I was sitting at work on Wednesday this week when something strange happened. Its crazy busy these days because of IFRS transition deadline slowly moving closer and companies getting more stressed out about how much there is to do … DON’T STOP READING! This blog is not about accounting. I promise.
Anyway – I was sitting at work writing a paper about the appropriate accounting treatment for precious metals stored on premises that an entity has the right to use but no legal title to …. Hahaha joking! I promise that is the last accounting reference. I thought it would be funny to write that because I just said this blog would not be about accounting and then I wrote about accounting but I realize its probably irritating so I’ll stop now and get on with the story.
Debit.
Ok that’s the last one seriously.
SO – I’m at work, sitting in my office, in the accounting zone when all of a sudden things start jumping around. I work on the 8th floor and sometimes when someone is walking quickly or when workmen are in, the floor shakes a bit. So at first I figured the floor was moving because of that. Then there was a definite lurch and I realized that perhaps there was something more serious going on if the entire building was moving. To clarify: My thought process was nowhere near as calm as it is written here. In reality I grabbed my desk with both hands, made a funny gurgling noise in my throat and thought ‘I can’t believe I am going to die whilst squinting at my laptop writing accounting advice!’ The moving and shaking went on for a few seconds, which sounds short but believe me, on the 8th floor of a 20 floor building, this is not short. This is a long time to contemplate the amount of concrete above you and the distance below you before you’re on solid ground …
When the shaking semi-stopped I got up from my desk and crept (literally, I was tiptoeing … I guess something in my subconscious thought this would stop the building from collapsing? I don’t really know.) to my door. I stuck my head out and asked, “What the f*#$ was that?” Colleagues all over the office were standing in their doorways looking stunned. Katie was in her doorway looking as terrified as I felt and was the first to answer my eloquently worded question … ‘I think that was an earthquake.’
I’ve never been in an earthquake before and I don’t think your first experience should be whilst sitting in a high rise. As I processed this information, Lynn one of our partners emerged from her office and reacted in a way I could only dream of ever being able to react. She calmly announced to us all ‘Well that was freaky! I think anyone who is feeling uncomfortable should evacuate down the stairwell. I am going to use this opportunity to get some lunch.’ How cool is she? I was almost crying with fear. Literally. I had the big lump in my throat and was holding on by a thread. The only thing that stopped me from crying was the fact that no one else was crying and I didn’t want to look like a loser. I can never be as cool in a crisis as Lynn. Fact.
So we all headed to the stairwell in an orderly fashion while Lynn calmly told us all about the construction laws in Canada that require buildings to be earthquake proof.
We made it out to the street in one piece. The streets were PACKED with people. Every office building in the city had evacuated and everyone was trying to figure out what was going on. Most office buildings promptly sent their employees home for the day.
We were waiting (hoping?) for some sort of similar instruction when we heard that standing in the street next to a high rise building is the worst thing to do after an earthquake. The best place to be is in the building under your desk. True story. I don’t believe it. How on earth can my desk protect me from tones on concrete and metal falling on top of me? My desk does not look sturdy enough for me to stand on and I’m quite sure I don’t weigh as much as 12 stories of a building (despite all the Canadian bacon I’ve consumed in the last 9 months) …
Either way we all headed back up to our desks where we sat feeling jittery for the rest of the afternoon. The earthquake was a 5.5 on the Richter scale and the epicenter was 50kms from Ottawa … madness. It was felt as far away as NYC!! People in Toronto also felt it. I know this because Mel called me from Toronto freaking out (cuteness!). In addition … I think this is cool … some people in our office were on a conference call with Toronto when the earthquake hit. The Ottawa folks said ‘Woah! Can you feel that?’ And the Toronto folks were all ‘Huh?’ Then a little while later the Toronto folks were like ‘What the eff??’ Classic. My first ever earthquake experience. It was not fun. It freaked me out. They should not have them anymore.
Oh and for those who are wondering what happened to Joep during all of this? He was winding down after networking at a golf tournament in Toronto at the time and noticed something moving but figured someone had dropped a fridge or something. These are his exact words. I am not lying. Earthquake versus fridge dropping. Hmmm.
He also won a fancy Callaway golf club at this tournament. It his is current most prized possession. I have fallen in ranking to #2 on Joep’s list of favourite things in the world. That Callaway better watch it …
So that was my excitement for the week! An earthquake. Sure beats a boring accounting story right?
Oh and finally – I called the mother ship later that day and asked if she had seen the news yet. She then listed off a complete summary of news in Australia this week (headlined with the Socceroos followed by Kevin 07’s fall from prime ministerial glory) … when I was able to interrupt I told her that there had been an earthquake in Ottawa. She went silent for a second before calmly asking me ‘Ah Genni, would you not think about coming home?’ Followed by ‘Between hurricanes and earthquakes and motorcycles I don’t know what we’re going to do with you!’ (**Remember to read all of this in an Irish accent**) awwww cuteness mother ship.
And finally finally – Re the precious metals? I think you should recognize it at fair value adjusted at each period end for the spot rate at that day. Why haven’t you stopped reading already? Seriously! This is boring stuff! Don’t judge me for writing it if you’re still reading it …