limpil

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President's Message

Chapter Section Meetings

1962 -63 National Comm

Speedier Mail Service

Chapter Photosc►iptsHardy, Koval Join NAA Staff

Essay Contest W innerJust Ask Him!

NAA Member in EthiopiaAnnual Conference Photoscripts

Members in the News

Variables

FRONT COVER — Traditional sym-bols of meetings —the gavel, waterpitcher and glass —focus attentionon NAA's Chapter Section Meetingprogram, which gets underway thismonth. (See story on Page 4). Also,the Association's national commit-tees for 1962 -63 have been ap-pointed and are listed in this issueof SECTION 2.

NAA BULLETIN is published by the

National Association of Accountants505 Park Ave. New York 22, N.Y. Sub

scription Price, $10 per year for meinbers only. Second class postage paid a

New York, N.Y.

heim, Calif., as comptroller of Wiley Elec-tronics Co. . . . James E. Myers is movingto Los Angeles as assistant secretary andcorporate comptroller of Electronics Spe-cia lties Co.

John Swearingen, Jr., Pittsburgh presi-dent, has opened a new business, FortSteuben Express Co., Inc., a general com-modity common carrier headquartered inSteubenville, Ohio.

John A. Ritzenthaler, Rochester, has beenappointed controller of Rochester Instru-ment Div., American Standard Controls.

Alfred W. Vitale is now treasurer ofThe Rumrill Co., Inc.

Norman Houde, Southern Maine, has ac-cepted the position of treasurer for theBrunswick Area Chamber of Commerce.

Charles F. Bauberger, West Bergen -Passaic County , has been appointed con-troller of the National Society for the Pre-vention of Blindness, New York. He wasformerly on the education staff at NAAheadquarters.

Organisation Service

Louis L. McRae, Hawaii, was recentlyelected president of the Hawaii Chapter,National Association of Machine Account-ants. . . Jer ry Pool is the new sta te vice -president of the Hawaii Conference, Na-tional Association for Bank Audit, Controland Operations. . Hugh Pingree is thenew president of the local conference ofNABACO.

Merwin P. Cass, current national treas-urer from Newark, has been elected presi-dent of the Plainfield, N. J., Rotary Club.

Myra Barden, Richmond, has been electedpresident, and Belle Anderson named 2ndvice - president, of the Richmond Chapter,American Society of Women Accountants.

Charles King, South Florida, has beenelected president of the Miami Chapter,Institu te of Internal Auditors.

Beulah P. Brewer, Washington, has beeninstalled as president of the WashingtonChapter, American Society of Women Ac-countants. . . J. Melvin Mitchell has beenelected president of the Alexander GrahamBell Chapter, Telephone Pioneers ofAmerica .

MiscellaneousE. Reece Harrill, Northern New Yor k,

was the winner of a national financia l writ-ing award presented by the Federal Gov-ernment Accountants Associa tion.

George Battista, Trenton past president,was presented the Limbach FoundationAward for Distinguished Teaching as theoutstanding teacher a t Rider College.

In MemoriamClifton E. Allen, 52, Merrimack Valley,

1957; Southern Maine, 1958.John C. Allen, 66, Providence, 1920.Charles Berne, 76, Scranton, 1945.Michael Bernstein, 66, Scranton, 1938.Wallace L. Black, 37, Birmingham, 1958.Walter L. Chapman, 48, Birmingham,

1948.John G. Conley, 71, Milwaukee, 1927.Lawrence Coyle, 51, Chicago, 1948.J. Wesley Dale, 61 , Ne w Yo r k , 1939.Gerrit DeZeeuw, 58, Brooklyn, 1942;

Queens, 1961.Walter E. Friedmann, 55, Providence,

1947.Myron D. Hansel, 65 , San Antonio , 1951.Wilbur G. Ippen, 41, Rockford , 1957.Frank H . Hilscher, 41, Williamsport,

1945.Harold G. Lammie, 49, Pittsburgh, 1954.Winthrop P. Mann, 58, Providence, 1947.William A. Markle, 54, Indianapolis,

1953.Austin F . Matthews, 67, Providence past

president, 1929. Emeritus Life Asso-ciate.

David L. Milne, 71, New Yo r k , 1938.W. J. P. Moonan, 73, Cleveland, 1923.William D . Morrison, Jr., 44, Boston,

1955.William F. Moshier, 47, Florida West

Central, 1958.Del R. Paige, 61, Atlanta, 1942.Howard D. Petty, 78, Akron, 1952.Abraham H. Puder, 72, Newa rk, 1940.Simon Schlussel, 78, New Yo r k , 1942.Christian C. Simons, 75, Long Island,

1952.Norman G . Staffold, 44, Syracuse, 1948.Frank Wallace, 51, New Yo r k , 1945;

Bridgeport, 1961. Past national di-rector.

Oscar V. Wallin, 79, Philadelphia, 1924.Dorothy E. Webster, 66, Boston, 1956.Charles E. Whiting, 61, Washington,

1943.Samuel M. Woronoff, 58, New Haven,

1956.

2 1

NAA Items Available

Two items popular with Association mem-bers, the NAA lapel buttons and NAABULLETIN holders, may be ordered fromAssociation headquarters in New York.

The lapel buttons have a 10 -k. rolled -gold finish with the NAA lettering in ahand - finished blue enamel. They are one -half inch in diameter, with a sturdy screwfastener. These buttons, which reflect thedignity and prestige accompanying NAAmembership, are only $1.25 each.

The BULLETIN holders are a handy andattractive way to file your BULLETINS forfuture reference. They are a box -type binder,finished in black fabrikoid with a stiff cover.All let ter ing and the NAA seal on the frontcover are in gold. Up to nine copies ofSECTION I or six copies and three ResearchStudies may be filed in each binder, pricedat $1.75.

