[From nobody Wed May  2 10:55:01 2007
From: Gray E Fowler &lt;gfowler@raytheon.com&gt;
To: NSRCA Mailing List &lt;nsrca-discussion@lists.nsrca.org&gt;
Subject: Re: [NSRCA-discussion] NSRCA contrubution to nationals
Date: Wed, 2 May 2007 18:40:33 +0000
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Buddy your are right!

I thought I saw Dave Brown on a cruise ship heading to Drambuie, not 
shooting skeet off the stern, but flying an electric pattern foamy. I 
thought nothing of it until he bought a drink with an AMA Amex card.


Gray Fowler
Senior Principal Chemical Engineer
Radomes and Specialty Apetures
Technical Staff Composites Engineering
Raytheon


BUDDYonRC@aol.com 
Sent by: nsrca-discussion-bounces@lists.nsrca.org
05/02/2007 01:07 PM
Please respond to
NSRCA Mailing List &lt;nsrca-discussion@lists.nsrca.org&gt;


To
nsrca-discussion@lists.nsrca.org
cc

Subject
Re: [NSRCA-discussion] NSRCA contrubution to nationals


Eric
A very good analysis of what happens. It appears that you have finally 
outlined the problem which makes it impossible to assure that the cost of 
the Nat's is what it is.
 
I was in business for forty years and thoroughly understand the situation. 

In the several cases where this type of accounting was discovered in my 
company, most ended up as being self serving to those involved. 
 
In one case I discovered that members of my accounting staff and their 
friends and familles had taken a Caribbean cruse and billed it as a 
business meeting and charged the cost to an unrelated on going project 
that resulted in project cost over runs.
In this case they got greedy and got caught when these over runs were 
audited. This was a typical case of the lack of adequate accounting 
practices with checks and balances that serves to keep the fox out of the 
hen house.
 
I am not suggesting that this is the case with AMA accounting, only 
pointing out the need for adequate rules of accounting and checks and 
balances that will provide the information that the membership requires 
and deserves.
 
Thanks for providing the information that provides the NSRCA portion of 
the facts of the situation. 
 
