ABSTRACT
Twenty-five years ago, the accountant's function in industry was primarily limited to the historical recording of the financial operations of the business. Of course, there were exceptions to the above description; but, nevertheless, it faithfully pictures the accountant's function in industry in the years 1925 to 1930. The industrial accountant needs a strong university education where he must specialise in industrial control and management, either while pursuing his university courses or afterwards. The accountant must have a perfect knowledge of the enterprise, know the working of all departments and interaction between the major divisions of the enterprise and know the control points of each of them. By joining a professional association of industrial accountants, the accountant will be able to compare his own experience with that of his colleagues and their research in common will contribute in selecting techniques that have given the best results in general management of business, in lowering cost, in increasing the workers’ standard of living.
