A Working Model of the Financial Dynamics of a Business

Bernard Whitney and Marion S. Israel
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Bernard Whitney: Scientific Business Programs, Inc., Los Angeles, California
Marion S. Israel: Scientific Business Programs, Inc., Los Angeles, California

Operations Research, 1958, vol. 6, issue 4, 573-579

Abstract: In this paper we do not propose to analyze whether traditional accounting statements portray the true financial picture. Nor is there need to elaborate on the time and labor required for the compilation of modern accounting statements. With few exceptions, businessmen consider them excessive, although many in the accounting field disagree. An extension of the method suggested here has made possible the successful solution of complicated accounting problems taken from CPA examinations in less than one-third the usual time.

Date: 1958
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