Accounting Policies & Processes
Chart of Accounts:
A Bunch of "BS"
A Bunch of "BS"
Nerd Alert:
MRI Database & Queries
MRI Database & Queries
Things Found on a "Bridge"
Chart of Accounts:
Not A Bunch of "BS"
Not A Bunch of "BS"
100
The accounting pronouncement referenced in the name of a tracking schedule we implemented in 2010 to aggregate entries that are material corrections of a prior quarter or a prior year to ensure that these entries are properly escalated to senior management and disclosed as necessary.
What is SAB99?
100
The account used for non-cash entries, reclasses and allocations between two entities within the same MRI Project.
What is 14900-0100 INTRA Entity Transfer - Non Cash?
100
When the gl period for an entity is closed, journal entries for that entity and that gl period are moved from the JOURNAL table to this table.
What is the GHIS table?
100
What is the Employee Handbook?
100
Piedmont earns a Construction Management fee for overseeing a tenant's buildout project. No tenant allowance was provided. The fee would be recorded in this account.
What is 47000-0300 Construction Mgmt Fee Revenue?
200
The process of completing this step in our monthly closing procedures using the P_BLDGSUM2 report came about primarily as a result of posting revenue directly in the general ledger via manual journal entry rather than entering in through CM.
What is the CM to GL Reconciliation?
200
2 Questions Required: A reclassification between 32000-0100 Earnings - Current Year and 33000-0100 Earnings - Life to Date is recorded how often and in what period(s).
What is annually or once a year? What is January?
200
The basic framework of a SQL Query used to extract data from tables in the MRI database begins with what word?
What is SELECT?
200
A link to UltiPro can be found on this page of the Bridge.
What is HR & ADMINISTRATION?
200
A short term lease agreement with a tenant was executed resulting in Piedmont incurring $4,925 of leasing commissions which would be recorded to this account.
What is 66200-0700 Leasing Commissions - NR?
300
The three letter department code abbreviation that should be used in a journal entry when debiting lease termination expense and crediting accumulated depreciation or amortization, otherwise known as a termination write-down.
What is TRM?
300
An allowance provided to a tenant reimbursing them for their legal expenses incurred in negotiating a lease with us would be coded to this balance sheet account.
What is 17000-0200 Deferred Costs - Tenant Allowance?
300
This table is used to store data related to tenant transactions such as charges, credits and cash receipts that is used in various CM reports like the Aged Delinquencies Report and the Receivables Ledger.
What is the CMLEDG table?
300
A link to Piedmont's SEC filings can be found on this page of the Bridge.
What is FINANCE AND ACCOUNTING?
300
A termination agreement is executed with a tenant. Terms of the agreement have the tenant continuing to pay monthly base rent for an additional 6 months after the effective date of the termination which would be recorded as revenue in this account.
What is 48000-0100 Lease Cancellation Charge?
400
The income category to be used for a Rent Retail carryforward balance when entering a manual straight line rent adjustment into the FASB table in MRI as a result of a lease modification.
What is CARR1?
400
A property is acquired with assumed debt having a below market interest rate. A debit balance would exist in this liability account following the recording of the acquisition entry.
What is 21000-0300 Notes Payable - Step Up?
400
This symbol is used in a SQL query to designate that you want to retrieve all fields in a particular table.
What is the asterisk (or star)?
400
Two corporate governance policies on the Bridge you could refer to if you encountered a situation as shown in this video.
What is the Code of Business Conduct & Ethics and the Whistleblower policies?
400
Piedmont incurs $20,000 of legal fees associated with the acquisition of a new property which would be recorded to this account.
What is 90300-0400 Acquisition Costs - Closed Transactions?
500
3 Questions Required: This entity type, the legal name for Piedmont's entity of this type and its MRI project number put into use for the first time by Piedmont within the last year to earn income or hold assets that would cause problems to maintaining our REIT status, such as: operate food service or cafeterias in office buildings, operate parking facilities, and construct and operate a solar panel array to generate renewable energy.
What is a Taxable REIT Subsidiary (TRS)?
What is Piedmont Office Holdings, Inc.?
What is 03166?
500
Since 2009, this account has been included in the equity section of the balance sheet rather than in the mezzanine between liabilities and equity, a change brought about as a result of FAS 160.
What is 33300-0100 Non-Controlling Interest?
500
This happens when the Jeopardy topic gets too complicated for the game host to come up with a reasonable question and he is otherwise feeling generous.
What is "Every Team Gets 1000 points!"?
500
The number of official company holidays during 2011 as listed on the Bridge.
What is 9?
500
Piedmont incurs $100,000 to remove previous generation tenant improvements to make the space more marketable to prospective tenants. As no lease has yet been executed, the expenditure would be recorded to this account.
What is 61600-1100 Demolition Cost?