\\l V6cu>-Z. 5>c \3A± NEW YORK UNIVERSITY ANNOUNCEMENT Vol. I April 30, 1914 No. 10 SUMMER SCHOOL, 1914 COURSES ACCEPTED FOR CREDIT IN THE SCHOOL OF COMMERCE ACCOUNTS AND FINANCE JULY 1 TO AUGUST 12, 1914 Published Twice a Month, December- April. Office of Publication : 5 Depot Street, Concord, N. H. Editorial Office: University Build- ing, Washington Square East, New York. Application for entry pending at the Concord, N. H., Post Office as second-class matter under the Act of August 24, 1912 the ueaaa? onus ' JUN 9-1937 UNiYERSITO OF ^LUNOSS The Summer School 3 NEW YORK UNIVERSITY SUMMER COURSES IN COMMERCE 1914 FACULTY Elmer Ellsworth Brown, Ph.D., LL.D., Chancellor James E. Lough, Ph.D., Pd.D., Director of the Summer School William H. Allen, Ph.D. Municipal Research (Director, Bureau of Municipal Research, New York City) Louis O. Bergh, B.A., LL.B. Business Law (Instructor in Public Speaking and Assistant in the Law of Commerce) Benjamin P. DeWitt, M.A. Political Science (Secretary to the Chancellor, New York University) W. W. Douglas, B.C.S., C.P.A. Accounting (Assistant Professor of Accounting, New York University) Major B. Foster, B.A. Finance (Instructor in Finance, New York University) Edward R. Hardy, Ph.B. Insurance (Lecturer on Insurance, New York University) 4 New York University William B. Johnson, B.C.S., C.P.A. Accounting (Instructor in Accounting, New York University) E. J. Kilduff, B.A. Business English (Instructor in Business English, New York University) J. Melvin Lee, B.A. Journalism (Director of the Department of Journalism, New York University) Milton E. Loomis, B.A. Political Science (Instructor in Municipal Government, New York University) John T. Madden, B.C.S., C.P.A. Political Science (Assistant Professor of Accounting, New York University) Arthur H. Rosenkampff, B.C.S. Bookkeeping (Instructor in Accounting, New York University) J. Edmund Woodman, D.S. Geography (Professor of Geology and Geography, New York University) The Summer School 5 GENERAL STATEMENT New York University offers in its Summer School for 1914 more than 175 courses, most of which are equivalents of courses given in the degree giving schools of the University and are accepted for credit in those schools where the student has met the require- ments for entrance. The courses announced in this circular are credited in the School of Commerce, Accounts and Finance towards the degree of Bachelor of Commercial Science (B.C.S.). ADMISSION REQUIREMENTS Men and women who are graduates of high schools giving an approved four year course, or who possess the professional student’s qualifying certificate of the Regents of the State of New York, or an equivalent, will be admitted as regular students to the School of Commerce, Accounts and Finance. Others who do not possess these educational qualifications but who are twenty-one years of age and have had two years of satis- factory business experience will be admitted as special students, not candidates for the degree. No student will be allowed to take any of the regular accounting courses (S 2-5) until they have taken an examination in Book- keeping (Si). All regular students are also required to take an entrance examination in English upon matriculating in the School of Commerce. The degree of B.C.S. is granted upon the completion of three years of study, each year consisting of ten hours’ instruction per week, or two years where each year includes twenty hours instruc- tion per week. 6 New York University TUITION The tuition charge in the Summer School is at the rate of $10 per hour for each course taken, except that where only one hour is chosen the fee is $15. The only exception to this charge is in the Department of Accounting where the charge for instruction is $25 for each two-hour course. COURSES OF INSTRUCTION Accounting Sia. Bookkeeping Practice Washington Square, C5 5-7 Mr. Rosenkampff The purpose of the course is to prepare the student for admission to the university accounting courses, and everything which is not strictly within the domain of bookkeeping is excluded. The course covers, in a gradual and rational way, all transactions which are likely to occur in the conduct of a business. Special attention is paid to journalizing, the stumbling-block of so many bookkeepers. The aim is to so train the student that he will be able to express, in journal entry form, any bookkeeping facts which may be presented to him. The course adopts, as a starting point, the single entry system of book- keeping; events and transactions are so arranged as to impress upon the student the inadequacy of the system when applied to an active modern business. Double entry is then introduced. The evolution of the original journal into the modern journals, such as cash, sales, purchases, notes and bills receivable and payable, is impressed upon the student through the means of practical illustrations, showing the necessity for the improvements made. Controlling accounts are brought into play, illustrating the functions of underlying ledgers. The books used in the course are so arranged as to lead the student to the clear comprehension of their purpose, and to the