Key To Accounts And Accounting Practice Classic Reprint

Author : Clarence Munro Day
Publisher : Forgotten Books
ISBN 13 : 9780265154274
Total Pages : 328 pages
Book Rating : 4.1/5 (542 download)

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Download or read book Accounting Practice (Classic Reprint) written by Clarence Munro Day and published by Forgotten Books. This book was released on 2017-10-11 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Accounting Practice The idea prevalent some years ago, that an accountant was sim ply a bookkeeper out of a job, has long since been dispelled. To - day the business has attained a high standard as a profession. To check a set of books, and simply verify the clerical accuracy of the work, is not auditing in the true sense of the word. There are methods requiring little work which make such checking unnecessary. The accountant, while he understands bookkeeping, is more than a bookkeeper. He must be capable of dealing with the difficult prob lems of business and he must know how to interpret the intricacies of affairs so that a layman can comprehend and be guided by his observations. The accountant must know theory in order properly to understand his business; but a man able and proficient in theory is not necessarily a competent accountant. He must acquire practice by actual experience, in order to develop ability as an accountant; for it is the art of applying theory in practice which makes the theory valuable. In the natural order of things, we learn from the experience of others, and the advantage each generation has over the preceding one lies in the knowledge gained by the experience of the preceding gen cration. The business of accounting has developed so rapidly that the ref erence books, essential to the business as a profession, have not kept pace; consequently the books available are not on a par with the ref erence books of other professions. For many years, it has been the duty of the author to supervise the work of others, and during his experience he made notes of the best methods under his observation. These notes have been valuable for reference, and the many requests from prominent accountants for access to the notes have influenced the author to publish them. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.