The Contributions of John Lansing Carey to the Profession of Accountancy, Volume 10 (Studies in the Development of Accounting Thought)

249 Pages·2007·1.39 MB·English

by  Laurel Anne Barfitt

THE CONTRIBUTIONS OF
JOHN LANSING CAREY TO
THE PROFESSION OF
ACCOUNTANCY
STUDIES IN THE DEVELOPMENT
OF ACCOUNTING THOUGHT
Series Editor: Robert J. Bricker and Gary Previts
Volume 1: Henry Rand Hatfield: Humanist, Scholar, and
Accounting Educator, 2000
Volume 2: Foundations for the Future: The AICPA from
1980–1995, 2000
Volume 3: The Story of a Fortunate Man: Reminiscences and
Recollections of Fifty-Three Years of Professional
Accounting, 2000
Volume 4: Development of the Income Smoothing Literature
1893–1998: A Focus on the United States, 2001
Volume 5: The Murphy-Kirk-Beresford Correspondence,
1982–1996: Commentary on the Development of
Financial Accounting Standards
Volume 6: Doing Accounting History: Contributions to the
Development of Accounting Thought
Volume 7: Accounting: How to Meet the Challenges of Relevance
and Regulation
Volume 8: The Life and Writings of Stuart Chase (1888–1985):
From an Accountant’s Perspective
Volume 9: Seekers of Truth: The Scottish Founders of Modern
Public Accountancy
STUDIES IN THE DEVELOPMENT OF ACCOUNTING
THOUGHT VOLUME 10
THE CONTRIBUTIONS OF
JOHN LANSING CAREY TO
THE PROFESSION OF
ACCOUNTANCY
BY
LAURIE A. BARFITT
Delta State University, USA
Amsterdam – Boston – Heidelberg – London – New York – Oxford
Paris – San Diego – San Francisco – Singapore – Sydney – Tokyo
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CONTENTS
DEDICATION vii
ACKNOWLEDGEMENTS ix
LIST OF ABBREVIATIONS xi
CHAPTER 1 INTRODUCTION 1
CHAPTER 2 BIOGRAPHY 17
CHAPTER 3 HISTORY, ENVIRONMENT, AND 35
BACKGROUND OF THE ACCOUNTING
PROFESSION
CHAPTER 4 HISTORY OF THE AMERICAN 51
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS,
ITS PREDECESSORS, AND CONTEMPORARY
ORGANIZATIONS
CHAPTER 5 ANALYSIS OF PUBLISHED WORKS 75
AND SPEECHES
CHAPTER 6 BUILDING A PROFESSION 91
CHAPTER 7 ETHICS 113
CHAPTER 8 THE PAST AND THE FUTURE OF 145
ACCOUNTING
CHAPTER 9 SUMMARY AND CONCLUSIONS 175
v
vi CONTENTS
BIOGRAPHICAL SKETCH OF AUTHOR 183
BIBLIOGRAPHY 185
APPENDICES 197
INDEX 225
DEDICATION
Thisbookisdedicatedtomyparents,ArleneandDavidCowden,whohave
instilled in me a life-long interest in learning and teaching. Growing up, it
was understood that all their children would attend college and acquire a
degree; it didn’t matter to them what area in which we majored. And, to
date, all of my siblings have bachelor’s degrees; all have taken classes be-
yond their bachelor’s degree. My sister, Holly, has taken classes toward a
second bachelor’s degree. My brother, Bill, my sister, Carol and I all have
master’s degrees; my sister, Barbara is currently working on hers.
Iattributemysuccesstotheencouragementofmyparentsthroughoutmy
educational formative years. Grades were important to them, but learning
andunderstandingthematerialwasmuchmoreimportant.Icanremember
manydinnerhoursspentatthekitchentable,learningour‘timestables’and
‘states and capitals’. Family trips were spent visiting historical sites and
learning about the geology, geography, and importance of the places in
which we stopped.
The learning process has never ended, but continues today. My parents
watch the Discovery and PBS channels. They are avid readers, which is
another quality handed down to all their children. They continue to be an
inspiration to me. This work is a culmination of my educational and re-
searchabilities,todate,inheritedandinfusedinmebythem.Fortheirlove
and encouragement, I dedicate this work to them.
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ACKNOWLEDGEMENTS
There are many people who have made contributions to the successful
completion of this research project. I am deeply grateful for the assistance
and feedback given by my dissertation committee. First, I would like to
thankDr.DaleL.Flesher,chairmanofmycommittee,whohelpedmefind
the topic, made suggestions on the organization and substance of the
project,anddirected thewriting. Iwouldalsolike tothanktheother mem-
bers of my committee: Dr. Rick Elam, for his insightful suggestions for
narrowing the scope of the research project and for his knowledge of the
American Institute of Certified Public Accountants (AICPA); Dr. Tonya
Flesher, for refining and improving my writing and wording; Dr. Royce
Kurtz, for finding ‘elusive’ articles and government documents in the
library.
Many others contributed to the furtherance of this project: Bea Sanders,
Vice President of AICPA Academic & Career Development and Don
Schneeman, retired General Council and Director of Ethics, who agreed to
talkabouttheirmemoriesofCarey;ShannonWilliams,whotranscribedthe
interviews; the research, Interlibrary loan, and archival librarians at The
UniversityofMississippiwhofoundinformation,articles,andpictures;and
Leticia B. Romeo and Marlene Gallagher, assistants to Bea Sanders at the
AICPA, who helped find information on the Carey Scholarships.
I thank the Patterson School of Accountancy of The University of
Mississippiforfinancialassistanceprovidedthroughgraduateassistantships
andtheAICPAlibrary forprovidingpart-timeemploymentwhile pursuing
my degree. I appreciate Delta State University for their support in class
scheduling and release time, which enabled me to finish my coursework.
IamalsogratefultomycolleaguesintheSchoolofBusiness atDeltaState
University and especially in the accountancy department, for inquiring
aboutmystudywithoutpushing,andfortheirencouragementandsupport,
andforallowingmeto‘monopolize’thegraduateassistantsandworkstudy
students to free up my time for research and writing.
My family and friends have endured much while this process has been
ongoing. I am grateful for their patience and understanding, for their en-
couragementandwillingnesstolisten,fortheirsuggestionsandeagernessto
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