mastery of modern methods. Credit 2 hours . (Credit will not be allowed for this course to students who take more than 120 hours in accounting.) The Summer School 7 S2. Principles of Accounting Mr. Johnson Washington Square, C 5 7-9 The aim of this course is to give the student a thorough foundation in the fundamental principles of accounting. Practice is regarded as most essential, and students are required to work out a complete series of transactions in books of account provided for the purpose, which are identical with those used in business. The subject-matter is analyzed and discussed and the method of treatment demonstrated by the instructor. The transactions are founded on cases taken from actual practice. They begin with the accounts of the sole proprietor whose books are kept by single entry; following this the change is made from single to double entry; the books are subsequently changed from a cash basis to an accrual basis: the sole proprietor from simple trading goes into manufacturing; he takes in a special partner who later becomes a general partner; a participation in the profits is sold to a third party; the original proprietor retires; his place is taken by a new partner; the other partner dies; the remaining partner incor- porates; the business of the copartnership is taken over by the corporation; good will is involved in the transaction; new and up-to-date methods are in- troduced; goods are shipped and likewise received on consignment; new capital is secured by an issue of bonds; the bonds contain a sinking fund clause which provides for their redemption; the corporation subsequently gets into financial difficulties; a receiver is appointed and the company is liquidated. The work throughout is interspersed with the preparation of financial statements. Credit £ hours. S3. Accounting Practice Washington Square, C4 5-7 Assistant Professor Douglas The work of this course is based on practical problems in accounting, illustrating in greater detail the principles taught in course S2. The prob- lems are divided into two groups, those for demonstration and those for practice. The demonstration problems are used in the class-room, while 8 New York University students are required to work out independently the practice problems and submit them for review and criticism. Special attention is given to the method of solving problems which cover such topics as sole proprietor- ships, copartnerships, corporations, consolidations and holding companies. Corporation problems cover organization, receiverships, reorganization and sale to other corporations; the capital stock accounts such as preferred, common, cumulative, subscriptions, treasury and scrip; the various capital assets and investments, working and trading assets, deferred assets, sinking funds; bonds and debentures, current liabilities, reserves and deferred liabilities; also all the phases peculiar to the various accounts, such as the depreciation of property and plant accounts; the proper valuation of raw material, goods in process, finished goods, securities and investments in general; the unexpired proportion of the expenses paid in advance; the accrual of taxes, interest, rent, etc. Special attention is given to the preparation of balance sheets, statements of income and profit and loss, realization and liquidation, and statements of affairs and deficiency. Credit 2 hours. S5- Theory of Accounting Washington Square, C4 7-9 Assistant Professor Madden This course is so arranged as to develop the subject logically and make clear to the student not only the relation of the various topics of this sub- ject, but the relation of accounting to allied subjects, such as economics, law, finance, and business organization. The lecture work is supplemented by frequent quizzes, both oral and written, bearing on prior lectures. Accounting is shown to be a science rather than an art. Books are discussed with regard to the reasons for keeping them, the desirability for having adequate and proper media in which to record the transactions incident to business operations; books which will gather together and summarize comprehensively the data necessary to set forth the history of business operations and the results of such operations as are reflected by statements of financial condition; the different types of The Summer School 9 books; evolution of the modern types; columnar ization. Accounts are classified and so arranged in the books as to facilitate the preparation of financial statements; the purpose which controlling accounts serve; what real accounts reflect; while nominal accounts are necessary; the grouping of accounts. Accounting technique is discussed including the various methods of keeping books and the manner of keeping the accounts in accordance with the ethics of accounting. The various theories on which accounting is based, the effect of common as well as statute law upon accounting, the requirements which modern financial methods have made necessary, and the manner in which the accounting is co-ordinated with business organization are discussed. Credit 2 hours. English S 9 . English. Argumentation and Public