Babson College - Babsonian Yearbook (Wellesley, MA)

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Clinton A. Petersen Babson Institute The coming of the computer sounded the death knell for you accountants . So spoke a colleague several years ago. Nothing could be further from the truth. This is a dynamic, ever changing world we live in and accountants like everyone else must adapt to these changes and the accounting profession is doing so. Although we have only scratched the surface at Babson in the computer Held, progress is being made. There have been many other changes in the Way accounting is taught at Babson today. Much more emphasis is being placed on the management ap- proach to accounting as it is a well recognized fact that many managerial decisions rely on accounting data and the presentation and interpretation of this data thereby becomes quite significant. Accounting, however, is only one part, albeit an important part, of this broad sophisticated approach to management decision making and we in the ac- counting division are doing our best to supply our part of the overall knowledge required by the astute business executive in today's ever changing business world. ACCOUNTING

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Thomas C. Kienzle, Ir. Stanford University John P. McMahon City College of New York Allen B. Gluck Babson Institute Horace R. Givens Columbia University Descom D. Hoagland III Babson Institute