Abstract Economists have long realized that over the years much of the impulse to write anew about economic principles originated in the mood of the times. This awareness of the relativity of economic thought to its time of appearance has produced a special literature history of economic doctrine. The focus of interest in accounting however has for centuries been turned toward its usefulness in practical affairs. Its evolutionary development has been strongly influenced by that fact. Its service from the beginning has been that of expressing and systematically organizing the data of economic acts and business decisions stated in quantitative terms. The acceptability of that kind of service has been so positive that the literature has been concerned with improved technology and the professionalization of independent auditing. Although the recording methodology which developed into accounting is usually called double-entry bookkeeping, a much more descriptive name would be "Italian capital-income accounting." That phrase carries a deeper significance than duality. For dual entry and equality of trial balance totals are very superficial aspects of accounting technology.

Reviews the book "An Outline of Accounting," 4th ed., by Louis Goldberg.

Reviews the book "Cost Accounting," 5th ed., by John J.W. Neuner.

Abstract A report of the activities of the American Accounting Association for 1957 offers problems similar to those encountered in accounting for inventories and for cost of goods finished in a manufacturing concern. The purpose of this report is to furnish the membership with a brief description of what the Association is doing and some of its plans for the future. The primary emphasis by the Association over its life has been on accounting education and accounting research although other accounting areas are not neglected. This continuing emphasis on education and research is quite apparent in the description which follows. The Committee on Accounting Concepts and Standards completed its revision of the 1948 version of Accounting Concepts and Standards Underlying Corporate Financial Statements. The quarterly publication "The Accounting Review," has continued to expand and improve over the years, and has become recognized throughout the world as a leading accounting periodical. During the year hundreds of individuals who receive it, including many not engaged in teaching, have complimented the Association on the quality of the content of this publication.

Abstract 1. There is significant correlation between the ACE total, quantitative, and linguistic scores and the AIA-I scores. The most consistent covariation obtained in the case of the total score rather than the quantitative or linguistic scores. 2. Students who scored below the median on the ACE total test averaged a higher percentile rank on the AIA-I test than would have been predicted from the ACE score, indicating possible over-achievement. 3. Students scoring above the median on the ACE total test averaged on the AIA-I percentile ranking approximately on par with their average ACE percentile ranking, indicating that achievement was on the level predicted by the ACE test. In conclusion, the ACE is a relatively accurate predictor of achievement in accounting as measured by the AIA-I.

Reviews the book "Interpretation of Accounts," by F. Sewell Bray.

Reviews the book "Principles of Accounting-- Introductory," by H.A. Finney and Herbert E. Miller.