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August 1964

In Three Section!

B U L L E T I N

Tor the 3&nagementAcwuntant

Topical Indez to Volume XLV NAA Bulletin, Section 1 and Research Reports September, 1963—August, 1964

NATIONAL ASSOCIA' ON OF AvCOUNTANTS L i Y a m Accounting Ac c o u nt a n t as a Witn ess, T he. ROBERT W. CHERRY. Oc to be r 1963. Accountant's Bu si ness wi t h Bu sine ss La w, T he. CARL F. SCHILLING. S e p t e m b e r 1963. Accountants a n d Ec on om ists Mu st Jo i n For ce s. K. M. MAYER. Ap r i l 1964. Accounting — Utilitarian, Sym bol ic, Sele cti ve. A. DEAN WILLOCK. M a r c h 1964. Ac h ie v in g a Responsibility Basis for Management Performance E v a l - u a tion. W. JOSEPH BLOOD. S e p t e m b e r 1963. Dy n a mi c s of M a n a g e m e n t Accounting, T he. DUDLEY E. BROWNE. S e p t e m b e r 1963. Formulating the Principles. TED M. RABUN. J u n e 1964. Ma n a g e ri a l Aspe ct s of the Accountant's Jo b . BERNARD H. SEMLER. J u l y 1964. Responsibility Ac co u n ti ng a n d the Contribution Ap p r o a c h . WILLIAM L. . D e c e m b e r 1963. Toward a Theory of Responsibility Accounting Systems. M. J. GORDON. D e c e m b e r 1963. Accounting Systems (See Systems and Procedures)

Accounts Receivable Le v e li n g Ca sh F l o w th r ou g h a Me ch a ni ze d Re ce iv a b le S y st e m . W m - LIAM A. DONOHUE a n d ERWIN KAUFMAN. S e p t e m b e r 1963. One -Write S y st e m for O r d e r Entry /Invoicing a n d I n v e n t o r y Control, A. B. J. Rogers. J u l y 1964.

Airplane Construction & Transportation Importance of the Distinction between Fixed and Variable Costs, The. RICHARD F. PEIRCE. Ma y 1964. Role of the C o m p u t e r in Ai rl in e Accounting. DONALD W. THOMSON. F e b r u a r y 1964. Assets —Fixed (See also Depreciation, Depletion and Amortization and Return on Investment) Administering a T est E q u i p m e n t Pool. J. J. FINERTY. J a n u a r y 1964. Capital Budgeting for Improved Profits. WENDELL M. CHILDS. . Ca pi ta l Bu d ge t in g of Oil Pipe lin es. WILLIAM E. SWYERS. Ma y 1964. Ex e cu t io n of the Nonfinancial Lea se —An Ac co u n ti ng Transaction? T he. GERALD ALVIN. N o v e m b e r 1963.

Auditing (See also Internal Auditing) Alloc a tion of S h a r e d In su r a n c e Costs. SAM E. COLVARD. Au g u st 1964. Coordinating Internal and External Auditing. JAMES F. HUGHES. Oct o- b e r 1963 (L e t t e r of c o m m e n t DUGAN )

Balance Sheets (See Financial Statements)

Break -Even Points Pl a nn i ng , Feedback —and Control. ROBERT J. DONACHIE. Ma r c h 1964 (L e t t e r of c o m m e n t WADDEN Au g u st 1964). 3 Budgets Bu d ge t s Sh o u l d be Pe o p l e Or ie nt ed . RAY M. POWELL a nd JOHN A. MACLEOD. S e p t e m b e r 1963 (Letter of comment CROWN J a n u a r y 1964). Capital Budgeting for Improved Profits. WENDELL M. CHILDS. 1V.Iay 1964. Ca pi ta l Bu d ge t in g of Oil Pip el ine s. WILLIAM E. SWYERS. M a y 1964. Importance of the Distinction Between Fixed and Variable Cysts, The. RICHARD F. PEIRCE. Ma y 1964. — Matrix Ex t r a ct i o n Cost Con tr ol Ap p r o a c h . PAUL 1'. SMITH. Oc to be r 1963. Pl a n ni n g , Feedback —and Cont rol. ROBERT J. DONACHIE. M a r c h 1964 (Letter of comment WADDEN Au g u st 1964). Se t ti n g Up a Fl e x ib l e Bu d ge t. A. E. WEROLIN. J a n u a r y 1964. Short and Long -Term Forward Planning Based on Contribution Mar- gin. JOHN B. BACHOFER. Ma r c h 1964. T oo S m a l l to Bu d ge t . JAY H. GORDON. Ap r i l 1964. Variation Analysis — Control at Work. JOHN B. BACHOFER. August 1964.

