Reviews the book "Government and Business," by Vernon A. Mund.

The 1935 annual meeting of the American Accounting Association was one of the most successful and enjoyable in its history. It was held on August 30, 31, and September 1, in Philadelphia, Pennsylvania, with the Wharton School of Finance and Commerce, University of Pennsylvania, as host. A motion was made from the floor and carried accepting the report of the Committee on Nominations and instructing the Secretary Treasurer to cast a unanimous ballot for election of the above named persons. One of the most interesting aspects of the convention was the plant visitation to the Fairless Works of U.S. Steel on Friday, September 2. About 110 members of the association visited the Fairless Works, making a complete tour of the plant in the normal production sequence. The Fairless Works is a fully integrated steel producing plant from the coking of coal through the production of finished hot- and cold-rolled sheets, bar mill and tin mill products. Among the products produced at the Fairless Works are carbon high-strength and alloy steel ingots, blooms, billets, slabs bars, hot- and cold-rolled sheets, black plates, and electrolytic coated tinplate.

This paper summarizes the status of professional training for accountancy in Canada. Incorporated by the special act of the Federal Parliament in 1902, the Canadian Institute of Chartered Accountants spent the first ten years of its existence competing with previously incorporated provincial institutes, which were qualifying individuals as Chartered Accountants (C.A.) across Canada. Eventually the Ontario Legislature, Canada passed a law prohibiting the use of the title C.A. by non-members of the Ontario incorporated Institute. In Ontario, the admission requirement as a student-in-accounts is Grade XIII. For advance screening purposes, the potential student must have obtained an average of third class in the three mathematics courses of Grade XIII: algebra, geometry, and trigonometry. The potential student must obtain employment in the office of a practicing C.A. Each C.A. may employ a minimum of three students and the C.A. is responsible for giving practical experience and instruction. The prospective student may then apply to the Council of the Ontario Institute to be registered as a student-in-accounts. The genesis of the Commerce course in Canadian universities varies. In some institutions, the business administration program originated from the attempts of departments of economics and in other cases, the needs of the business community have led the universities to establish separate departments of business administration.

Reviews the book "Advanced Accounting: Comprehensive Volume," by Harry Simons and W.E. Karrenbrock.

Reviews the book "Depreciation," by Eugene L. Grant and Paul T. Norton.

The article focuses on traditional and modern accounting system. In accounting, a logical tradition may be the cost basis for recording the results of business transactions. On the other hand, some traditions may be weak logically, as, for example, the lower of cost or market inventory method. Thus, the point of disfunction between ideas, actions, or practices which are traditions and those which are not rests solely on the fact of past usage. The status of general acceptability may be attained by two main approaches, pronouncements of the American Institute of Accountants and the American Accounting Association, and a history of long usage in the past. Criticism of accounting has been prominent in recent years because of the existence of two conflicting. tendencies, the definite tendency of business and the economy and the tendency of accountants to cling to past concepts and practices. For accounting to continue to grow in usefulness, accountants must be able to adapt their practices to meet changing conditions. Accounting must also have a certain degree of stability so that uncertainty and disorganization are kept at a minimum.

Introduction, 44. — I. Motivational assumptions, 46. — II. The planning process, 49. — III. Organizational slack, 53. — IV. Empirical relevance, 55. — V. Theoretical relevance, 58. — VI. Summary, 62.

Journal Article The General Theory of Second Best Get access R. G. Lipsey, R. G. Lipsey London Search for other works by this author on: Oxford Academic Google Scholar Kelvin Lancaster Kelvin Lancaster London Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 24, Issue 1, 1956, Pages 11–32, https://doi.org/10.2307/2296233 Published: 01 July 1956