Reviews two books. "Mathematics of Finance," by Albert E. May; "Business Mathematics," by Walter F. Cassidy and C. Carl Robusto.

The film is an intangible value and it is impossible to measure its value directly. Since it is an article liable to very rapid depreciation, film amortization is a key factor. An appraisal based on anticipated earnings is the method used to measure the value of a film. Any difference in the relative value of released films results from the difference of writing such values off from time to time. As films are frequently marketed on a deferred payment basis and production costs are written off on a deferred charge basis, this contravenes good bookkeeping, which says profits should not be taken on the books until earned. As a result of better inventory methods and accounting techniques films are inventoried at production cost. The production or negative costs include studio and staff overhead, location, film, title, effects, lighting, props, set, wardrobe, acting, star, directing, scenario, and miscellaneous costs. Involved is the accumulation of all the expenses incidental to making a film and, from an accounting point of view, they represent a sizable amount of deferred charges, even though they are included in current and working assets.

Reviews two volumes of the book "First Year in Accounting," vol.1, "Fundamentals," vol.2, "Principles."

Reviews the book "Cost Accounting for the Pharmaceutical Industry."

"Practically the course in corporation finance as it has been given for a number of years at the School of commerce, accounts and finance of New York university."-Pref.