PROFESSIONAL EXAMINATIONS.
This article presents problems, which were prepared by the Board of Examiners of the American Institute of Accountants, and were presented as the first half of the Certified Public Accountants (C.P.A.) Examination in Accounting Practice on May 3, 1954. The candidates were required to solve problems 1, 2 and 3 and either problem 4 or problem 5. The total weight assigned to this section of the examination was 50 points. Weights were not assigned to the individual problems but a suggested time for each problem was given. The Bloom Florist Shops are owned and operated by Sumner Bloom in two separate locations. Mr. Bloom has called you in for assistance. He states that until two years ago he operated only a small card and flower shop in an adjoining town. At that time he opened a new and modern shop in the city and affiliated with the Florists Telegraph Delivery Association. Although he has had large gains in sales and profits in these last two years, Mr. Bloom has never effected any substantial improvement in his financial condition. He has looked into the problem from the personnel and physical standpoints and is satisfied with the honesty of the employees and the conformity of his product, service, and price with that of other florists. He asks that one look over the profit statement prepared for the prior fiscal year. It is his intention that this should be on a cash basis.
- DOI
- 10.2308/tar-7059479
- Volume
- 30 (1)
- Pages
- 145-154
- Language
- en
- Export
- BibTeX
- Sources
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