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NOAID A I I IB U L L E T I NApril1958111 z1419 SIn Two SectionsSection 2In t he NewsNew Chapter Established in California3Boston Regional Conference Detailed7Conference News8Chapter Photos16In the Public Eye5Congratulations ToIIChapter Technical Programs17Chapter Competition15
N.A.A. BULLETINVolume XXXIX, No. 8April, 1958(6Publirbed by NAT IONAL ASSOCIATION OF ACCOUNTANT SFounded 1919 as THE NATIONAL ASSOCIATION OF COST ACCOUNTANTS505 PARK AVENUE, NEW YORK 22, N. Y.BULLETINBOARDChanging Trends in Depreciation MethodsIn Section 1 for this month, members will find a digest of a new N.A.A.research report entitled "Current Practice in Accounting for Depreciation." This report shows a strong trend away from straight line depreciation among the fifty-five companies participating in the study. Whilethis is perhaps not surprising in view of the tax advantages of decliningcharge depreciation methods, it is interesting to note that many of thesecompanies feel that the same methods give more realistic product costsfor internal purposes. Also evident is the opinion that current depreciation charges should provide purchasing power equal to that possessedby the dollars originally committed to depreciable assets.In order to be significant, a research study must be focused upon atopic narrow enough to permit thorough investigation. The findings fromany one study are necessarily specialized in their appeal. While a member is entitled to receive, without charge, one copy of each researchreport issued during his term of membership, N.A.A. research reportsare mailed only to those who request them. This policy enables theAssociation to use for more research, funds which would otherwise be:spent for printing and mailing reports to members who are not interestedn some of the topics studied. For example, some 18,000 of the 40,000members requested the last report (Accounting for Labor Costs andabor- Related Costs) issued in November.Within a few days members will receive a separately mailed postcardannouncing availability of the new report on depreciation. Memberslvho wish to receive a copy of the report need only sign and mail thepostpaid return section of this card.This Bulletin is published monthly by the National Association of Accountants, 505 Park Ave., NewYork 22, N. Y . Subscription price, 10 per year. Reentered as second -class matter September 22, 1949,at the Post Office, New York, N. Y., under the Act of March 3. 1879.N.A.A. BULLETIN, Formerly N.A.C.A. BULLETIN, Vol. XXXIX, No. 8, April, 1958
N.A.A.'s 134th Chapter Established in Californiafor twenty -fiveF years, inquiries have beenmade fromROMTI M ETOTI M Eof the chapter and to secure provisionalmembership applications.members living in the Sacramento areaTheir plans met with quick success, andabout the possibilities for establishing a on January 25, the National Board ofchapter to serve the many business enter- Directors approved the granting of aprises located there. It wasn't until about Charter of Organization to the Sacramentotwo years ago, however, that interest in Chapter. The charter was presented at aa new chapter really became enthusiastic. special ceremony on February 26 at theDuring the succeeding months, plans to Lanai Restaurant, Sacramento. Nationalorganize a chapter progressed, an indus- Vice President Donald G. Eder made thetrial survey was made and the Executive presentation to Edward E. Mills, who hadCommittee of the Association at its meet- served as Chairman of the Organizationing on December 13 authorized the Sacra- Committee and will serve as the first Presimento members to proceed with their dent for the group. Eighty members andplans to complete a petition for formation guests, including National Vice PresidentSacramento Chapter's Charter of Organization gets an inspection from four N. A. A. members who figuredprominently in the evening's proceedings. Shown above left to right, are Morey Pape (Past National VicaPresident from San Francisco), Don J. Eder (current National Vice President from Youngstown), Ed Mills,(Chairman of the Organization Committee and first President of Sacramento Chapter), and "Buck" Rogers(current National Vice President from Los Angeles).APRIL,19583
