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1962 Applause Anonymous

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Recommended Citation Quarterly, Vol. 08, no. 3 (1962, September), p. 60-69

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Atlanta he presented a speech entitled "Man­ agement Services and the Future of E. R. Dryden was elected treasurer of the Profession." the Atlanta Chapter of the Georgia Society of CPAs for the year 1962-63. On June 14 and 15, Mr. Trueblood Robert E. Minnear was appointed attended the American Institute of chairman of the Attendance Commit­ CPAs Long Range Objectives Com­ tee and a member of the Executive mittee Meeting in San Francisco, and Committee of the Atlanta Chapter of on July 9 an American Institute Ex­ the Georgia Society of CPAs. Mr. ecutive Committee Meeting in New Minnear is also a member of the York City. Finance Committee of the State So­ ciety of CPAs. Justin Davidson addressed the meet­ ing of the Associated Merchandising Corporation Controllers held in Wil­ Boston liamsburg, Virginia on May 14 on the On May 14 Donald C. Wiese par­ subject, "Retail Applications of Sta­ ticipated in a panel which appeared tistical Sampling." He spoke to the at a dinner meeting of the South Shore University of Detroit Accounting Fuel Dealers' Association. The subject Conference June 8 in Detroit on was "Estate Planning." "Statistical Sampling in Managerial Decisions." On June 22 he attended Donald M. Keller spoke before the the 39th Annual Conference of CPAs Norfolk County Chapter of the NAA of the Pacific Northwest in Seattle in Dedham, Mass. on May 23, his sub­ where he spoke on "Statistical Sam­ ject being "Profitability Accounting." pling in Accounting Procedure."

Chicago Mr. Davidson recently co-authored a book entitled "Statistical Sampling During the month of June Robert for Accounting Information" with Trueblood addressed three gatherings. Richard Cyert, Dean of the Graduate On June 5th he spoke at the 59th School of Business Administration of Annual Meeting of the Illinois Society Carnegie Institute of Technology. To­ of CPAs in Chicago on "Looking gether with Mr. Cyert and Mr. G. L. Forward —The Profession in 1970." Thompson, he wrote an article on On June 8 he spoke at a luncheon of "Estimation of the Allowance for alumni of the Graduate School of In­ Doubtful Accounts by Markov Chains" dustrial Administration of Carnegie which appeared in the April 1962 Institute of Technology in Pittsburgh issue of Management Science. on the subject "An Employer Looks at GSIA Graduates." At the Annual John Van Camp was recently ad­ Meeting of The California Society of mitted to membership in the American CPAs held in San Francisco June 18 Institute of CPAs.

60 THE QUARTERLY Dallas Development; Arthur Samelson, Pro­ fessional Ethics; Donald G. Sinsa- David W. Muir was made a director baugh, Public Relations; Rocco A. of the Dallas Chapter of the Texas Laterzo, Staff Accountants; Earl E. Society of CPAs. Marcus, State Taxation; Gerald R. Katz, United Funds. Dayton James C. Bresnahan was guest lecturer Detroit in May at the Air Force School of Logistics at Wright Patterson Air Kennth S. Reames was elected vice Force Base. His subject was "EDP president of the Michigan Association Feasibility Studies." of CPAs at the annual meeting in June. Mr. Reames will also serve as William J. Sander has been elected vice chairman of the Executive Com­ treasurer of the Junior Chamber of mittee of the Association. Commerce of Greater Dayton. Other appointments to committees John N. Bell of our office recently of the Michigan Association of CPAs received his Professional Engineer's for the year 1962-63 are: Certificate. Accounting and Auditing Proce­ Denver dures — William S. Harter (vice chairman) Russell Palmer has been accepted for membership in the National Consumer Annual Meeting—Charles E. Wieser Finance Association. Relations with Attorneys—H. James Carleton H. Griffin has been ap­ Gram (chairman) pointed a member of a committee representing the Colorado Society Relations with Bankers — Nile W. which will work jointly with the Farnsworth and Al M. Mlot Colorado Bar Association as liaison with the District Director of Internal Relations with Educators — Roger Revenue concerning problems of fed­ C. Markhus eral tax administration. Federal Taxation — Keith A. Cun­ The following people have been ap­ ningham (vice chairman) and pointed to committees of the Colorado Edwin H. Hicks Society of CPAs: Charles E. Husted, Accounting and Auditing Procedure; Graduate Study Conference—James Robert L. Stamp, Cooperation with H. Dunbar Credit Grantors; E. J. Gehres, Co­ Insurance and Pensions — Richard operation with Education Institutions; F. Van Dresser Carleton H. Griffin, Chairman, Fed­ eral Taxation; Roy N. Hollaway, Gov­ Advisory Committee on Legislation ernmental Accounting; Donald A. — Henry E. Bodman II Shore, Insurance; Ronald S. Fiedel- man, Management Services; Richard Management Services — David V. G. Shuma, Secretary, Professional Burchfield

