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Book Tackling tech: Suggestions for the undergraduate in technical school or college

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Tackling tech: Suggestions for the undergraduate in technical school or college

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    Available in PDF - DJVU Format | Tackling tech: Suggestions for the undergraduate in technical school or college.pdf | Language: ENGLISH
    Lawrence Wickes Conant (Author)

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated.1922 Excerpt: ... comes from home run short of cash several times during a term. This is because they do not look ahead in the matter of finances. It is just as important to plan your finances as to plan your time, your energy, or your work. In business, financial planning is done by means of a budget. A good personal expense account serves as an individual budget. It will help you to adopt businesslike methods in handling your finances and by its aid you can plan your income, your expenditures, and your savings in advance. Satisfaction from Businesslike Methods A second benefit which comes from handling your personal finances in a businesslike manner is the personal satisfaction to be derived. This feeling of satisfaction will appeal more strongly to some than to others, but it is something which may well be cultivated. The greater advance you make in handling your financial affairs in an efficient, businesslike manner, the greater the enjoyment you will derive. Practical Value of Knowing How to Keep Accounts It is quite possible to learn much regarding accounting methods from your bookkeeping sys tem. A professor at the Massachusetts Institute of Technology, who had formerly been employed as manager of a small mine, told me of his first experience as assistant to the treasurer of the company. For several years he had kept a simple set of books for his personal accounts. Shortly after he began work with the company the treasurer died. In the emergency the new assistant was called to take over the company's books and bring them up to date. His training as a mining engineer gave him little help. It was only through the knowledge gained with his own personal accounts, and by relying upon the assumption that all necessary transactions must have been recorded on the books at lea...
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