More new CPAs;

              Summary
The responsibility for providing more rapid dissemi­nation
of critical financial information is properly
placed on the financial executive. The key to discharg­ing
this responsibility is adequate administrative plan­ning.
Some of the techniques to support this planning
have been discussed and their use can be of benefit
in implementing the decision to speed up closings.
Two distinct objectives emerge as primary consid­erations.
First is the need for advising management, on
a timely basis, of those facts needed for intelligent
decision making. These may include budget variance
reports, flash reports of sales, costs, profits and re­lated
performance statistics and other pertinent data.
More New CPAs
Boston — Louis S. Carmisciano, Angela F. Fiorelli, Lewis
P. Gack, James B. Karter
Chicago — Chris Bohus, Robert Callaghan, Thomas
Floyd, Ronald George, Al Haight, Robert Rohleder,
Russell Zimmerman
Dayton-James A. Clark, David E. Grayson, Kenneth E.
Steinke, Ginita Wall, David L Watts
Detroit - Raymond S. Camilli, Peter A. Cartwright,
James M. Edgar
Grand Rapids — Kenneth J. Horjus, Everett A. Veldman
Houston — Larry J. Arnie, William R. Cox, Gary L. Duke,
Sharron E. Potchernick, Gary K. Ryan, Rayford H.
Trammell
The need for extreme accuracy is not as great for
these internal reports, and a two-phase closing pro­cedure
can be adopted to provide more accurate data
in a relatively short time after the end of the period.
The second objective is the formal closing of the
books and the preparation of detailed financial state­ments
for internal use as well as for stockholders,
governmental bodies, etc. Accuracy is paramount as
these become the official historical records of the
company; nevertheless, constant effort must be made
to speed the ultimate closing while maintaining the
accuracy of recorded data. This can best be achieved
by administrative planning in the development of the
management information system.
Memphis— William R. Hill, Frederic B. Kesselman, Roy
Thurmond, Jr.
Newark— Daniel Friedenreich
New York-William C. Boettger, Daniel Friedenreich,
Grant W. Gregory, Leon Kurland, Steven J. Leifer,
William M. Skehan.
Pittsburgh - James R. Allen, Joseph M. Hatalla, Robert
H. Williams, Ronald W. Wurthner
Portland — Thomas Nelson
St. Louis— Philip J. Degnan, Jr., Gary F. Echols.
San Francisco — Robert Brandenburg, Gerald Cunha,
Manny Haber, Charles Kenney, David Tyler
Seattle — Thomas Douglas, Donald P. Heffernan, Mel-vyn
R. Kays, Larry N. Morrow
8 THE QUARTERLY