Abstract A system has been defined as the orderly arrangement according to some common law, a collection of rules and principles, or the method of transacting business; an accounting system has been called the chief aid, the indispensable tool of modern industry with which management will understand, control, and direct all operations of the business. The primary function of the system is the compilation of information in order to present it to management for control purposes. The manufacturing procedure and shop methods will lead to a consideration of the type of pay, the control of inventories, the problem of costing tools, dies, jigs, facilities, the methods of collecting hours worked, and many other problems. The creation of a system and a procedure division in many a company indicates that this phase of office activity has gained in creasing recognition and will undoubtedly continue to do so. Only the organized and coordinated effort of all employees, from president to office boy, can assure the successful conduct of the business. The system unites the various links into a continuous chain through all departments and activities.

Abstract Reviews the book "Standardized Accountancy in Germany," by H.W. Singer.

Abstract The article focuses on cost accounting in Germany. The author has presented the defined principles and objectives of German accounting, together with a uniform accounting plan in one of his articles. The Board of Industrial Economy has continued its work with regard to improvement in all fields of accounting. The purpose of these "General Principles of Cost Accounting" is to assist in achieving increased economy in production, for it is believed that a cost-accounting system based upon these principles will lead to a correct ascertainment and clear conception of all costs involved. Such a system will promote cost supervision, estimate, price determination and cost comparison within the plant or within the industrial group. All these steps will contribute to the final goal: increased economy and greater performance in business and industry. The performance of a business is definitely determined by its costs. The influence, which a profound knowledge of costs will have upon the formation of prices within an enterprise must further-more result in cleaner conduct among competitors.

Abstract From September 19-24, 1938, occurred the Fifth International Congress on Accounting in Berlin, Germany, which brought together German accountants and trustees, and representatives from appropriately forty foreign nations. This convention was again the occasion for discussions on the real status of the accounting profession within the new national pattern. To indicate the position of the German accountant is the object of this paper. The last five years have brought an abrupt about-face in political, cultural, social, economic and professional Thinking in Germany. No phase of national life has remained untouched. Because the efforts and endeavors of every individual are first to serve the welfare of all the people, the education of the individual to the ideology of National Socialism is a most necessary prerequisite. While alignment to the new pattern was accomplished very quickly in many fields, the professional occupations remained aloof from the new mode of thought; but now, with the aid of legal and educational forces, they, too, are following the trend. Among the professions, the accountant, whether private or public, has always occupied an honorable and important position.