Knowledge that Transforms

Reviews the book "America's Capacity to Produce," vol. 1, by Edwin G. Nourse and others.

Reviews the book "Some American Proposals for War Debt Revision," edited by E.L. Bogart.

Reviews the book "Intermediate Accounting,' vol. 1, by Jacob B. Taylor and Herman C. Miller.

Abstract The article presents a report to stock holders reflecting the findings of the Committee on Statistical Reporting and Uniform Accounting for Industry, for presentation to the Business Advisory and Planning Council for the Department of Commerce, with respect to the financial reporting of corporations to their stockholders. The Committee has surveyed the area of activities referred to it with a view to determining both the relative importance and the urgency of the several problems that are arising. The field covered by the words 'uniform accounting' is extensive. Many phases of accounting theory and practice are still in a controversial stage. The conclusion was inescapable that if the Committee hoped to accomplish any practical results it should limit the scope of its inquiry to one or two subjects which offered possibilities for tangible accomplishments within a reasonably short space of time. Business life by investment and the desirability of having it conducted upon the soundest basis possible, very soon brought to fore the question of the published reports by which listed companies furnish financial information to their stockholders and to the business public generally.

Reviews the book "The Federal Securities Act Manual," by George C. Thorpe and Challen B. Ellis.

Reviews the book "The Practical Application of Investment Management," by Dwight C. Rose.

Reviews the book "A Study of Corporation Securities, Their Nature and Uses in Finance," by Arthur Stone Dewing.

Reviews the book "Great Britain and the Gold Standard," by H.F. Fraser.

Abstract Independent research in business is demanded increasingly with the ever-changing conditions of production, marketing, finance, and consumption. Ability to examine, to organize, to draw logical conclusions from, and to report upon available data is needed. This requires the services of a trained research worker. Training for this work is best provided in college or university postgraduate years. It is assumed that the basis for graduate work in accounting shall be determined largely by accepted standards for graduate work generally. A restatement of such standards, with some comments, may therefore be justified. It is believed that thesis standards are more or less generally established under independent scholarship. It also include an appropriately limited subject, a definitely stated purpose or problem, adequate collection of data by various means, reasoning-organization, analysis and conclusions. Moreover, written expression of the work done, which is the basis of the conclusions too finds a mention in the standardization.

Reviews the book "The League of Nations: World Economic Survey 1932-33."