SEPTEMBER 1962 61 Membership—Harry G. Troxell and olic Accountants Guild Award for the David J. Vander Broek highest over-all scholastic average of the January 1960 accounting grad­ Personnel — Rosemary Hoban uates at the University of Detroit. The award was presented at the University Professional Education—Thomas R. of Detroit Evening Division Senior Ames, Gwain H. Gillespie, and Banquet this spring. Donald H. Waterman Al M. Mlot has been appointed an Professional Ethics— Paul E. Ham- associate director of the Detroit Chap­ man ter of the National Association of Accountants for the year 1962-63. Publication — Donald H. Waterman In May, Henry E. Bodman II lec­ Public Service & Information — tured on the "Effective Utilization of Donald O. Nellis, Phyllis E. Management Reports for Decision Peters, and Robert D. Wishart Making" at a joint assembly of public administration and municipal account­ State Taxation — Lyman B. Curtis ing students at the University of and John D. Hegarty Michigan Graduate School of Busi­ Unauthorized Practice — Donald W. ness Administration. Graham and Donald R. Miesel John F. Keydel was recently elected president of the Harvard Business Phyllis E. Peters was recently elected School Club of Detroit. national vice president of the Amer­ ican Society of Women Accountants. Henry E. Bodman II discussed "Utilization of Annual Reports for David V. Burchfield was elected Investment Decisions" at a meeting of president of the Detroit Chapter of the a Detroit investment club. Mr. Bod­ Society for Advancement of Manage­ man was recently appointed chairman ment. Mr. Burchfield was also ap­ of the Wayne County Public Officials pointed treasurer of the National Joint Salary Study Committee and was also Computer Conference to be held in recently elected treasurer of the Cobo Hall in Detroit on May 21-23, Gabriel Richard School P.T.A. in the 1963. Grosse Pointe Public School System. On May 23 Kenneth S. Reames pre­ sided at the morning session of the Executive Office 2nd Annual Management Services Conference presented jointly by the Kenneth P. Mages presented the new Michigan Association of CPAs Man­ Retail Accounting Manual at the 42nd agement Services Committee and the National Controllers' Congress Con­ Wayne State University School of Busi­ ference in New Orleans on May 24. ness Administration at the McGregor Also in New Orleans, Mr. Mages Memorial Center of Wayne State Uni­ spoke on "The International Audit" at versity. Subject for the session was the Frederick Atkins Controllers Meet­ "Budgeting as a Management Service." ing on May 28. On June 11 he spoke on "Management Reporting" at the David M. Smith received the Cath­ National Retail Merchants Association

