It is becoming increasingly popular, in first-year accounting courses, to emphasize the use of accounting information for management purposes. To accomplish this in a first-year course it is necessary to eliminate or de-emphasize certain phases of accounting that traditionally have been considered an integral part of first-year accounting. There is not time to cover everything and include an introduction to managerial accounting. The new emphasis represents the first significant change in accounting since accounting became differentiated from bookkeeping. It is a healthy sign, and it means that first- year accounting will be a more dynamic and useful experience. An accountant needs to have a firm foundation in techniques as well as principles and therefore it is the duty of the teachers to provide them with basic education an accounting major requires. Deficiencies in accounting techniques can be overcome by assigning a practice set at the beginning of the study of intermediate accounting.

Reviews the book "Income Tax Procedure," by C. Rollin Niswonger and James B. Bower.

Reviews the book "Information for Administrators: A Guide to Publications and Services for Management in Business and Government," by Paul Wasserman.

Reviews the book "Advanced Accounting," by Arthur W. Holmes and Robert A. Meier.

A recent article appeared in the "Wall Street Journal," captioned, "Businessmen, Professors Disagree on Subjects Best for Commerce Career, But No One Favors 'Vocational' College." The occasion for this article was the publication of a study made by the Society for the Advancement of Management concerning the courses businessmen and college professors considered essential for a well rounded education for business. It was not surprising that businessmen and professors were unable to agree in all cases, as educators themselves find numerous areas of disagreement concerning curricula content. The results of this study are interesting because of the emphasis given to the study of accounting as a preparation for business. Of more significance, however, was the recognition given to the so-called cultural courses of study. The demands placed upon accountants are such that a thorough technical training plus a broad general background are essential for success in this area of work. This is particularly true in the field of public accounting.

Reviews the book "Intermediate Accounting--Comprehensive Volume," by W.E. Karrenbrock and Harry Simons.