The Tuesday Accrual: July 22, 2025

July 22, 2025

07/22/2025

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

CBO Warning of $4.5 Trillion Soaring Deficits and Medicaid Losses Under Government’s Tax and Spending Law

The Congressional Budget Office (CBO) estimates Trump’s “One Big Beautiful Bill” will be adding $3.4 trillion to U.S. deficits over ten years. The law includes a $4.5 trillion revenue drop and $1.1 trillion in spending cuts by 2034. Major provisions include permanent 2017 tax cuts, temporary removal of tips and overtime taxes, expanded company tax breaks, and lifting SALT deduction cap.

The law cuts Medicaid by adding work requirements for recipients under 65 and limiting state funding methods, resulting in 10 million projected coverage losses by 2034. Administration cites tariff revenue as buffer, however rising inflation affectslow-income families. Republicans used alternative scores to portray $366 billion deficit reduction, with experts saying it hides fiscal impact.

🧼 COOL AF! (Cool Accounting Facts!)

What happens if your Excel spreadsheet gets bigger than other countries’ national databases?

Ever heard of massive spreadsheets reaching Excel’ limit? A UK financial institution built a risk assessment model consisting of 1 billion cells with every single row and column filled with data.

It’s Excel on beast mode: 1,048,576 rows × 16,384 columns. One wrong formula? Chaos. Somewhere, analysts are nervously fidgeting, coffee in hand, begging for Excel to load safely. 

So, the next time your spreadsheet pivot table begins lagging, remember—auditors out there have been fighting a working Excel spreadsheet the size of a small country’s battalions. 

Dear Professionals: Start Actually Establishing Healthcare Accounting Techniques (Without Panicking)

You’ve mastered financial statements, but when “ESG Reporting” are dropped in conversations, you suddenly feel like you’ve entered the wrong Zoom link.

Wisdify’s Healthcare Accounting Series translates healthcare regulations into accountant-friendly reporting language (i.e., legalese not required).

Healthcare data is messy. But Excel is your comfort zone. In this course, you’ll learn how to use datasets in structuring reports, building executive dashboards, calculating ROI forecasting, and making sense of financial records. 

You’ll learn to:

  • Know healthcare-specific performance metrics

  • Creating dashboards execs will actually use

  • Modeling cash flows, ROI project forecasting

  • Building scenario analysis for decision-making

You’ve seen healthcare buzzwords flying around. Now it’s time to actually understand healthcare terminologies where various community impact and environmental risks are necessary parts of financial statements.

You’ll learn to:

  • Decode GRI, TCFD, and GHG healthcare frameworks

  • Reporting healthcare metrics on  community outcomes

  • Integrate ESG reporting data with your financial reports

  • Navigate IRS Schedule H processes like a specialist

Healthcare clients need more than just your accounting expertise.If you're looking to move into healthcare finance organizations or professionally excel as the go-to healthcare specialist for providers, this is your career launchpad.

Turn “I’ve definitely heard that somewhere before
” into “Let me walk you through compliance strategies” here in Wisdify.

Your future healthcare clients will thank you later. (So will your resume.)

🔱Numbers Don’t Lie

FinCEN Currently Slowing Down AML Push: Here’s Why Investment Advisers Got Established a 2-Year Long Reprieve

U.S. Treasury’s FinCEN delays the anti-money laundering rule for investment advisers from 2026 to 2028. The ruling expands AML/CFT, suspicious activity reporting to exempt reporting advisers. AICPA warned that small firms, particularly with fewer than 20 employees, will be facing compliance burdens and suggested using average AUM per client as better financial threshold.

FinCEN stated the ruling was meant for combating illicit monetary risks abusing U.S. investment advisers. However, the need for customized methods were recognized. During postponement, FinCEN will be offering exemptive relief, and collaborating with SEC in re-evaluating customer identification regulations, considering industry unease submitted in July 2024.

🐩 Twitter Showdown

#HierarchyHeadacheđŸ˜”â€đŸ’«đŸ’Š

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