Speaking. Washington Square, Cl 7-9 Mr. Bergh This course stimulates clear and original thinking and imparts the power of effective oral presentation. In Public Speaking, the subjects consid- ered are speech-composition, persuasion and forms of public address. Each student delivers before the class a series of speeches, some prepared and some extemporaneous. He receives individual training and criticism. He is given practical instruction in the use and development of the voice, in ges- ture and in position. In Argumentation, the class studies analysis, evidence, methods of research, brief-drawing, processes of argument, and refutation. The theory, thus acquired, is applied in a series of class debates. Among the special topics which the student studies and then applies in his speech are the following: Cultivating the Imagination, Presenting Facts, Use of Illustrations, Story- Telling, Persuasion for the Business Man (Selling Talks), Persuasion for the Lawyer (Speeches to Jury), Irony and Invective (Speeches of Indignation), Impressiveness (Patriotic Addresses), Addresses of Welcome and Introduc- tions, After-Dinner Speaking. Credit 2 hours. 10 New York University Sio. Business English Mr. Kilduff Washington Square, C2 6-7.45 The main object of this course is to drill students in the use of correct and forceful English for business purposes. Lectures deal with the general principles of effective expression and impression and with their application to the types of composition most frequently used in business. Sales letter work and the general problem of selling by mail receive special attention. A great deal of practice is given in the actual work of composition in the forms of business letters, articles, reports, arguments and the like. These are reviewed and criticised in class and in individual conferences. Credit 2 hours . Finance Si. Money and Banking Mr. Foster University Heights Hall of Philosophy, 22 10.30-11.30 A practical study of the principles of money and banking will be made. Among the topics to be considered are — the nature and uses of money and credit; their relation to prices; the functions of a bank; the money market; domestic and foreign exchange; history of banking in the United States; banking in other countries; banking reform in the United States. Credit 1 hour. S2. Principles of Insurance Mr. Hardy Washington Square, C3 7-9 The aim of this course will be to present the underlying principles of the four great divisions of insurance, namely: Marine, Fire, Life and Casualty. While the main emphasis will be devoted to the underlying principles, suffi- cient detail will be given to illustrate the practical working of the business. Especial emphasis will be placed on the modern development of insurance commonly embraced under the heading Social Insurance, with a very full development of workmen’s compensation. Credit 2 hours. The Summer School 11 S3. Public Finance University Heights Hall of Philosophy, 31 9.30-10.30 Mr. Foster A study will be made of the principles of taxation, public expenditure, public debt, and financial administration in the light of American experience. For purposes of illustration, special emphasis will be laid upon the financing of the Civil War and upon recent financial legislation. Credit 1 hour. S4. Business Law Washington Square, Cl 5-7 Prof. Bacon and Mr. Bergh Sales, Mortgages and Bankruptcy. The course treats of shipments and of the management of personal property, and considers not only mortgages of real estate, but also of personal property. In addition to bankruptcy, the course includes a study of wills and of the duties of execu- tors and administrators. Geography S5. Principles of Economic Geography (Lecture) University Heights Hall of Philosophy, 32 10.30-12.30 Professor Woodman The general theme of this course is the dependence of mankind upon the earth’s history, and the physiographic features upon which that dependence rests. Reference is made especially to Physical and Commercial Geography by Gregory, Keller and Bishop; to Commercial Geography , by Robinson, and to Industrial and Commercial Geography by Smith. Reference is made frequently also to original literature, which will be at hand in the College library. Credit 2 hours . 12 New York University S7. Economic Geography of Europe (Lecture) University Heights Politics Seminar Room 8 . 30 - 9.30 Professor Woodman The physical conditions determining the economic history of Europe are first considered; then resources — mineral, vegetable and animal, and the industries arising directly or indirectly from them; power, transportation, the colonial policy are treated in turn; and finally the commercial relations between the United States and European countries, so far as affected by geographic factors. Credit 1 hour . Si. Short Stories Journalism University Heights Politics Seminar Room 10 . 30 - 11.30 Mr. Lee This course aims to give instruction and practice in the writing of short stories. Lectures and discussions deal with the history and the technique of the short story. Various types of stories will be studied, first, from the viewpoint of the author, and second, from that of the editor. Special attention will be paid to the kind of fiction demanded by the modern maga- zine. Credit 1 hour. S2. Writing for the Press University Heights Politics Seminar Room 11 . 