Accounting Principles
Financial Reporting
Information Systems
Piedmont Properties
Piedmont Statistics
100
A term used to describe the accounting rules used to prepare, present and report financial statements for a wide variety of entities, including publicly-traded and privately-held companies, non-profit organizations and governments. The term is usually confined to the United States.
What is US GAAP?
100
This statement can be termed a "snapshot" of a company's financial condition at a specific point in time.
What is the Balance Sheet or Statement of Financial Position?
100
The name of Piedmont's primary accounting software.
What is MRI?
100
The 5th tallest building in the United States standing 1,136 feet tall.
What is Aon Center?
100
The largest tenant in the Piedmont portfolio in terms of both leased square footage and annualized lease revenues.
What is the US Government?
200
This principle is exemplified in practice by Depreciation and Cost of Goods Sold. Expenses are recognized not when the work is performed or when a product is produced but when the work or the product actually makes its contribution to revenue.
What is the Matching principle?
200
Separation of accrued capital expenditures from accrued operating expenses and other accrued payables assists with the preparation of this statement.
What is the Statement of Cash Flows?
200
This product is used by Piedmont to slice and dice accounting data providing ad hoc analytics and flexible modeling for reporting, forecasting and planning.
What is TM1?
200
On June 30, 2006, firefighters tackled a two-alarm fire in this Piedmont high-rise - an alarm that initially came in as a medical emergency. Instead of a patient, a building engineer greeted the firefighters and advised them of sparks coming from an electric panel. Firefighters proceeded to the fire control room where multiple devices on multiple floors were lighting up the panel! Office workers on the 13th floor reported water pouring from the ceiling, and firefighters sent to the floor above - No. 14 - discovered heavy smoke and fire, which was promptly extinguished. The fire resulted in a loss of more than $3 million and inflicated untold amounts of additional pain and suffering on the Piedmont accounting team having to deal with the insurance claim.
What is 4250 North Fairfax Drive?
200
The largest geographical market for Piedmont in terms of rentable square footage and annualized lease revenues.
What is Chicago?
300
This principle requires companies to record income when it is realized or realizable and earned, not when cash is received (i.e. accrual basis accounting).
What is the Revenue Recognition principle?
300
Amortization of Deferred Financing Costs is included in this expense category on the Statement of Operations.
What is Interest Expense?
300
The latest trend in the accounting information system world. Instead of dealing with servers and locally stored software and files, the place where software files reside are off-site and hosted by an outside service provider.
What is Cloud Computing or SaaS (Software as a Service)?
300
The host of the tv show shown in this video is originally from the same metropolitan area where these two Piedmont properties are located.
What is East Point I & II?
300
The number of office properties currently in the Piedmont portfolio (exclusive of our equity interests in seven properties owned through unconsolidated joint ventures and our two industrial properties)?
What is 77?
400
This principle requires companies to account and report based on acquisition costs rather than fair market value for most assets and liabilities.
What is the Historical Cost principle?
400
A comprehensive report of a company's performance that must be submitted quarterly by all public companies including Piedmont to the Securities and Exchange Commission.
What is SEC Form 10-Q?
400
This company's products include FAS (Fixed Asset Software) used by Piedmont as well as Timberline, Peachtree Accounting and Simply Accounting.
Who is Sage?
400
The name of the first wholly owned property purchased by Piedmont in 1998 located in Tampa, FL.
What is Eisenhower Blvd (aka the PWC Building)?
400
The number of employees reported by Piedmont.
What is 111?
500
If a situation arises where there are two acceptable alternatives for reporting an item, this principle directs the accountant to choose the alternative that will result in less net income and/or less asset amount. It also leads accountants to anticipate or disclose losses, but it does not allow a similar action for gains.
What is the principle of Conservatism?
500
A term representing the certain gains and losses of a company not recognized on the P&L such as fair value adjustments on derivates held as cash flow hedges. A common way for companies to report this activity is to include it in the Statement of Stockholder's Equity.
What is Other Comprehensive Income (OCI)?
500
A database computer language designed for managing data in relational database management systems and originally based upon relational algebra and calculus.
What is SQL (Structured Query Language)?
500
The pending sale of Piedmont's investment in 35 W Wacker is expected to produce a record gain on sale for Piedmont of ~$88 million! Piedmont's current record gain on sale of ~$25 million is held by this property located in Southern California which was sold in 2005?
What is the Bank of America Orange County building?
500
The dividend amount (on an annualized basis per share) currently being paid by Piedmont to common stockholders.
What is $1.26?