CONSTRUCTIVE ACCOUNTANCY
1 IN THE NEW ERA [ "If professional accountants are to t maintain their important ppsition in the . scheme of things they will have to » prove not only to business heads but : tc. the Government that their skill is > necessary and constructive and worth full value for the fees paid,” states an editorial article in “The New Zealand Accountants’ Journal.” “As a result of the war, and in some . degree due to our import control policy, manufacturing has made considerable [ progress in New Zealand and is likely to do so. Here is a wide field for the ■ experience and judgment of the accountant. particuarly as regards costing ' and budgetary control. In respect to ; these and other enterprises there will J always be room for the unbiased view k Oi the management’s report by a disinj tc rested qualified professional account- , ant. Bankers and investors will also want protection not only against pos- , sible misstatements of company promoters. but also against over-optimistic reports of a perfectly honest board of directors The main development of the profession will, however, be along the lines of what might be termed construc--1 tive accountancy. “Trade analysis not as it affects a ; single business but a group of allied undertakings will no doubt be a task ; for the accountant because an executive ’ may wish to compare his own results with those of others. Price control, too, may make it imperative for a group of manufacturers to present authoritative | figures and here again the services of 1 the accountant will be needed.”
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Bibliographic details
Nelson Evening Mail, Volume 76, 20 June 1941, Page 2
Word Count
256CONSTRUCTIVE ACCOUNTANCY Nelson Evening Mail, Volume 76, 20 June 1941, Page 2
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