Journal Article Rents, Rates and Incomes in Bristol Get access A. W. T. Ellis A. W. T. Ellis Bristol Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 11, Issue 2, 1944, Pages 99–108, https://doi.org/10.2307/2295971 Published: 01 January 1944

Journal Article The Economies and Diseconomies of Industrial Concentration: The Wartime Experience of Coventry Get access A. Shenfield, A. Shenfield Birmingham Search for other works by this author on: Oxford Academic Google Scholar P. Sargant Florence P. Sargant Florence Birmingham Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 12, Issue 2, 1944, Pages 79–99, https://doi.org/10.2307/2296092 Published: 01 September 1944

Journal Article Labour for The War Industries: The Experience of Coventry Get access A. Shenfield, A. Shenfield Birmingham Search for other works by this author on: Oxford Academic Google Scholar P. Sargant Florence P. Sargant Florence Birmingham Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 12, Issue 1, 1944, Pages 31–49, https://doi.org/10.2307/2296012 Published: 01 January 1944

Abstract Reviews the book "Standardized Accountancy in Germany," by H.W. Singer.

I. Summary and conclusions, 388. — Loss offset provisions, 391. — II. The rationale of investment behavior: yield and risk defined, 393; yield and risk of an asset combination, 398; investor's indifference map and investment equilibrium, 402. — III. Taxation without loss offset: effects of the tax on yield and risk, tax sensitiveness, 403; adjustment of asset combination held, 405. popular versions of the argument, 408. — IV. Taxation with full loss offset: effects on yield and risk, 409; total risk and private risk distinguished, 410; adjustment of asset combination held, 411; total risk increased as result of tax, 412. — V. The general case, taxation with variable loss offset: effects of varying tax rate and varying loss offset, 415; adjustment of asset combination to changes in tax rate, with given loss offset, 418; adjustment to changes in loss offset, with given tax rate, 419. — VI. Qualifications, 421.

Abstract It is not unusual for accounting teachers to stress knowledge as an important aspect of preparation for a career in professional accounting. And it is perhaps understandable that sometimes they may not show full appreciation of the existence of other factors besides technical competence. Accounting practitioners, on the other hand, often emphasize the fact that qualities other than technical competence contribute greatly to successful professional service. Perhaps they sometimes give the impression that personal factors are more important than technical preparation. In one occupation rating scale constructed from data supplied by twenty industrial and vocational psychologists, occupations of university professor, oculist, civil engineer, journalist are classified in the first category of high abstract intelligence. But no mention is made there of the certified public accountant (CPA) or his counterpart in industry, the controller. It is not necessary to assert that a CPA is the intellectual equal of an oculist, a journalist, an engineer, or a professor, in order to point out that there may be a real question here concerning the adequacy of sampling which omits an important occupation.

Abstract The article discusses the advisability of discarding a fixed asset which can still be used and which may still be capable of earning profits and substituting for it a newer model. The author further states the fact that depreciation and obsolescence are sometimes treated as separate problems. If it is no longer wise to use an asset because new methods produce greater profits, then that asset has only a scrap value, it may have depreciated in use or it may have been used hardly at all, but it is obsolete, and must be written off. An asset is obsolete if the prime costs of using it are greater than the total costs of equivalent production using a new asset in its place. Businessmen may hesitate before scrapping an asset because it has become obsolete in the sense in which the word is defined above. Conditions may change and, unless the margin of benefit is considerable, it will be advisable to wait until the benefit appears to be permanent. In competitive industries, a failure to scrap old equipment may lead to heavy loss because a lower selling price will soon be fixed, based on the costs of production by the new method.

Abstract Professor Thomas W. Leland has been appointed as education director of American Institute of Accounts. According to the press, his work for the institute will include development of refresher courses sponsored by the institute and collegiate schools of accounting for members of the accountancy profession returning to their practice after war service. Included also in the educational program to be administered by Leland will be relations with state boards of examiners of states which have officially adopted the standard American Institute examination for certified public accountants. In this phase, Leland will work with the board of examiners of the institute. He will also be concerned with other educational activities of the organization. In expanding its service to the profession, the institute is making increasing use of staff comprising of various functional heads. A technical assistant is provided in normal times for each of several important research committees and a director of research is retained to coordinate the work.