MODERN ACCOUNTANCY

Evening Post, Volume CVII, Issue 67, 22 March 1929, Page 6

MODERN ACCOUNTANCY

PROGRESS IN NEW ZEALAND

Tho important part tho Wollingtou Accountant Students' Society had played in the progress of modern accountancy in New Zealand was stressed by Mr. Ernest W. Hunt, president of the society, when speaking at the annual meeting last evening. "Prior to the inauguration of the society, accountancy in New Zealand had not made any very great progress", in fact, the entries for examinations of tho then examining body, tho Incorporated Institute of Accountants in New Zealand, wore very small, and the study of accountancy at that time was not very seriously considered," he said. "It is certainly a fact that the student movement, which started with the formation of the Wellington Society, has done very much to place accountancy on tho map. PROGRESS NOTED. "While bookkeeping, accounts, and auditing were in these early days to a very great extent undeveloped, tho trend of events over the past 25 years has progressed to an extraordinary extent. In 1903, when this society was formed, accountancy was at a low ebb, and modern methods were practically unknown. To-day, almost every commercial house of any importance pays the closest attention to its accounting records, and as a result, business is carrind out on modern and much more up-to-date lines. "I have said before that this society has had a decided effect upon the progress of modern accountancy iv this Dominion, and it is certainly duo to the interest developed as the result of tho advent of accountant student societies (hat so much interest is evinced in the study of this important subject affecting commercial practice. This progress has not only affected the younger members of the profession, but the trend has been for accountancy to develop upon modern lines, by the general interest as affecting both young and more experienced practitioners and students of accountancy. EFFICIENCY DEMANDED. "The modern trend in accountancy has been marked, iv almost every direction, until to-day the commcrci.-ii community demands high efficiency iv its accounting departments. Training must havo been thorough, and' in this matter tho society provides facilities for study aii'il learning which arc undoubtedly of very great value to nil those interested in commerce. It is undoubtedly tho tendency today to yeck the services of quaJi-' iicd men, and thin applies to J almost every tradu and profession, j Every business of any importance must engage the services of a competent accountant, and it is to their interest to see that qualified men. arc employed."