Journal Article Heckscher, Mercantilism Get access B. F. Haley B. F. Haley Stanford University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 50, Issue 2, February 1936, Pages 347–354, https://doi.org/10.2307/1885028 Published: 01 February 1936

I. The problem of debt limitation, 71.— II. The theory of limiting debts in terms of assessed value of property — theoretical and practical defects, 73.— III. The requisites of a good debt limit, 77.— IV. A proposal for limiting debts in terms of average revenue receipts — merits of the plan, 79.— V. Details for the practical application of the plan, 84.— VI. Comparison of computed debt limits with actual debts, 87.— VII. Conclusions, 89.

I. Introduction, 594.— II. Conditions of supply of agricultural products, 595.— III. Emergency problems of agriculture, 596.— IV. Fundamental agricultural problems, 597.— V. The Agricultural Adjustment Act in relation to the problems, 600.— VI. Wheat, 601.— VII. Cotton, 603.— VIII. Livestock, 605.— IX. Dairy industry, 609.— X. Tobacco, 613.— XI. Marketing agreements, 615.— XII. Summary and conclusions, 617.

Reviews the book "Accounting Procedure for Standard Costs," by Cecil Merle Gillespie.

Reviews the book "Introduction to Principles of Accounting," by H.A. Finney.

The article discusses various aspects of professional accountancy. The discipline means the vocation of accountancy, whether practiced in the private or the public field. Accountancy is said to take pride in calling itself a profession. The specific problem to which this article addresses itself is the organization of a curriculum or course of training for professional accountancy. It should be pointed out that in the first place, the building of a curriculum is essentially a scholastic undertaking, and in the second place, that a large part of the work of a professional man or of a business executive is of necessity pedagogical in character, in that he is always faced with the task of training staff men to a proper understanding and performance of their tasks. Thus, the practitioner, as well as the pedagog, should be interested in the development of curricula and courses of training. The article presents a curriculum to address different activities of the profession. It also says that in building a curriculum, some attention must always be given to the lines of probable future development of the profession.

The university course in elementary accounting taught at the undergraduate level should serve two general purposes: first, to serve as a survey course to the general field of business-to acquaint the student with business terms and practices-to teach a thorough understanding of the theory of accounts-to indicate in as many ways as possible the use which may be made of accounting data in interpreting past results and present conditions and in making changes in policies and procedures to improve results in the future; second, to teach certain techniques of record keeping which will prove useful to the student if the occasion arises when he should find it necessary to keep records of some kind-to instill habits of accuracy, neatness, timeliness, system and order. The balance-sheet form, classifications and understanding of all common terms thereof will also be a part of this first teaching unit. A study of actual balance sheets, published by our larger corporations, will indicate how general practice complies with and is contrary to accepted practice. The ordinary and more common balance sheet ratios and their significance should be introduced at this point. With the completion of this unit of the work by the end of the first half of the first semester, or later, the student will have a vast fund of knowledge of business management, business terms and business organization.