3-Honorary Members

4-Officers and Executive Committee

5-Committees to Report to Forty-second Convention

xiv

XV

3-Report of the Committee on Uniform Classification

of Accounts WILLIAM SCHMIDT, JR., Chairman

4-Report of Committee on Cost Accounting and

Statistics A D SPENCER, Chairman

5-Report of Committee on Commission Accounting

Rulings HE ADDENBROOKE, Chairman

6—Report of the Committee on Accounting Education

H B LOHMEYER, Chairman

Discussed by DOUGLASS BURNETT

H M EDWARDS

PAUL R JONES

Baltimore

New York

New York

7-Report of Committee on Accounting Service to

Member Companies and the Monthly Bulletin

FREDERICK SMITH, Chairman

22222

Portsmouth, NH 46

New York

Joplin, Mo

Monroe, Mich

FRANKLIN L HALL

WILLIAM SCHMIDT

PAUL R JONES

8 The Importance an Efficient Accounting Depart-

ment is to a Business W BS WINANS

9-Bonus Systems

Discussed by PAUL R JONES

51

56

SECOND SESSION-WEDNESDAY, MAY 21, 1919

1-Report of Committee on Operating Records

CA WHITE, Chairman

63

3-Report of Committee on Customers' Records and

Billing Methods HC SCHLEGEL, Chairman

115

5-Establishment and Growth of the Ordnance Finance

Section LIEUT-COL HERBERT A GIDNEY

160

6-Report of Nominating Committee

H M EDWARDS, Chairman

180

to Commissions

7-Report of Committee on Form of Annual Reports

8 Theoretical Depreciation GEORGE N WEBSTER

INDEX TO AUTHORS

ADDEN BROOKE, HE Report of Committee on Commission Accounting

Rulings

The Committee hopes to be helpful in establishing consistency in

the application of accounting principles, having in view the decisions

of Public Service Commissions relating to accounting. It is endeavor-

ing to obtain a classified list of all Commission accounting rulings.

The Committee recommends that the subject of cost of issuing bonds,

notes and obligations, and discount in connection therewith, should be

given most careful consideration; similarly, that the subject of depre-

ciation be given more study from an accounting point of view, par-

ticularly owing to the importance attached to this subject by the

Internal Revenue Department. The Committee suggests that study

should be given to the subject of reserves for replacements, sinking

funds, etc.
25

GIDNEY, LIEUT-COL HERBERT A Establishment and Growth of the Ord-

nance Finance Section

JONES, PAUL R Address of Chairman

LOHMEYER, H B Report of Committee on Accounting Education

160

2

Report covers work of Committee in preparing Accounting Educa-

tional Courses, and urges the necessity of proper education of em-

ployees.
27

LOH MEYER, CAPTAIN H B Motor Transportation in the US Army

This address deals with the operations of the Motor Transport

Corps, U. S. Army, covering particularly the maintenance of motor

equipment at the base shops and in the field, together with an outline

of the accounting and shop production control system used in the

shops upon which Mr. Lohmeyer was engaged while a captain in the

service.

81

The address was illustrated with stereopticon views.

MEYERS, W J Report of Committee on Form of Annual Reports to Com-

missions

The report relates the failure of an effort to secure the aid of

the National Association of Railway and Utility Commissioners in
obtaining a reduction of the burdensome requirements of annual report
forms prescribed by Public Service Commissions, and gives in detail
the resolutions adopted by the Executive Committee of the Accounting
Section and sent to the Commissions, emphasizing the necessity for
relief. It calls attention to the fact that the Commissions are much
more responsive to representations made by the citizens of their
respective States than to those made by representatives of an asso-
ciation composed largely of citizens of other States, and urges that
the companies of each State actively interest themselves in this matter
if they desire relief.
183

SCHLEGEL, H C Report of Committee on Customers' Records and Billing

Methods

The report deals with the importance of maintaining an efficient

clerical force, and emphasizes the need of providing ways and means

for their advancement and education. It reproduces a number of

representative Ledger Forms, and reviews a system which eliminates

the ordinary Customers' Ledger for the major portion of monthly

transactions.

A brief description is given of the method of typewriter billing

and posting, and reference to Bi-Monthly and Quarterly billing is

made.
115

SCHMIDT, WILLIAM JR Report, of Committee on Uniform Classification of

Accounts

11

SMITH, FREDERICK Report of Committee on Accounting Service to Mem-
ber Companies and the Monthly Bulletin

Report covers service rendered by the Committee through its
State Representatives to Member Companies in solving general ac-
counting problems other than those dealt with by the standing com-
mittees.
35
SPENCER, A D Report of Committee on Cost Accounting and Statistics
The Committee, which was organized to prepare a uniform system

of cost accounting based on the Standard Classification of Accounts,

believes that the compilation of such a system at the present time

would be premature, as the Uniform Classification has not been widely

adopted, and as such a cost accounting system involves basic principles

about which there is wide difference of opinion. The Committee sug-

gests that it limit its scope to the study of principles and methods of

cost accounting, without attempting to compile a detailed standard

cost accounting system at present.

23

STEVENS, W F Report of Committee on Purchasing and Storeroom Ac-

counting

The report covers the following topics:

Keeping Stock Records by Bookkeeping Machines—a system de-

vised for reducing clerical errors of stock record by means of Fisher

Billing Machines.

Employment of Women in Stock Rooms in Place of Men—a de-

tailed description of an expedient brought about by the war, with

special reference to a suitable costume designed for women in such

work.

Improved Method of Storing Barrels-outline of a system for

piling oil barrels in order to save injury and economize in floor space.
Hoist Attachment for Trucks-describing a new development in
transportation equipment.

Drop Frame Semi-Trailer for Heavy Machinery-an improvement
in connection with moving heavy apparatus.

Baling Machine for Copper Wire and Cable-explanation of an
improved method of handling copper after the insulation has been
burned off.

Cable Stripping Machine-showing some advantages over the
hand method of stripping.

WEBSTER, GEORGE N Theoretical Depreciation

WHITE, CA Report of Committee on Operating Records

132

191

The report covers a standard set of forms to be used in connection
with the standard uniform system of accounting for transportation
work of central station companies aas reported to the 1917 convention
by the 1916 and 1917 Operating Records Committee.

As the forms submitted were designed for universal adoption, it
is recommended that the Association print these forms in quantities
in order that member companies can purchase them at minimum cost.
The report gives fifteen forms for general adoption, with full
explanation as to their use.
63

WINANS, W BS The Importance an Efficient Accounting Department is

to a Business

51