It's not been glossed over. Several posts in the forum have stated unequivocally that 1 VF year = 2 hours in reality. The day/night cycle has no connection with this; it is based on your computer's clock and your own time zone.

At to removing the bank account projection, this is a game, for Heaven's sake! Governments make similar fiscal and financial projections based on similarly flawed data. Don't use it if you don't want it.