Reviews the book "Measuring Business Changes," by Richard M. Synder.

Reviews the book " The Great Enterprise," by Herryman Mauer.

The article presents some problems prepared by the board of examiners of the American Institute of Accountants as part of an examination in accounting practice. The first problem required a student to prepare a schedule showing the cash payment of the buyer to the selling party, profit and loss statement of the company involved in the transaction and total taxable income statement of the selling party on the basis of information and conditions given to him. The second problem required the student to prepare a schedule showing how cash payments should be made to partners who are selling, with the realization of assets. The third problem required the student to prepare entreaties to reflect the exchange on the books of a corporation and compute depreciation on the purchase made by the corporation on the basis of the entreaties. The fourth problem required the student to prepare a statement accounting for the decrease in net working capital and a statement accounting for the decrease in cash on the basis of the information supplied. The solutions to each of the problems have been provided

Accountancy and economics have the same objectives of cognition. Both branches examine the individual economic cell as well as the entire economic body of a country. In the center of these studies are the administration of scarce resources and the determination of income and production volume. It is often emphasized that the economist assumes the national, community or social point of view while the accountant is limited to the individual enterprise. But actually both branches have sections which deal with the national economy, that is, with the economic organism as an entity, or with the link between two or more national economies and both have sections dealing with firms, that is, with the ultimate bricks of this more highly organized structure. Business accounting can be regarded as that part of accountancy which is engaged in the studies of the firm, and microeconomics is its counterpart in economic analysis, while national accounting on one side, and macro-economics on the other, are dealing with the over-all picture of the economy.

The training of recruits for a profession is a topic of perennial interest to practioners of the art as well as to educators. This can be seen in a variety of circumstances, in the formal qualifications required of candidates for admission, in the many discussions of the problem which stud the literature, in the continuous existence of committees on education in professional organizations, in the responses of practitioners to invitations to appear before students, and in the occasional appointment of commissions to review the educational process. This concern is vital to the improvement of the profession and perhaps to its continued existence. For instance, the College of Accountants in Venice, which was founded in 1581 and later achieved a status similar to that of state boards of accountancy, admitted members to the college or society by requiring, first, a certificate of fitness from a magistrate, second, an apprenticeship of six years, third, a certificate from a magistrate on the legal attainments of the candidate, fourth, a declaration by the accountant under whom he had served as to his ability, fifth, an examination before a board of examiners, and sixth, another examination before the governing body.

Reviews the book "Municipal Public Works Cost Accounting Manual," by Walter O. Harris

Reviews the book "Governmental Accounting," by R. Merrill Mikeshell.

Reviews the book "Profit Management and Control," by Fred V. Gardner.

The author discusses the impact of new revenue code on accounting. He describes the effects of taxation and tax laws on accounting theory and practice. He discusses the probable effects of changes in taxing rules on accounting practice. He clarifies the possible effects of tax rules on non-tax accounting by way of illustration. He further mentions two new methods which may be used for tax purposes, which are, the double-rate declining balance method and the sum of the years-digits method. He mentions the effects of changes that occur when a taxpayer changes from accrual method of reporting installment sales to the installment method and changes in the selection of fiscal years for tax purposes. He discusses the change that could affect the willingness of taxpayers to change from an accounting method for accounting purposes. He briefly mentions the minor changes which effected in bringing tax accounting closer to financial accounting and code changes which affect accounting indirectly. He mentions the responsibilities of the accounting profession in face of the new internal revenue code.

Reviews the book "Sixth Annual Tax Accounting Conference--1955."