ACCOUNTANCY: ITS VALUE.

Taranaki Daily News, 13 October 1922, Page 4

ACCOUNTANCY: ITS VALUE.

FOUNDATION OF A SUCCESSFUL

“I regard knowledge of accountancy as the foundation of a successful business career. I would have every young man embarking on a business life learn accountancy,” declared Mr. T. C. List (president of the Taranaki Chamber of Commerce), to the accountant students last evening. “True, many men get there without such a training, but the fact is that a knowledge of accountancy facilitates progress and efficiency. How often one hears a self-made business man say, ‘I wish 1 had had the chance of learning accountancy when I was younger. Things would then have been so much easier and better.’ Instead, he has had to get through buisness life with a rough and incomplete knowledge of the essentials of accountancy, imposing a handicap upon his activities and powers. If our producers had even a slight knowledge of the principles of accountancy it is doubtful'if Tarataki and other parts would have experienced the slump from which we are now emerging, and which has brought '.oss and ruination to so many. Before embarking upon the purchase of properties they would have put the proposition down on paper and worked it out carefully. Then they would have found in almost every case where big prices were being asked that the proposition was hopeless. They would have saved their money and been spared the misery to which they and their families have unfortunately been subjected. Accountancy makes for accuracy, and accuracy for efficiency. Thus accountancy confers, or should confer, upon a community a general benefit.”