Leslie Rogers from Los Angeles Chapterand the presidents of the Oakland -EastBay and Peninsula -San Jose Chapters, attended the affair to wish the new chaptersuccess and to participate in the ceremonies. Moritz E. Pape, former NationalVice President from San Francisco Chapter conducted the election of officers anddirectors to serve the remainder of thisyear and next year. Elected were thefollowing:OfficersPresident — EDWARD E. MILLS, Sacramento Air Materiel Area, SacramentoVice Presidents —JOHN FuNARo, StateDept. of Finance, State Capitol Bldg.,SacramentoBENJAMIN LAZARO, MOSS & MOSS,Realtors, SacramentoTreasurer —JOHN FINNSTROM, StateAuditor General's Office, SacramentoSecretary —MRS. MARY M. SNEDDEN,Capitol Office Equipment Co., SacramentoDirectorsEmploymenl—ELMER L. HOMMEL,Geo. W. Reed, General Contractor,SacramentoMeetings— EUGENE C. SHUBERT, Sacramento Air Materiel Area, SacramentoMember Attendance — HAROLD BLUCH-4ER, Mather Air Force Base, SacramentoMembersbip— WALTER G. HEMIG,I.B.M., SacramentoProgram— MERRELL W. SKEELS, SaCramento State College, SacramentoPublications —L. L. APGAR, Johns Manville Products Corp., StocktonPublicity —J. A. WHITTEMORE, Sacramento Air Materiel Area, SacramentoEducation — ROBERT N. STARK, Bradford, Cross, Dahl & Hefner, SacramentoNewsletter —FRAN S. CURRIER, TheNatomas Co., SacramentoThe territory covered by the new Chapter includes Sacramento, Stockton, Marysville, Yuba City, Woodland, Roseville,Auburn, Placerville and several othergrowing communities. Several hundredthousand people live in the area. Majorindustries include aircraft, propellants,containers, packing, canning and foodprocessing, missiles, mining, detergentsand paper products. Sacramento is alsothe capital city of California, and theheadquarters for large military installations. Industry is becoming increasinglyattracted to the area, and its growth potential is favorable.The Sacramento Chapter begins its operations with 106 charter members.N.A.A. BULLETIN
IN THE PUBLIC EYEAkron's R. C. Taylor spoke before the Pittsburgh Control of the Controllers Institu teof America on "Management Auditing.". Pau l J en k in s serves as Associate Chairman of the American Management Association Seminar meeting on Cost Accounting.Albany's Robert S. Brumagin was appointedchairman of the Advisory Committee tothe Mayor of the City of Amsterdam,N. Y.Baltimore's H . W . Werkmeister was elected aDirector of the Central Credit Union ofMaryland. . . . George W . McBride wasnamed Chairman of the Supervisory Committee of the Central Credit Union ofMaryland.Baton Rouge's Elxy McCullough served asProgram Chairman of the recent LouisianaState University's Computer Conference.Bob Va n Voorhis was Chairman of oneof the sessions at this Conference.Birmingham's Don Brabsion spoke at the University of Ala bama u nder the a uspices ofBeta Alpha Psi. His topic wa s "T he Effects of Electronics Computer Installationson Auditing Techniques."Ce dar Rapids' John Tuth ill has been appointed Chairman of the Investment Committee, Vice Chairman, Executive Committee, and a member of the Bu dget Committee of the Public Welfare Bureau ofthe Chamber of Commerce.Chicag o's C. L. Richardson addressed theMichigan Chapter of the National Machine Accountants Association on the "Useof Ma chine Accounting