Abstract The article presents information on the accounting exchange. Plans are being made that have much promise for bringing the American Institute of Accountants and the American Accounting Association into close cooperation for considering the educational problems of accountancy. Joint meetings are being planned to explore ways of finding and expressing ideas that may aid in the continued development of education for careers in accountancy. It is evident from the tentative agenda of topics for discussion, that plenty of useful work is waiting. Some of the topics for discussion are: (1) curricula for persons preparing for accountancy, (2) programs for the employment of college graduates best qualified for public accountancy, (3) desirable content for a pamphlet for the use of persons planning for careen in accounting. (4) preparation of an up-to-date bibliography of important books on accounting and its related fields of specialization, (5) policy to be followed by the Institute in meeting requests for recommendations as to schools in which to study accounting (6) programs of staff training and (7) plans for lectures by members of the Institute before student bodies.

Abstract Representative programs from sixty colleges and analyses of them have appeared in four earlier issues of periodical The Accounting Review. In the section published in October the educational pattern was presented in a number of frequency tables showing the distribution of courses among the several departments of instruction. It is now proposed to show the pattern as it is reflected in the titles of the courses taken by this group of sixty students. The commerce courses will be examined first. These include accountancy, economics, business administration and business law. The data about courses in non-commerce subjects will follow. The content of a specific course is not too well foreshadowed by the title of the course. And this limitation would still apply in some degree if the text book used were also named. Although course names are not standardized and sometimes seem unnecessarily vague, they nevertheless can furnish some useful clues to the educational pattern followed by the students concerned. For students who major in accountancy, the courses in that department naturally bulk large in most programs. At the top of the list are the courses called by various titles that indicate they are introductory and intermediate.

Abstract The article presents information on treatment of income taxes in corporation income statements. The provision for income and excess profits taxes has become a very important item in the income statement of most corporations. In determining the amount, description and placement of this item in the statement, the following questions may require consideration: (1) should federal and state income and excess profits taxes be treated as (a) a cost of doing business, or (b) a distribution of profits? (2) if the earnings of an enterprise for a fiscal period are partly from ordinary operations and partly from special nonrecurring transactions, should the amount of tax applicable to each class of earnings be separately deducted from such earnings or should all earnings of the enterprise first be combined into one figure and the total income and excess profits tax deducted in a single sum? (3) If an allocation of the tax total between classes of income is permissible, may the same principle be applied if one class of transactions has resulted in a profit and the other in a loss? That is, may the statement be arranged to show the saving in taxes as a deduction from the loss, while the full tax without benefit of the saving is deducted from the profit?

Sarah C. Gillespie, K. W. Rothschild; Migration and the Distributive Trades, The Review of Economic Studies, Volume 13, Issue 2, 1 January 1945, Pages 81–8

Abstract Reviews the book "Industrial Accounting, War and Post-War Problems."