Orders for either the l apel but tons or theBULLETIN holders, or both, accompaniedby remittance, should be sent to NationalAssocia tion of Accountants, 505 Park Ave.,New Y ork 22, N . Y.

What's New?Modular arithmetic, taken from a 2,000 -

year -old Chinese theorem, is being developedby scientists a t Lockheed Missiles and SpaceCo. to help make computer operations 20times faster than now possible. With modu-lar arithmetic, numbers need not be carriedover from one column to the next as inregular addition and subtraction. Thismeans that calculations can go just as fastas the computer can run, because the ma-chine need not wait for the carryovers ofordinary arithmetic to catch up with themain calculation.

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NMAA Changes Name

National Machine Accountants Associa-tion has changed its name to Data Process-ing Management Association. The changewas approved at a recent annual board ofdirectors' meeting. The association alsoelected a new international president, ElmerF. Judge.

Publication AvailableIn response to inquiries regarding one of

the publications referred to by C. W. Doyle,value control coordinator, General DynamicsCorp., in his address at the Annua l Confer-ence, we have learned that the publicationFundamentals of Value Analysis can be ob-ta ined from its publishers, Technocopy, Inc.,225 Broadway, New York 7 , for $3 .00, plusmailing charges.

Are You Enthusiastic?According to a new booklet entit led "The

Wonderful Power of Enthusiasm," enthusi-astic people seem to have an a lmost magicalway of getting things done in spite of ob-stacles. It points out that young people start-ing out in l ife might take note of the specia lpowers of the enthusiastic person and learnto cultivate enthusiasm in their own ap-proach to living.

The 16 -page, two -color booklet —a collec-tion of brief articles and quotes on the sub -ject—is said to be ideal for distribution toemployees, sales personnel and students.Quantity rates, or single copies at 35 centseach, are available only from the publisher,Enterprise Publications, 20 N. Wacker Dr.,Chicago 6.

1962-63 National Committees

�� ... f t1964 -M INVESTMENT COMMITTEE, seated (I. to r.): John Pugsley, Warren J. Faust, chairman; GeorgeL. Nohe, and Ottmar A. Waldow. Standing (I. to r.): Merwin P. Cass, national treasurer and com-mittee vice - chairman; Arthur B. Gunnarson, special consultant to the board of directors; John B. Bach -ofer, national president; Nels C. Nelson, chairman, Committee on Finance & Budget, and Rown Brinkley,national secretary.

NAA ' s N AT I ON AL C O M M I T T E E S ,

which are concerned with Asso-ciation policy and administration, havebeen appointed for 1962 -63. All com-mittees are advisers to NAA's nationalboard of directors and make recom-mendations to the board for considera-tion and action.

Seminar, Subject and Regional Con-ference committees and their chairmenwill be announced in the ConferenceNews articles appearing monthly inS E C T I ON 2 .

EXECUTIVE COMMIT T EE - 1962.62

Cur r en t Off icers

J oh n B . B ac ho fe r , Kansas Ci ty , Pre s ide n tJ o h n L. M ar l e y, Ch ic a go , Vice - PresidentG r a n t U . M e ye rs , N e w Yo r k , Vice- Presi -

dent

N i cho l as Pi cch i one , Prov idence, Vice -Pres iden t

He n r y W . Pi rke y, Jr . , Shrevepor t, Vice -President

Stanley A. Pressler, Indianapolis, Vice -President

Julius G . Underwood, Harrisburg, Vice -President

John E. Vavasour, Binghamton, Vice -President

William W. Wright, Orange County ,Vice - President

Merwin P. Cass, Newark, Treasurer

Appointed Members(Terms expire Irene 30 of year shown)

Huber L. Mollenkopf, Akron (1963 )Thomas L. Morison, Boston (1963)Colin A. Stillwagen, San Diego (1964)George J . Wachholz, Minneapolis (1964)Firman H. Hass, Detroit (1965)Doren D. Vest, Washington, D. C. (1965 )

Chairmen of S tanding CommitteesFinance and Budget

Nels C. Nelson, ClevelandAccounting Development

Joseph L. Brumit, Ne w Yor kChapters

John V. James, DallasMembership

John L . Fava loro, New OrleansPromotion and Publicity

Harold E. Rowles, RochesterResearch Planning

James E. Meredith, Jr . , Philadelphia

COMMITTEE ON ACCOUNTINGDEVELOPMENT

Joseph L. Brumit, New Yo r k , ChairmanFred J. Sengstacke, Ne w Yo rk ,

Vice - Chairman

Subcomm ittee on Chapter EducationalServices

Robert J . Weafer, Boston, ChairmanHarold O. Brevig, PortlandPaul A. Busch, CantonWilliam A. Dahl, OmahaFrancis X. DiLeo, BridgeportDon N. Howe, New Yo rkWilliam Langenberg, Raritan ValleyJohn M. McMillin, ClevelandRalph L. Meyer, Des MoinesPaul L. Noble, Parkersburg- MariettaArthur C. Redel, Cedar RapidsAlbert P. Roeper, BaltimoreA. R. St. Bernard, ClevelandGordon Shillinglaw, New Yo rkBronislaus Zamrok, Jr ., Morristown

Subcommittee on PublicationsRay E. Longenecker, Lancaster, ChairmanRoy A. Ada ms, Greenwich - StamfordJohn C. Bain, Lake SuperiorRobert F. Bonagura , Jersey City- HudsonGustav H. Burkhart, AkronDonald E. Chapman, BuffaloLeo J . Flury, ToledoFrank L. Hopkins, Jr. ,

Longview -East TexasNeal J . Thomas, Oklahoma City

Subcommittee on Conferences andSpecial Aids

George H. Wadsworth, Waterbury,Chairman

William J. Arthur, LynchburgAndrew Barr, WashingtonFrank M. Carter, Bangor- WatervilleR. Leslie Ellis, LancasterGeorge L. Giess, North PennEarl H. Owen, Salt Lake CityWilliam W. Ragsdale, BirminghamPaul C. Smith, South JerseyJohn R. Walker, Fort Worth