Equipment to Facilitate Prepa ration of Timely Reports."Columbus' Bill Dickerson addressed the Columbus chapter of the Women's AccountingAssociation on "Reporting Travel and Entertainment Expenses for T a x Purposes."Paul Langdon is now President of the Colu mb u s B oa r d of E du c a t io n. . . Jim McCoy was elected Chairman of the 1958Conference of the Ohio College Accountin g T e a c he rs C on fe re nc e. . . Dan Shonting spoke on "Da ta Processing and Accounting" at the Ohio College Accounting 'Teachers Conference.Dayton's Vin c e nt P. Blair was named to theGeneral Motors Dayton City Plant ComA P R I L , 1958m i t t e e . . . . Reub en W. Brown was electedto the Boa rd of Governors of the Mia mi Shelby County Ohio State UniversityAlumni Club for 19 58.East Toonessee's R. M. Reynolds was namedto the Boa rd of Directors of Palmer Memorial of the Tennessee - Virginia CerebralPalsy Center, Inc., and Hope Burton waselected Treasurer of Palmer Memorial.Hampton Roads' H. E. Eisenbeiss has beennamed to the T axa tion Committee of theInstitute of Newspaper Controllers andFinance Officers.Indianapolis' John Harrington was reappointedto the Sta te Legisla tive Committee of theAmerican Institute of Certified Pu blic Accountants.Kansas City's H. M. Stiller was the principalspea ker before the meeting of the Kansa sCity Chapter of the Nationa l Machine Accountants Association. His topic was "Auditing Requirements for Mechanized DataProcessing Systems."Louisville's John Guthrie has been electedMa yor of the City of Beechwood Villa ge. J. Pry or Wise was appointed a member of the Zoning Commission of the cityof St. Matthews.Milwaukee's Fred Anderson addressed theSmall Business Institute on "OperatingStatements." . . Al la n C . Cr a n e spoke atMarquette University on "Capital Expenditures Controls."Minneapolis' Cliff Grease spoke recently on"T he Role of Accou nta nts a nd CPA's" a tthe University of Minnesota Law School.Ne w Haven's Edward Petze was appointed tothe History Committee of the AmericanInstitute of Certified Public Accountants.New York's Theodore Lang is a Visiting Professor at the Eliezer Kaplan School of Economics and Social Sciences —The HebrewUniversity, Jerusalem, Israel. . . . Wilso nSeney spoke before the annual nationalconference of the Controllers Institute ofAmerica. His topic wa s "Ma ximizing theMarketing Dollar." . J o h n A S e n g sta c kwas elected a Vice President of the Association of Consulting Management Engineers,Inc.
Northern Wisconsin's George Kalcik was thechairman of the Vetera ns Committee su pporting construction of a new arena inGreen Bay.North Penn's Elsner A. Munro was re- electedCouncilman of the Borough of Conshohocken. Lester G. Robinson wasnamed Auditor of West Norriton Township, Montgome ry Cou nty. Geo rg e W.Jackson was the guest speak er a t the Veterans' Day dinner at the Trenton Industrial Management Club in Mercerville,N. J. His topic was "Practical Budgeting."Peninsula-Son Jose's Ken Rickey spoke at theAmerican Management Association seminar in Los Angeles on "Long Ra nge Planning as a Key to Short Range Budgeting."Ozzie Nielsen addressed the SanFrancisco Internal Auditors Society on"Significance of Variance Analysis."Peoria's Dave Covey was elected a director ofthe American Society of Insurance Management, Inc. . . . Roy Anderson wasnamed a director of the newly charteredIllinois Cha pter of the Municipal FinanceAssociation.Philadelphia's Ray Graichen recently spoke atTemple University on "Federal IncomeCax and Estate Tax Problems FacingSmall Business," and at the Stradley Ta xLuncheon on "Depreciation and NationalOffice Polity." Mr. Graichen also addressed the 16th Annual Institu te on Federal 'Ta xa tion meeting at New York University on "T he Net Corporate