Cash Flow Fin a n ci a l Statement —How Relia ble? ANDREW BARR. S e p t e m b e r 1963. Fundamentals of S h o r t a n d Long -T erm Ca sh Forecasting. WILLIAM H. LUNDQUIST. Ap r i l 1964. Le ve l in g Ca sh F l o w T h r o u g h a Me c ha n iz e d Re ce iv a b le S y st e m . WILLIAM A. DONOHUE a n d ERWIN KAUFMAN. S e p t e m b e r 1963. W h e n P l a n n i n g Co nt r a c t Production, Ad d the Fi na nc ia l Di m en sio n . OSCAR T. ODEGAARD. J u n e 1964.

Chemicals Capital Budgeting for Improved Profits. WENDELL M. CHILDS. May 1964.

Cork Gu i d e to Qu a n t it y Pu r c h a si n g Decisions, A. THEODORE G. WEEKS. S e p t e m b e r 1963.

Cost Accounting (See also Training of Industrial Accountants) Bu t the Old P r o b l e m s Re m a i n . MARION A. SIMPSEN. F e b r u a r y 1964. Co m pu t er s, Controllers a n d Competence. ARTHUR L. MALCARNEY. Ma r c h 1964. Co nt i nu in g Ch a ll e ng e to the M a n a g e m e n t Accountant, T he. CLARENCE L. DUNN. M a r c h 1964. It Is a C o m p a n y . HARRY D. KERRIGAN. S e p t e m b e r 1963. M a n a g e m e n t Ac co u nt in g in the Ag e of Sy st em s. JOHN A. BECXETT. Ap r i l 1964.

Cost Control and Reduction Au d i t of a Governmental Cost Re du ct io n P r o g r a m . DANIEL BORTH. Au g u st 1964. Con tr ol of Maintenance Cost. Re se a rc h Re p o r t No. 41. M a y 1, 1964. Con tr ol Re p o r t P a c k a g e for a n Oil Pr o d u c i n g C o m p a n y . JOHN V. LAFFERTY. N o v e m b e r 1963. 4 NAA BULLETIN M a n a g e m e n t C o s t C o n t r o l S y s t e m f o r I n d u s t r y , A. J. H. CARTER, JR. J a n u a r y 1964. MECCA— Matrix E x t r a c t i o n C o s t C o n t r o l A p p r o a c h . PAUL T. SMITH, O c t o b e r 1963. N e w L o o k a t M o n t h l y Comparisons, A — A C a s e S t u d y . EDWIN M. KANIA. J a n u a r y 1964. Operational C o n t r o l o f T o t a l E f f o r t . WILLIAM C. RAMSGARD. J u l y 1964. P r o g r a m C o s t C o n t r o l S y s t e m s . JOHN F. M cN E I L. J a n u a r y 1964.

Cost - Volume- Profit Relationship (See Break -Even Points and Budgets)

Credit C o m p u t e r A c c o u n t i n g R e p o r t s i n a L a r g e C r e d i t U n i o n . PATRICK N. BRAUNAGEL. M a y 1964. E x p e d i t i n g C r e d i t a n d Collections by C o m p u t e r Processing. LLOYD F. BIELENBERG a n d A. T. O'ROURKE. M a y 1964. Profitability A p p r o a c h t o C r e d i t Policy, T h e . WILLIAM E. ARNSTEIN. O c t o b e r 1963 (Letters of comment FROMMER , MILLER M a r c h 1964).