COMMITTEE ON CHAPTERSJohn V. James, Dallas, ChairmanWilliam F. Gerth, Morristown,

Vice - ChairmanJ. Marshall Aaron, DelawareEttore Barbatelli, New Yo rkLeo J . Barnecut, Jr. , SeattleJames M. Blake, ColumbiaFerris E. Braun, DenverWilliam E. Craig, DetroitJames T . Dunphy, BostonJohn H. Gilby, ChicagoJoseph L. Golucci, New YorkMaurice E. Karosen, NewarkEdgar L. Kester, DaytonClarence T . Knudsen, SeattleStewart Koepcke, CharlotteJames I . McDermott, HartfordRussell S. Meinholz, ReadingJohn F. O'Brien, Chattahoochee ValleyKenneth R. Rickey, Peninsula -Palo AltoWalter W. Rohrbaugh, Yo rkRaymond E. Smith, MinneapolisLinda Stanford, BinghamtonCar l W. Strobel, RochesterRaymond L . Torpy, Elmira Area

COMMITTEE ON FINANCE AND BUDGET(Terms expire on June 30 of year shown)

Nels C. Nelson, Cleveland, Chairman(1964)

Sterling K. Atkinson, Philadelphia (1963)William H. Beadle, New York (1964)Merwin P. Cass, NewarkPaul M. Herring, Reading (1963 )Thomas L. Morison, Boston (1963 )Roger M. Wakeman, Bridgeport (1964)

COMMITTEE ON MEMBERSHIPJohn L. Favaloro, New Orleans,

ChairmanRobert E. Newberg, Des Moines,

Vice - ChairmanRichard C. Abbott, Niagara FallsW. S. Anderson, Jr . , Beaver Valley

Walter H. Barnum, Cedar RapidsRa ymond A. Boyer, AtlantaEdwa rd W. Clark , TrentonJ. F. Cotteleer, ChicagoElmer B. Fisher, ColumbusHollis P. Fowler, SpringfieldLafe P. Fox, ClevelandRichard Greene, WilliamsportDean W. Haas, WorcesterJohn K. H ammond, PhiladelphiaLester R. Johnsen, Fox River ValleyFrancis T . Knouss, Lehigh ValleyJoseph G . Kronenwetter,

Pennsylvania NorthwestRoger C. Lamp, ReadingRaymond F. Lord, Jr . , ProvidenceW. T . Mars, Mobile - PensacolaLee W. McGuire, Corpus ChristiE. G. Stant, CalumetRobert E. Wight, San AntonioPaul A. Wilson, Oklahoma CityHarry O. Wolcott , Mobile- Pensacola

COMMITTEE ON PROMOTION ANDPUBLICITY

Harold E. Rowles, Rochester, ChairmanVincent A. Piucci, Worcester,

Vice - ChairmanMyron W. Baker, Mohawk ValleyE. Carl Becker, South FloridaEvan E. Blair , YoungstownMichael J. Brigantic, BrooklynRalph S. Brincklow, Florida West CentralJack C. Cook, LimaWilliam E. Dahl, OmahaThomas W. Dobbins, Ogden AreaCharles A. Erdmann, DetroitElwyn E. Failor, DaytonErwin H. Feldhahn, Northern WisconsinJohn T . Haddan, EvansvilleJames P. Jackson, MuskegonRobert S. McLaren, PittsburghJack H. Meeusen, Grand RapidsBernard L. Moeck, RockfordAndrew C. Murray, Greenwich - StamfordCarl B. Nelson, MichianaFrench P. Ogletree, Coosa ValleyWilliam A. Reville, Bangor - WatervilleArthur D. Schwarz, North Jersey ShoreD. D. Siegrist , Northwestern Indiana

COMMITTEE ON RESEARCH PLANNING

(Terms expire June 30 o f year shown)James E. Meredith, Philadelphia,

Chairman (1964)Robert Beyer, Milwaukee (1964)Allan C. Crane, Milwaukee (1964)J. Cur ra n Freema n, Racine- Kenosha

(1963)Erwin Heinen, Houston (1963)

Walter A. Holt, Michiana (1965 )Charles T . Horngren, Chicago (1964)Eric L. Kohler, Chicago (1964)Edward J . McNesby, Westchester (1965)John Major, Detroit (1963 )A. L. Miller , Sangamon Valley (1965)G. Kenneth Nelson, Williamsport (1963 )H. T . Ra ppe, Syracuse (1965)B. H. Semler, Orange County (1964)M. H. Villhauer, Toledo (1965)Robert B. Wetnight, Kalamazoo (1963 )George R. White, Toledo (1963)Wilmer R. Wright, Ne w Yor k (1965)

INVESTMENT COMMITTEE(Terms expire on June 30 o f year shown)

Warren J . Faust, Bridgeport, Chairman(1965)

Merwin P. Cass, Newark, Vice - ChairmanNels C. Nelson, ClevelandGeorge L. Nohe, Ne w Yor k (1963 )John Pugsley, Pittsburgh (1964)Ottmar A. Wa ldow, Detroit (1966)John B. Bachofer, Kansas City

(ex officio)

NOMINATING COMMITTEE(To Report In 1963)

Donald G. Eder, Youngstown, ChairmanO. Ray Dawson, Dayton, Vice - ChairmanRobert Beyer, MilwaukeeRobert P. Bryarly, TulsaWa rren W. Byrne, New Yo rkEmmett S. Clifford, San FranciscoJames G. Dimock, WaterburyGeorge P. Doering, DenverDonald G. Hoffman, Mohawk ValleyFreuerick A. Huhn, PittsburghEugene J . Kempf, DetroitEugene F. Monnier, New OrleansJohn B. Norberg, Los AngelesRa ymond G . Settlage, St. LouisKenneth B. White, Dallas

CO N F E R E N C E C AL E N D AR

Sept. 2 7 -28, 1962SEMINAR CONFERENCE: Modernizing Your

Standard Costs, Barbizon -Plaza Hotel,New Y ork.