Loss."Portland's D. L. Caldwell serves as VicePresident of T he Portland Control of theControllers Institute of America, wherehe is also Chairman of the Program Committee. Willia m Matthies was appointed Membership Chairman for theState of Oregon of the American Accounting Association.Providence's Herb Hansonof the Bowdoin CollegeIsland. Fay HaysVice President of theClub.is now PresidentAlumni of Rhodehas been electedClassical RoosterRacine Kenosha's Kermit Boldig has beenelected for a two -year term to the Boardof Directors of the Printing Industry ofAmerica. Joe Mitbus addressed theRacine Association of Industrial Purchasing Agents. His topic was "Interdepartmeet Control."Reading's Irwin B. Hoxworth was named aDivision Leader ofUnited Fu nd Drive.the Reading -BerksSabine's D. G. Streater was elected Chairmanof the Calcasieu United Appeal for1958 -59.Saginaw Valley's Ralph O. Ziegler wasnamed to the Committee on GovernmentContracts of the National Association ofManufacturers.St. Louis' E. A. Paradoski was a panel memberat the National Convention of the UnitedCerebral Palsy Association held in St.Louis. Mr. Paradoski is the immediatePast President of the St. Louis organization a nd a board member of the Nationa lAssociation.Salt Lake City's Larry Patane served as ForumChairman of the second meeting of theTax Forum held at the University of Utah.Frank Burke spoke at a meeting ofthe Salt Lake Chapter of the Institute ofInternal Auditors on "Uranium Accounting."Scranton's Joe Zampano has been electedPresident of the University of ScrantonStudent Council— Evening Division.Shreveport's W . E. McReynolds has beenelected President of the Toastmasters Clubof Longview. Harvey Pirkey waselected Treasurer of the Shreveport Chamber of Commerce.Syrac use's Bill Katz was elected Treasurer ofthe Central New York Chapter of theInstitute of Internal Auditors, and BillMotherwell has been named Vice President of that chapter. Willard K.Ghent has been named Chairman of thenewly appointed City Planning Commission of Cortland, N. Y.Tulsa's King Smith is serving this year as Progra m Chairma n of the Annual Conferenceof Accounta nts a t the University of T ulsa.Washington's A. W. Bo rd ne r authored an article entitled "Appropriations and Funds"published in the December issue of theFederal Government Accountants magazine. . . .Worcester's E. M. Hicks was named Secretaryand Treasurer and member of the Boardof Directors of the Worcester Cha pter ofRed Cross. Mr. Hicks was also nominatedVice President and a member of the Executive Committee of the Worcester Community Chest.N.A.A. BULLETIN
Technical ProgramBoston Regional ConferenceHOTEL STATLERAPRIL 18 -19, 1958PROGRAM CHAIRMAN: M. R. ODERMATT, Seaplant Corp., New Bedford, Mass.—FRIDAY MORNING, APRIL 18 —SESSION CHAIRMAN: ALLAN SPURR, Arthu r D. Little, Inc., Ca mbridge, Ma ss.OUR CO MPANY'S APPR OAC H T O COS T C ONT ROL AN D R EDUCT I ONRaytheon Manufactu ring Company, Wa ltha m, Mass.—FRIDAY AFTERNOON, APRIL 18 —SESSION COORDINATORS F. LYNDON TRUEWORTHY, Eastern Corp., Bangor, Me.Seven Groups Meeting Concurrently1. Organizing for Systems Work in the Larger CompanyDiscussion Leader: H. P. FOWLER, J. P. Stevens & Co., Inc., No. Andover, Mass.2. Systems and Procedures Work in the Smaller CompanyDiscussion Leader: D. S. MOFFIT T, The Connecticu t Ha rd Ru bber Co., New Ha ven, Conn.3. Developing Budgets in the Larger CompanyDiscussion Leader: S. Z. BONNER, Bridgeport Brass Co., Bridgeport, Conn.4. Budgeting in the Smaller CompanyDiscussion Leader: E. J. COSSET T E, JR., Knu st, Everett & Cambria , Hartford, Conn.S. The Accountant's Role in Industrial InsuranceDiscussion Leader: R. P. WAYNE, Liberty Mutu al Insu rance Co., Boston, Ma ss.6. Pro's and Con's of Direct CostingDiscussion Leader: G. A. RAWCLIFFE, Dixon Corp., Bristol, R. I.7.The Young Accountant —His Opportunities and ResponsibilitiesSpeakers:W . J. SMIT HS. C. BRACKETTStowe - Woodward Inc.Newton Upper Fa lls, Ma ss.Wa lter Ba ker Div.,General Foods Corp.,Dorchester, Mass.—SATURDAY MORNING, APRIL 19 —SESSION CHAIRMAN: PAUL S. FERGUSON, Geo. C. Moore Co., Westerly, R. I.T HE DEPRECIAT ION DILEMMASpeaker: FRED J. SENGSTACKE, Scovell, Wellington & Co., New YorkA P R I L , 1958