62 THE QUARTERLY Board of Directors Meeting in New the May 1962 issue of the Michigan York. CPA. Mr. Mages also spoke on the new Retail Accounting Manual at the Houston Western States Controllers Conference in Seattle on August 27 and is sched­ Leland C. Pickens has been appointed uled to be a discussion leader at the a member of the Management Services NRMA Electronics Seminar in Ports­ Committee of the Houston Chapter of mouth, New Hampshire on Septem­ the Texas Society of CPAs for the year ber 5. 1962-63. Mr. Pickens also appeared on the program of a week-long sem­ Eli Gerver has again been elected to inar on total profit budgeting held by the Federal Tax Committee of the a worldwide non-client company. His New York State Society, while Joseph subjects were "Responsibility Account­ Levee is chairman of the International ing" and "Management by Exception." Tax Committee. Ramon J. de Reyna has been ap­ pointed to serve on the Management Grand Rapids Services Committee of the Society of Louisiana CPAs during 1962-63. Richard E. Herrinton was appointed associate director of The Grand Rapids Owen Lipscomb has again been Chapter of the National Association asked to serve on the Federal Taxation of Accountants. Committee and the Professional Prac­ tice Sub-Committee of the Texas So­ Richard W. Lamkin was elected ciety of CPAs. He has been chairman » chairman of the Western Chapter of of the Taxation Committee for the the Michigan Association of CPAs. past three years. He served on the Mr. Lamkin also served as moderator Reception Committee for the Annual of a panel discussion on Personnel Re­ Meeting of the Texas Society of CPAs cruitment and Training at the Annual in Houston last June and has been re­ Meeting in June of the Michigan Asso­ quested to serve on a panel for work­ ciation in Gaylord, Michigan. shop sessions of the Ninth Annual Mr. Lamkin was recently appointed Institute on Taxation in October. chairman of the sub-committee on program presentation of the Profes­ Mr. Lipscomb has accepted an in­ sional Education Committee of the vitation to be on the program for the Michigan Association of CPAs. Fifth Annual Estate Planning Confer­ ence at Abilene Christian College. Robert P. Fairman was appointed The Conference is scheduled for Sep­ to the Committees on Membership and tember 28, and his topic will be State Taxation and Robert J. Lyzenga "Prudent Tax Planning During Estate was appointed to the Committee on Administration." Personnel of the MACPA. Thomas C. Latter appeared before Robert P. Fairman's article, "The the Corpus Christi Chapter of the Depreciation Dilemma — Michigan Texas Society of CPAs on May 17. Business Activities Tax" appeared in His subject was "Comments in Con-

SEPTEMBER 1962 63 nection with Proposed Federal Income James Crosser has been appointed Tax Legislation." to the Savings and Loan Committee of both the Los Angeles Chapter and the Los Angeles California State Society of CPAs.

Frank Daft, partner in the Los Angeles Management Services Office, has been elected a vice presi­ Central Staff dent in the Los Angeles Chapter of The California Society of CPAs and a John Carroll gave a talk on "Analyses member of the State Committee on of Financial Statements" during a one- Personnel Conferences. day seminar conducted by the Pur­ chasing Agents Association of New Kenneth Nelson has been elected to York, Inc. He also conducted a dis­ the Accounting and Auditing Pro­ cussion session at the Third National cedures committee of the Los Angeles Conference on Banking Automation Chapter of The California Society of which was presented by the Detroit CPAs. He has also become an asso­ Research Institute in Detroit on May ciate director of The National Asso­ 8-10. The subject of his discussion ciation of Accountants and a member was "The Internal Auditor's Part in of the Membership Continuity Com­ the Bank's EDP Program." mittee of that Association. At this same conference, Jesse John Balian has received member­ Lynch gave a speech entitled "The ship in the AICPA. Future of On Line Systems in Jack Heil has been appointed to the Banking." Management Services Committee of Roger Crane's article, which ap­ the Los Angeles Chapter of The Cali­ peared in the U.S. Army Audit Agency fornia Society of CPAs. Bulletin for April 1962, was quoted in Neil Bersch has been appointed to the column "Washington Background" the State Taxation Committee of the in the June 1962 issue of The Journal California State Society of CPAs. Mr. of Accountancy. Bersch gave a talk to the Downtown John Carroll was appointed to the Group of the Los Angeles Chapter of Committee on Cooperation with Banks the California State Society of CPAs for the Nassau-Suffolk Chapter of the on July 9. The subject was "Proposed New York Society of CPAs. The Legislation in the Savings and Loan appointment is for 1962-63. Field." On June 6 William D. Power gave Robert Dodson has been appointed a talk to an AMA meeting on Mergers to the Committee for Cooperation with and Acquisitions. His talk was entitled Credit Grantors in the Los Angeles "The Use of Scientific Techniques as Chapter of the California Society of Analytical Tools in the Acquisition CPAs. Process." Robert Ensign gave a talk on profit­ Richard E. Sprague will have an ability accounting in the Graduate article in the Data Processing Year­ School of Business at the University book to be published in September. of Southern California on August 6. He will also participate in the Data

