Abstract In this article the author focuses on the problem of evaluating the progress and achievement of students who take courses in business subjects in collegiate schools of business. The author remarks that too little attention is given to the subject, and yet, no matter how carefully the curriculum may have been planned, if the instructor errs in the evaluation of the achievements of any student by grading him at or above the passing mark when such a mark is not really deserved and earned, an injury has been done to the student, to the college, and to the business community in which the student will later seek employment. Many instructors base their grades solely upon the proportion of the subject matter of the course that the students give evidence of having learned. Students regard the grades they receive as evidence of their attainments. If their grades are high, they rightly consider that they have done well, if low, they consider that something is wrong. It is very important that the instructor, before grading the students at 90, should take into consideration everything that is necessary to enable him to do well in his first employment.

Abstract The subject of theory and practice in accounting is usually conceived as one of theory versus practice, thereby implying conflict rather than cooperation. It is a subject about which many misconceptions exist in the minds of those who have given no serious thought to the very close correlation between the two. It is probably not very far from the truth to assert that these misconceptions have arisen because of a failure to distinguish between the ability to accomplish a desired result and the scientific principles and rules of procedure in accordance with which the work must proceed if the desired result is to be obtained. there never can be any conflict. The theoretical aspect of accounting is that which views it as a science, albeit not an exact science (because of the human element) and the theories of accounting are nothing but principles expressing the result of the scientific analysis of the significance of the financial condition or the operating results of a business enterprise and of the methods needed in order that they may be properly expressed and interpreted. The practical aspect of accounting is that which views it as an art, viz., the practical application of the theories of accounting to the solution of the problems of business.