The Accounting Principles Board of the American Institute of Certified Public Accountants, in its meeting on April 11, 1959, took the position that Accounting Research Bulletins issued by the predecessor Committee on Accounting Procedure should be considered as continuing in force with the same degree of authority as before. Thus, the concept of income tax allocation discussed in Accounting Research Bulletin continues to have official support. The present study shows that the income tax allocation concept, applied on an intraperiod basis, also has support in practice as evidenced by a survey of the financial reporting practices of eighty-two firms covering the years 1961, 1962, and the first six months of 1963. The problem of intraperiod income tax allocation arises when there are both normal, recurring items such as the results, positive or negative, of business operations and extraordinary items such as gains or losses on the sale of plant and equipment occurring in the same year.

This article presents information on accounting education in the U.S. Accounting is not a process that is concerned exclusively with passing the Certified Public Accountants (CPA) examination. Yet, many professors understandably take great interest in their students' success with the exam. Avoiding the old argument of accounting education versus CPA examination preparation, the paper reviews "CPA examination preview clinics," programs through which accounting educators can help CPA candidates without "teaching the exam" in their classes. At the same time, participation in CPA preview clinics is another small way of bringing accounting practitioners and educators together. The purpose of the paper is to outline what is being done by the various state societies of CPA to aid candidates in their preparation for the Uniform CPA Examination and, hopefully, to encourage college and university accounting instructors to take part in programs sponsored in their areas. Passing the CPA examination is not an easy task. The need that candidates have for guidance and instruction in preparing for the CPA examination is being met in an organized manner in a few states through the "CPA preview clinic."

This article provides information on a study that presented an elementary accounting profile in the U.S. during the academic year 1969-1970. During the academic year 1969-1970, a four-page questionnaire relating to elementary accounting was sent to the heads of accounting departments at all schools accredited by the American Association of Collegiate Schools of Business. Administrative matters relate to such things as the number of credit hours to be granted for the course, the level of student to which the course will be offered, and whether or not a special course in elementary accounting will be offered. The schools replying to the questionnaire provided the following information relating to administrative matters. The schools in this study favor the sophomore level for the student's first exposure to accounting instruction. Sixty-seven of the schools teach elementary accounting at the sophomore level, 18 schools teach elementary accounting at the freshman level, while the remaining three schools either did not answer the question or teach elementary accounting above the sophomore level.

The article discusses a study that investigated the attitudes of accounting students towards the elementary accounting course. The authors of the study compared the effectiveness of the traditional practice set versus the business game in teaching elementary accounting principles. They conclude that there is work to be done on a continuing basis if basic accounting instruction is to improve and obtain a greater acceptance as a stimulating subject. The students are a very trying jury and yet their attitudes bear importantly on the future of accounting and accountants in terms of the image conveyed by the use of either term.

Reviews the book "Principles of Accounting: Intermediate," 6th ed., by H.A. Finney and Herbert E. Miller.