CONFERENCE NEWSBirmingham and Detroit Regional Conferences Completed . Year's Final RegionalConference an April Event in Boston . Program Participants and Topics Announcedfor Annual Conference.HEASSOCIATION'ST gionalMID-WINTERreconferences at Birminghamand Detroit were warmly received by representatives of chapters in the southeastand Great Lakes regions.Over 350 members and guests assembled at the Dinkler - Tutwiler in Birmingharn, February 21 -22, for three technicalsessions, a conference luncheon and conference dinner. Two weeks later at theSheraton Cadillac in Detroit, 600 othersparticipated in the technical sessions andother activities scheduled for that conference.Highlights in the Birmingham program included talks on measuring pro-ductivity as a guide to profit planning byB. J. Belda, Ernst & Ernst; measuringprofit by profit responsibilities by GeorgeK. Bryant, RCA Victor Television Division; six concurrent group discussions onvarious accounting subjects and a symposium on cost reduction in the plantand office. L. E. Frensley of the Magnolia Petroleum Co., reviewed techniquesof reducing office costs; and C. NorrisTaylor, Ford Motor Co., reviewed techniques of reducing plant costs.At Detroit, Douglas L. Hamilton, Argus Camera Div. of Sylvania ElectricProducts described the accountant's challenge and opportunity in profit planning,Conference Dinner A Detrol4.vN.A.A. BULLETIN
A special exhibit created by Birmingham Chapter for display at the Birmingham Conference.and Philip J. McManus of the A. L.Smith Corporation, discussed measuringand appraising profits by product lines.Other program highlights included eightconcurrent group meetings on varioustopics and a panel session on programming and controlling cost reductions.John A. Beckett, Arthur Young & Co.,was the panel expert on cost reductionsin the plant; Harold C. Anderson, General Motors Corp., handled discussion ofcost reductions in the office.The Birmingham conference was directed by Marshall H. Osburn, Chairmanof the Conference Operations Committee, and LeRoy S. Doster, Chairman ofthe Program Committee. E. E. Roll,Chairman of the Conference OperationsCommittee and Eugene W. Liptak, Chairman of the Program, were the primemovers behind the Detroit conclave. AllAPRIL, 1958four of these chairmen and their hardworking committees deserve the Association's warmest appreciation and thanksfor two notable regional conferences.Boston to Host Final1957.58 Regional ConferenceThe wind -up regional conference forthe year will convene April 18 -19 at theHotel Statler in Boston. Over 400 members from fifteen New England Chapterswill participate in technical sessions andtraditional activities. An outline of thecomplete program is printed on page 7of this issue. In addition, three nationalvice presidents will figure prominently inthe affair. Paul M. Herring (ReadingChapter) will serve as chairman at theconference luncheon, while Arthur H.Smith (Minneapolis Chapter) will speakat the luncheon. John L. Favaloro (New9