Data Processing Equipment A u t o m a t i o n a n d t h e F u t u r e of Accounting. ARTHUR E. CARLSON. A u g u s t 1964. Communicating w i t h Programmers. G. E. LOUVAU. A p r i l 1964. Computer —A B u s i n e s s Intelligence U n i t , T h e . JOHN M. COX. O c t o b e r 1963. C o m p u t e r A c c o u n t i n g R e p o r t s i n a L a r g e C r e d i t U n i o n . PATRICK N. BRAUNAGEL. M a y 1964. C o m p u t e r C o n t r o l l e d o r C o n t r o l l e d C o m p u t e r ? ROBERT F. VAN LOON. M a y 1964. C o m p u t e r , Controllers a n d Competence. ART HU R L. MALCARNEY. M a r c h 1964. Computers —Some Legal A s p e c t s . WILLIAM H. KEOUGH. F e b r u a r y 1964. C o n t r o l s i n E l e c t r o n i c D a t a Processing. BERNARD W. ZIESSOW. J a n u a r y 1964 (Letter of comment J. M. BELLINGHAUSEN M a y 1964). Electronic Data Processing —A 10-Year Perspective. H. WARREN WHITE. A p r i l 1964. E l e c t r o n i c D a t a P r o c e s s i n g a s I t A f f e c t s t h e Accountant. JOHN E. JOHNSON. D e c e m b e r 1963. E x p e d i t i n g C r e d i t a n d Collections b y C o m p u t e r Processing. LLOYD F. BIELENBERG a n d A. T. O'ROURKE. M a y 1964. L e v e l i n g C a s h F l o w T h r o u g h a M e c h a n i z e d R e c e i v a b l e S y s t e m . WILLIAM A. DONOHUE a n d ERWIN KAUFMAN. S e p t e m b e r 1963. M a c h i n e A c c o u n t i n g f o r a S m a l l Manufacturer —A C a p s u l e C a s e . ROLAND REED. O c t o b e r 1963. P a y r o l l P r o b l e m s S o l v e d T h r o u g h U s e of EDP. JOHN L. KELLY. J u n e 1964. Perspective o n A c c o u n t i n g M a c h i n e s a n d P e o p l e . RANSOM H. GUR- GANUS. O c t o b e r 1963. R o l e of t h e C o m p u t e r i n A i r l i n e Accounting, T h e . DONALD W. THOM- SON. F e b r u a r y 1964. AUGUST 1964 5 S t a n d a r d Cost S y st e m Up -Da ted by the Co m p u t e r , A. HOMER E. STONE. Ma r c h 1964. Usi ng the Co m p u t e r . G. CURTIS CARNAHAN. Au g u st 1964. Delivery Expenses (See Distribution) Department Stores Inventory- Taking in a D e p a r t m e n t St or e. DONALD K. MEADOWS. J u l y 1964. Depreciation, Depletion and Amortization (See also Assets — Fixed) Accounting for Depreciation and Repair Costs. GEORGE L. BATIISTA and GERALD L. CROWNINGSHIELD. D e c e m b e r 1963. Composite- Depreciation Pr o c e du r e , A. KENNETH R. YORK. J u n e 1964. Depreciation a n d Replacement— Changes a n d Pr ospe ct s. MAURICE E. PELOUBET. D e c e m b e r 1963. Depreciation and the New Guidelines. FRANCIS P. HERMANS. D e c e m b e r 1963. N e w Developments on Depreciation Guidelines. PAUL V. HARRIS. J u n e 1964. Development Expense (See Research and Development Costs) Direct Costing Absorption, Direct or Re l e v a n t Costing. MICHAEL SHEGDA a n d HYMAN WEINBERG. Au g u st 1964. Dir ect S t a n d a r d Costing —Case of the "X" W i r e a n d Ca b le C o m p a n y , T h e. WILMER WRIGHT. N o v e m b e r 1963. F o u n d r y Costing Utilizing Direct Costs. RICHARD H. S @UIER. F e b r u a r y 1964 (L e t t e r of c o m m e n t NEWCOMER Au g u st 1964). Gi v e Consideration to Dir ect Costing for E x t e r n a l Re p or t in g . JOHN R. E. PARKER. Oc to be r 1963. Helping Management Choose Between Direct and Absorption Costing. J. H. SCHLOSSER, JR. N o v e m b e r 1963 (L e t t e r s of c o m m e n t CREECH 1964, REININGA Ap ri l 1964). Importance of the Distinction Between Fixed and Variable Costs, The. RICHARD F. PEIRCE. M a y 1964. S h o r t a n d Long -T erm F o r w a r d P l a n n i n g Ba se d on Contribution Ma rg in . JOHN B. BACHOFER. Ma r c h 1964. Distribution (See also Sales Analysis and Control) Need for Distribution Cost Accounting. ALAN J. HORTON. Ap ri l 1964. One -Write S y st e m for O r d e r Entry /Invoicing a n d I n v e n t o r y Cont rol, A. B. J. ROGERS. J u l y 1964. Economics Accountants a n d Ec on om ists Mu st Jo in Forc es. K. M. MAYER. Ap r i l 1964. Electrical Manufacturing Development a n d Po te n ti a l s of a F o r m u l a Est i m a t i n g Capability. KEITH E. MARVIN. Oc to be r 1963. Ex p e d it i n g Cr e di t a n d Collections by C o m p u t e r Processing. LLOYD F. BIELENBERC a n d A. T. O'ROURKE. Ma y 1964. 