Reviews the book "Profit Planning Through Volume-Cost Analysis," by John Y.D. Tse.

Abstract The Committee on Long Range Planning and the Executive Committee have substantial data not previously available to assist in fulfilling their responsibility to the membership. Special thanks are extended to the hundreds of members who assisted by sending in a completed questionnaire.

Abstract One advantage of taking a CPA Review course from an experienced instructor is that it provides the inexperienced candidate with an over-view of the types of questions and subjects most apt to be touched upon. The candidate needs to acquire perspective. Many students taking the examination immediately upon finishing their university training, do not know whether three hours spent in a review of process costs will be as valuable as three hours' review of the break even point or perhaps the subject of joint ventures. A thorough application of the principles of commercial law is useful in recognizing accounting consequences of legal documents such as contracts for the sale of merchandise, bills of lading, underwriting contracts, stock option agreements, pension plans, and employee profit-sharing plans. Careful attention must be directed to outlining the special rights, privileges, and priorities of various classes of common and preferred stock. Restrictions on dividends resulting from long-term bond indentures must be properly explained. These are just a few of the items encountered.

Abstract The article presents information on recommendations made by the 1964 American Accounting Association Committee on Doctoral Programs. The committee was charged to investigate and to make appropriate recommendations concerning doctoral programs with a concentration in accounting. The primary role of doctoral programs in accounting at the present time is to prepare the student for university teaching of accounting. There are indications that the future may place increasing demands upon such doctoral programs to prepare students for a research career in public or industrial accounting. The increasing number applying for entrance to doctoral programs each year makes it possible for universities to exercise greater selectivity in the choice of students. The courses in accounting should cover thoroughly the areas of financial accounting, management accounting and the analytical uses of accounting data. Doctoral courses should be based upon an educational philosophy distinct from those of undergraduate and advanced professional programs offered by a university.

Abstract The article presents matters related to accounting for students of accounting. The students of today will be the practitioners of tomorrow. One of these is the trend toward a constantly increasing proportion of fixed to total costs. The article presents theory cases for undergraduate courses. After some examination, the writers have found a means of achieving, in part, some of these goals. In a two-hour undergraduate course called "Current Accounting Topics," an effort is made to give students something other than conventional text-book material and to encourage the discussion of matters of theory in a framework that differs from the usual problem-solving approach. The article also presents a simplified three variance technique. The basic concepts involved in calculating the three components that make up the difference between manufacturing expenses incurred and the amount that is charged to production under a standard cost system are difficult matters for most students of cost accounting. The article describes about helping accounting students to learn how to analyze a business transaction.

Abstract The path leading to a degree with a major in accounting is a rugged one at best. Obstacles are to be encountered at every turn. Many an eager student has dashed confidently down this path only abruptly to encounter a sizeable obstacle known as partnership dissolution resulting from the admission of a new partner. Managerial Accounting as a course of study represents a recent addition to the accounting curriculum of many schools of higher education. The addition of this course reflects the current demand for an approach to accounting that emphasizes the utilization of accounting data for management planning and control. At the present time many accounting departments are in the process of reevaluating their entire accounting curriculum to determine to what extent present offerings may continue to serve their traditional purpose as well as fulfill the need for an approach which takes into greater consideration the managerial aspect. The non-accounting major terminates his study of accounting with the Managerial Accounting course. The accounting major, almost without exception, takes the same Managerial Accounting course as the non-major which means that he takes the course between Introductory Accounting and Intermediate Accounting.

Abstract This article presents the report of the Committee on Doctoral Programs in Accounting. The committee made various recommendations on how to improve the Doctoral programs. It suggested that the doctoral program is the principal educational process for preparing students both for university teaching and for basic research in accounting. Hence the primary objective of the study program for the doctorate should be to develop in the student original and incisive thinking and to create an attitude conducive to study and research. As wide variations in the backgrounds of doctoral students call for individually designed programs of course work, instruction in methods of teaching and familiarity with the learning process should be a part of the doctoral program. At the end of the study program the doctoral candidate should demonstrate proficiency in accounting and a reasonable understanding of economics, statistics, the functional areas of business, the behavioral sciences, and mathematical methods. And finally the demand for college teachers of accounting should not be an excuse for lowering the standards for the doctoral program.