A vi e w o f t h e parti cipa nts at t he f inal session of theConferenc e. Leff to right are J. Beckett, H . Anderson, M. Villhauer, P. Herring and E. Liptak.Orleans) will be chairman for the conference dinner.Program Planning for AnnualConference AdvancesGeorge J. Wachholz, Chairman of theProgram Committee, has announced thattwenty-seven corporate executives andother top - ranking experts in accountinganc allied fields have been invited toparticipate in the annual conference asspeakers and chairmen of three generalsessions, six concurrent group meetingsand two simultaneously- conducted meetings. Many of these men have accepted,and an impressive group they are. Theyrepresent a wide variety of companies allacross the nation. The sum -total of theirexperience and knowledge of the subjects to be taken up at the conference isstaggering, and their contributions to theprogram are sure to be up -to -date andinvaluable. Conference -goers stand toprofit greatly by contact with themthrough formal talks, discussion meetingsand audience participation sessions. Apartial list of the program participantsfollows:Gillman Allen. Vice President, RobertHeller Associates, Cleveland, Ohio.Ralph Eidem, Director, Data Process10ing Div., Management Services Div.,Ernst & Ernst, Chicago, Ill.Hugh Fontaine, Controller, RyanAeronautical Co., San Diego, Calif.Horace Hill, Consultant, Berwyn, Pa.Otto H. Kral, Applied Mathematics &Statistics Dept., Minnesota Mining& Mfg. Co., Minneapolis, Minn.Samuel E. MacArthur, Treasurer, Federal -Mogul -Bower Bearings, Detroit,Mich.William Machaver, Vice President,U. S. Reduction Co., East Chicago,Ind.Paul Priest, Assistant Controller,Thompson Products Co., Euclid,Ohio.William Seney, Senior Consultant, McKinsey & Co., New York, N. Y.Clark Sloat, Partner, Price Waterhouse& Co., New York, N. Y.Frank Wallace, Partner, Peat, Marwick, Mitchell & Co., New York,N. Y.William E. Westerdahl, Private CostAccountant, Minneapolis, Minn.Rolf Wyer, Vice President & Treasurer, Airtek Dynamics, Inc., LosAngeles, Calif.Conference Operations Comm ittee Chairman E. Rollopens the first ses s ion at Detroit. Seate d fro m lef t toright are participants in the session: E. Liptak , D.Ham ilton, W . Ho lt and P. McManus.(Continued on page 13)N.A.A. BULLETIN
CONGRATULATIONSJim Treanor, ALBANY, who has been namedComptroller of F. C. Huyck & Sons, Rensselaer, N. Y .Gar Royal, ANN A R B O R , upon being appointed Controller of the Signal ElectricDivision of King Seeley Corporation.Tom Moore, ATLANTA, who became partneru ith Arthur Andersen & Co . . . . JamesA. Barnes,on his promotion to Manageru ith Arthur Young & Co. . . . LeeSewell, upon being elected Secretary andTreasurer of Leased Vehicles, Inc.Paul C. Fasenbaker, BALTIMORE, who hasbeen named Chief Accountant of the Head quarters Division of Crown, Cork & SealCompany.James M. Heatley, BINGHAMTON' who hasbeen appointed Administrative Assistantof IBMto the Data Processing Controllerin lFhite Plains, N . Y .Al Harwell, BIRMINGHAM, on being namedController of Roberts & Son, Inc.Stanley Michelson, BROOKLYN, who has beenappointed Director of Accounting & TaxAffairs of American Machine E FoundryCo.George Slavieek, CHICAGO, upon being promoted to Controller of Chicago and EckoEngineering Division of Ecko ProductsCompany.H. Donald Roberts, CINCINNATI, who is noteComptroller of Warner-Kauter , Inc.E. R. Dryden, DAYTON, who has become Manager of the Management Services, andL. Luke Ware, on being named Supervisorof Auditing at the Dayton Office of1 ouche, Niven, Bailey & Smart.4Douglas M. Osteen, EAST TENNESSEE, whohas been appointed Treasur7 Scrrice Supervisor of Sperry Farragut.Bernard Blum and Charles Knapp, HARTFORD, upon the formation of the CPAfirm of Co le, Blum & Kn app.RobertL. Tetra, wh o is n o w with i'eeder -Root,Inc., Hartford.Ralph E. Stine, LANCASTER, upon beingelected a Director of the Fir.ft NationalA P R I L , 1958TOBank of Landisville. Tom Atkinson,upon being appointed Controller of Armstrong Cork's newly formed subsidiary —Armstrong Contracting and Supply Corp.,and J. Walter Slangh and Donald