30 - 12.30 Mr. Lee This course deals with the preparation of copy for the daily and weekly newspapers. It will also consider the various problems connected with the writing for the magazines, the supplements of the newspapers, the lit- erary weeklies, etc. It is a course in practical authorship. Credit 1 hour. The Summer School 13 Political Science Si. General Economics University Heights Hall of Philosophy, 25 8.30-9.30 Mr. Foster The purpose of this course is to give an understanding of the fundamental principles of economics. These principles will be discussed in their relation to modern business practice. Lectures and class discussion. Text and collateral reading. Credit 1 hour. S2. Principles of Politics University Heights Hall of Philosophy, 24 9.30-10.30 Mr. Loomis In this course the fundamental principles of political action will be con- sidered, including a discussion of the relations of citizen to state and govern- ment. The principles will be illustrated from the practical aspects of politics in the United States and abroad. Lectures and class discussion. Text and collateral reading. Credit 1 hour. S3. Economic Problems of Government University Heights Hall of Philosophy, 24 10.30-11.30 Mr. Loomis This course will involve a discussion of some of the important problems of government, both federal and state, as it comes in direct contact with business. Five discussion hours (one week) will be devoted to the con- sideration of each of the following topics: 1. General Principles involved in the relation of the Government to Business. 2. The Regulation of Railroads. 3. The Regulation of Corporations. 4. The Regulation of Insurance. 5. The Regulation of Labor and Labor Conditions. 6. The Regulation of Immigration. 14 New York University The course will be conducted with special reference to teachers and ad- vanced students of economics. Class reports and discussion. Collateral reading. Credit 1 hour. S 4 . Current International Problems of the United University Heights States Hall of Philosophy, 24 8.30-9.30 Mr. Loomis A discussion of the international political problems growing out of the rela- tions of the United States with Mexico during the recent revolution; the Far Eastern question; the problems in connection with the Panama Canal; and the international situation in the Balkan Peninsula. Credit 1 hour. S5. American Politics University Heights Hall of Philosophy, 24 11.30-12.30 Mr. Loomis The course will be devoted to the study and discussion of the present-day problems of politics confronting the American people, including the question of the extension of suffrage to women, the problem of direct legislation through the popular initiative and referendum, the popular recall, the rela- tion of the courts to the people, and the short ballot movement. Credit 1 hour. S6. New Tendencies in Government Mr. DeWitt Washington Square, C 2 4-6 The aim of this course is to give to the student a clear understanding of the broad outlines of the changes that are now taking place in the political divisions of the country. Changes in the nation, state, and city will be treated in turn, such as : Presidential preference primaries, commission gov- ernment, city manager plan, workmen’s compensation, minimum wage* and mothers’ pensions. Credit 2 hours. The Summer School 15 S7. Municipal Research Field Course Dr. Allen To students specially qualified, an opportunity is offered for field work in City Government in connection with the Bureau of Municipal Research at 261 Broadway. The following list will serve to indicate the wide range of subjects available for field study: Dietaries of public institutions; Use of city problems in teaching chemistry, analysis of coal, clog materials, foods; Infant Hygiene work; Tests for work certificates; Budget-making; Play- ground and recreation supervision; Cost Accounting; Inspection; Audit; Municipal reporting; Analysis, criticism and preparation of school reports; Tests of classroom efficiency; Test of school administration; City surveys and surveys of special departments; Governmental policy; Clearing house for feeble-minded. The problem taken up by each student will be deter- mined after consultation. The course will consist of field work, conferences and reports. Credit 1 or 2 hours. 3 12 105659087 16 New York University NOTICE The general bulletin of the Summer School (96 pages) giving full infor- mation regarding all the courses offered, residence, faculty, etc., is now ready for distribution. In addition, the following separate departmental announcements for the Summer School of 1914 have been published: Department of Art. Department of Music. Education of Defective Children. Kindergarten Education. Domestic Art and Home Economics. Residence at University Heights. Copies of these publications may be secured by addressing ?the Director, Professor James E. Lough, New York University, Washington Square, New York City THE LIBRARY OF THE JUN 9-1937 ijmvERsrrY of slinks