The article discusses about the planning concepts in the "tentative statements of cost concepts." In this article, a portion of that document is discussed from the point of view of the business manager who would attempt to apply it. It is the purpose of this paper to examine the cost for planning portion of the statement. The business manager has been told that he is to discount future outlays, necessarily measured outlays, at an appropriate rate of interest; again he is later told that future costs, that lend themselves to measurement, are to be discounted at a rate which reflects time, risk, uncertainty, etc., and finally he is told other costs which cannot be measured, but must be "considered." To the business manager's way of thinking, any cost to which a dollar and cents figure is attached has been measured; and in essence he has been told to handle these costs in three quite different ways. All costs in the future, by the very nature of the uncertainty of the future and the time element involved, carry some element of risk which must be allowed for. In conclusion, the authors stated that it is much, much easier to criticize original thinking than to do that same thinking. The tentative statement has certainly accomplished one of its main objectives, i.e., to stimulate further study and discussion of the accounting information needed by management, but also has gone well beyond.

When a student enrolls in one of our classes we feel, as we are sure you do if you are a teacher, that we have an obligation to give him everything, accounting- wise, that one can during the time in which he is with others. In fact we feel that this obligation or responsibility encompasses not only the student but also his parents, the accounting department, the university, the state and last but not least the accounting profession. People feel sure that in many instances the use of visual aids helps in fulfilling this obligation. Not only are such aids frequently time-saving in the presentation of a given amount of information, but also they often permit one to present a greater quantity of information and, at the same time, more up-to-date information. Transparency projection, although one of the newest types of projection, is, in many instances, rapidly becoming one of the most popular. This type of projection, which is basically the same as that frequently used in bowling alleys whereby scores are grease-pencilled on transparent sheets and projected upon a screen, often provides an instructor with many opportunities for imparting more information in less time.