The Tuesday Accrual: December 09, 2025

Profit & Loss Report

Republicans Introduce ACA Tax Credit Extension with Minimum Cap

The CARE Act would extend ACA subsidies for two years with a $200,000 income cap and a $25 minimum premium, ending zero-cost plans. Without further action, premiums could double and millions of Americans might lose coverage after 2025.

Without an extension, subsidized enrollees could witness premiums rise from $888 to $1,904 in 2026, while hospitals face higher uncompensated care. As a temporary “glidepath” off pandemic-era support, the bill’s future remains uncertain.

Source: CPA Practice Advisor

Rare Accounting Oddities

What does horse feed, and grains have in common with accounting?

Roman accountants tracked everything. Their ledgers covered rations, weapons, and even iron hob‑nails, proving accounting was the backbone of military efficiency.

Forts like Vindolanda in Britain reveal daily logs of supplies and payments, showing logistics like inventory managers. Every detail mattered, from grain to a pair of caligae.

Imagine scribes balancing ledgers for horse feed while armies marched across Europe. Next time you’re working, remember — accounting keeps the world running.

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Journaling Insider

FASB Update Simplifies Topic 270 and Interim Disclosure Principles

The FASB issued a new ASU on December 8 to simplify GAAP interim reporting by clarifying when Topic 270 applies, mandatory disclosures, and interim statement organization. The principle requires material event disclosure after recent years.

The ASU does not change the purpose of interim reporting but improves consistency by streamlining disclosures and formatting guidance. It becomes effective for public business entities starting late 2027 or 2028, with early adoption allowed.

Source: CPA Practice Advisor 

Making Cents of Accounting

“Expensive Adventure”

Accountant A: Reconciling expenses is my cardio.

Accountant 2: So you’re running to Excel and back?

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