IN ALL CASES WHERE LOSSES ARE ESTIMATED, FURNISH ITEMIZED LIST. General Remarks as to Condition of Bank. [State briefly your opinion as to the general condition of the bank, and whether its business is prosperous or otherwise, whether officers are capable, prudent, and of good reputation; the management efficient and successful, or otherwise; and give summary of matters to which special attention should be called, using extra sheet if necessary.] To the Comptroller of the Currency, Washington, D. C. Examiner. IMPORTANT Please answer "yes" or "no" to each of the following questions as to examination of this bank, No. over your signature. Did you count the cash, as instructed? Did you examine and list loans and discounts and all collateral held therefor, as instructed? Did you note all loans and discounts to directors and officers, and to enterprises in which they are interested, as instructed? Did you examine and list all stocks, securities, etc, held by bank, and all real estate and mortgages owned or held by it, and Treasurer's receipt for U. S. Bonds, as instructed? Did you take off or verify a balance of accounts on individual ledger or ledgers? Did you check off last statements ceived from corresponding banks and find them correct? re Did you verify outstanding certificates of deposit, certified checks, and cashier's checks, as instructed? Did you take off balance of stock ledger and examine stock certificate book, as instructed? Did you examine profit and loss and expense accounts, as instructed? Did you examine minutes of directors' meetings, discount committee meetings, and shareholders' meetings, as instructed? Did you examine into condition of lawful money reserve for thirty days preceding examination? Did you compare bank's copy of last report of condition to Comptroller with its books at same date? Have you sent out. verification circulars (Form 2193) as follows: 1. To all banks and bankers to which, or from which, balances are due? 2. To all parties from whom money has been borrowed on bills payable, certificates of deposit, or notes and bills rediscounted? 3. To all parties to whom items have been sent for collection? 4. To all officials in whose names State, county, or municipal_funds are deposited? 5. To the U. S. Treasurer (care of N. B. Redemption Agency) for verification of 5 per cent fund on Form 2195. NOTICE. Fold pages together but do not use any fasteners. Fill Indorsement with Typewriter. No. of Bank,. EXAMINER'S REPORT of The..... Located at .,190 Examiner Examiner. PART II. INTRODUCTION. In the following pages it has been sought to compile material that will be of service to the student who desires a comprehensive knowledge of accounting problems as practically presented. Inasmuch as readers of this volume may be desirous of taking and passing accountancy examinations, the first section of this Part-Section A-deals with sundry suggestions for study and with methods of preparing for such examinations. Several sets of examination questions are given, all being drawn from the questions set at various times by the New York board of accountancy examiners. In Section B is reproduced the outline of accounting terms which has been prepared for the United States Government as a preliminary to the study of its statistics of cities. The summary treatment here given is of special value in differentiating public and municipal accounting from commercial and private accounting. A considerable number of terms are clearly defined which have not been treated in Part I of the present volume, and the discussion, it is therefore believed, will be of service in supplementing the material already presented. In Section C is given material dealing directly with governmental methods of accounting, one monograph on federal accounting being reproduced. In Section D is given a treatment of the new federal corporation tax and its application to corporation account ing. This is a field of accounting which has assumed large importance in England, and in other countries where taxation has necessitated the keeping of accounts in specified ways. The field is comparatively new in the United States and it is therefore deemed wise to present first the law applying the corporation tax and the regulations under which the Federal Government has sought to put it into effect. There is also offered a treatment of the accounting phases of the subject by a student of recognized standing. In Section E is presented an outline treatment of cost accounting in which public and private methods of cost keeping are theoretically considered. This may with profit be read in connection with the section on the same subject given in Part I of the present volume. An additional exposition of some of the more difficult principles of the subject has also been reproduced. In Section F three Federal Supreme Court decisions rendered in cases involving accounting questions are offered in order that the student may familiarize himself with the lines of reasoning employed by the courts in adjudicating accounting questions. The work of the courts has become exceedingly significant in connection with accounting issues abroad, and is likely to become progressively more so in the United States. In Section G is given matter relating to, or descriptive of, certain phases of standard systems of accounts. A part of this matter is drawn from the balance sheet prescribed for the railroads of the United States by the Federal Government, and a part from a system put into effect by a large and highly organized private company. The student will profit from an examination of these systems of accounting in conjunction with the section on corporation and manufacturing accounting offered in Part I of the present volume. Very sincere thanks are due the Editor of the Journal of Accountancy, the Editor of the Government Accountant, the Editor of the Yale Review, Hon. LeGrand Powers, U. S. Census, and Hon. Lawrence O. Murray, Comptroller of the Currency, for permission to use matter presented in this Part. Particular acknowledgment should also be made to the several of those whose work is reprinted here, for the permission and encouragement they have given the present compiler, in reproducing their writings. B-VIII-14 |