Abstract The subject of "Accounting Leadership and Responsibilities in Industry" is extremely broad, but it is also extremely vital. To discuss such a vital accounting subject on the campus of The University of Texas seems fitting because the University and the College of Business Administration are certainly interested in providing business with leaders. There are several areas of accounting responsibility in industry, and there is more than one school of thought as to the scope and extent of accounting responsibility. Also, there are discussions pro and con as to whether accountants can assume the responsibilities that management and industry expect them to assume. The author wish, therefore, merely to express his personal views as to the adequacy of accounting concepts and as to whether these concepts are broad enough to permit the accountant to assume the responsibilities that are his. Such remarks are confined to an outline of a few of the points involved. Accountancy can give credit for its tremendous growth to the advent of the industrial revolution, to the acceptance of scientific industrial management, and in the last two decades, to technological advancement in industry and the growth and predominance of large organizations with wide dispersion of activities, producing many different products.
Fladger F. Tannery (Tue,) studied this question.