64 THE QUARTERLY Processing Roundtable discussion on and Einar Ross; Auditing — Einar Ross October 16, when his subject will be (Chairman); Cooperation with Bank­ "The Effect of Computers on Cor­ ers — Ingvar Aaseng; Cooperation with porate Structure." The Roundtable Bar and Accounting Organizations — will be held at Wayne State University James Pitt (Vice Chairman); Educa­ in Detroit. tion — William Nelson; Estate Plan­ ning — Jerald Grande and Robert New York University has also in­ Mooney; Legislative Policy — James vited Mr. Sprague to serve as a mem­ Pitt and Palmer Tang; Membership — ber of the Planning Committee of the Clarence Holtze; Management Serv­ Computer Systems Round Table for ices — Kenneth Schuba; Personal Fi­ the academic year 1962-63. Mr. nancial Management — Harold Klose; Sprague also has an article scheduled Professional Ethics — Clayton Ostlund for publication in a forthcoming issue (Chairman); Professional Standards — of Auditgram on "OLRT Systems for Clayton Ostlund; Past Presidents — Banking." James Pitt and Palmer Tang; Publica­ tions — William Nelson; Taxation Fed­ Milwaukee eral & State — James Pitt and Robert Mooney; and Tax Conference Com­ Robert Beyer conducted a seminar mittee — Robert Mooney. June 4-7 at the University of Wiscon­ sin on "Finance and Accounting for Carl Pohlman has been named Di­ Non-Financial Executives." Mr. Beyer rector of Communications of the also conducted a seminar at the Uni­ Minneapolis Chapter of NAA for the versity of Wisconsin Management coming year. Institute entitled "A New Approach to the Marginal Income Concept" June 18-22. This was a Profitability New York Accounting Seminar. On June 7 Victor H. Brown addressed Walter F. Renz was a discussion 200 financial executives attending an leader at a University of Wisconsin Institute of Finance Conference held Seminar on Profit Management in in Los Angeles and sponsored by the Madison, April 25-27. The subject University of Southern California. discussed was "Why Profit Manage­ The subject of his talk was "Applying ment and What Can Be Accom­ Profit Goals to Evaluating Capital plished." Mr. Renz was a member of Expansion Programs." a panel at the Financial Management Conference in Denver, Colorado on On June 13 Mr. Brown participated June 11-13. The subject presented in a corporate finance seminar held in was "A Review and Examination of Honolulu and sponsored by Aloha Management Services." Airlines, Alexander & Baldwin and the Bank of Hawaii. The topic under dis­ cussion was "Measuring Profitability Minneapolis for Expansion and for Other Capital The Minnesota CPA Society appoint­ Decision Purposes." Mr. Brown also ments from the Minneapolis staff for spoke on "Return on Investment" be­ 1962-63 are as follows: Accounting & fore a seminar held for purchasing Auditing Procedure — Ronald Bach agents. The seminar was held in New

SEPTEMBER 1962 65 York and was sponsored by the Pur­ Edward Davis — Contractors' Ac­ chasing Agents Association of New counting York. On June 22, Mr. Brown was chairman of an American Manage­ Seymour Finler — Labor Union ment Association Orientation Seminar Accounting on "Return on Investment Concept as a Management Tool." Sheldon Goldberg—New York State Taxation Michael A. C. Hume gave a talk on "Internal Control and Audit of Elec­ Sheldon Goldenberg — State Taxa­ tronic Computer Installations" to a tion — Other than New York group of Mexican bankers attending the Curso para Ejecutivos de Insti- Ronald Isola — Fiduciary tuciones de Credito de America Latina Accounting in Endicott, New York on June 15. Thomas Marcosson — Statistical On July 27 Paul J. Bennett, a mem­ Sampling ber of the New York Tax Department, Donald Surdoval — Retail made a speech to the Underwriters of Accounting the Northwestern Mutual Life Insur­ ance Company on "Basic Business Peter Klausner received his master's Accounting and Its Relationship to degree in taxation from New York Life Insurance." University. Recent New York State Society of Gregory Boni has been very active CPAs Committee appointments in­ with the American Management Asso­ clude: ciation recently. He is helping with the preparation of an AMA video tape William K. Carson — Meetings on detection and prevention of fraud Bernard J. Cianca — Inventory and to be shown on closed circuit tele­ Cost Methods vision in 30 cities. He will also par­ ticipate in three AMA seminars: "The Edwin Heft — Cooperation with In­ Relationship of the Public Accountant vestment Bankers and Security to Internal Auditing" in September; Dealers "Profitability Accounting" in October; and "The Fundamental of Finance and Arthur Michaels — Committee on Accounting for Non-Financial Execu­ Professional Conduct tives" in December. Arthur Michaels — Sub-committee on Policy and Rules Herbert Weiner recently spoke to the New Orleans National Controllers' Elaine Cereghini — Accounting for Congress and to the National Tax Non-Profit Organizations Executives Institute Meeting at Green­ Peter Cottrell — Foreign Trade Ac­ brier, as well as appearing at the counting Treasury retailing hearing in Wash­ ington. He has also participated in Philip Cohen — Hotel Accounting many functions of the National Retail Frederic Blank — Accounting Ma­ Merchants Association Tax Commit­ chinery tee, such as inventory questionnaire,