Buddy


See what's free at AOL.com. 
_______________________________________________
NSRCA-discussion mailing list
NSRCA-discussion@lists.nsrca.org
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&lt;br&gt;&lt;font size=2 face=&quot;sans-serif&quot;&gt;Buddy your are right!&lt;/font&gt;
&lt;br&gt;
&lt;br&gt;&lt;font size=2 face=&quot;sans-serif&quot;&gt;I thought I saw Dave Brown on a cruise
ship heading to Drambuie, not shooting skeet off the stern, but flying
an electric pattern foamy. I thought nothing of it until he bought a drink
with an AMA Amex card.&lt;/font&gt;
&lt;br&gt;&lt;font size=2 face=&quot;sans-serif&quot;&gt;&lt;br&gt;
&lt;br&gt;
&lt;br&gt;
Gray Fowler&lt;br&gt;
Senior Principal Chemical Engineer&lt;br&gt;
Radomes and Specialty Apetures&lt;br&gt;
Technical Staff Composites Engineering&lt;br&gt;
Raytheon&lt;/font&gt;
&lt;br&gt;
&lt;br&gt;
&lt;br&gt;
&lt;table width=100%&gt;
&lt;tr valign=top&gt;
&lt;td width=40%&gt;&lt;font size=1 face=&quot;sans-serif&quot;&gt;&lt;b&gt;BUDDYonRC@aol.com&lt;/b&gt; &lt;/font&gt;
&lt;br&gt;&lt;font size=1 face=&quot;sans-serif&quot;&gt;Sent by: nsrca-discussion-bounces@lists.nsrca.org&lt;/font&gt;
&lt;p&gt;&lt;font size=1 face=&quot;sans-serif&quot;&gt;05/02/2007 01:07 PM&lt;/font&gt;
&lt;table border&gt;
&lt;tr valign=top&gt;
&lt;td bgcolor=white&gt;
&lt;div align=center&gt;&lt;font size=1 face=&quot;sans-serif&quot;&gt;Please respond to&lt;br&gt;
NSRCA Mailing List &amp;lt;nsrca-discussion@lists.nsrca.org&amp;gt;&lt;/font&gt;&lt;/div&gt;&lt;/table&gt;
&lt;br&gt;
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&lt;table width=100%&gt;
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&lt;div align=right&gt;&lt;font size=1 face=&quot;sans-serif&quot;&gt;To&lt;/font&gt;&lt;/div&gt;
&lt;td&gt;&lt;font size=1 face=&quot;sans-serif&quot;&gt;nsrca-discussion@lists.nsrca.org&lt;/font&gt;
&lt;tr valign=top&gt;
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&lt;div align=right&gt;&lt;font size=1 face=&quot;sans-serif&quot;&gt;Subject&lt;/font&gt;&lt;/div&gt;
&lt;td&gt;&lt;font size=1 face=&quot;sans-serif&quot;&gt;Re: [NSRCA-discussion] NSRCA contrubution
to nationals&lt;/font&gt;&lt;/table&gt;
&lt;br&gt;
&lt;table&gt;
&lt;tr valign=top&gt;
&lt;td&gt;
&lt;td&gt;&lt;/table&gt;
&lt;br&gt;&lt;/table&gt;
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&lt;br&gt;
&lt;br&gt;&lt;font size=2 face=&quot;Arial&quot;&gt;Eric&lt;/font&gt;
&lt;br&gt;&lt;font size=2 face=&quot;Arial&quot;&gt;A very good analysis of what happens. It
appears that you have finally outlined the problem which makes it impossible
to assure that the cost of the Nat's is what it is.&lt;/font&gt;
&lt;br&gt;&lt;font size=2 face=&quot;Arial&quot;&gt;&amp;nbsp;&lt;/font&gt;
&lt;br&gt;&lt;font size=2 face=&quot;Arial&quot;&gt;I was in business for forty years and thoroughly
understand the situation. &lt;/font&gt;
&lt;br&gt;&lt;font size=2 face=&quot;Arial&quot;&gt;In the several cases where this type of accounting
was discovered in my company, most ended up as being self serving to those
involved. &lt;/font&gt;
&lt;br&gt;&lt;font size=2 face=&quot;Arial&quot;&gt;&amp;nbsp;&lt;/font&gt;
&lt;br&gt;&lt;font size=2 face=&quot;Arial&quot;&gt;In one case I discovered that members of
my accounting staff and their friends and familles had taken a Caribbean
cruse and billed it as a business meeting and charged the cost to an unrelated
on going project that resulted in project cost over runs.&lt;/font&gt;
&lt;br&gt;&lt;font size=2 face=&quot;Arial&quot;&gt;In this case they got greedy and got caught
when these over runs were audited. This was a typical case of the lack
of adequate accounting practices with checks and balances that serves to
keep the fox out of the hen house.&lt;/font&gt;
&lt;br&gt;&lt;font size=2 face=&quot;Arial&quot;&gt;&amp;nbsp;&lt;/font&gt;
&lt;br&gt;&lt;font size=2 face=&quot;Arial&quot;&gt;I am not suggesting that this is the case
with AMA accounting, only pointing out the need for adequate rules of accounting
and checks and balances that will provide the information that the membership
requires and deserves.&lt;/font&gt;
&lt;br&gt;&lt;font size=2 face=&quot;Arial&quot;&gt;&amp;nbsp;&lt;/font&gt;
&lt;br&gt;&lt;font size=2 face=&quot;Arial&quot;&gt;Thanks for providing the information that
provides the NSRCA portion of the facts of the situation. &lt;/font&gt;
&lt;br&gt;&lt;font size=2 face=&quot;Arial&quot;&gt;&amp;nbsp;&lt;/font&gt;
&lt;br&gt;&lt;font size=2 face=&quot;Arial&quot;&gt;Buddy&lt;/font&gt;
&lt;br&gt;&lt;font size=2 face=&quot;Arial&quot;&gt;&lt;br&gt;
&lt;br&gt;
&lt;/font&gt;
&lt;br&gt;
&lt;hr&gt;&lt;font size=2 face=&quot;Arial&quot;&gt;See what's free at &lt;/font&gt;&lt;a href=&quot;http://www.aol.com?ncid=aolaof00020000000503/&quot; target=_blank&gt;&lt;font size=2 color=blue face=&quot;Arial&quot;&gt;&lt;u&gt;AOL.com&lt;/u&gt;&lt;/font&gt;&lt;/a&gt;&lt;font size=2 face=&quot;Arial&quot;&gt;.
&lt;/font&gt;&lt;font size=2&gt;&lt;tt&gt;_______________________________________________&lt;br&gt;
NSRCA-discussion mailing list&lt;br&gt;
NSRCA-discussion@lists.nsrca.org&lt;br&gt;
http://lists.nsrca.org/mailman/listinfo/nsrca-discussion&lt;/tt&gt;&lt;/font&gt;
&lt;br&gt;
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