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- Title
SOME PROPOSED CHANGES IN DEPARTMENT STORE ACCOUNTING PROCEDURE.
- Authors
McNair, Malcolm P.
- Abstract
During the past eighteen months two proposed changes in department store accounting procedure have attracted the attention of controllers and other executives in large-scale retail enterprises. Both these proposals originated with Carlos B. Clark, Controller of the J.L. Hudson Company in Detroit, Michigan. By reason of his long service and noteworthy contributions to the field of department store accounting, Clark is virtually the dean of department store controllers. His suggested innovations in the usual retail accounting procedure have therefore been widely discussed. From an economic standpoint, Clark reasons correctly about the relation of an individual selling department to the store as a whole, and he is on firm ground in suggesting a line of thought which executives should follow in deciding whether to add or discontinue departments. But it is by no means the sole purpose of departmental cost finding to furnish data for the use of executives on the occasions when such decisions are necessary.
- Subjects
UNITED States; DEPARTMENT stores; ACCOUNTING; ACCOUNTING methods; CLARK, Carlos B.; RETAIL industry; EXECUTIVES; ACCOUNTING departments
- Publication
Accounting Review, 1935, Vol 10, Issue 1, p50
- ISSN
0001-4826
- Publication type
Article