In the Office
&
In the District of Colombia
"I"FRS
"G"AAP
100
These two excel functions serve as a precursor to X and V Lookup
Index and Match
100
The DC office is comprised mainly of these two legacy firms
Cred & Kenrich
100
What museum hosts the famous Hope Diamond?
The Smithsonian Museum of Natural History
100
GAAP mandates that interest received be classified as Cash Flows from Operating Activities, but IFRS mandates that it can be recognized as Cash Flows from Operating Activities or
Cash Flows from Investing
100
The same under both IFRS and GAAP, this is recognized when a company is sold for more than the fair realizable value of its assets
Goodwill
200
The office printers share names with characters from this Dr. Seuss book
The cat in the hat
200
As a result of this company's collapse in 2002, modern firms Protiviti and Accenture were formed
Arthur Anderson
200
This resident-favorite springtime DC festival began with a diplomatic gift from Japan in 1912
Cherry Blossom Festival
200
Under International Financial Reporting Standards, reversal of this is allowed when there is an increase in the value of an asset that was previously decreased
Impairment
200
The _____ principle relates to the assessment of whether a company will continue to operate, used under both IFRS and GAAP
Going Concern
300
This man is known as the Don of Gov Con
GB
300
This duo's revolutionary work on options pricing won one of them the Nobel Prize for Economics
Black and Scholes
300
This Maryland Metro Station has the longest escalator in the Western Hemisphere and is the second deepest metro station in the Western Hemisphere; a significant engineering marvel!
Wheaton Metro Station
300
Software R&D developments may be capitalized or expensed (subject to certain requirements) under IFRS; under GAAP they must be expensed. Once IFRS software is expensed, it is considered to be this
An intangible
300
This is the central record of all of a company's transactions. Not specific to GAAP.
General Ledger
400
The first modern office building, built in 1906, was constructed in this U.S. state
NY
400
This upstart defense contractor is attempting to integrate AI into the majority of its offerings, an ex employee recently joined their ranks
Anduril
400
This man designed Washington D.C. in 1791
Pierre Charles L’Enfant.
400
Fair value through profit or loss is an IFRS-only metric that relates to the measurement and income statement treatments of
Financial Instruments
400
The Sarbanes-Oxley Act was introduced as a requirement for U.S. based companies reporting under GAAP to the SEC. By improving transparency, anti-fraud provisions, and more; the SOX act improved
Corporate Governance
500
The oldest known document in history, the Kish Tablet, is one of these... I use it every day
Spreadsheet
500
This 1966 spaghetti western, directed by Sergio Leone, completes the “Dollars Trilogy.”
The good, the bad, and the ugly
500
This president famously said that DC is a city with "Northern Charm and Southern Efficiency," this statement was evidenced by the recent snowstorm.
JFK
500
This common inventory valuation standard is allowed under GAAP, but not IFRS
Last in First Out
500
This process refers to a business starting operations from scratch, the revenue recognition under GAAP is much stricter than IFRS
Greenfield or Greenfielding