6 NAA BUI.LETIN H o w W e Ap p r a i se New - Product Pro po sa l s. JACK L. FORRESTER. N o v e m b e r 1963. Management Cost Co nt ro l S y s t e m for Industry, A. J. H. CARTER, JR. J a n u a r y 1964. Va l u e Engineering —A N e w Opportunity in De fe n se Contracting. RAYMOND B. . Ap r i l 1964. Electronic Data Processing (See Data Processing Equipment) Estimating (See also Budgets and Forecasting) Development a n d Po te nt ia ls of a F o r m u l a Est im a ti n g Capability. KEITH E. MARvIN. Oc to be r 1963. Financial Control Fundamentals of S h o r t a n d Long -T erm Ca sh Forecasting. WILLIAM H. LUNDQUIST. Ap r i l 1964. T esti ng Fi n a n c ia l Objectives. DONALD E. CHAPMAN. Oc t ob e r 1963. Financial Statements (See also Reports) Are There Two Kinds of Stock Dividends? DEAN S. EITEMAN. Oc to be r 1963 (Letter of comment BERGHIAN Ap r i l 1964). Ba l a n c e Sheet —An E q u a l P a r t n e r , T h e. DANIEL L. McDONALD. F e b - r u a r y 1964. Ba l a n c e S h e e t a n d I n c o m e Statement — Analytically Coordinate, T h e. STEPHEN A. ZEFF. F e b r u a r y 1964. Ca v e a t E m p t o r T a bu la s. GEORGE J. STAUBUs. F e b r u a r y 1964. Ex e c u t i o n of the Nonfinancial Lea se —An Ac c ou n ti n g Transaction? T h e. GERALD ALvIN. N o v e m b e r 1963. Financial Statements —How Reliable? ANDREW BARR. . Fi n a n c ia l S t a t e m e n t s of th e Gr a i n a n d F l o u r Me r c h a n t s. H. DWIGHT GEIGER. J u n e 1964. G i v e Consideration to Di re ct Cost ing for E x t e r n a l Re po r ti ng . JOHN R. E. PARKER. Oc t ob e r 1963. Use of I n d e x N u m b e r s for Ap p r a i si n g M a n a g e m e n t Performance. JOEL ZELNICK. S e p t e m b e r 1963. Fixed Assets (See Assets— Fixed) Food Fi n a nc i a l S t a t e m e n t s of th e Gr a i n a n d F l o u r Me r c h a n t s. H. DWIGHT GEIGER. J u n e 1964. Forecasting (See also Budgets) Fundamentals of S h o r t a n d Long -T erm Ca sh Forecasting. WILLIAM H. LUNDQUIST. Ap ri l 1964. Foundries Foundry Costing Utilizing Direct Costs. RICHARD H. S@UIER. F e b r u a r y 1964 (Letter of comment NEWCOMER Au g u st 1964). Steel Foundry Costing a n d th e Re si du a l Me t a l Cost Co nc ep t. ROBERT E. SUTHERLAND. M a y 1964. Glass Usin g th e C o m p u t e r . G. CURTIS CARNAHAN. Au g u st 1964. AUGUST 1964 7 Government Contracts Co n t ra c t Termination — Accounting Po i n t of Vie w, T he. WILLIAM J. RILEY. J a n u a r y 1964 (L e t t e r of c o m m e n t NESBITT M a y 1964). Keeping Competitive in Pricing Defense Contracts. CHARLE:; L. PETERS. Ap r i l 1964 (L e t t e r of c o m m e n t FRENCH J u l y 1964). Va l u e Engineering —A N e w Opportunity in De fe nse Contracting. RAYMOND B. JORDAN. Ap ri l 1964. W h e n P l a n n i n g Co nt ra ct Production, Ad d the Fin a n ci a l Di me nsio n. OSCAR T. ODEGAARD. J u n e 1964. Government Units Au d i t of a Governmental Cost Red u c ti on P r o g r a m . DANIEL BORTH. Au g u st 1964. Graphs (See Statistical and Mathematical Methods) Insurance Risk Management and the Accountant. CLARENCE J. NELSON. . Insurance Companies Alloca tion of S h a r e d In su r a n c e Costs. SAM E. COLVARD. Au g u st 1964. Integrated Data Processing (See Data Processing Equipment and Systems and Procedures) Internal Auditing (See also Auditing) Operational Au d i ti n g in Pra cti ce. JAMES R. EVANS. J u n e 1964. Internal Control In t e r n a l Co nt ro l for the Rea lly S m a l l C o m p a n y . ALAN E. LARGIN. M a r c h 1964. Interunit Accounting Alloc a tion of S h a r e d In su r a n c e Costs. SAM E. COLVARD. Au g u st 1964. Centralized Procedure to Control Sales- and - Service Branches. HAROLD F. WILLIS. F e b r u a r y 1964 (L e t t e r of c o m m e n t BEYER J u n e 196 4). Responsibility Ac co u nt in g a n d the Contribution Ap p r o a c h . WILLIAM L. FERRARA. D e c e m b e r 1963. Inventories Costs for I n v e n t o r y Co nt ro l a n d Pr o d u ct i o n P l a n n i n ; . MICHAEL SHEGDA a n d HYMAN WEINBERG. J u l y 