Indianapolis Times, Indianapolis, Marion County, 12 May 1939 — Page 32

PAGE 32

ACCOUNTANTS OF STATE OPEN 2-DAY SESSION

Butler President Welcomes Group: Baerncopf Gives Talk on Training.

The annual two-day meeting of the Indiana Association of Certified Public Accountants, sponsored by the Butler University college of business administration, opened totay at the Fairview campus J. W. Putham, University president, gave the address of welcome after Dr. M. G. Bridenstine, session chairman, opened the ©. C. Herdrick, Association president, responded and explained the purpose of the accounting clinic held in conjunction with the meeting.

spoke on “Training of the Young Accountant,” and Hemy

cago business administration school dean, led the sectional discussion In a speech on “Accounting Principles,” Lewis Ashman of Chicago, vice president of the Amerfecan Institute of Accountants, said that conservatism, consistency and sufficient disclosure guided the representative practicing accountant. “The various rules,” he said, “for the valuation of assets, the inclu-

sion of liabilities, the determina- |

tion of net income, and the preparation of financial statements are nothing more than the practical application of these three basic pri ciples.” Consistency obviously refers to an uninterrupted policy of dealifg with problems of valuation in order that the income of any given period may not be distorted “The third principle, sufficient disclosure, is the golden rule of accountancy Its observance requires the furnishing of information adequate to acquaint the reader with matters of importance which otherwise would not come to his notice.” Other speakers today included G. F. Detmer of Ft. Wayne, vice president of the association: E. E Thomas, Evansville. association director: Alva Prickett, Indiana®University accounting professor; M. O Ross. Butler University business administration dean, and E. P Brennan, State Accounts Board chief examiner.

meeting. |

J. B. Baerncopf of Indianapolis |

T. Cham- | berlain, Lovola University of Chi-|

Speaker Today

J. B. h Basiueop!

AURORA PHONE MAN

HEADS STATE GROUP

R. V. Achatz of Aurora was elected president of the Indiana Telephone Association at the close of the 20th annual convention at the Claypool Hotel yesterday. Other newly elected officers include W. H. Van Horn of Logansport, vice president; R. D. Pontius of Rochester, second vice president; W. H. Beck of Indianapolis, reelected secretarv-treasurer, and M F. Hosea of Indianapolis and Lamar Stoops of Nappanee, directors Holdover directors include J. F Carroll, Indianapolis; John Harbaugh, Sullivan; V. W. Robinson, Winchester, and S. H. Van Horn Logansport. The more than 400 delegates representing more than 300 state telephone companies voted to hold their 1940 convention in Indianapolis

Wise Protection

Many people feel that they are wisely protecting themselves by deciding in advance that they will call us to serve,

ETT ale 2H 2 LINONS of TT { 7

H 1 UNION ST TALBOT S562 {LINCOLN 19588

22 AT INFIRMARY

PUT ON PENSIONS

Twenty-two aged persons have been removed from the Marion County Infirmary at Julietta and

| placed on pensions, Thomas L Neal, |

Marion County Welfare Director, announced today. Their removal is part of a social study being made at the Infirmary | to reduce the rolls. Fourteen more |

‘will be taken from the home and | |given old-age assistance. be placed in private homes, Mr. Neal

said. Many of those remaining in the Infirmary are not eligible for oldage assistance, he said.

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NORFOLK, VA. May 12 (U.P) —|

'1t was fortunate for Arthur Holland, |

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suit. rr ———————

‘BETTER LATE THAN NEVER’ LUMACA, N. Y., May 12 (U. P.) =| Maj. Jack Barnes was reported to-|

|day as ready to contest the election | this week in which he failed of re-| election—on grounds it was held al |

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