The article focuses on accounting and price level. During the last decade accountants have become increasingly aware of the effects produced on accounting statements by the substantial change that has occurred in price levels. It is reasonable to expect that they should also show some interest in proposals aimed at adoption of a policy of stabilization of the price level, even though implementation of such a policy would call for action primarily in the somewhat alien field of monetary and fiscal affairs. Advocates of this policy maintain that the objective of Federal spending, taxing, borrowing, lending, and monetary operations should normally be maintenance of the purchasing power of the dollar in real goods. One of the fundamental arguments used to support such a program is the effect its announced adoption and actual carrying out would have upon businessmen's expectations and particularly upon their ability to plan future operations without the ever-threatening prospect of being overwhelmed in a sea of deflation or of being buffeted by the storms of violent inflation of their prices and costs.

Accounting has long been one of the most popular courses offered in our colleges, and this in spite of the difficulty of the subject matter and the high percentage of failures among the students. With a proper course of study and with competent instructors, the study of accounting offers many real benefits to the serious and diligent student. Accounting as a subject contains a great amount of factual information of value to students interested in general economic affairs and business practices. Then too, accounting is a scientific method of analysis and study of business activities. Accounting provides a valuable discipline and method of study requiring a careful and accurate analysis of business situations, neatness and precision in recording the effects of transactions, and logic and integrity in presenting and interpreting the results of financial activities. Accounting combines the mental discipline of mathematics and logic and at the same time offers a course rich in practical information.

D. C. Hague, J. H. Dunning; Costs in Alternative Locations: The Radio Industry, The Review of Economic Studies, Volume 22, Issue 3, 1 January 1954, Pages 2

Journal Article On Choosing Between Probability Distributions Get access A. D. Roy A. D. Roy Cambridge Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 22, Issue 3, 1954, Pages 194–202, https://doi.org/10.2307/2295876 Published: 01 January 1954