1964. Ec on om ic O r d e r Quantity— European Pra cti ce. ANTON M. GROOT a n d ANTON M. GROOT, JR. M a y 1964. H o w W e Con tr ol Slow- Moving a n d Obsole te In v e n to r y . GERARD J. DOPLER. N o v e m b e r 1963 (L e t t e r of c o m m e n t MARTZ March 196 4). Inventory- Taking in a D e p a r t m e n t St or e. DONALD K. MEADOWS. J u l y 1964. One -Write S y st e m for O r d e r Entry /Invoicing a n d I n v e n t o r y Cont rol, A. B. J. ROGERS. J u l y 1964. Re d u ci n g I n v e n t o r y I n v e st m e n t in a Mu lt i pl a n t C o m p a n y . EDWARD T. BREARTON a n d CASS O. LANDON. N o v e m b e r 1963. Reducing Months of Inventory on H a n d in a S m a l l C o m p a n y . ROBERT E. NEWBERG. N o v e m b e r 1963. T e c hn i qu e s in I n v e n t o r y Management. Re se a r ch R e p o r t No. 40. F e b - r u a r y 1, 1964. 8 NAA BULLETIN Iron and Steel H o w W e Con tr ol Slow- Moving a n d Obsole te In v e n to r y . GERARD J. DOPLER. N o v e m b e r 1963 (L e t t e r of comment MARTZ ). Maintaining the Adequacy and Accuracy of Standard Costs. PERCY C. CARTER. March 1964 (L e t t e r s of comment SLAGER , KRUSE J u n e 1964, NORWOOD Au g u st 1964). St ee l F o u n d r y Costing a n d the Residu a l Me ta l Cost Conc ept. ROBERT E. SUTHERLAND. Ma y 1964. Job Evaluation Achieving a Responsibility Basis for Management Performance Evalu- ation. W. JOSEPH BLOOD. S e p t e m b e r 1963. Con tr ol of Maintenance Cost. Re se a r c h Re p o r t No. 41. Ma y 1, 1964. Machine Tools Re du ci ng Inventory Investment in a Mu lt i pl a n t Co m p a n y . EDWARD T. BREARTON a n d CASS O. LANDON. N o v e m b e r 1963. Machinery Manufacturing Centralized Procedure to Control Sales- and - Service Branches. HAROLD F. WILLIS. F e b r u a r y 1964 (L e t t e r of c o m m e n t BEYER J u n e 1964). Controller's Participation in Planning and Control, A. ALLAN C. CRANE. J u l y 1964. One -Write S y st e m for O r d e r Entry /Invoicing a n d I n v e n t o r y Control, A. B. J. ROGERS. J u l y 1964. Maintenance (See Repairs and Maintenance) Management Ac hi ev in g a Responsibility Ba sis for Management Performance Eval- u a tion. W. JOSEPH BLOOD. S e p t e m b e r 1963. Co nt in u i ng Ch a ll e ng e to the Management Accountant, T he. CLARENCE L. DUNN. M a r c h 1964. M a n a g e m e n t Ac co u nt in g in the Ag e of Sy st em s. JOHN A. BECKETT. Ap r i l 1964. M a n a g e m e n t Sci en ce a n d Accounting. JOSEPH A. MAURiELLO. J a n u a r y 1964. Ma n a g e ri a l Asp ec ts of the Accountant's Jo b. BERNARD H. SEMLER. J u l y 1964. Qu a l ify ing for the M a n a g e m e n t T e a m . JOHN J. DOUGLAS. S e p t e m b e r 1963 (L e t t e r of c o m m e n t HOFFRAUER J a n u a r y 1964). W h a t th e I n v e s t m e n t Cr ed it M e a n s to the M a n a g e m e n t Accountant. PORTER W. HENDERSON a n d HORACE R. BROCK. D e c e m b e r 1963. Manuals W r i t e to b e Rea d. JARED ELLIOT. J a n u a r y 1964. Mergers and Acquisitions Fi na nc ia l Statements —How Relia ble? ANDREW BARR. S e p t e m b e r 1963. Metal Works Re du ci ng Mo n t h s of Inventory on Hand in a S m a l l Co m p a n y . ROBERT E. NEWBERG. N o v e m b e r 1963. Non-Ferrous Metals N e w Lo ok at Mo n t h l y Comparisons —A Ca se St u d y, A. EDWIN M. KANiA. J a n u a r y 1964. AUGUST 1964 Oil C a p i t a l B u d g e t i n g of Oil P i p e l i n e s . WILLIAM E. SWYERs. M a y 1964. C o n t r o l R e p o r t P a c k a g e f o r a n Oil P r o d u c i n g C o m p a n y . JOHN V. LAFFERTY. N o v e m b e r 1963. Operations Research (See Statistical and Mathematical Methods) Parts R e d u c i n g M o n t h s of I n v e n t o r y o n H a n d i n a S m a l l C o m p a n y . ROBERT E. NEWBERG. N o v e m b e r 1963. Payroll Accounting P a y r o l l P r o b l e m s S o l v e d T h r o u g h U s e of EDP. JOHN L. KELLY. J u n e 1964. Personnel B u d g e t s S h o u l d B e People- Oriented. RAY M. POWELL a n d JOHN A. MACLEOD. S e p t e m b e r 1963 (Letter of comment CROWN J a n u a r y 1964). Pharmaceuticals D o You Need to Review Your Internal R e p o r t s ? ROBERT A. JAMEYSON. A