Reviews the book "Cost Accounting: Principles and Procedures," by Charles H. Langer.

Reviews the book "Audit Practice Case," by Harvey G. Meyer.

Reviews the book "Introduction to Business," ed. 2nd, by Edwin H. Spengler and Jacob Klein.

One of the important practical problems in governmental accounting is the preparation of reports the essentials of which can be understood by the reasonable informed portion of the public. There are two methods of approach to the problem of increasing the public's understanding of financial reports. One approach is through education, colleges and universities have been doing practically all the educating that has been done. Through the colleges, the courses of business administration have been sending forth each year a substantial number of people who, being fairly conversant with the various problems of municipal accounting, were in a position to understand the financial reports of their various communities if, as, and when presented to them. The second approach to the problem is in the presentation of municipal financial reports. Each report when issued might contain some explanation of the operation of the fund principle upon which the reports are prepared. Care must be exercised in the number of funds displayed in these columnar reports, and often combination of similar funds can properly be made for this columnar presentation. Certainly the report to be effective must make comparisons of the budgets with the actual performance. Each report requires careful study so that such budget comparisons may be informative without being so voluminous as to be confusing.

Reviews the book "Federal Income-Tax Course."

In the last generation there has been a decided change in the position and responsibilities of the accounting profession. This change is not an isolated phenomenon. It ties in with both the current changing relations between business and government and the long-run development of the accounting profession. It is part of a disturbed and unstable economic and social situation which has led accountants and many other groups to seek guidance in the formulation of basic principles. In order to appraise the present position in any respect, the most effective background for the task is a survey of past developments or an account of how the present position was arrived at. Such a survey for accounting would reach far beyond the limits of one brief discussion. Nevertheless a background is needed and if a complete one is not possible, an incomplete treatment is better than none at all. The process of evolution in accounts as an accounting for the costs of business operations is still going on at an unabated pace. Current changes are to be viewed in the light of a development which reaches back through the whole history of modern accounting. The process of evolution in accounts as an accounting for the costs of business operations is still going on at an unabated pace. Current changes are to be viewed in the light of a development which reaches back through the whole history of modern accounting.

Reviews the book "Depreciation, Principles and Application," 3rd ed., by E.A.Saliers.