Knowledge that Transforms

Reviews the book "C.P.A. Problem," by Jacob B. Taylor and Hennan C. Miller.

Reviews the book "The Banking Process," by R.G. Rodkey.

Abstract This article presents information regarding the faculty and admission of various university. In the University of Alabama, T.W. Wood, has gone to Howard College, Brimingham, as instructor in accounting. The School of Business Administration is establishing a Bureau of Business Research with H.H. Chapman as director. Enrollment in accounting courses continues to increase and there are now 45 juniors and seniors majoring in accounting. in the University of Chicago, W.J. Graham has been promoted to the rank of assistant professor. H.C. Daines is serving as a member of the educational committee of the Illinois Society of Certified Public Accountants. In the University of Denver, F.C. Onstott, professor of accounting, and university registrar, is visiting the chief university departments of business in the country to make an intimate study of the accounting curricula of these schools with a view to revising the curriculum at Denver. E.A. Zelliott has been added to the teaching staff in elementary accounting. E.G. Plowman has been appointed head of the work in marketing and director of the bureau of business research.

Abstract Accounting has long since been recognized as a science indispensable in its application to daily life, so much so that it seems incomprehensible that times have been, and not even very remote in which it did not exist otherwise than in extremely crude forms. Bookkeeping is such an integral part of accounting that, until recently, the words were held to be interchangeable. That is why, in endeavoring to trace the origin of accountancy, one always looks for the earliest manifestations of bookkeeping. Unfortunately, in making such assertions, one does not always duly bear in mind modern notions of bookkeeping, but if to those ancient documents the criterion of modern, representative, definitions may not be applied, confusion is bound to arise and should be obviated by giving different names such as accounting or account-keeping-to those precious relics, mute but eloquent witnesses of the glories of civilizations of the dim past. In this sense, therefore, accounting and bookkeeping are not identical and the latter indicates a state of evolution that was never reached by Sumerian, Egyptian or other such ancient cultures of which the accounting records are available.

Abstract This article makes an attempt to rationalize the relationship of accounting instruction to a liberal course of study. The lack of uniformity as to the extent and as to the type of accounting instruction offered by liberal arts colleges leads one to believe that rationalization upon this subject has not been conclusive. For the last thirty years, the addition of courses in Economics, Commerce, and Business Administration is one of the outstanding developments in the content of the curricula of colleges and universities in the U.S. The principle which differentiates schools or courses of instruction is to be found in the fundamental purpose which they are designed to serve. In a professional school courses are designed and taught with the idea of preparing men for some special function or profession in life. Accounting maybe described as intelligent counting. It is as essential in the determination of the facts of economic and business experience as are sound and adequate laboratory and field methods in the field of natural science.

Reviews the book "Aptitude Testing," by C.L. Hull.

Abstract This article presents information on happenings in several universities. In Boston University, Boston, Massachusetts Professor Henry J. Bornhofft is to be on sabbatical leave this year. Mr. James V. Toner is returning to the department after a year's absence. Mr. Arthur W. Johnson, New York University, has been appointed assistant professor in the department. The following promotions were made in the department: Edward J. Hyland, assistant professor, Charles H. Cornell, assistant professor, Raymond L. Mannix, associate professor. In University of California, Berkeley, California Mr. Paul A. Dodd, associate in economics, will be completing his work for the Ph.D. at Pennsylvania this year. Dr. Lewis A. Maverick is returning as lecturer in economics to assist in the fields of statistics and economic theory. Mr. Ira N. Frisbee was promoted to the rank of officiate professor. In University of Illinois, Chicago, Illinois Mr. C.B. Cox, assistant in accounting, is leaving to join the staff of Peat, Marwick, Mitchell and Co., Detroit. Mr. C.B. Larimore, Nebraska and W.H. Stout, Illinois, will be assistants this year. In University of Montana, Missoula, Montana Dean E.C. Line is teaching in the summer session at the University of California. Professor Sanford is doing research work in accounting with the Montana Power Co., making a special study of the federal water power requirements.

Reviews the book "Hand-to-Mouth Buying," by L.S. Lyon.

Reviews the book "Commercial Law by Cases."

Reviews the book "Forms in Modern Business Systems."