66 THE QUARTERLY new depreciation rules, and install­ Ira Osman appeared as a panel ment regulations. member over a radio broadcast from Arizona State University, "The Weekly Bernard J. Cianca, Gregory M. Western Roundup." The panel dis­ Boni and Victor H. Brown partici­ cussion pertained to the needs and pated in a seminar on "Financial and importance of business education in Control Aspects of Purchasing" held our schools. in New York on June 15. Michael A. C. Hume has been Miles H. Bresee, Jr. has been ap­ elected an alternate representative on pointed to the Arizona Society of the Board of Directors of the Council CPAs Taxation Committee. Mr. for International Progress in Manage­ Bresee was also recently promoted to ment (USA), Inc. This organization as the rank of Lieutenant Commander in American member of Comite Inter­ the United States Naval Reserve. national de L'Organisation Scientifique, will sponsor the Thirteenth Interna­ tional Management Congress to be Pittsburgh held in New York City in September Louis A. Werbaneth, Jr., William J. 1963. This will be the first major Simpson, John C. Williams, and Alan international congress of its type to be D. Henderson attended the Annual held in the United States since 1938. Meeting of the Pennsylvania Institute Gregory M. Boni has been appointed of CPAs at Bedford Springs, Pennsyl­ a member of the following committees vania on June 18-20. of the New York State Society of CPAs: Awards, Budget and Finance, Mr. Werbaneth will speak before and the Select Committee, which the Dickinson Tax Forum in Harris- recommends legislation for study. burg, Pennsylvania on October 19. His subject will be "Tax Aspects of An article entitled 'You Don't Have Real Estate Transactions." He will to Be Big to Benefit from Automatic also speak before the Pittsburgh Chap­ Data Processing" by Michael A. C. ter of the Tax Executives' Institute on Hume was published in the May 1962 October 25. His subject then will be issue of NRMA Smaller Stores Ex­ "Corporate Acquisitions and Loss change. Carry-Overs."

Robert J. Monteverde was elected Philadelphia president of the Pittsburgh Chapter of The Institute of Management Sciences William J. Byrne has been appointed for 1962-1963. associate director of the Manuscripts Committee of NAA. Louis A. Werbaneth, Jr. was reap­ pointed chairman of the Committee Phoenix on Education of the Pennsylvania In­ stitute of CPAs and is Chairman of Elza Bridges recently became a mem­ the General Meetings Committee of ber of the Board of Arizona Founda­ the Pittsburgh Chapter of the Pennsyl­ tion for Blind Children. vania Institute for the coming year.