S.Bowman, who have become AccountingSuperintendent and Accountant, respectively, of that company.Charles T. Finnegan, LONG ISLAND, who hasbeen named Vice President and Treasurerof Abilities, Inc.Dorrie Henson, LOS ANGELES, o : h is promo.lion to Manager of the entire west coastarea of the Management Services divisionof Ernst & Ernst. Edward McNary,who is now Controller and Assistant Secretary of the Flour Corporation, Ltd., L. A.John Arden, MASS. NORTH SHORE, ors beingappointed to Contract Accounting at theSmall Aircraft Engine Dept., GeneralElectric 'Co., 11'est Lynn, Mass.J. Terry Davenport, MEMPHIS, who has beenearned General Manager of Hotel Gayoso.Forest E. Higgins, MERRIMACK VALLEY, whohas been promoted to Controller of theWa tts Re g u la to r Co . Calvin Metcalf,u on being appointed Office Manager ofthe Board of Public lYl'orks, Andover,Mass.Russell J. Maurer, MID - HUDSON, on beingelected Secretary o f Fo rs t Pa c k i n g Co . .Floyd E. Putnam, who has been namedAdministrative Assistant to the Comptroller, IBM, Poughkeepsie.Tom Bartlett, NEW HAMPSHIRE, who hasbeen named Controller of the ManchesterSavings Bank. Walter Korona, onbeing appointed Comptroller of the MarionElectrical Instrument Company.Robert Huffman, NO. ALABAMA, upon beingelected Treasurer of two new corporationsin Huntsville —Read Materials, Inc., andAshhurn -Gray, Inc.Alden Christianson, NORTHERN WISCONSIN,who has been promoted to Controller ofthe Marathon division of American CanC o . . . . Rees Damon, on his appointmentas Assistant Treasurer of Rahr MaltingCompany.11
Leonard M. Davis, PATERSON, upon his promotion to Assistant to the Executive VicePresident of the Shaw- lValker Co., N. Y. C. Bill Hirst, Jr., who has become Controller of Chase Bag Co., N. Y . C.Eugene J. Minahan, PHILADELPHIA, on hisaivancement to General Auditor, andRandall W. Read, who has been electedController, Atlantic Refining Co. .D. N. Salerno, who is now Controller ofCircuit Industries, Inc., a subsidiary of International Resistance Corporation, St.Petersburg, Florida.Bob Chenhall, PHOENIX, who is now Treasurer- Controller and member of the Boardof Directors of the Fisher ContractingCompany.J. E. Boyd, POMONA VALLEY, who has beennamed Manager of Accounting, HunterDouglas Aluminum Corporation, Riverside, California.Jack Browning, PROVIDENCE, who is nowwith Kenneth Wi re & Cable Co. .Ray Lord, upon joining B. A. Ballou &Cu.John MCPeak, RARITAN VALLEY, upon beingnamed Assistant Treasurer of SecuritySteel Equipment Corp. Robert L.Fuller, on his election to Assistant Manager, and Fred Kleen, who has becomeStaff Analyst, Accounting Division, Johnson & Johnson Co.Collins McKelvey and Ford Fisher, ROCHESTER, who have been appointed AssistantGeneral Supervisors of the AccountingDepartment at Kodak.George R. Sessler, SABINE, upon his appoint ment to Assistant Supervisor in the Accounting Department of Magnolia Petroleum Co., Beaumont, Texas.H. Eimer Short. ST. Louis, who has becomeCredit Manager of Granite City Steel Co. James 1. Williams, who is nowwith Jas. H. Forbes Tea & Coffee Co.K. T. Woodrut . ST. PAUL, wh o is no w Co u ircller- Auditor of Disbursements of theNorthern Pacific Railway Co. TomSpaeth, upon his promotion to ResidentPartner of the Twin Cities office of Ernst& Ernst.Russ Stephenson, SALT LAKE CITY, who hasheen appointed Civilian Ch ie f o f the Ac counting & Finance Division at Hill AirForce Base.12Lynn Richardson, SAN DIEGO, upon his appointment to Chief of Administration,Electronics division; Bill Fisher, who hasbeen promoted to General Supervisor,Bill Oyler, who is now Assistant Supervisor, General Accounting, and KennethDunn, who has been named Supervisor ofAccounts Receivable—all of the RyanAeronautical Company.Nolan Rachel, SHREVEPORT, who has beenpromoted