Marywood Academy - Veritas Yearbook (Grand Rapids, MI)

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r I In L l H .4 in 1. I sl X' If R I 'I' A S MARYWGOD SECRETARIAL CLUB OFFICERS I President A.,.............,.. ,..,.,.......,,..........,.,......., ,..........,,.....,, M A RY MILLER II'iI-e-P1-frmlenr .........., ,.A...,...,....... M ADELINE REISER Q Sefremry .,...A,.....,,,,. ,A......... L AURETTA STEPHENS Trmwm 'EE.,,,.... ....., ......,....... ...........,.,..............,,.,..,..,,,...... M A R Y MCKENNA If! 5, CECELIA PIGGOT ANN MACGREGOR IVIONZELLA KIDDER E, ELIZABETH LEWIS MILDREIJ RONAN VIRGINIA PRINGLE LOUISE BROUGHAM . MERYL ORLOP MARIE SHIELDS MADELINE REISER LAURETTA STEPHENS CiENEVIEVE YAREIJ INEz HARRIGAN FLORENCE HoMRIcH MARIAN CONNELLY ip IVIARIAN MALONE FRANCES LEWIS MARIAN STEKETEE IEI MARY MILLER NIARGARET SUPER AIXIELIA TROSKI lf, MARY MCKENNA AIARGUERITE FORSTER IQATHLEEN C31-IYSELS il On February 2, 1926, there was introduced at Nlarywood a Secretarial Club. The purpose of this club is to acquaint its members with the new way of doing business. A number of trips have been planned to banks and large business concerns. THE VALUE OF ACCOUNTING ' The older school of education held the languages, art, literature, history, mathe- matics and the sciences as the only subjects suitable for liberal education. They would QQ! exclude all practical studies which have an immediate end. Their education would If exclude accounting. But in Iny mind accounting claims a place with mathematics and languages. Like mathematics, it develops the quality of accuracy. A slight error in gl some detail will render the final solution incorrect. The correct result Inust be the goal in mind and its attainment is dependent upon accuracy. Accuracy is very impor- tant to the accountant and I think great stress should be laid upon this fundamental. II' A course in accounting, like the classical courses, tends to draw out of the student the ll, best he has in him and inspires him to do the difficult tasks as they arise in his path of duty, to the best of his ability. U' Accounting also develops the ability to manage a volume of detail without getting I l lost. The result of a complex problem often requires that a score or more of facts , l Inust be kept in mind. The ability to co-ordinate a large amount of details so that each part bears its proper relation to the whole, is training unexcelled in value. The student also acquires habits of neatness, of conciseness, of doing things in a systematic way. The. power of concentration so highly prized in all fields of knowledge is fi, another training afforded by the study of accounting. t . Accounting also has cultural value. It develops the power of logical reasoning, YI for analyzing facts, and weighing evidence. VVhen the accountant is given data, it is his duty to separate the relevant from the irrelevant matter, and to do this he must Fl clearly understand the problem. In order to arrive at correctness he is confronted with a number of possible interpretations. He Inust therefore analyze all the facts and f weigh the evidence in favor of several, finally selecting the one which, through his if process of reasoning, he believes to be most logical. Another source of cultural value iff in accounting is its training in impartiality and ethics. One is taught to deal fairly igl and squarely with everyone. Particularly in the field of public accounting there are E large opportunities to certify to false financial statements for the purpose of holding t the good will of the client and making further opportunities for profitable employment. I But such practices are forbidden in the profession, and throughout the training impartial l reports and ethical standards are insisted upon. it From the above observation we see that accounting is very valuable and also holds I a place in the scheme of a liberal education. -BEATRICE FARRELL, '26. I 'I ' l I I I i5l?IIg5III1:.c. .,.,:.1'.I:,., , ,, 1 9 2 6 iinIn:.::II1.mmznirirmznrmiiziiifiin 11,11i:EJII.:II2Ir:nLi'ffmia1Egr'2rH Q.t'...:.L1.1: Page Seventy-six

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A1 MCSE 2