Reviews the book "A Primer to the Automatic Office," by William Eustis.

Reviews the book "Bookeeping Procedures and Business Practices for Small Hospitals."

Reviews the book "Standards of Education and Experience for Certified Public Accountants."

The author of this article examines the source and supply of teachers. He emphasizes on the publicization of teaching as a career recommending that every staff member of a school of business administration should advertise the advantages of the teaching profession. The second point he highlights is making the profession more attractive by increasing salary scales, recognition of good teaching and productivity, and encouragement of ways to promote greater efficiency. Thirdly he emphasizes on the encouragement of graduate work leading to teaching careers which include financial assistance for students, procurement of master's degree, realistic doctoral programs for potential teachers. Fourthly, he recommends the encouragement of experienced public accountants to assume teaching duties. He also recommends the encouragement of ex-teachers to assume full or part-time teaching responsibilities, tapping non-accountant sources which are related discipline for teaching assistance and using retired qualified talents. He finally proposes the re-examination of the demand for teachers by noting several points

Reviews the book "Studies in the History of Accounting," edited by A.C. Littleton and B.S. Yamey.

Reviews the book "Cost Accounting," 2nd ed., by Adolph Matz, Othel J. Curry and George W. Frank.

The accountant most certainly needs some knowledge of tax planning regardless of the area of his specialization. Most business executives are aware that there are opportunities to save on taxes. The nature of these opportunities is not nearly so well known. Consequently, they are frequently overlooked and unnecessary tax obligations are incurred. It is important that tax saving opportunities be recognized when they arise. While it is sometimes possible to take advantage of opportunities which were overlooked on an earlier date, the usual result of tardy recognition is a lost opportunity. Taxes cannot be neglected because it is net income after taxes that is important. In view of the importance of tax planning in the management of business, it seems desirable that instruction in the subject be made available to all students of business administration. The interests and needs of different classes of students vary widely and must be considered in determining the extent and timing of their work in tax planning. Organization of a separate course in tax planning has a number of disadvantages

Reviews the book "Price Level Changes and Financial Statements--Basic Concepts and Methods," by Perry Mason.

The full value of the internal auditor's work can be realized by management only if the findings and recommendations of the auditor are clearly communicated to management. In the early days of internal auditing, reports frequently followed the pattern set by long-form reports of public accountants. In the last fifteen years there has been a remarkable change in the concept of the proper functions of an internal auditor. When a company has sustained a loss in a previous year, this loss may be used to offset taxable income for the succeeding five years. In September, 1950 the Committee on Accounting Procedure of the American Institute of Accountants issued a bulletin dealing with Business Combinations or, as they are more commonly known, pooling of interests. The bulletin dealt with those situations involving issuance of capital stock for assets or capital stock of another company where the transaction might more appropriately be dealt with as a pooling of interest, rather than in accordance with the general rule that such issuances constituted acquisitions of assets, as they would if the consideration given was cash rather than stock

Reviews the book "Elementary Accounting," by Edwards and Meier Maynard Holmes.