05/27/2025

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! 

📝 Journaling Insider

PCAOB is establishing a smaller firm resource group to collect auditing feedback on implementing newly adopted standards like QC 1000, as mentioned by Chair Erica Williams. Chief Auditor Barbara Vanich discusses that while nothing is planned, the board focuses on supporting companies through material implementation, advancing inventory projects, etc.

This particular implementation focus coincides with SEC leadership shifts now chaired by Paul Atkins, Trump’s appointee expected to bygone regulations introduced under the Biden administration. Both Atkins and Williams held an initial meeting without discussing specifics, signaling an ongoing collaboration despite uncertain regulatory priorities.

Source: Thomson Reuters

💰 Making Cents of Accounting

#JustMakingSure💔🩹

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Feeling rock-solid with accounting principles but suddenly lost when the conversation turns on HIPAA, Stark Law, or HITECH? You’re not alone — that’s exactly where lessons come in. 

Wisdify’s Healthcare Accounting Series is designed to make healthcare compliance relatable for accountants (not lawyers). Whether you’re aiming to boost your confidence navigating healthcare regulations or shifting towards premium clients, Wisdify delivers the right mix of healthcare-accounting expertise.

Start with Healthcare Budgeting and Forecasting where you’ll learn how to make budgeting plans, forecast patient volumes, manage healthcare costs, and know variance analysis through practical, healthcare-specific case studies.

Then level up with Healthcare Mergers and Acquisitions diving into hospital valuation, healthcare due diligence, and integration planning while spotlighting healthcare’s unique regulatory challenges and various strategic complexities. 

With bite-sized video lessons, multiple discussion quizzes, and final assessments, these professional courses make specialized knowledge digestible, aiding you step into healthcare and zero legal headaches. 

Mastering healthcare accounting just got a whole lot smarter (and definitely more fun).

Source: Wisdify

💸 Profit & Loss Report

High mortgage rates pushed affordability to a 30-year low, causing new home sales to flatten month-over-month and drop 6.9% year-over-year. Builders are offering more construction price cuts and various incentives, while quick move-in (QMI) inventory rose 22% from last year, with Seattle, Charlotte, and Washington, DC seeing the largest homeowner spikes.

Home prices declined slightly for entry-level and move-up homes but rose 0.4% for high-end properties, with 35% of builders cutting prices in April. National community grew 7.3% year-over-year but remains 16.9% below 2019 levels, with Orlando, Charlotte showing the most growth as Washington, Las Vegas posting the steepest declines.

Source: CPA Practice Advisory

💎 Rare Accounting Oddities

The US boasts approximately 1.56 million accountants, surpassing the 1.1 million active physicians working across various medical specialties, underscoring financial systems.

Accounting population reflects national emphasis on financial reporting and transparency, ensuring businesses adhere to laws, accountants play a significant role in maintaining the national economic health.

So, while doctors are extremely vital for our physical well-being, accountants remain indispensable for our stability, longevity, and opportunities.