JOHN P. FERTAKIS is Professor of Acccounting and Business Law at Washington State University.

• The Director's Role and Function Financial Accounting and Reporting Concepts Interpreting Financial Information The Nature of Audits and Audit Committies The Internal Financial Management and Reporting Structure The Director and the Budgeting Process The Functions of the Treasurer and the Corporate Controller The Working Relationship Between Directors and Management The Director and Company Operations Elements of Cost Control: A Director's Review Investing and Financing Decisions: Structuring the Balance Sheet The Director and Foreign Operations Annual and Other Meetings of Directors Appendix: Sundstrand Corporation Annual Report for 1986: Financial Review Section

JOHN P. FERTAKIS is Professor of Acccounting and Business Law at Washington State University.

• The Director's Role and Function Financial Accounting and Reporting Concepts Interpreting Financial Information The Nature of Audits and Audit Committies The Internal Financial Management and Reporting Structure The Director and the Budgeting Process The Functions of the Treasurer and the Corporate Controller The Working Relationship Between Directors and Management The Director and Company Operations Elements of Cost Control: A Director's Review Investing and Financing Decisions: Structuring the Balance Sheet The Director and Foreign Operations Annual and Other Meetings of Directors Appendix: Sundstrand Corporation Annual Report for 1986: Financial Review Section

JOHN P. FERTAKIS is Professor of Acccounting and Business Law at Washington State University.

• The Director's Role and Function Financial Accounting and Reporting Concepts Interpreting Financial Information The Nature of Audits and Audit Committies The Internal Financial Management and Reporting Structure The Director and the Budgeting Process The Functions of the Treasurer and the Corporate Controller The Working Relationship Between Directors and Management The Director and Company Operations Elements of Cost Control: A Director's Review Investing and Financing Decisions: Structuring the Balance Sheet The Director and Foreign Operations Annual and Other Meetings of Directors Appendix: Sundstrand Corporation Annual Report for 1986: Financial Review Section