Show accounting what ua Is in ordo that thai n i the 9 benu of a large way keep III to oa it lle of tits his business alases with its Val val itil inter ests 11 an anil be ble to puss oid lud judg ment on oil its brogi progress ess simple writes joseph pr h johnj D C S LL D in pw b el at must have filets and ill his JudI leAt be ot lit jault fault ss the facts t s for his use tire both fac n acu ecu rate and ad comprehensive it Is through ac counting records that such facts ara U gathered in them h he lifts has a cont contival ial ous record of the f facts acts concerning his bus business inels it if lie he lias has tills knowledge knowledg know led he be will know first of all whether hl business 7 hua tin nn ac counti system or only a set of beoh so it the book boob do not tell the status and progress of big business it they are mere routine records of business fransa transactions MOD there may be no proper accounting system at all 1111 books with figures in them do not produce accounting cyst systems any more than owning a banjo banau entitles aman to coll call himself a banjo player it if on an accounting system Is nt at all to a business man it ought to t be a chart and compass showing him the direction in which his organs tion to Is headed the accountant prepares financial fifi ancial statements lie he may consider the job well done when alen his bookstand books book sand and statements balance theeb the executive in charge however Is 13 con corned with the contents of tile the statements do the sales and profits of the current your year bear the lie proper return to the results of previous years wi was tho the increase or de decrease creasi e in profit commensurate with the clinge in cost ot of doing business was a decreased profil broat due to excessive losses or unproductive advertising or was it a result ot of concentration of sales effort efrost on less les profitable kljies of i goods these ao anil other problems will confront tb the e ex and he looks to tits ills statements statement both bath for tile the actual facts aa aft for or indications of the changes tha art desirable as well |