Accountancy The Keystone of Business Education Chicago Central College of Commerce of The Young Men’s Christian Association 19 South La Salle Street Telephone CENtral 6787 ak The Modern Accountant Adequate accounting systems ascertain every cost, betray every factor of actual or potential loss and veovern every transaction of modern business. It has been said, “The language of business is figures, and the accountant is the interpreter.’ IXvery man who wishes to associate himself with the most important factors of business today can do it no better than through the study of accountancy. For more than twenty years the Chicago Central College of Commefce has given courses 1n bookkeep- ing and accountancy for the men employed in Chi- cago’s business and industrial organizations. These years have seen a constantly increasing recognition of the accountant by business organizations, legis- latures and the courts, and as the accountant took on more vital responsibilities his training and education called for increased preparation. In order to bring this course up to the most mod- ern developments in the field of public and executive accounting, the Central College of Commerce, dur- ing the early part of last year, appointed a commis- sion of accountants and educators and asked them to formulate changes and make additions to its former courses as seemed desirable in the light of modern needs. The result 1s the new accountancy course which will give you the largest returns from your training and save your time through elimination of all non- essentials and unnecessary repetitions. Ask for a Copy of the Yearbook, “Outlines of Business Education” A complete description of the requirements for the B.C.S. degree and for the four-year diploma in Accountancy is given in the yearbook of. the Central College of Commerce, “Outlines of Busi- ness Education,” a complimentary copy of which is available upon request. This book also gives valuable information about the benefits and essentials of busi- ness education and a complete description of all of the courses offered. The New Accountancy Course As in the past, four years of study are required to secure the diploma in Accounting and prepare for the C.P.A. or Public Accountants examination. The ever-increasing knowledge required by the accountant has caused the school to prepare an addi- tional fifth year of study leading to the degree of Bachelor of Commercial Science. However, this degree is granted only to high school graduates ; those who cannot meet the high school requirements will receive the accountancy diploma only. Today, accountants may be divided into two large groups: Public Accountants, usually men who have passed the state examination and have the title “C.P.A.,” and executive accountants who are con- nected with large business organizations and are known under the title of “Comptroller,” “Auditor,” and “Chief Accountant.” The accountant is recog- nized as an important official in every firm and he must have a broad business training to measure up to his responsibilities. The new course will train men for both of these fields. The first three years gives the general basic requirements of both of these groups. The third and fourth year permits specialization in Executive Accounting and Management, or in Public Account- ing, depending upon the goal of the student. Accounting for Production, Marketing and Credit Men The first two courses, Accounting A-1 and A-2 will give you the basic principles of debit and credit, enable you to understand the simple accounting transactions and their relations to the other activities of the business and show you how to make up and interpret a balance sheet of a corporation. These two chains of accounting represent the minimum of accounting training which should be taken by an executive. 4-Year Diploma and 5-Year Degree Study Program in Accountancy First Year First Semester Accounting A-1 and A-2 (Tuesday, 6 :00-7 :50 and Thursday, 6:00-7:50) Business Economics (Thursday, 7:55-9:45) Business Letters (Tuesday, 6:00-7:50 or Thurs- day, 6 :00-7 :50) Second Semester Accounting A-2 (Tuesday, 6:00-7:50 or Tues- day, 7:55-9:45) Advanced Business Economics (Thursday, 6 :00- 7.250) Business Writing (Tuesday, 7:55-9:45) Second Year First Semester Accounting A-3 (Given in Fall Semester ) Financial Organization (Given in Fall Semester) Law of Contracts and Agency (Tuesday, 6:00- 7:50) Second Semester Accounting A-4 (Thursday, 6:00-7 :50) Business Organization (Thursday, 7:55-9:45) Law of Partnerships and Corporations (Tuesday, 7:55-9:45) Third Year First Semester Accounting A-5 (Given in Fall Semester) Production Management (Given in Fall Semester ) Law of Negotiable Instruments (Given in Fall Semester ) Second Semester Accounting A-6 (Tuesday, 6:00-7 :50) Business Finance (Tuesday, 7:55-9:45) Law of Property, Debtor and Creditor, Bank- ruptcy (Tuesday, 6:00-7 :50) Fourth Year First Semester Principles of Auditing (Given in Fall Semester ) Principles of Cost Accounting (Given in Fall Semester ) Income Tax Law and Procedure (Given in Fall Semester ) — Second Semester Advanced Auditing (Not offered in 1925-26) Advanced Cost Accounting (Thursday, 7 :55- 9:45) Elective Fifth Year Required of all students for b.C.S. Degree First Semester Business Statistics and Graphs (Given in Fall Semester ) Management Control (Given in Fall Semester ) Elective Second Semester Practical Speaking (Tuesday, 7:55-9:45 or Thursday, 6 :00-7 :50) Budgetary Control (Not offered in 1925-26) Elective. Electives C. P. A. Problems (Not