to Chief Accountant; John Kitroll. who has been advanced to Senior Accountant, Treasury Department —both ofR. G. LeTourneau, Inc., Longview, Texas.John Wolf, SOUTH BEND, upon his promotionto Controller of Wheelabrator Corporation, Mishawaka.William A. Goldberg, SPRINGFIELD, uponIoining the faculty of Western Ne w En gland College. . . . Richard Southworth,who has become Timekeeping Supervisorin the Accounting Department of We stinghouse.Bob Bradley, SYRACUSE, on his promotion toWa g e & Benefit Manager, Crouse - Hinds.Larry King, wh o is now PurchasingAgent o f the George Hall Corp., Ogdensburg, N. Y . . . Robert Murphy, whohas been named Financial Accountant andOffice Manager at Wic k wire Bros., Inc.M. E. Kelly, on his appointment toController of the Onondaga Pottery Company.Robert M. Swentsel, TOLEDO, who has recently been named Manager of the Productand Price Development Dept, of Kimb allGlass Co., Subsidiary of Owens- IllinoisGlass Co. E. P. Herles, upon beingelected Vice President of Surface Combustion Corp., in addition to his present position as Controller. . . . T. N. Will, whohas been promoted to Controller of theIndustrial division of Surface CombustionCorp.Lee Bronson, WORCESTER, who has been appointed Instructor in Elementary & CostAccounting at the Beeker J unior College.CORRECTIONEdgar O. Reynolds, LANSING, has beenappointed Assistant to the Manager,Lansing Dairy Co., not Comptroller,Sparton Automotive Div. of Spar ton Corp., as mentioned in theFebruary issue of Section 2 of theN.A.A. Bulletin.N.A.A. BULLETIN
CONFERENCE NEWS(Continued irom page 10)Program Topics AnnouncedThe variety of subjects on the programrecognizes the diverse interests of members of the Association and are selectedto provide ample opportunity for allparticipants to find enlightenment andanswers in the technical areas which appeal to them. Included among thesetopics are:Developing the Accountant's Managerial AbilitiesFrontiers of Accounting —A Look atTomorrowOperations Research and the AccountantUsing Statistical Controls as an Accounting and Management ToolUsing Return on Capital Employed forProfit AppraisalLearning Curve Techniques for DirectLabor ManagementNew Techniques for judging Pro. posed Capital ExpendituresCapacity Utilization Studies for CostControl & ReductionThe Changing Cost - Volume -Profit RelationshipThe Accountant's Part in Meeting the"Profit Squeeze"What the Accountant Should KnowAbout Market ResearchMarketing Costs Can Be ControlledPlanning for ProfitsSystems and Procedures for the Electronic AgeForecasting and Planning in the Smaller CompaniesThe Small Company Can Take Advantage of Modern Systems and Methods.Career Pamphlet on AccountingA career pamphlet, entitled "Young Eyes on Accounting" and intended forthe interest of the high school senior, has been prepared by the American Accounting Association in cooperation with the American Institute of CertifiedPublic Accountants and the Institute of Internal Auditors. This brochure, whichcompactly and attractively sets forth the nature of accounting and the variety ofopportunities in the accounting field is obtainable in quantity and without chargeby addressing:American Accounting AssociationP.O. Box 3068, University StationColumbus 10, Ohio.,1P 21 L, 1958IJ
PREVIEWS OFJUNE 22.25,1958CHICAGOTHE CONRADHILTON39th International Accounting Conference
CHAPTERCOMPETITIONStanding of Chapters-For Nine Mont hs E ndi ng February 28,1958PLAC
ramento State College, Sacramento Publications —L.L. APGAR, Johns Man-ville Products Corp., Stockton Publicity —J.A. WHITTEMORE, Sacra-mento Air Materiel Area, Sacramento Education — ROBERT N.STARK, Brad-ford, Cross, Dahl & Hefner, Sacra-mento Newsletter —FRAN S. CURRIER, The Natomas Co., Sacramento The territory covered by the new Chap-