p r i l 1964 (Letter of comment EGAN J u l y 1964). L e v e l i n g C a s h F l o w T h r o u g h a M e c h a n i z e d R e c e i v a b l e S y s t e m . WILLIAM A. DONOHUE a n d ERWIN KAUFMAN. S e p t e m b e r 1963. Pricing Keeping Competitive in Pricing Defense Contracts. CHARLES L. PETERS. A p r i l 1964 (Letter of comment FRENCH J u l y 1964). Product Cost and Appraisal Accountant's Contribution t o V a l u e Engineering, T h e . JOHN W. KEN- NING J u l y 1964. E v a l u a t i n g V a l u e A n a l y s i s . Tommy P. HALL a n d LEON H. ROBERTSON. F e b r u a r y 1964. How We Appraise New - Product Proposals. JAcx L. FORRESTER. Novem- b e r 1963. S e q u e n t i a l P r o f i t Measurement = O p t i m u m P r o f i t . WILLIAM LANGEN- BERG. J u n e 1964. V a l u e Engineering —A N e w Opportunity i n D e f e n s e Contracting. RAYMOND B. JORDAN. A p r i l 1964. Production Control (See Production Planning and Control) Production Measurement M a n a g e m e n t C o s t C o n t r o l S y s t e m f o r I n d u s t r y , A. J. H. CARTER, JR. J a n u a r y 1964. Production Planning and Control M a k i n g t h e P r o p e r Make -or -Buy D e c i s i o n . EDWIN F. WARD. J a n u a r y 1964. P r o g r a m C o s t C o n t r o l S y s t e m s . JOHN F. M cN E I L. J a n u a r y 1964. R e d u c i n g I n v e n t o r y I n v e s t m e n t i n a M u l t i p l a n t C o m p a n y . EDWARD T. BREARTON a n d CASS O. LANDON. N o v e m b e r 1963. Simulation— Management's Laboratory. WALTER KENNON. A p r i l 1964. U s e of PERT i n S y s t e m s D e s i g n . DONALD G. PERRY. A u g u s t 1964. 10 NAA BULLETIN Professions M a n a g e m e n t R e p o r t i n g f o r t h e Professional S e r v i c e Organization. JOHN B. FARRELL. J a n u a r y 1964. Profits (See also Break -Even Points, Budgets, Product Cost and Appraisal and Return on Investment) Controller's Participation in Planning and Control, A. ALLAN C. CRANE. J u l y 1964. P l a n n i n g Feedback —and C o n t r o l . ROBERT J. DONACHIE. M a r c h 1964 (L e t t e r of c o m m e n t WADDEN A u g u s t 1964). Profitability A p p r o a c h t o C r e d i t Polic y, T h e . WILLIAM E. ARNSTEIN. O c t o b e r 1963 (L e t te rs of c o m m e n t FRoMMER January 1964, MILLER M a r c h 1964). S e q u e n t i a l P r o f i t Measurement O p t i m u m P r o f i t . WILLIAM LANGEN- BERG. J u n e 1964. S h o r t a n d L o n g - T e r m F o r w a r d P l a n n i n g B a s e d o n Contribution M a r g i n . JOHN B. BACHOFER. M a r c h 1964. V a l u e s of P r o f i t P l a n n i n g . PETER A. NOLL a n d EDWARD A. RADETSKY. F e b r u a r y 1964. W h e n P l a n n i n g C o n t r a c t Production, A d d t h e F i n a n c i a l D i m e n s i o n . OSCAR T. ODEGAARD. J u n e 1964. Purchasing C o s t s f o r I n v e n t o r y C o n t r o l a n d P r o d u c t i o n P l a n n i n g . MICHAEL SHEGDA a n d HYMAN WEINBERG. J u l y 1964. E c o n o m i c O r d e r Quantity— European P r a c t i c e . ANTON M. GROOT a n d ANTON M. GROOT, JR. M a y 1964. G u i d e t o Q u a n t i t y P u r c h a s i n g D e c i s i o n s , A. THEODORE G. WEEKS. S e p t e m b e r 1963. M a k i n g t h e P r o p e r M a k e - o r - B u y D e c i s i o n . EDWIN F. WARD. J a n u a r y 1964. P r e p a i d P u r c h a s i n g of Single- Shipment O r d e r s . WILLIAM F. STARN. A p r i l 1964 (L e t t e r s of c o m m e n t NEFF J u l y 1964, NORTON A u g u s t 1964). T e c h n i q u e s i n I n v e n t o r y Management. R e s e a r c h R e p o r t N o . 40. F e b - r u a r y 1, 1964. Radio and Television Administering a T e s t E q u i p m e n t Pool. J. J. FINERTY. J a n u a r y 1964. Composite- Depreciation P r o c e d u r e , A. KENNETH R. YORK. J u n e 1964. MECCA— Matrix E x t r a c t i o n C o s t C o n t r o l A p p r o a c h . PAUL T. SMITH. O c t o b e r 1963. P r o g r a m C o s t C o n t r o l S y s t e m s . JOHN F. MCNEIL. J a n u a r y 1964. S t a n d a r d C o s t S y s t e m U p - D a t e d b y t h e C o m p u t e r , A. HOMER E. STONE. M a r c h 1964. Ratios and Charts (See Statistical and Mathematical Methods)