offered in 1925-26) Principles of Merchandising and Marketing Prac- tice (Given in Fall Semester ) Fundamentals of Investments (Thursday, 6 :00- 7:50) Credits and Collections (Thursday, 6 :00-7 :50) Starting Date of Course All Tuesday classes will begin on February 9, 1926. All Thursday classes will start on February 11, 1926. Each course meets one evening a week for semes- ter of 17 weeks, except the intensive course in first year. accounting. Free Practice and Coaching Class On Saturday afternoon one of the assistant in- structors conducts a practice class open to all stu- dents who have difficulty with their weekly problem assignment or who have missed one of the regular class sessions. The students attending this class will get special attention and assistance from the instructor. No extra charge is made for this class. CLEA ISAS AGEN SONATE ASN SAO AREA ELITR SAN STN va Advisory Comm ha OOO BONNE PE BE H.C. GOETTSCHE, CP.A. ‘Member of Advisory Commission H.C. Goeusche and Company, Certified Publ Accountants Income Tax Law and Procedure 4 Ellis, Pinkerton and Co., Certified Public Accountants res. of Ind. HARVE’ AB., B Chairman of the Head of the Aco Y MCA School « in Account "Inetructar. Schoo: ministranon. U PAUL H. BECK, A.M.,, C.P.A. Instructor in Accounting JOHN R, BYLAND, B.CS Instructor in, Accounting : Author of the YM C A Course of Accounting ~~ Principles and Practice BBE OTS BPE RE LEE ALE LES LIEN BETS R ERE IT Si LO APN TARR AG EAE LN PUES ANRC EID ABI TREE TITLE Class Sessions and Home Wor Every one of these subjects meets for seventeen sessions one night a week for a period of two hours, except the intensive course in first year accounting. By following the regular course as outlined on this page, you will attend classes two evenings a week —Tuesday and Thursday evenings—four hours on one evening and two hours on the other. Schedule of classes is arranged so that students may take two courses in one evening, attending classes from 6:00 to 7:50 and from 7:55 to 9:45. To secure the most benefit from this class session, you should spend at least eight to ten hours a week on your problem assignments at home. Students may also carry two subjects or enroll for the accounting subjects alone depending upon the amount of time available for study. eUNEOAN ENE Se eee » CHARLES O. PASSMORE, PhB. C.P.A. — Member of Advisory Commission and : Instructor tn Accounting; ARTHUR PERROW Member of Advisory Commission be Chief Accountant, Illinois Bell Telephone Co: » formerly Supervisor of Accounting Methods. American Telephone and Telegraph Company )AINES, o.P.A. ry Commission. | cy Department. nerce, Instructor | Finance amerce and Ad y of Chicago i , ad “RALPH G, DAVIS. CP.A. i “ha Instructor in Cost Accounting . A PAUL O. DITTMAR, CP.A. General Auditor of the Lacy Securities wt Instructor in Auditing and Finance ‘Corporation Paul Diamar and Company, Certified Public PERE ERE LE LEE ELLIE CL IS LEI: Accountants BERNIE LEARN PLEASE! CSN INT SE GEE NSA RN Elementary Accounting Intensive Course Tuesday and Thursday Evenings 6:00 - 7:50 Mr. Beck, Instructor This intensive course leads the student step by step from the simple to the more complicated phases of accounting. Practical problems are studied. In this class, meeting tour hours a week, it is possible to finish a year’s course in one semester. A Tuition and Fees No annual registration fee is charged. All matricula- tion membership charges are included in the semester tuition fees. Tuition fees for courses in the Chicago Central College of Commerce are computed on the basis of the number of subjects taken per semester. Girie subject ni eter x es a $27.50 SW OSETIICCUtS etter ee ee eae 41.00 ddaree SSuD jects «= Sets OR Se 51.00 The tuition for the regular Accountancy program con- sisting of three subjects as outlined in this folder would be $51 for one semester. Intensive Course in Elementary Accounting. The spe- cial intensive course in Elementary Accounting, meeting two evenings a week for one semester, costs $41.00. This intensive four-hour course will be repeated in the sum- Memeterin. Part Payment Plan While tuition payments are payable in advance, frank recognition is made of the fact that some students find it inconvenient to pay the full tuition at the beginning of the semester. To accommodate these men, a part payment plan has been devised whereby the student pays a portion of the tuition in cash and gives his personal note for the balance which is paid off in bi-weekly or monthly installments. To cover the cost of records and collection, a fee usually ranging from $1.50 to $3.00 is added, according to the number of subjects taken and the outstanding balance. The larger the cash or first pay- ment, the lower will be the amount of this extra charge. Those desiring to take advantage of this plan need only mention it at the time of registration—there is no red tape. Mimeographed Lesson Material The cost of special mimeographed lesson material for intensive course in Elementary Accounting is $5.00. -Mimeograph fee for the course in Accounting A-2 is $2.50. Credit Certificate Upon completion of the first two semesters of Ac- counting you may receive upon request a credit cer- tificate signed by the instructor of the course, the Dean and the Director of the School. Register Now The office of the College of Commerce is open for in- formation or registration every day from 9:00 A. M. to 9:00 P. M. and on Saturday afternoons until 5:00 o’clock. Chicago Central College of Commerce 19 South La Salle Street Central 6787