Accountant's Role in Planning and Control Dick Victor has been president of Sampson Company, a multidivision textile company, for ten months. The company has an industry reputation as being conservative and having average profitability. Previously, Victor was associated with a very successful company that had a heavily formalized accounting system, with elaborate budgets and effective uses of performance reports.

Victor is contemplating the installation of a formal budgetary program.

To signify its importance, he wants to hire a new vice-president for planning and control. This fellow would report directly to Victor and would have complete responsibility for implementing a system for budgeting and reporting performance.

If you were controller of Sampson Company, how would you react to Victor’s proposed move? What alternatives are available to Victor for installing his budgetary program? In general, should figure specialists all report to one master figure expert, who in turn is responsible to the president? lop2