Repairs and Maintenance A c c o u n t i n g f o r Depreciation a n d R e p a i r C o s t s . GEORGE L. BATTISTA a n d GERALD R. CROWNINGSHIELD. D e c e m b e r 1963. C o n t r o l of Maintenance C o s t . R e s e a r c h R e p o r t N o . 41. M a y 1, 1964. AUGUST 1964 11 Reports (See also Financial Statements) Br a i n P o w e r P l u s Communications. DONALD E. LuHRSEN. F e b r u a r y 1964. Communicating wi t h Programmers. G. E. LOUVAU. Ap r i l 1964. Con tr ol Re p o r t Pa c k a g e for a n Oil Pr o d u c i n g Co m p a n y . JOHN V. LAFFERTY. N o v e m b e r 1963. Do You Need to Review Your Internal Reports? ROBERT A. JAMEYSON. Ap r i l 1964 (L e t t e r of c o m m e n t EGAN J u l y 1964). M a n a g e m e n t Re p o rt i n g for the Professional Se r vi c e Organization. JOHN B. FARRELL. J a n u a r y 1964. N e w Look a t M o n t h l y Comparisons —A Ca se St u d y, A. EDWIN M. KANIA. J a n u a r y 1964. Operational Control of Total Effort. WILLIAM C. RAMSCARD. J u l y 1964. Seven Deadly Sins in Communications, The. J. P. WARREN. March 1964. S h o r t a n d Long -T erm F o r w a r d P l a n n i n g Ba sed on Contribution Ma rg in . JOHN B. BACHOFER. M a r c h 1964. S h o r t e n i n g the Dist a nce B e t w e e n Book a n d T a x a b l e In co me . HAROLD Q. LANCENDERFER. F e b r u a r y 1964. W h o Sh o u l d Con tr ol Information — Managers or Specialists? PAUL R. CONE. J u l y 1964.

