2022-09-232022-09-231953195313645463https://hdl.handle.net/10657/11813It is the purpose of this study to provide operating management, namely the division superintendent, with comparisons of capital expenditures and budget estimates for each operating division. In order to provide such comparisons, the accounting system and procedures for recording changes in fixed asset and relative reserve accounts must be revised in order to identify the capital expenditures applicable to each operating division. The resulting procedures must also provide the necessary accounting information required to prepare financial statements for reporting changes in investments in fixed assets and relative reserve accounts. In this study the accounting system and accounting procedures used for recording changes in fixed asset and relative reserve accounts were analyzed and studied to determine what information is available in the accounting records, how it is obtained, and whether or not it could supply information required to make comparisons of capital expenditures and budget estimates for each operating division. The accounting system for fixed assets was designed to supply information on an over-all and Company-wide basis and was not designed to supply the information required for each operating division; therefore, it was necessary to propose several revisions. The chart of accounts and budget categories were not constructed in a parallel manner. Comparable classifications in the chart of accounts and budget categories have been suggested. The accounting system did not provide a means of controlling the accounting applicable to each department or to the operating divisions within the departments. One accounting office handled all accounting for fixed assets and relative reserve accounts for two operating departments. A system of departmental and operating division codes was suggested to provide accounting controls for each department and operating division. Capital additions and all other types of transactions which apply to fixed asset and relative reserve accounts were determined by an analysis procedure subsequent to vouchering into the accounting records. After a thorough study to determine the types of transactions which were required for financial statement and budget comparison purposes, a series of type of transaction codes was developed. It was suggested that the type of transaction codes be made a component part of regular accounting distribution procedures. The type of transaction codes will provide a means of identifying and controlling capital expenditures and all other types of transactions which are required for financial statement purposes. The Company uses electric tabulating equipment in recording and accumulating accounting records for fixed asset and relative reserve accounts. Consideration was given in the proposed revisions to adapt the procedures for electric tabulating equipment in order that the revised system could utilize this equipment.application/pdfenThis item is protected by copyright but is made available here under a claim of fair use (17 U.S.C. Section 107) for non-profit research and educational purposes. Users of this work assume the responsibility for determining copyright status prior to reusing, publishing, or reproducing this item for purposes other than what is allowed by fair use or other copyright exemptions. Any reuse of this item in excess of fair use or other copyright exemptions requires express permission of the copyright holder.Thesisreformatted digital