Abstract This article discusses the challenges in accounting in European countries. A survey of the literature of recent years indicates that leaders have long recognized that the profession should strive toward greater uniformity in accounting standards throughout the world. National backgrounds have had, and it appears will continue to have, a definite bearing on the development of the profession in different countries. Reporting practices, standards of training, and the status, which the profession has achieved, all reflect the effects of variations in the development of the nation's economy. The formation of the European Economic Community, formalized on March 25, 1957, when the six nations signed the Treaty of Rome, marked the beginning of a powerful economic union. Along with the many far-reaching effects on international trade and economic growth, its development is sure to have very definite effects on the accounting profession both within and beyond its borders. Training requirements for those seeking to enter the profession, as well as for continuing study for those already practicing, must take into consideration these broadening horizons.

Journal Article “The Demand for Money: A Cross-Section Study of Business Firms”: Comment Get access G. S. Maddala, G. S. Maddala Stanford University Search for other works by this author on: Oxford Academic Google Scholar Robert C. Vogel Robert C. Vogel Stanford University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 79, Issue 1, February 1965, Pages 153–159, https://doi.org/10.2307/1880521 Published: 01 February 1965

Abstract The purpose of this article is to evaluate the two Korean laws of 1958 and 1962 relating to price-level adjustments, to explore their background; and to suggest the importance of voluntary interest by accountants in price level procedures to meet the problems of inflation. As long as inflation remains unchecked, it appears that further government laws dealing with revaluation may be necessary. If accountants were well acquainted with the calculations to apply to each account, it might eventually be unnecessary for the government, in this case, Korea to fix multipliers, which are neither flexible nor reasonable. The Korean experiences suggest several general recommendations. It would seem important to stress broad accounting education on price level problems, to urge more active participation by the accounting profession in solving these problems, and to continue to speak for freedom in the selecting of accounting procedures such as depreciation methods. Moreover, the application of price level adjustments should not await the time consuming legal maneuvers that are usually too late in being applied.

Study fits Cobb-Douglas production function to the bituminous coal industry. Author concludes that increase in productivity is due almost entirely to increase in horsepower per worker, with residual due to work force quality changes.