Robert Minnear, manager in the Atlanta office, is well
versed in the retail field. A graduate of Ohio State University,
he joined the Dayton office of TRB&S in 1953
and transferred to Atlanta when that office was opened
Mr. Minnear is currently serving as secretary and member
of the Executive Committee of the Altanta Chapter of
the Georgia Society of CPAs and is a member of the
Board of Governors of the Atlanta Chapter of the Institute
of Internal Auditors. He is married and has two
ETAIL ACCOUNTING is moving forward in new and
diverse directions to meet today's needs. The past few
years have witnessed impressive developments in computers
adaptable to the needs of retailers. New second and
third generation computer systems have come within the
reach of many more retail organizations. Point-of-sale
recorders, on-line-real-time systems and optical scanning
devices all loom large on the horizon. But not all of the
new developments in retail accounting are confined to
electronic data processing. Late in 1962 the Controllers'
Congress of the National Retail Merchants Association
published the Retail Accounting Manual. This book contains
new thinking in the areas of expense classification,
management reporting, departmental operating statements
and branch store accounting.
The purpose of this manual and its predecessors is the
development of a uniform accounting system applicable
to all retail enterprises. Since such a system must be adaptable
to the management information requirements of individual
stores, the need for flexibility is paramount. On the
other hand, there must be sufficient discipline to insure
comparison of results among the various stores using it.
The system does not require of the stores uniform policies
or procedures. It is not an attempt to standardize the store.
The only standardization is in the measurement of the
results of store operations.
30 THE QUARTERLY