Harvard Business School - Yearbook (Boston, MA)

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5 . i l t fLej?j.' Associate Professor Russell H. Hassler. fRiglatj: Professor Windsor Arnold Hosmer A With visions of balance sheets, income and surplus state- - mentS,and accumulation and allocation ol costs dancing In their heads, some ol the more hardy young tycoons braved the Fields ol Accounting in the second year. For those who wanted more oi a special- ized lcnowleclge and the acquisition ol liner slcills in the Field, the B School otlered a variety ol courses. Auditing provided the young executive here at the School with a luller understanding dl audit results,and enabled him to obtain ideas and information which ordinarily would not come to his attention. Financial Accounting developed a greater lcnowledge of account- ing practices. The students were concerned primarily with the facts that are summarized in balance sheets, income, and surplus statements. lndustrial Accounting served notice that the Wright Company had a simple cost accounting system, When the accumulation and allocation of costs were dealt with now it was found a strilcing con- trast with the way problems were handled then. ln Specialized Accounting Problems, the men became familiar with the wide variety of complex accounting problems which only the modern business structure can create. Corporate Accounts and the Public rounds out the accounting Field with case material drawn primarily from various governmentand public agencies. I Lejj : fRigbtj .' Professor Clarence Benrly Nickerson Professor Thomas Henry Sanders

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Control is the study of Figures for business administration- principally it is concerned with learning ways that business can collect needed Facts, how the administrator can, and must, interpret the facts lor application to his business, and, Finally, it is vitally concerned with the action which must be taken on interpretation ot past Facts, probable future Facts, and often on half-facts. It is the study of the limitations ot Figures, their proper prospective, and the ways and means of maldng them erlect the best control ot business operations. The tools ot business control are studied-accounting, cost ac- counting, statistics, forecasting. Not studied iust as ends in themselves, these tools equip the student to use business Figures wisely-to malre the mostol what youlve got , to stay on top of the situationn, to control business operations with wisdom and imagination. At times it is reported to be uninteresting-but no subiect is more vital to good management. r Y- Z2 lw fn V Zee Y L' tit 'Egg' tin ttttiiittm iiillgefl it jg 'tt lui 3 fLe I to Rzglzftj Professor Arthur Warren Hanson, Professor Charles Andressen- Bliss, 4Assisrant Professor Thorron Frederick Bradshaw. Urrrerrj: Assistant Professor Robert Osher Schlarfer.

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AL 1 5 Z E i 1 5 l 4 ff:- d wlv X - Z ?,,. Ge The fall . . . football season . . . the bright plaids and gay college banners . . . the roar from crowds in Harvard Stadium . . . subsiding . . . and in the hallowed halls ofthe B, Schooln dorms during a lull in the cheer- ing you can hear the cliclc-cliclc-cliclc of typewriters ,... there's another EA. General Report due at 9:00 p.m. Saturday night. Written reports have assumed a significant role in modern business administration and consequently the School has stressed report writing in its program of business instruction. The Course, Elements of Business Administration-General, is devoted entirely to case report writing. About 20 hours of preparation, involv- ing reading and mulling over the material,and then the traditional bull session . . . used to go into those reports. We all found the group discussion the most fruitful part of this preparation, for each member contributed a different viewpoint which was synthesized by the individual to produce the finished report. The stated obiectives, a vvorlcing knowledge of analytical pro- cedures, presenting conclusions in effective written form, and experience in business problems which cuts across the formal boundaries of other subiects, are achieved during the first year. This provided us with a better background to meet the require- ments ofthe second year and the attainment of our eventual goal in the business world. fLejt to Right, Stafzdizzgf' Assistant Professor Thornton Frederick Bradshaw, Arnold Mark Berlin, Assistant Dean james Leslie Rollins, Edwin Raymond Corey, Instructorg Henry Edward Wtape, Instructorg John Fayerweuther. fSearedJ: Mrs. Donald Diehl, Mrs.joan Hayden, Albert Howard Dunn, Instructorg Associate Professorjoseph Can- non Bailey, Associate Professorjohn William Welcker.