Research and Development Costs Administering a T est E q u i p m e n t Pool. J. J. FINERTY. J a n u a r y 1964. Desig ning a S y st e m for Con tr ol of Re se a rc h Cost. ROBERT F. HAR- BRECHT. J u n e 1964, H o w W e Ap p r a i se New - Product Prop osa ls. JACK L. FORRESTER. No - v e m b e r 1963.

Return on Investment Capital Budgeting for Improved Profits. WENDELL M. CHILDS. May 1964. Gu i d e to Qu a n ti t y Pu r c h a si n g Decisions, A. THEODORE G. WEEKS. S e p t e m b e r 1963. H o w W e Ap p r a i se New - Product Pro po sa l s. JACK L. FORRESTER. N o - v e m b e r 1963. Some Notes on Investment Evaluation. STANLEY B. HENRICI. September 1963.

Small Business I n t e r n a l Con tr ol for the Rea lly S m a l l C o m p a n y . ALAN E. LARCIN. M a r c h 1964. Reducing Months of Inventory on H a n d in a S m a l l Co m p a n y . ROBERT E. NEWBERG. N o v e m b e r 1963. R e n d e r i n g Ai d to Sm a l l Bu siness. DOUGLAS F. HYDE. F e b r u a r y 1964.

Standard Costs Maintaining the Adequacy and Ac cu r a c y of Standard Costs. PEF:cY C. CARTER. March 1964 (L e t t e r s of c o m m e n t SLACER June 1964, KRUSE J u n e 1964, NORWOOD Au g u st 1964). Standard Cost System Up -Dated by the Computer, A. HOMER E. STONE. M a r c h 1964. Variation Analysis — Control at Work. JOHN B. BACHOFER. August 1964. 12 NAA BULLETIN Statistical and Mathematical Methods Development a nd Po te n ti a l s of a F o r m u l a Est im a ti n g Capability. KEITH E. MARVIN. Oc to be r 1963. M a n a g e m e n t Sci en ce a n d Accounting. JOSEPH A. MAURIELLO. J a n u a r y 1964. Simulation— Management's Laboratory. WALTER KENNON. Ap r i l 1964. T e c hn i qu e s in I n v e n t o r y Management. Re se a rc h R e p o r t No. 40. F e b - r u a r y 1, 1964. Use of I n d e x N u m b e r s for Ap p r a isi n g M a n a g e m e n t Performance. JOEL ZELNICK. S e p t e m b e r 1963. Use of Statistical Me t h o d s by Accountants. THOMAS E. STEIMER. M a y 1964. Systems and Procedures (See also Manuals and Work Simplification) Ele ct ron ic Da ta Processing —A 10 -Year Perspective. H. WARREN WHITE. Ap r i l 1964. Operational Control Of Total Effort. WILLIAM C. RAMSGARD. J u l y 1964. "Playscript" . . . A N e w Tool Accountants Need. ROBERT L. SHULTIS. Au g u st 1964. Toward a Theory of Responsibility Accounting Systems. M. J. GORDON, D e c e m b e r 1963. Tabulating Machines (See Data Processing Equipment) Taxes Depreciation and the New Guidelines. FRANCIS P. HERMANS. . Depreciation a n d Replacement— Changes a n d Pr ospe ct s. MAURICE E. PELOUBET. D e c e m b e r 1963. S h o r t e n i n g th e Dista n ce B e t w e e n Book a n d T a x a b l e In co me . HAROLD Q. LANGENDERFER. F e b r u a r y 1964. T a x Allocation —An Ex t e nsi o n of the Depreciation Con cep t. MORTON D. PROUTY, JR. J u n e 1964. W h a t the I n v e s t m e n t Cr ed it Me a n s to the M a n a g e m e n t Accountant. PORTER W. HENDERSON a n d HORACE R. BROCK. D e c e m b e r 1963.

Training of Industrial Accountants Ac c ou n ti n g Edu ca ti on Ca lls for G r a d u a t e St u dy . L o u t s H. JORDAN. Oc to be r 1963 (Letter of comment FESS M a r c h 1964). Does Yo u r T r a i n in g P r o g r a m S t a n d Up? F. S. KELLY. Ap r i l 1964. Fi n a n c ia l M a n a g e m e n t Preparation for the Accountant. WILLIS J. DOMBROVSKE. J u l y 1964. Yo u n g Accountant —To M a n a g e m e n t T h i n k i n g Soo ne r, T he. PHILIP L. BLUMENTHAL, JR. S e p t e m b e r 1963. Waste and Spoilage Ste el F o u n d r y Costing a nd the Residu a l Met a l Cost Conc ept. ROBERT E. SUTHERLAND. Ma y 1964. Wire and Cable Direct Standard Costing —The Case o f t h e "X" Wire and Ca b le C o m - pa n y, WILMER WRIGHT. N o v e m b e r 1963. Wood Products M a c h i n e Ac co u nt in g for a Sm a l l Manufacturer —A Ca psu l e Ca se. ROLAND REED. Oct ob er 1963. AUGUST 1964 13 Cellars to the Editor Commenting on Articles Published Prior to September 1963*

September 1963 That Common Sense Role. J. L. HIGH (on DUNN, ). Separating Maintenance Planning. W. T. GILMORE, JR. (on HANSON, April 1963). Accounting Curricula —Out of Balance? THOMAS C. MCCABE (on CRVM, December 1963) . Still Needed —Shop Floor Knowledge. L . M . BREWER (on JORDAN, ). Does the Reader Expect Tax Allocation? JOSEPH F. SCHAEFER (on FREMGEN, April 1963) . Fences and the Investment Credit. THOMAS J. LETT (on BAKER, April 1963). Lease Capitalization for Adequate Disclosure. JAMES M. FREMGEN (on ZISES, ) . Tax Allocation— Required by the Matching Concept. JOHN VECC:FII (on FREMGEN, April 1963) . Investments: Eq u i ta b l e T r e a t m e n t . GERALD WENTWORTH (on YOUNG, March 1963). Investments: Difference in Time and Size. CARL L. MOORE (on 'YOUNG, March 1963). Risks and Chances. HAROLD E. GEYER (on BROWNE, M a y 1963). December 1963 Conversion Income Concept— Advantageous? JOHN H. MCMICHAEL (on JAMES, ) . Nothing New. JOHN F. KASPER (on GEIGER, July 1963) . More on Investment Credit. ROBERT H. DODGE (on BAKER, April 1963) . January 1964 Knowledge of Operations. FRANCIS J. MEJSTRICK (on RICKEY, July 1963) . The Accountant —An Individual. GROVER L. PORTER (on CIKATZ, July 1963). February 1964 Scrap —A Conversion Cost. W. W. WIGGERS (on JAMES, July 1963). Conversion Costs and the Dairy Industry. JACK J. COOPER (on JAMES, July 1963). Skills and Policies. O. R. HARDISON (on M c N U L T Y , ) . May 1964 Divisionalize EDP? JAY F. DEMERS (on BARRA, ). *Letters commenting on sub sequent articles are noted with article listings on pp. 3.13. 14 NAA BULLETIN _c,� pTlO/y�O� R� ' 9� n

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