business accounting, reading guide

<3f8|b I At' letier ov THE ARTHUR YOUNG ACCOUNTING COLLECnON Graduate School of Business Administration Library of the University of Cahfomia Los Angeles I [...]... for C P A examinations, which test the candidate's business power of hard, analytical thinking as well as his practical sense of business values Without a knowledge of accounting, the business man, when such a problem develops in his own business, can do nothing but blindly guess, or blindly trust the advice of some other person On the other hand, the business man who has worked through the volumes of... instructor can do in way this is done by means of the Reading Guide The must present the subject in and on a substantially uniform text itself spective, Guide can logical perscale The single out for special attention passages that offer to the student some special difficulty on first approach, and illimiinate them with paraphrase or comment 4 The Guide aids the reader to break up his task into divisions... acquired and the improved operation of his business, the study of accounting becomes interesting The and more firm the grasp of its principles, the more interesting and fascinating its study becomes The requisite for sustaining an interest in these volumes is to try to understand The Reading Guide, larger prepared in the light of extensive experience in teaching business men, is designed to help the reader... making use of such aid as this Guide affords, he should by all means come back and read the Gvide again In this swift review, if here and there a point is still hazy, let him turn back once more to the text and clinch the point Running over the Guide now and then will do much to keep the whole field of acafter one has counting procedure clear in recollection Reading Guide Volume I Theory of Accounts... to 138 regarding ways of This Reading Guide, moreover, briefly directing attention to outlining the high spots of all the volumes, will prove a useful supplement to the index, by enabling the reader to check his immeand the full diate recollections as to the importance range of points involved in a specific problem Knowledge of accountancy is virtually a necessity for any business man doing important... merely j^reliminary to the points of real importance, and which requires only a quick, general reading After a while he finds that the study pursued in this way involves more time and energy than he can justifiably take from his other duties, and he feels compelled, however regretfully, to drop it The Reading Guide, like the comments of a trained instructor, can help the reader to distribute his effort... need to imder- stand its financial statements His business may not be a manufacturing one and perhaps he can see little or no use in the study of cost accounting, yet the theory of the subject is applicable to every type of and excess profits taxes and other forms of making the application of this theory more and more necessary in every mercantile conbusiness, taxation are cern He may think the subject... understanding the principles on which annuity computaThere is hardly a business day in tions are based which he will not find use for a knowledge of accoimts Another fact comes more plainly to the front as business takes on increasing^ the intensity of pronamely: the value of the study of accountancy in developing mental power The close analysis of business situations and problems which it necessitates develops... busi- sound understandness man, ing of accounting principles and a wide acquaintance with the subject through systematic reading of the volumes of this set The business man has this advantage besides, over the lonely law student: that the circumstances of similarly, can acquire a his own business afford constant occasion to test his grasp of theory by applying of it to the changing facts life A good many... reading The assignments must be adjusted to the are widely various, and no less various is the actual convenience of the average reader It assum})tion, however, that close 17 is a fair and careful reading — READING GUIDE 18 of any volume of this series will occupy the man of average position, who has the average number of calls upon his time, from three to five months hardly less, at any rate, than thirteen . Rittenhouse and Harold Dudley Greeley I r:'>-'. Business Accounting READING GUIDE By ARTHUR H. ROSENKAMPFF, B.C.S. Professor of Accounting, New York University And GOULD L. HARRIS, M.A. Assistant Professor of Management, School. statements. His business may not be a manufacturing one and perhaps he can see little or no use in the study of cost accounting, yet the theory of the subject is applicable to every type of business, and. subject through systematic reading of the volumes of this set. The business man has this advantage besides, over the lonely law student: that the circumstances of his own business afford constant