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THE idea that certified public accountants need to have an interest in accounting as the chief instrument which they employ in their work is not prompted by sentiment alone. A desire for economic survival and preeminence, whether secretly cherished or openly admitted, probably is the principal motive. Whatever the motive, the idea will avail little unless it is put to work. Accounting theory and practice, like the accountancy profession, has evolved without much guidance, or organized planning. Too often those who have pondered the subject of accounting and formulated its theory have not been entirely familiar with the practical side. Those engaged in practice have had little time, or use, for theory. Sporadic efforts to correlate theory and practice have not been noteworthy in the results achieved. There is a medium, however, through which combined force may be applied in putting into practice the idea of developing accounting. That medium is the professional society. The assertion that every accountant in the professional field should be a certified public accountant scarcely can be challenged. If the greatest good is to be accomplished by organized effort, it does not seem too severe or arbitrary to suggest that every certified public accountant should be a member of a state society. The state societies, through their technical committees and technicals sessions, constitute a means whereby accountants may manifest their interest in accounting. Further, these societies offer an opportunity for research, for thought, for discussion, for education, and for concerted action in matters relating to accounting and accountancy. Individual thought, even that of a genius, does little good unless it is communicated. Individual effort makes little progress unless it is combined with that of others. A good idea gains momentum only as it is seized and passed along by one group to others of larger proportions. Accounting principles, in order to stand up against practical contact with other forces whose representatives have different points of view and modes of thought, need the united support of the accountancy profession. Perhaps no better words to express the situation can be found than those in which an analogy was stated recently by Mr. Charles W. Appleton, vice-president of the General Electric Company, before the 44th Annual Meeting of the Association of Edison Illuminating Company, in an address on "Our Mutual Interests in Research Engineering," to wit: "But nature so endowed man that he might be able to cope with and overcome the onslaught of all the other forces hidden in its bosom, and of all its gifts, the greatest was the God-given faculty of organization, association, and cooperation with his fellows." Organized Thought ATLANTA BALTIMORE BIRMINGHAM BOSTON BUFFALO CHARLOTTE CHICAGO CINCINNATI CLEVELAND DALLAS DENVER DETROIT JACKSONVILLE KANSAS CITY LOS ANGELES MINNEAPOLIS NEWARK NEW ORLEANS NEW YORK PHILADELPHIA PITTSBURGH VOL. XII HASKINS & SELLS CERTIFIED PUBLIC ACCOUNTANTS BULLETIN EXECUTIVE OFFICES 16 BROAD STREET, NEW YORK NEW YORK, JANUARY, 1929 PORTLAND PROVIDENCE SAINT LOUIS SALT LAKE CITY SAN DIEGO SAN FRANCISCO SEATTLE TULSA WATERTOWN BERLIN LONDON MANILA PARIS SHANGHAI HAVANA MEXICO CITY MONTREAL No. 1
Object Description
Title |
Organized thought |
Author |
Anonymous |
Subject |
Accounting as a profession |
Citation |
Haskins & Sells Bulletin, Vol. 12, no. 01 (1929 January), p. 1 |
Date-Issued | 1929 |
Source | Originally published by: Haskins & Sells |
Type | Text |
Collection | Deloitte Digital Collection |
Digital Publisher | University of Mississippi Libraries. Accounting Collection |
Date-Digitally Created | 2009 |
Identifier | HS Bulletin 12-p1 |