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- Title
THE CLARK PLAN OF RETAIL ACCOUNTING (Book).
- Authors
Nelson, Oscar S.
- Abstract
The article focuses on the Clark Plan of retail accounting. In March, 1934, the Board of Directors of the National Retail Dry Goods Association voted favorably on the adoption of the Clark Plan, embodying what have been called radical changes in Retail Accounting. The plan as finally adopted is not as radical a departure from present methods as was the original plan proposed by a controller, Carlos B. Clark. While the Clark Plan is optional, every inducement will be made to have stores adopt it. Since the Clark Plan is thought by some to be a revolution in retail accounting, comparing in importance with the adoption of the retail inventory system some years ago, accountants and particularly teachers of accounting should be somewhat familiar with it. The following comments, while not an exhaustive treatment of the subject should serve to clear up some misconceptions and also to define some of the issues involved. The effect upon business generally of recent laws and administrative policies of the government at Washington D.C. has been far-reaching.
- Subjects
WASHINGTON (D.C.); UNITED States; ACCOUNTING; NATIONAL Retail Dry Goods Association (U.S.); RETAIL inventories; RETAIL industry; ACCOUNTANTS; COMMERCE; MARKETING
- Publication
Accounting Review, 1934, Vol 9, Issue 3, p242
- ISSN
0001-4826
- Publication type
Article