The article presents information on a business course initiated on an experimental basis at Boise State College. The educational syndrome afflicts a great many junior and senior students. This affliction is characterized by a lack of enthusiasm for course materials, a failure to integrate the various disciplines into a meaningful knowledge base, a concentration on achieving high grades rather than high levels of understanding, and a grudging tolerance of business disciplines which are not a part of the student's major field of interest. The basis for the course is a legally chartered non-profit, tax-exempt corporation licensed to conduct a variety of business activities. The corporation's board of directors consists of six student members and three administration representatives. Grades for the course are recommended by the students and are based on a standard evaluation form which is filled out by each student supervisor. In turn, the supervisors are evaluated by their respective subordinates. These recommended grades are submitted to the class instructor who makes the final determination.

Abstract Reviews the book "The Auditor's Reporting Obligation," by D. R. Carmichael.

Abstract The article reviews the book "Intermediate Accounting," fifth edition, by Harry Simons.

Abstract The article reviews the book "Perspectives on Electronic Data Processing: A Book of Readings," edited by James D. J. Holmes.

I. Specification of an objective function, 497. — II. Ranking a set of feasible programs, 499. — Conclusion, 501.

The article focuses on an assignment developed to teach accounting students the use of test decks in verifying the performance of an operating data processing system. The assignment was developed in a manner which minimizes both class time and student time required to give the students a clearer understanding of the use of test decks and their limitations. Only one additional class hour was required. Since most of the additional class time is spent orienting the students to a realistic computer accounting program, the time spent should not be considered as solely aiding the test deck presentation in that the instructor can later use the students' exposure to a typical computer application as a basis in discussion of further computer-related topics and/or contrast with similar manual systems. The program used to process the student test decks actually simulates a payroll program. Since many parameters which affect payroll processing change frequently, most of them are read by the program as data at the beginning of each run. The program will process a batch of up to 200 student decks in one run.

Abstract The article explores the goal congruence of net realizable value (NRV). The NRV model would have various properties after the evaluation of a decision at the end of period T to hold an asset. A correct decision was made if the NRV income for period T+1 is positive. The NRV income for period T+1 will be negative if an incorrect decision was made at time T. The decision at the end of period T to hold an asset may have been correct is the NRV income for period T+1 is negative. However, if it was correct, another condition must hold.