Oct. 11 -12, 1962SUBJECT CONFERENCE: Management Ac-

counting for the Non - Accounting Execu-tive, Statler Hil ton Hotel, Cleveland.

Oct . 26 .2 7, 19 62REGIONAL CONFERENCE: Management and

the Accountant, Penn - Sheraton Hotel,Pittsburgh.

Nov. 9 -10, 1962REGIONAL CONFERENCE: Varied program,

Dinkler - Tutwiler Hotel, Birmingham.

Nov. 15 .16, 19 6 2SEMINAR CONFERENCE: Direct Costing, Con-

rad Hilton Hotel, Chicago.

Dec. 34, 1962

SUBJECT CONFERENCE: Flexible Budgets forCost Control, Stotler Hilton Hotel, Dallas.

Dec. 6 .7 , 19 6 2

SUBJECT CONFERENCE: Flexible Budgets forCost Control, St. Francis Hotel, SanFrancisco

New YorkSeminar Conference

O PPOR T UN IT Y knocks twice for As-sociation members who want to

take a fresh look at their standard costprocedures.

NAA'S first conference of the 1962-63 year, Modernizing Your StandardCosts, will be held at the Barbizon -Plaza Hotel in New York on Sept.27 -28, during the same week as theEighth International Congress of Ac-countants (Sept. 23 -27). Because ofthis scheduling, members can partici-pate in both meetings and enjoy arare opportunity to meet with manage-ment accounting leaders from all partsof the world.

JACK HILTON, Shef-field, England, fea-tured speaker at NAAconference, Moderniz- 4ing Your StandardCosts.

On Thursday, Sept. 27, there willbe a joint reception at the hotel forboth registrants of NAA's SeminarConference and those delegates to theCongress who are interested in man-agement accounting. Members ofNAA's executive committee and otherAssociation notables also will attend.

Adding to the international flavorof the NAA Conference, ChairmanDonald C. Brabston, Birmingham, has

invited Jack L. Hilton, F.C.N.A.,F.M.B.I.M., financial director of Gen-eral Refractories Ltd., Sheffield, Eng-land, to be the Thursday luncheonspeaker. Mr. Hilton is a member ofthe Institute of Cost and Works Ac-countants and a frequent speaker inGreat Britain on accounting subjects.

R. Leslie Ellis, controller, Interna-tional Operations, Armstrong CorkCo., Lancaster, Pa., is the scheduledspeaker for the Friday luncheon ses-sion, where he will discuss how hiscompany uses standard costs.

During the seminar conference,areas to be discussed will include:

1. Philosophy of standard costs2. Purposes and uses of standard costs

and their rela tive importance3. How standards are set and revised —

during the year —for the next year4. Treatment of variances in profit re-

porting5. Factor s on which standards are based

a. Price and labor rate standardsb. Efficiency standardsc. Standard volumes for overhead ab-

sorption6. Standard costs for control —for plan-

ning —for .pricing

Cleveland

Subject Conference

A Subject Conference, especiallyplanned for both non - accounting ex-ecutives and accountants who furnishinformation to them, will be held inCleveland at the Statler Hilton Hotelon Oct. 11 -12. This conference,Management Accounting for the Non -Accounting Executive, has been de-signed to give users of accounting in-formation a better understanding ofhow accounting can serve them. Whilenon - accounting executives will learnabout the significance of accountingdata, the accountant will learn hoveother companies communicate withnon - accounting personnel — a verlpractical reason why an accountantshould join other members of his com-pany's management team at this con-ference.

Chairman Howard R. Eddy, Phila-delphia, and his program committee- -James A. Lowery, Youngstown; FredD. Denton, Niagara, and S. John

NEW�YORK�—The S. S. America (foreground) moves down the Hudson River headed out to sea, whileher sister ship, the S. S. United States, steams up the river after crossing the Atlantic from Europe.Each year 10,000 ocean -going vessels move in and out of New York Harbor.

� ,

Guson, Olean-Bradford—have plannedfor discussion of these areas:

1. Uses of accounting data and their in-terrelation

SPEAKER: J. Brooks Heckert, executivevice - president, Globe AssuranceCo., Columbus, Ohio

2. Income measurement — relation to plan-ning and control

SPEAKER: W. Joseph Blood, assistant con-troller, Dresser Industries, Inc.,Dallas, Tex.

3. Plans, budgets and standards as meas-uring sticks

SPEAKER: Bertrand J. Belda, partner, man-agement services, Ernst & Ernst,Cleveland, Ohio

4. Using control reportsSPEAKER: A. L. Miller, chief accountant,

Caterpillar Tractor Co., Deca-tur, Ill.

5. Accounting data for planning and de-cision- making

SPEAKER: William J. Gehring, secretaryand treasurer, P. J. Ritter Co.,Bridgeton, N. J.

6. Prices, costs and volumeSPEAKER: Wilmer R. Wright, president,

Wright Associates, New York,N. Y.

Mid -EastRegional Conference

The Mid -East Regional Conferencewill be held at the Penn- Sheraton Ho-tel in Pittsburgh on Oct. 25 -27. AChapter Operations Workshop isscheduled for Oct. 25, with the actualconference getting under way the fol-lowing day.

Theme for this conference is Man-agement and the Accountant, and thetechnical program has been plannedto give the accountant an insight intohis problems as he develops along theaccounting executive scale.

