09/10/2025

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

The Supreme Court will be hearing whether Donald Trump exceeded his authority by imposing global sanction tariffs, including his “Liberation Day” measures. Lower courts ruling specified Congress tariff-imposing authority. Trump argued national emergencies like drug imports justify everything. 

Tariffs have generated $130 billion this year and might cut deficits by $4 trillion until 2035. Striking them down may force billions in refunds, massive revenue cutting, and weakened U.S. trade leverage, making this one of the governments most consequential scenarios during Trump’s presidential term.

Source: CPA Practice Advisor 

💎 Rare Accounting Oddities

In Japanese companies, accountants are honored with a ceremonial bow once financial statements are closed. Bowing (ojigi) is their cultural form of respect.

Imagine rows of number-crunchers being given synchronized bows embodying respect and gratitude from companies they’re working for. 

It’s Japan’s graceful tradition blending appreciation, discipline, and gratitude . A reminder that sometimes, closing your statements end with a respectful bow.

Good news for everyone: Wisdify’s Specialized Accounting Programs are designed to strengthen your confidence in professional workplace settings.

🏥 Healthcare Fraud Prevention and Detection 

Healthcare fraud isn't just storylines on your favorite medical drama - it’s a expensive worldwide problem. Learn exactly how to:

• Spot red flags in healthcare claims and billing datas

• Master frameworks and structure risk assessments

• Build internal controls standing high pressure works

• Get hands-on with informatioh analytics techniques

🤖 AI for Accountants 

If “AI” makes you picture robots stealing our jobs, relax. This course discusses how automation’s working for you. Learn exactly how to:

• Automate journal entries and routine classifications 

• Write polished customer messages in just seconds 

• Identify fraudulent anomalies with machine precision

• Forecast like wizards using AI-powered estimates

Both courses are designed to provide you indispensible abilities. Wisdify’s programs broadens your expertise, helping you land premium clients.

Why settle for basic knowledge when you can upskill in Wisdify?

Source: Wisdify

📝 Journaling Insider

The Bureau of Labor Statistics marked down payrolls by 911,000 for the year, cutting average monthly job growth to about 75,000 from 149,000. Retail, leisure, and manufacturing experienced the largest revisions, adding pressure on the Federal Reserve to minimize rates.

Alterations drew political fire, with Trump calling BLS data “broken,” though economists implied that adjustments had been routinely. While 911,000 is modest in a 163 million strong workforce, scales are raising doubts on reporting accuracy. Final figures will be released in February 2026.

Source: CPA Practice Advisor 

💰 Making Cents of Accounting

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