Gem City Business College - Yearbook (Quincy, IL)

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x 4 .' -113, all l A 5 I . .,, ig ag ,HA wi gm 'I fi Q' : ,TJ RI 'T iiifyfg 'IQ . sirilfx' .rid-may r- 'L LXIIYI L I If V I 'ssh . w. A if . 4. L ' liff'-fd-,X ,, . 'W ay, - f 'y.q,n .. ,L d I-Q73 X... ,,, -25, 5 Q--Vt., ' -io... Iffl. . ' ..J.f..' - -- nn 1 ,ann nf I25l?'f'1g . .. a-HQ' , .., .. .. I. , .. i...,... .. 2 fE :f AT!'- ' :U Tfvfiif, .74 7r lJ.T34 PEM CITY BUSINESS COLLEGE, QUINCY, ILLINOIS 1'I IMPORTANCE or BUSINESSSUBJECTS BOOKKEEPING AND ELEMENTARY AC- COUNTING. Everyone should know something of accounts, be able to read balance sheets, and make out personal income tax blanks. No business course would be complete without comprehensive training in journalizing, posting, and all of the business and bookkeeping forms in use today. A complete description of the bookkeeping and cost accounting and the higher accounting courses offered by this institution will be found in succeeding pages. COMMERCIAL LAW. It is not our intention to make lawyers of our students, although many of them become so interested in our commercial law that they later attend law schoolsg many of our former students are now successful attorneys. This law course gives our students the essentials of the laws used in business. Knowledge of this subject is very essential to the young man or woman who is expecting to go into business. BUSINESS ORGANIZATION AND ADMIN- ISTRAT ION: In this course, we discuss the or- ganizing of a business, from its beginning, through its various stages of growth into a going concern. The operation and interlocking relationship of all departments are explained. It is our intention to acquaint the student with certain business funda- mentals necessary for organizing a business and conducting it profitably, and to prepare the student to. enter the business world with an understanding of the underlying principles of business. -THE SUBJECT OF MATHEMATICS is every- where recognized as essential in the mental de- velopment of young people. In many of our high schools and colleges, arithmetic is not emphasized in the course of study, and consequently when students from these schools come to us they find our training in arithmetic absolutely essential. Even though they may have had algebra and geometry they sometimes have difficulties with problems in fractions, measurements, percentages, etc. In our Business and Full Combination courses, commercial arithmetic is given an important place. The work is subdivided into two sections, rapid calculation and business arithmetic. Only those subjects are taught that are directly useful in the business office or factory, such as common and decimal fractions, aliquots, graphs, profit and loss, interest, commis- sions, discounts, stocks and bonds, etc. THE RAPID CALCULATION work is given special attention, daily drills being held in which accuracy and speed are given first importance. Rapid addition drills, short methods of multiplica- tion and division, extending bank balances, com- puting interest and discounts, short methods of solving problems are a part of the daily work. Social Security, wages, etc., are dwelt on until each student becomes proficient in these computations. PENMANSHIP. Too much stress cannot be placed upon the importance of good handwriting for business purposes. All the students of the business department receive daily instruction in penmanship from capable teachers. There is no extra charge for taking the subject of business penman- ship. Good penmen are given preference over other applicants for positions. THE SUBJECT OF BUSINESS ENGLISH AND LETTER WRITING is an important part of our Business and Stenographic courses. The student is taught the correct forms, and is given many practice letters to write. Particular attention is given to sales, and collection letters and other forms which are necessary in an up-to-date office. The subjects of punctuation and correct business English are taught in connection with letter writing. .DIPLOMAS DIPLOMAS. Each student who completes all of the branches of a regular course with satisfactory grades is eligible to receive a diploma, provided ten weeks or more are spent in the school. There is a Stenographic diploma, a Business diploma and a diploma for those who complete the Secretarial course. . BUSINESS DIPLOMAS. Three grades of di- plomas are awarded in the Business courseg the regular diploma, for those who pass the examinations with grades averaging between eighty and ninety per centg the Bachelor of Accounts diploma, and the llgflaster of Accounts diploma, which are explained e ow. BACHELOR OF ACCOUNTS DEGREE. Grad- uates of the Business department making an aver- age of at least ninety per cent receive a diploma conferring the degree of Bachelor of Accounts. MASTER OF ACCOUNTS DEGREE. The Master of Accounts degree is conferred on all grad- uates of the Business department making an aver- age grade of at least ninety-five per cent. This degree represents a high grade of proficiency, and is much coveted by ambitious students. The annual Roll of Honor is made up from those who receive this degree. HIGHER ACCOUNTING DIPLOMA. A di- ploma in higher accounting is granted to the student completing our higher accounting course. ' SECRETARLAL DIPLOMA Those students satisfactorily completing the re- quired course of instruction as outlined in the Secre- tarial course will receive our diploma showing the satisfactory completion of the Secretarial course. The student may have the option of receiving a Stenographic diploma provided he completes the work of the Stenographic department without en- tirely completing the Business section. V FULL COMBINATION DIPLOMAS Those students satisfactorily completing the re- quirements of the two departments will receive two diplomas, one from the Business department and one from the Stenographic department. CERTIFICATES. Those students wishing evi- dence of the completion of all or a part of the work are entitled to receive Certificates showing work successfully completed. These certificates are litho- graphed and are the size of the regular diploma. There is no charge to the student for the issuing of a certificate.