The subject for the first session,Friday morning, is "The ManagementFunction and the Accountant," and inthis area, two talks have been planned:

1 0

1. Management in an Era of Change2. Accounting Is Management

Friday afternoon has a specialfeature —a general session and threeconcurrent seminars limited to thefirst 25 who register specifically foreach seminar. The subject for the gen-eral session is "Development of theAccounting Executive at All Levels,"with three talks scheduled on thesesubjects:

1. Managing the Accounting Function2. Avenues for Accounting Personnel

Development3. Appraisal and Promotion of Personnel

The three concurrent seminars willcover:

1. Development and Use of AccountingManuals and Standard Instructions

2. Management Policies for Depreciationand Replacement

3. Impact of Computers on the Account-ing Function

The final session, Saturday morning,will feature a case study on "Manage-ment Communications" as practiced byFord Motor Co.

SoutheasternRegional Conference

The Southeastern Regional Confer-ence, to be held Nov. 8 -10 at theDinkler - Tutwiler Hotel in Birmingham,has Franklin H. Gafford, Birmingham,as operations chairman, and a pro-gram committee composed of W.Douglas Little, Atlanta, chairman;Arthur P. Jones, Western Carolinas,P. O. McAllister, Birmingham, andEugene F. Monnier, New Orleans.Following a Chapter Operations Work-shop on Thursday, Nov. 8, the pro-gram committee has planned this pro-gram and subjects:

Friday MorningAccounting Reforms to Improve Commu-

nicationsTaxes — Depreciation— Profits

Friday AfternoonConcurrent Seminars:

1. Automation and the Accountant2. Contribution Theory of Profit Meas-

urement3. Control of Clerical Costs4. Cost Control Through Internal

AuditingSaturday Morning

Return on Capital—A Case Study

ChicagoSeminar Conference

Direct Costing will be discussed at

an advanced Seminar Conference to beheld at the Conrad Hilton Hotel inChicago on Nov. 15 -16, under thechairmanship of Rober t J. Donachie,Olean - Bradford. This seminar willpresent developments that are takingplace in this basic concept of profitmeasurement, and discussions willcover:

1. Evolution of Direct Costing2. Classification of Costs as Direct and

Period3. Profit Measurement and Reporting for

the Company and Its Segments4. Planning Under Direct Costing5. Cost Control Under Direct Costing6. Acceptance of Direct Costing Concept

— Present and Prospective.

Speedier Mail Service

G

LAST YEAR, over 9,000 changes ofaddress for members were received

at NAA headquarters. Of these, al-most 50 per cent did not include anincreasingly important item — thepostal zone number.

Lack of this number, where ap-

plicable in an address, slows down de-livery of mail and makes our job —andthat of the Post Office —a bit moredifficult in getting material to members.We'd like to correct this situation, butwe need your h el p . . . .

Please check the address on theenvelope in which this BULLETIN ar-rived, and if it is not correct in anyway, please let us know. If no postalzone is shown, but you should haveone, please tell us what it is so we can.correct your mailing stencil.

Also, when you send mail to NAAheadquarters, include our zone num-ber (it 's New York 22), and be sureyour own zone number (if you nowhave one) is always shown in yourreturn address.

We'll appreciate it, the Post Officewill appreciate it, and eventually, you'llappreciate it.

11

p 4 r 4 4 C 0

FORT WAYNE Junior Achieve-ment treasurer Garnett Roberts,right, receives her OutstandingTreasurer award from ArthurW. Garringer, Fort Wayne 1961-62 president. Runner -up Mag-dalene Hoffman is in the center.

NORTHERN WISCONSIN past presidents (seated I. to r.): Peter C. Jung, Norman A. Coon, Peter M.Chiuminato, and Arthur C. Haselow. (Standing I. to r.): Henry Rasch, George J. Kolick, Roy E. Rickert,Edward F. Koch and Victor M. Gutt. The men attended a special chapter meeting held in their honor.

. 1 0 0 0 W + W 4 9 M M

HONORED GUESTS and chapter officers at Scranton's annual Inaugural Ball (seated I. to r.): Clyde NN.

Chase, Russell F. Krause, 1961 -62 chapter president; Ambrose G. Chornogursky; Hugh Ridall, Jr., cur-rent president; and Edward M. Edwards, past president. (Standing I. to r.): W il liam W. Bowen, RobertE. Raynor, past president and toastmaster; William T. Schmidt, mayor of Scranton and chapter postpresident; Mrs. Schmidt; Mrs. Frank J. Slattery; Mr. Slattery, mayor of Wilkes- Barre, Pa., and EdmundH. Stauch, Inaugural Ball general chairman.

HERBERT BOYER, right, re- R Iceives from John E. Barry atrophy for shooting low gross Yscore in a recent Toledo golf

Itournament. Shown in back -ground is announcer R. W.Bodendorfer.

VAN JOHNSON with Hartford members and wives, (I, to r.): Mr. and Mrs. D. E. Patterson, Presidentand Mrs. Bernard Blum, Mr. Johnson, Past President and Mrs. A. S. Roberts, and Past President andMrs. K. J. Dashner. Mr. Johnson starred in "The Music Man" at the Oakdale Musical Theater, Meridan,Conn., which was part of Hartford's annual dinner and theater party, sponsored each year by thechapter's Ex -O Club.

Hardy, KovalJoin NAA StaffT W O N E W L Y C R E A T E D positions on

the NAA headquarters staff werefilled recently, when Russell W. Hardy,Newark Chapter past president, wasnamed manager of chapter technicalservices, and Erwin S. Koval appointedmanager of publicity and promotion.

Mr. Hardy will guide the new pro-gram of chapter educational meetings,described more fully on P. 3 of thisissue, which begins this month. Hepreviously was comptroller of CountyTerminal Warehouse Co., Secaucus,N. J., and before that was divisionalauditor, Hyatt Bearings Div., GeneralMotors Corp.

