and hobbies (49%) top retirement dreams, yet 52% are still expected to work part-time.

With 48% relying on personal savings, mostly from 401(k)s and IRAs, and 23% depending on Social Security, uncertainty looms—72% fear Social Security won’t last. Despite widespread concerns, financial research suggests many retirement fears may be overblown, giving reassurance to future retirees.

Source: Journal of Accountancy

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