Abstract The article discusses the significance of introducing important tax provisions into advanced accounting. Many accounting courses could be improved significantly by the brief introduction of related tax considerations, preferably in a non-technical fashion. This is particularly true in the case of advanced accounting courses wherein consolidated financial reporting for multi-entity organizations is usually given considerable attention. Decisions regarding the form of corporate and tax reporting for multi-entity organizations are highly tax-influenced. Tax planning is the art of determining in advance what tax liability will result and then conducting transactions with a view toward reducing the income tax burden. In the area of multiple corporations' a group has a choice of accomplishing the same results by more than one method-one of which may result in a lower tax liability. In order to minimize the tax burden, however, management must understand the interrelationship between business operations and the tax liability. A chart was first developed as a testing device for an advanced accounting course. Since students performed so poorly on the question it was later utilized successfully as a teaching aid-originally in an advanced course and subsequently in a tax course.

Abstract Reviews the book "Taxation of Multinationals in Communist Countries," by Paul Jonas.

Abstract The article discusses several books about various topics. Some of the books are: "Deterring Fraud: The Internal Auditor's Perspective," by W. Steve Albrecht, Ketth R. Howe and Marshall B. Romney, "Management Control in Nonprofit Organizations," 3rd ed., by Robert N. Anthony and David W. Young, "Business Expansion Scheme," by Brian Armitage, "Bank Accounts: A World Guide to Confidentiality," by Edouard Chambost, translated by Peter Walton and Margaret Thompson, "The Tangled Web of Price Variation Accounting: The Development of Ideas Underlying Professional Prescriptions in Six Countries," by F.L. Clarke, "Fore-Runners of Realizable Values Accounting in Financial Reporting," edited by G.W. Dean and M.C. Wells, "Careers in Accounting," by Gloria L. Gaylord and Glenda E. Ried, "Bridges to Infinity: The Human Side of Mathematics," by Michael Guillen, "Bond Duration and Immunization: Early Developments and Recent Contributions," edited by Gabriel A. Hawawini, "Foundations: The Greenwood Encyclopedia of American Institutions," edited Harold M. Keele and Joseph C. Kiger, "The Impact of Taxes on U.S. Citizens Working Abroad," by Ernest R. Larkins.