A graduate of New York Univer-sity School of Commerce, Accountsand Finance in 1936, with a B.S. de-gree, summa cum laude, Mr. Hardyjoined NAA in 1943. He served asNewark president in 1956 -57, as na-tional director the following year, andhas been active in various capacitiesfor Association conferences.

Married, with two sons in college,

14

Mr. Hardy is active in civic affairs inhis home town of Cranford, N. J.

Mr. Koval, prior to his NAA ap-pointment, was associated with Walden,Sons & Mott, Inc., a graphic arts pub-lishing firm in Oradell, N. J., as asso-ciate editor of Printing Magazine. Be-fore this he was advertising and indus-trial relations manager for GraphicControls Corp., Buffalo; was a featurewriter, columnist and photographer onthe Huntingdon (Pa.) Daily News,and was a staff photographer on thePittsburgh (Pa.) Post - Gazette.

A native of Homestead, Pa., Mr.Koval holds a B.A. degree in Journal-ism from Bethany College, Bethany,W. Va. (1947), and a B.S. degree inPrinting Management from CarnegieInstitute of Technology (1955) . He

is a World War II army veteran, withtwo years' overseas service in Europe,and is married and the father of twosmall children. His present home is inRiver Edge, N. J.

R. W. HARDY E. S. KOVAL

Essay Contest Winner

CONT EST W I N N E R Dr.Charles T. Horngren, center,flanked by Theodore W.Bonnevier, left, 196162chairman, Committee on Ro.search Planning, and Dr.Walter B. McFarland, man-ager of N M ' s researchstaff.

D R. CHARLES T. HORNGREN, Chi-cago, associate professor of ac-

counting at the Graduate School ofBusiness, University of Chicago, is thewinner of NAA's first Research EssayContest.

Dr. Horngren, a CPA who joinedthe Association in 1960, received hisaward in June at the Annual Confer-ence in Chicago. His essay on "Choos-ing Accounting Practices for Report-ing to Management" is published inthis month's SECTION 1.

The award winner is also the authorof "Cost Accounting: A ManagerialEmphasis," published by Prentice -Hallearlier this year, and, with J. A. Leer,co- authored "CPA Problems and Ap-proaches to Solutions," issued by thesame publisher in 1959. A graduateof Marquette University, he received aM.B.A. degree from Harvard Grad-uate School of Business and a Ph.D.from the University of Chicago.

Essays submitted in the contestcame in from literally around theworld. Of the 13 submitted, six werefrom outside the United States. Themost remotely situated writer is K.Murray Simpson, who lives and workson Tonga Island, a British protectoratein the South Pacific, east of the FijiIslands.

From India, an essay was submittedby S. Ganapathisubramanian, whoworks in the joint accounts offices ofHindustan Antibiotics, Ltd., in Pimpri.Four essays came from England.

NAA membership was not a pre-requisite to enter the contest. Dr.Horngren and Jack F. Holmes, Indian-apolis, were the only two Associationmembers submitting essays. However,all writers had to focus their manu-scripts on the subject, "Choosing Ac-counting Practices for Reporting toManagement."

15

t

16

JUSTASKHIM!

Many highly qualified men and women are not NAA mem-bers simply because they have never been asked to join.

Take a good look around you —at work and in your sociallife. You know many men and women who would benefit

greatly from and be valuable additions to the Association.Talk to them. Tell them about NAA —its activities, its publi-cations, its goals. You don't have to be a super - salesman. If

you think enough of NAA to be a member yourself, you

should be able to communicate your reasons for member-

ship to someone else. Try it! Just ask him or her! You'll be

amazed at the results.

(If you need help, just contact your Chapter or Accounting Group MembershipDirector. He not only will have some good ideas, but also has on hand agenerous supply of Membership Kits, a handy, pocket -sized kit assembled byNAA Headquarters to aid members like yourself in obtaining new Associationmembers. For Members -At- Large, the kits are available, upon request, fromNAA Headquarters in New York.)

N A A m e m b e rI n E p i a

E thiopia, fabled land of the Queen ofSheba, is home to an Association

member -at- large, Lawrence J. Staley,who is secretary- treasurer of EthiopianAirlines.

Mr. Staley, a native of Huntington,W. Va., previously held important fi-nance department positions with TransWorld Airlines, both in the UnitedStates and overseas. Ethiopian Airlines,wholly owned by the Imperial Ethio-pian Government, receives managementassistance from TWA.

Mr. Staley holds a Bachelor of Sci-ence degree in Business Administrationfrom Goldy College, Wilmington,Delaware. Married, with a married

daughter, he became an NAA memberin January, 1961.

Ethiopian Airlines was founded 16years ago by His Imperial MajestyHaile Selassie I, Emperor of Ethiopia.Since then the airline has flown nearly800,000 passengers a total of 386;848,000 revenue passenger miles. Itsinternational fleet consists of threeDC -613s and will receive two Boeing720B jets later this year.

The airline flies routes withinEthiopia, and south to Nairobi, Kenya;north to Cairo, Athens, and Frankfurt;east to Aden on the southern tip ofArabia; and west to Khartoum, capitalof Sudan. Due to the airline's growingbusiness, IBM electronically operatedcard punch machines, a sorter andtabulator have been installed by Mr.Staley and Jack B. Asire, generalmanager, at the airline's headquar-ters in Addis Ababa, Ethiopia's capital.

Much of Ethiopia is a vast plateau,with an average elevation of 8,000 feetand a number of mountains rising12,000 to 15,000 feet. Because of thisheavy terrain, the airplane is thequickest and most feasible method oftraveling or shipping goods. In addi-tion to its DC -613s, Ethiopian Airlineshas 15 C47's and Convair 240's thathop from 30 different points in thecountry itself.