SEPTEMBER 1962 67 Mr. Monteverde addressed the Ad­ Rochester ministrative Applications Division — Canadian Section of the American So­ The list of committee appointments of ciety for Quality Control at its annual the Rochester Area Chapter — The meeting in Montreal on the subject of New York State Society of CPAs for "Statistical Methods in Accounting the year 1962-63 includes the follow­ and Auditing Practice." He has also ing from the Rochester Office: James been asked to serve on the Auditing M. Moore, Accounting and Auditing Committee of this Society. Procedures; Edward Sallerson, Co­ operation wtih Bankers; Gail N. Alan D. Henderson and Louis A. Brown, Cooperation with Educational Werbaneth have become members of Institutions, and Executive Committee. the American Association of Hospital Accountants. The North East Chapter of the Society of Accountants for Coopera­ Louis A. Werbaneth, Jr. was re­ tives has elected Gail N. Brown to the cently elected vice president of the office of president for the 1962-63 Pittsburgh Tax Club. Mr. Werbaneth, term. presently third vice president of the Duquesne University Alumni Associa­ tion, will assume new duties as treas­ St. Louis urer of this association for the next fiscal year. lohn F. Bruen, Jr. was elected a vice- William J. Simpson has been elected president of the Missouri Society of director of communications for the CPAs. Pittsburgh Chapter of the National Kenneth J. Bauer was elected secre­ Association of Accountants for the tary of the St. Louis Chapter of the chapter year 1962-1963. The Pitts­ Missouri Society of CPAs. burgh Chapter is one of the largest in the country with over 1,000 members. San Diego On May 8 Anthony Rapp spoke to the Advanced Accounting Seminar at George F. Meitner was appointed to Duquesne University on the subject of the Committee of governmental affairs, "Cash Flow Forecasting." San Diego Chamber of Commerce.

Portland San Francisco

Lee Schmidt was elected director of Leroy E. Schadlich has been made vice the Oregon Society of CPAs. Mr. chairman of The Committee on Taxa­ Schmidt was also elected to the United tion for The California Society of Good Neighbors Agencies Relations CPAs for the year 1962-63. Mr. Committee. Schadlich has served on this commit­ tee for many years. John Crawford was nominated for Council of the American Institute of Milton Gilmore has been appointed CPAs. to the Committee on Accounting and

68 THE QUARTERLY Auditing Procedures of The California leader at a seminar workshop spon­ Society of CPAs for the year 1962-63. sored by the San Jose Chapter of the National Association of Accountants Paul Warnick presented a paper at in Palo Alto on April 12. the meeting of the California Chapter of the National Society of Account­ ants for Cooperatives which was held at Palm Springs on May 3-4. The sub­ Seattle ject of this presentation was "The Im­ pact on Cooperatives of Proposed "Tax Aids in Financing" was Durwood 1962 Revenue Acts." Alkire's subject for his talk in Seattle on August 28 at the Western States On May 9 Mr. Schadlich spoke as a Controllers Group of the National Re­ panel member at the discussion lunch­ tail Merchants Association. eon held by the San Francisco Chapter of CPAs. His subject was "When and The Northwest Tax Institute in Yak­ How should the Practitioner Act as a ima on September 12-15 will have Public Controller." good representation from the Seattle Office. Robert Benjamin is chairman of registration and arrangements, Nor­ San Jose man Swenson is a member of the pro­ gram committee, and Durwood Alkire will be chairman of the sessions for Thomas J. Ennis was installed as pres­ one day. ident of the California Society of CPAs at ceremonies which took place at the annual meeting of the Society Through the efforts of Harold in San Francisco on June 19, although Wright, membership committee chair­ President Ennis had assumed his new man, the Seattle Chapter of National duties on June 1. As president, Mr. Association of Accountants received Ennis is ex-officio Member of Council the national membership achievement of the American Institute. award at the convention in Chicago in June. Mr. Wright also received recog­ Wilbur Stevens, of our new Salinas nition as the winner of the Seattle branch, has been elected Member of Chapter's "Most Valuable Member" Council of the Institute. Also, he is a Contest. member of the Long-Range Planning Committee and the Committee on Mu­ nicipal Accounting of the California Washington Society.

On July 16 Max Sporer spoke be­ Karney A. Brasfield and Richard P. fore NOMA (National Office Manage­ McMurray attended the mid-year ment Association) in San Jose. His Board of Directors meeting of the Na­ topic: "More for Your Auditing Dol­ tional Concrete Masonry Association lar." Approximately 40 members of in Seattle from July 30 to August 1. the association attended. They attended the meeting in connec­ tion with the development of an ac­ Charles Perry acted as discussion counting program for the association.

SEPTEMBER 1962 69