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OEM CITY BUSINESS COLLEGE, QUINCY, ILLINOIS - 13 ACTUAL BUSINESS CLASS BOOKKEEPING LABORATORY THE ACTUAL BUSINESS CLASS is a modern efficient laboratory that familiarizes the student with the actual' working conditions as they are to be found in a business office and makes it possible for the inexperienced boy or girl to successfully handle a difficult office position much more effi- ciently and quickly than the individual whouhas not had the advantage of our actual business training. This is a laboratory course following the theory of bookkeeping and accounting. It is so planned that the student follows the theory with a practical application of the problems involved. In this class he makes the actual transactions with other students and then enters these business deals in his books and follows the mechanical transactions through to their completion. In this manner the student puts into actual practice the knowledge acquired from his textbooks and class instruction. After completing his sets of bookkeeping and this required work in the actual business class he is well qualified to fill the most exacting bookkeeping position. Instead of having the transactions written as a textbook, the student in the -Actual Business class makes his own business ,deals with the other students. . In this class the student learns the proper papers used in the various business transactions and the necessary steps for recording these transactions. He learns the procedure normally followed in sending goods by truck, express, parcel post and freight. He protects himself by buying insurance and he buys and -sells goods retail and wholesale. He is not only the proprietor and bookkeeper but the buyer and salesman as well. A record of all transactions made in this department is to be entered in the books. The student will buy and sell merchandise, make out invoices, notes, checks and all types of papers as they are used in the business world. He will make bank deposits, buy 'bank drafts and make other types of bank transactions. Trial balances will be taken at frequent intervals. At the close of the trading, the books will be closed, a work sheet, a profit and loss and balance sheet statements will be made. ACCOUNTS. As a result of the various .trans- actions the students' ledger 'should contain the following accounts: Customers and creditors, cash, notes receivable and payable, merchandising purchases, merchandise sales, purchases and sales discounts, other dis- counts, interest income, interest expense, general expense, accrued interest receivable and payable, trading, profit and loss, proprietor's capital and drawing accounts, together with other ledger head- ings that ordinarily occur in the course of an or- dinaryrun of business. I The student is the sole proprietor, buyer, salesman and bookkeeper. Business experience is acquired as he acts in these capacities. A AUDITING. On finishing the work of this class the student is given a thorough drill in auditing. He exchanges his books for those of a fellow student and is required to give them a detailed audit. After completing the audit, he makes a report, listing all the errors found and commenting on the general condition of the books. The instructor then lists the errors to be corrected as he inspects the books. When the errors are cor- rected the books are graded. The work in this class has been arranged so the student should complete the required work including the auditing and cor- rection of errors within ten weeks' time. This includes the one hour of class work each day, the time re- quired for the audit and correction, together with the time required for preliminary training in the use of the calculator. However this will be con- trolled to a great extent by the diligence and effort exerted by the individual student. BANK BOOKKEEPING MACHINE OPERA- TION. In this department it is necessary to main- tain a complete banking record of the students' accounts and their banking transactions. The de- positorfs ledgers are of the loose leaf type and are in conformity with those used in our larger and more modern banks. We have Burroughs Bank Book- keeping machines. Commercial bookkeeping machines. At the present time there is an increasing tendency towards ma- chine recording of accounts. The student not only should be familiar with the theory of bookkeeping and accounting but it is of the utmost importance that he is trained in the operation of the commercial bookkeeping machines. He should be able to under- stand all other types of modern mechanical equip- ment. Our students in this department have access to electrically driven adding machines and book- keeping machines. They are given acertain amount of training on calculating machines and are given instruction in the use of such machines as check writers, protectographs, numbering machines and other mechanical equipment ordinarily found in the modern business office or bank. I GENERAL MOTORS ACCOUNTING. The proper handling of garage and automobile sales accounting is complicated, so it is necessary for one to become familiar with the specialized sys- tems used by the large companies such as General Motors, Ford and Chrysler. For that reason, we are teaching General Motors accounting to those who wish to become proficient in this type of work. Anyone who understands the General Motors sys- tem is capable of handling either of the other two systems. Organizations selling cars distributed by any of the large companies, usually require an ac- countant who has been trained in motor accounting, so it is wise for those who wish to be proficient in bookkeeping or accounting to take our course in General Motors accounting.