The Empire of Ethiopia, includingEritrea, has an area of almost 400,000square miles and a population of 18million. Its southernmost tip is 250miles north of the Equator. It is one ofthe oldest kingdoms in the world, dat-ing from the 11th century B.C. andwas originally called Abyssinia.

17

,4wucal e?aot#wAce

;

GAVEL of silver and ivory is presented at theAnnual Dinner to Don G. Eder, 1961 -62 nationalpresident, by Harold W. Scott, past national presi-dent, in the photograph at the immediate right.BELOW, Jackson delegates and friends, (I. to r.):Tom Meaders, 1961 -62 chapter president and cur-rent national director; Edward J. Vaia, chapterpost president and past national director; ArthurB. Gunnarson, former national secretary and nowadvisory consultant to the notional board of di-rectors; William W. Wright, former Jackson mem-ber and currently national vice - president fromOrange County; George F. La Follette, currentchapter president; W. W. Littlejohn, chapter pastpresident and past national director; Mrs. Vaia,and Julius G. Underwood, Harrisburg, current no-tional vice - president. UPPER RIGHT, San Diegomembers and national officers, (seated I. to r.):John B. Bachofer, current national president; Mr.Eder; Rown Brinkley, national secretary, and Wil-liam H. Beadle, New York, 1961 -62 national vice -president. Ross Kingsbury, trophy- winning chapterpresident, is in the rear row, center, in a whitejacket. Colin Stillwagen, past national vice- presi-dent and currently a member of NAA's ExecutiveCommittee, is seated behind Mr. Eder. MIDDLERIGHT, Kansas City conference - goers, including

Ilk

President and Mrs. Bachofer. Mr, and Mrs. Brink-ley are seated at the far right. LOWER RIGHT,Members and wives from the conference's hostchapter, Chicago.

.

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N E W S

Emeritus Life Associates

Edward B. Clegg, Newark.Edward J. Dietrich, Milwaukee.Raymond J. Hannon, Albany.Edward W. Jones, Philadelphia past presi-

dent. Member, Stuart Cameron Mc-Leod Society.

C. F. Kaler, Raritan Valley .Franklin J. Koegler, Toledo.Lee F. Kollie, Los Angeles, Florida West

Central.Clarence P. Koplin, Lehigh Valley.Neil G. Lilley, Kansas City's first presi-

dent. Past national director.Maurice M. Lindsay, Boston.Robert J. MacLean, Pittsburgh.Homer L. Miller, Chicago.Edward L. Pitt, Cleveland.Edward K. Redfern, Pittsburgh.

Promotions and New Positions

John W. Rankin, Chicago, has beenelected vice - president of Year Book Medi-cal Publishers, Inc., Chicago. He retainsthe titles of treasurer and assistant secre-tary, and the office of director.

Frank J. Cerne, East Bergen- Rockland,has been promoted to manager of budgetsand audits at ITT Communications Sys-tems, Inc., Paramus, N. J .

Dale E. Buchner, Fox R iver Valley, wasrecently appointed controller of AuroraPump Div., New York Air Brake Co.

Donald Ross, Hartford, was recentlynamed comptroller of Colonial Board Co.,Manchester, Conn.

Harry H. Winternitz, Hawaii, has beennamed president of the Polynesian Hotelat Waikiki.

20

Frank Trestman, ;Minneapolis, has beenappointed controller and assistant treasurerof N APCO Industries, Inc.

Jerry Marcus, Morristown, has been pro-moted to controller of Rowe -AC Service,Inc., a division of Automatic Canteen Co.of America and has moved to Chicago.

. David S. Moffitt has been elected finan-cial vice - president of Lock Joint Pipe Co.,East Orange, N. J. He is a past nationaldi rector of N AA.

Roy Sandquist, Newark, has been ap-pointed controller of Bell & Howell Co.'sPhoto Products Division.

Ettore Barbatelli, New York past presi-dent, has been elected vice - president ofThe American Appraisal Co. He was ap-pointed Eastern regional manager at NewYork earlier this year. . George V.Fortune, also a New Yo rk past president,has been named financial vice - president ofthe American Foreign Insurance :1ssn.

Robert Schmidt, Northwestern Indiana,was recently elected secretary- treasurer ofReifers Furniture Co.

Frank Swarthwout, Oakland County , isnow comptroller of Cycleweld Division ofChrysler Corp.

Clinton Arbuckle, Oakland -East Bay, wasrecently promoted to Products Division con-troller with Kaiser Aluminum. . . . LebaronBartlett is now plant controller of the ButlerMfg. Co.

Kenneth Bowersox, Olean - Bradford, hasbeen appointed controller of Dresser Vac-uum Div., Dresser Industries, and will re-locate in the Boston area .

Jack E. Hart, Phoenix, is moving to Ana-

PAQA&-en&M U A a q R 1

AS OUR ASSOCIATION begins its 44thyear, one of my principal concerns

as president is how the Association canbe of better service to its 51,000 mem-bers. As members, we must ask our-selves how we can serve one anotherbetter, not only within the frameworkof our chapters and accounting groups,but at the national level as well.

In the chapter workshops, alreadyheld or to be held this year, the themeof "Service to Members" has beenbrought to the attention of chapterofficers and directors, new and old, tobetter acquaint them with the respon-sibilities of their offices.

The National Board, through itsseveral committees, is already consider-ing ways and means toward expandedmembership services.

A new chapter year has alreadybegun and with it the advent of animproved type of program for thetechnical sessions. Here an attemptwill be made to reach the varied inter-ests of a larger number of our mem-bers through a diversity of subjects andwith more group discussions. In thesesectional meetings, participation in thediscussions should enable those whoattend to enlarge their accountingknowledge by a wider exchange ofideas with others. Again, the purposeis greater .service to our present mem-bers.

