Journal Article Sorokin on Social Mobility Get access Carl S. Joslyn Carl S. Joslyn Harvard University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 42, Issue 1, November 1927, Pages 130–139, https://doi.org/10.2307/1885368 Published: 01 November 1927
Abstract The article discusses the aim and method of accounting instruction in the State University of Iowa. The university has a two-year college of commerce, and, accordingly, the majority of the students are university juniors and seniors. First-year accounting work is offered, however, to pre-commerce sophomores who are technically students in the College of Liberal Arts. This work is entirely under the control of the College of Commerce and is placed in the sophomore year primarily to enable the student to secure some business background before coming in contact with commerce work proper. In other words university believes that a knowledge accounting principles is a desirable factor in the background which will enable the commerce student to make the most out of his two years in the College of Commerce. This course is prescribed for all commerce students. There is a "raison d'etre" for first-year work in accounting. University's experience has convinced it that the student's contact with the principles course in accounting furnishes him with a knowledge of business terms, procedures, and results which will aid him materially in mastering such counts as corporation finance, money and banking, industrial management etc.
Abstract It has been seen, especially in the U.S., that for any given industry an increasing or decreasing of accounting structure parallels a similar increase or decrease in the organization. Business organization and administration tend to place emphasis upon the personal elements in business activity. Personal element, that is, recognition of the parts played by individuals within their business units, is a factor which makes vital the accounting records. Business organization expresses the relationships of owners among themselves and to operators or managers engaged in the service of the owners. A second form of relationship is found in what Is sometimes called "internal organization," organization in terms of the various functions performed by the individuals or by groups of Individuals within the business unit. In the article, a brief consideration of two types of organization relationships between the element of business organization and administration and accounting have been discussed, which include, firstly, the work of the auditor in certification, and secondly, the recent development of the operating statement for purposes of administrative control.