Reviews the book "Opportunities in Accounting," by Raymond G. Ankers.

Reviews the book "Business Loans of American Commercial Banks," by Benjamin H. Beckhart.

Abstract The article by professor Sidney I. Simon entitled "The Right Side of Accumulated Depreciation" stimulated the interest of accounting theorist. The author, a Canadian accountant, subscribes to the doctrine enunciated by Bulletin No. 9 of the Committee on Accounting and Auditing Research of the Canadian Institute of Chartered Accountants in 1953 which states that the term "reserve" is inappropriate as a description of accumulated depreciation and that this use of the term "reserve" has led to misunderstanding of financial statements. Simon, in the article cited, states that the arguments of some protagonists of the asset-deduction approach, which he opposes, are "quite negative in nature." Then he adopts a double negative approach by devoting a large part of his article to combating negative-type arguments. This author will attempt to eschew all negative reasoning and to advance positive reasons to support the viewpoint he adopts. Simon argues that many readers of balance sheets are given "the false impression that the net asset figure represents its value.

Reviews the book "Auditing-A CPA Review Manual," by Benjamin Newman.

Reviews the book "Book-Keeping System for Family Farm," by Masao Otsuki.

Abstract This article focuses on Major J. Lee Nicholson who was looked upon in the U.S. as the father of cost accounting. Accounting is by no means a new profession. There is evidence that men kept accounts as far back as we are able to find evidence of man's ability to write. One can hardly doubt that he kept some kind of mental accounts even before that. But accounting as a profession in its modern sense is relatively young. Many of its traditions have been developed within the life span of men yet living. Accounting is a profession in ferment. Within this same life span its activity has gone from that of the mere keeper of books to that of an honored authority on the entire business sphere. Where it shall be after the next life span is anyone's guess. Major Nicholson was born in Trenton, New Jersey, in 1863, but spent his early life in Pittsburgh, Pennsylvania. Because of ill-health, he "retired" to California for the last two years of his life, he died in San Francisco on November 2, 1924.

Abstract This article presents information about the course in computers. The era of the lightning-speed calculations of the electronic computer is here and well established. The machine, however, despite the rantings of the press, is not a brain, it needs a brain, a human brain, to instruct and operate it. The human brain, in turn, needs much instruction before it can instruct the machine. Herein lies a problem which must be faced by most of the colleges and universities in the industrialized countries. Course objectives can vary considerably from school to school and even from department to department within a given school. Conceivably a school with a relatively small business department would only want a course which would acquaint its students with the effects of the impact of computers on the business scene, and equip them with the elementary tools to help them cope with those effects when they enter the business world. At the other pole, a department of engineering may be interested in training engineers in computer design principles, with the aim of improving computer design.

Abstract According to a recent issue of "The Occupational Outlook Handbook" the number of students graduating from college each year in the field of accountancy declined between the years 1950 and 1954 by nearly 50 per cent. Paradoxically the need for qualified accountants has never been greater than at the present time. With demand far exceeding supply the prospect of this situation continuing, and even worsening, should give cause for deep concern and even alarm. The fulfillment of this responsibility calls for a merger of the academic and practical. This need has been evidenced by the receipt during the past few months of hundreds of requests not only for "Young Eyes on Accounting," the career pamphlet published by the Association of International Accountants in cooperation with the American Institute of Certified Public Accountants and the Institute of Internal Auditors, but also by the desire expressed by high school faculty members to be placed on the Association's mailing list for any subsequent mailing of material of this kind. The high schools are endeavoring to do the best job possible.