The Association has nearly 2,000members who reside and work in more

than 60 foreign countries. These mem-bers are but a small portion of theaccountants in those countries whoshould receive the benefits of member-ship in our Association. Mindful ofthe objectives of those who foundedthe NAA, this year your officers anddirectors will take a hard look at theneed and demand for extension of ourservices to these areas. In this mannerwe would be bringing together morepeople interested in accounting andextending their knowledge of its prin-ciples.

While these and many other activi-ties are being pursued at the nationallevel, we ask you as members to takefull and complete advantage of themany opportunities available tobroaden your accounting knowledge.This can be accomplished through at-tendance at chapter technical sessions(especially by participation in the newchapter sectional meetings) andthrough the other media for educationat your disposal, such as the BULLETIN,Research Reports, and the severaltypes of conferences.

By an increase in your accountingknowledge, you will better serve your-self and the company for which youwork. And if you would better serveyour Association and your fellow mem-bers, you can do that also by activeparticipation in all chapter affairs.

John B. BachofeirSeptember, 1962

ChapterSection

MeetingsSERVICE To NAA members is being

expanded considerably with the in-stitution, this month, of Chapter SectionMeetings. These meetings are designedto serve members in their fields ofspecialization, while at the same timeproviding broad coverage of the man-agement accounting field through gen-eral chapter -wide meetings.

Under this new program, at leastfour regular monthly chapter meetings,to be held during the 1962 -63 year,will be broken up into smaller SectionMeetings. Members and guests at-tending these meetings will concen-trate their discussion on some area ofmanagement accounting of special in-terest to them — financial accounting,cost accounting, budgeting, systemsand procedures, and the like.

For all chapters except the largest,these meetings will be of the work-shop type, giving chapter members theopportunity to exchange ideas, ex-periences and viewpoints around atable under the guidance of an ex-perienced discussion leader. NAAheadquarters' educational staff is pre-paring over 90 one -page outlines onspecific topics for meeting use.

In addition, each chapter also willhave a program of general meetings.In four chapters — Cleveland, Dallas,Detroit and Erie —there will be fivesuch general chapter meetings, these

4

chapters having decided to hold sixSection Meetings in each area assignedto a technical committee. All otherchapters will have seven general chap-ter -wide meetings, plus four SectionMeetings.

Reports have now been received atNAA headquarters from all chaptersregarding their program plans for 1962-63. In each case, the chapter is appoint-ing from two to six technical planningcommittees, each committee to planand conduct at least four meetings inthe area of specialization assigned it.

In NAA's 171 chapters, over 500technical planning committees havebeen appointed. The over 2,000 mem-bers who are serving on these com-mittees, plus the discussion leadersand associate leaders for the individ-ual sessions, have been busy thissummer perfecting plans to make thisnew and expanded service of maximumvalue to chapter members. Based onthe interest shown in the returns in theMember Interest Survey, it is estimatedthat members in large numbers willwant to participate in the program.

The survey, which was the actualbeginning of the new program, wasmade a year ago when all chaptermembers were asked to report whichof 15 listed areas of accounting special-ization were of first, second and thirdinterest to them. One -half of themembers supplied the requested infor-mation and over 10 per cent of thosereplying indicated a willingness toserve on chapter technical planningcommittees to plan programs in spe-cific accounting areas. The informa-tion supplied by this member interestsurvey was summarized by chaptersand supplied chapter boards for use indeciding the areas to be covered intheir programs.

Annual Awards

Two companies, Rolls -Royce Ltd., andAtkinson Lorries Ltd., have been selectedto receive The Accountant Annual Awardsfor 1962. The Accountant is a weekly mag-azine published in London for chartered ac-countants. Each year 's awards are for re-ports and accounts presented at companyannual meetings held during the previouscalendar year. Rolls -Royce received theaward for larger companies and AtkinsonLorries the one for small firms. The awards,of equal rank, take the form of silver wallsconces specially designed with ancient andmodern symbolism depicting commerce andaccountancy, and are inscribed with thename of the winner.

Fore!

Over in Africa some of the native tribeshave the custom of beating the ground withclubs and uttering spine - chilling cries. An-thropologists call this a form of primitiveself- expression. Over here in America , wecall it golf! Toledo Newsletter

Weiss Named Vice-President

Arthur Weiss, Chicago, has been namedvice - president of the Systems & ProceduresAssociation. He is a partner, Altschuler,Melvoin & Glasser, Chicago. The associa-tion recently moved its national headquar-ters from Detroit to Cleveland and namedRichard L. Irwin of S t. Louis as executivedirector. SPA is holding its 15th annual In-ternational Systems Meeting in Boston onOctober 29 -31.

Indirect Costing

A certa in organization saves an estimated$5,000 a year on the cost of typewrit er r ib-bons and carbon paper by storing them atleast 50 feet away from the secretaries.

Orange County Orange Peal

Exemption

The man who doesn't smoke, drink ordrive a car must feel awfully guilty aboutnot carrying his share of the tax load.

Oakland -East Bay Nacorn

"Our spe aker for this everting needs no in troduction .He didn't show up."

LOOK Magazine

23

MANAGEMENT ACCOUNTINGFOR THE NON - ACCOUNTING

EXECUTIVENAA Seminar Conference

October 11 -12, 1962Statler-Hilton Hotel

Cleveland, Ohio

Non - Accounting Executives — both members and non-members of NAA — are specially invited to attendthis conference which has been designed to giveusers of accounting data a better understanding ofthe information supplied by the accountant.

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - iREGISTRATION FORM

Name

Positi

Company.

City

(Registration Fee $80)

Bill Company Bill Me

Company Check Enclosed ❑ Personal Check Enclosed

MAIL TO: NATIONAL ASSOCIATION OF ACCOUNTANTS505 PARK AVE., NEW YORK 22, N. Y.

L - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -