Knowledge that Transforms

The article presents the author' suggestions on the teaching of the principles of accounting. The author had tried several methods in getting the contents of a chapter on accounting principles across to the students. The method author had used and which had brought he most gratifying results is the procedure of building the lecture and discussion around an appropriate problem. The problem needs to be short enough and yet as inclusive as possible in regard to the theories to be discussed. Students are asked to contribute to the solution of the problem as the solution is being developed on the board. Definitions, procedures, and various theories on a particular point are brought to the student as the solution progresses. Enough time is allowed so that he can write intelligent and meaningful notes. It may also be well to summarize at this point the factors which are found to be very helpful toward the encouragement of class participation. The students are asked to contribute to the solution of the problem being developed on the board.

Reviews the book "Case Problems in Finance," by Pearson Hunt and Charles M. Williams.

Reviews the book "Montgomery's Auditing," by Robert H. Montgomery, Norman J. Lenhart, and Alvin R. Jennings.

Reviews the book " Controlling Factors in Economic Development," by Harold G. Moulton.

Reviews the book "Cost Accounting," by James H. March.

Reviews the book "Sources of Business Administration," by Edwin T. Coman.

Reviews the book "Mathematics for Finance and Accounting," J.B. Coleman and William O. Rogers.

Reviews the book "Introduction to Business," by Melvin Anshen.

Reviews the book "Differences in Net Income for Accounting and Federal Income Taxes," by Clarence F. Reimer.

The Department of Accounting at the Ohio State University, Columbus, Ohio, has established an Accounting Hall of Fame to which will be elected living North Americans who have made outstanding contributions at any time to the field of accounting—public, private, governmental, or educational. Additional elections will also be made to honor posthumously those whose contribution would have warranted election if this Hall of Fame had been established earlier. The faculty of the Department of Accounting has appointed a Nominating Board of forty-five, consisting of fifteen public accountants, fifteen industrial and governmental accountants, and fifteen accounting educators. Appointments to the Nominating Board will run for three years (except the initial appointments), and one-third of each class will be appointed each year in order to maintain the full membership of the Board. Accountants elected to the Hall of Fame will be invited to attend the annual Institute on Accounting sponsored each May at the University.