Thursday, May 3, 1951
Outlook for
Accountants
Outlook Summary:
Good employment prospects for
Certified Public Accountants (CPA)
and others with considerable experi
ence, at least in next few years; keen
competition among the inexperien
ced. Continued upward trend in em
ployment in long run.
Fields of Employment:
There are many types of account
ing work, ranging from partnerships
in accounting, firms and controller
ships in corporations to jobs at the
clerical level. Accountants may en
gage in either public or private prac
tice. Public accounting firms are us
ually headed by C. P. A.'s although
they often employ other accountants;
they render service to a number of
clients on a fee basis. Private ac
countants work on a salary basis
either for a single business establish
ment, keeping accounts of that busin
ess, or for Government agencies in
such jobs as auditor, bank examiner,
or tax examiner. In early 1948 there
were about 30,000 C.P.A.'s, but alto
gether probably eight or nine times
that number of persons were engag
ed in accounting work. Less than 10
percent were women, and many of
those were in teaching positions;
about 400 women were C.P.A.'s.
How To Enter:
Employment requirements vary
with the type of work. A bachelor's
degree with a major in accounting
or a related field, or a diploma from
a school of accounting is usually re
quired for the better jobs, though ex
perience may be substituted for part
of the formal education. To qualify
as a certified public accountant and
receive the certificate from a State
board, one must meet certain educa
tional and experience requirements
and pass a rigid examination. Eigh
teen States have regulatory accoun
tancy laws under which only regis
tered accountants or certified public
accountants can practice public ac
counting. Only one of these now al
lows registration of noncertified pub
lic accountants, although the other
17 formerly did so.
The accountant usually begins in a
minor job—compiling data, preparing
invoices, or as a junior assistant on
the staff of a C.P.A. Advancement
may be rapid for able accountants
with sufficient educational prepara
tion, but inadequate training often
results in routine jobs with little op
portunity for promotion except in
cases of unusual ability. Experience
in accounting is an excellent back
ground for many types of jobs such
as credit manager, controller, pur
chasing agent, budget officer, and
many executive positions.
Outlook:
There is a shortage of qualified
accountants (early 1948), which is
more pronounced in some localities
than in others. Employment oppor
tunities have increased in recent
years because such factors as com
plex tax systems and a growing em
phasis on scientific management in
industry. The war greatly increased
the demand for accounting services,
especially in the Government. While
Government personnel requirements
have fallen off, the upward trend in
private industry still continues. Many
employers, newly introduced to the
value of accounting services during
the war, now see the advantage of
maintaining production control sys
tems, regular auditing services, and a
variety of other accounting practices.
Teachers are now badly needed to in
struct the greatly increased member
Blue Jeans Capers at Women's Organization Dance
"Line up for the Grand March," shouts Clyde Bell as Anna Mae Everitt, "I crown thee, Bill Deppe and Ruth Bones, King and Queen of Fools."
Frank Nowak, Eleanor Carr, Joseph Hastings, Anna Erlemann, and Ed Paul Williams dooes the honor at the Blue Jeans Ball on April 30.
McGee prepare to begin square dancing.
of students in schools of business ad
ministration and accounting.
Public accounting firms in some
areas are now obliged to turn away
business because of a shortage of ex
perienced accountants. This in turn
has created surpluses of inexperien
ced workers, who cannot be employ
ed without senior accountants to sup
ervise them. The shortage of experi
enced accountants will soon be re
lieved, since many of the veterans
now being trained are mature enough
to be given responsibilities after a
relatively short period of experience.
Even so, the surplus of inexperienced
workers is likely to become greater
because of the large number now in
training.
There are some employment oppor
tunities for accountants in every
community and in nearly all indus
tries, but the greatest number of jobs
as well as the keenest competition,
will continue to be in industrial cen
ters such as New York and Chicago.
However, the decentralization of in
dustry has increased the demand for
accountants in the smaller industrial
communities. Throughout the coun
try, the trend toward increased use
of accounting services can be expec
ted to persist over the long run, pro
vided that general business activity
remains at a high level.
HASTINGS Hitting It
"In the spring a young man's fancy
lightly turns to thoughts of base
ball. At almost any time of day, one
can see the boys engaging in the
favorite pastime. On the lawn near
the pool, out on the circle, and on the
road, the boys are patching and
catching. And from the athletic field
come the familiar cries of 'play ball,'
"pitcher's blowing up," and "kill the
umpire." If one should drive up to
the school in the evening, he would
see the dorm boys playing right up
until dark and even after —if the
score is tied.
Since it is not possible with the
facilities on hand to play "hardball,"
the boys are satisfying themselves
with softball. An intramural softball
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HAZLETON COLLEGIAN
ell calls "Circle left," and a group of H.U.C. students begin "Duck the oyster, then the clam."
Ex-Center Student
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All senior counselors at the camp
will be college men training for pro
fessional careers and with years of
camping experience. The camp is
located in an area rich with Indian
lore and the sites of old Indian vil
lages and battles.
Nearby is the beautiful Wapwal
lopen Creek with its famed "Little
Niagara" Falls at the Powder Hole
in Powder Glen, where the Dupont
Powder Mill ruins shattered by an
accidental blast, can still be seen.
Members of the camp committee
are Chauncey E. Davis, executive
secretary of the Hazleton Chamber
of Commerce; Thomas L. Hinkle, su
perintendent of Hazleton schools;
Matthew L. Leib, executive vice pres
ident of the Hazleton Federal Sav
ings and Loan Association; Anthony
B. DeCosmo, of the board of direc
tors of the Hazleton Red Cross chap
ter; Dr. 0. R. Hoch, of Freeland;
Mrs. Arthur Kostenbauder, first vice
president of the Hazleton Women's
Club and chairman of the Youth
Canteen advisory committee.
The May Queen and Maid of Honor
Procession Charlotte Bodin,
Ruth Bones, Rita Bradish, Mary Lou Gagliardi, Josephine Mag
agna, Pearl Paternoster, Betty Perna, Shirley Petchel, Candida
Ramaviglia, Mildred Romanell, Loretta Romanofsky, Dorothy
Romanofsky, and Dolores Swenson.
Crown Bearer Josephine Donish
Heart Bearer Beverly Morgan
Key Bearer Marian Lipinsky
Scroll Bearer Dorothy Claypotch
Fres'hmen Attendants Irene Rondish, Jacqueline Rothacker
Sophomore Attendants Betty Harlor, Helen Honsberger
Maid of Honor Helene Smith
Flower Girls Mary Belle Krecker,
Jane Peyton, Kristin Carpenter, Lois Pavone, Maureen Coyne
Jane Margwarth
May Queen
Organ Selections Fred Houser
Dance Flower Girls
Waltz John Kurtz,
Betty Harlor, John Prehatny, Jacqueline Rothacker, Bernard
Rachilla, Irene Rondish, Gene Gibbons, and Helen Honsberger
German, Math-Engineering, Dormitory
Paul Williams, Jester
Club Presentations
Reading of the Class Will
In order to familiarize the students with the interpretation of the cere
mony, the Collegian is publishing a short description of the coronation pro-
(Continued from page 1)
Crowning of the May Queen
Recessional
(Continued on page 4)
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