The article presents a survey accounting problems on accounting problems warranting additional research. In an attempt to provide a guide to prospective researchers as to which accounting and financial problems are of greatest current importance to industry, the writer surveyed the controllers or other chief financial officers of the eighty corporations which in 1957 derived at least half of their total revenues from manufacturing or mining and which had sales of more than $500 million. The most frequently mentioned problem was that of inflation and its effects on depreciation charges of companies. Many respondents believe that it is an extremely serious financial problem and one which adversely affects the overwhelming majority of businesses in the U.S. The statements on this subject were almost evenly distributed between the problem of how to obtain the legislative changes necessary to halt the taxation of business capital which is presently occurring and the problem of how to account for and present price level changes in financial statements.

Because of the rather limited information currently available about accounting educational practices in the nation's colleges and universities, a survey was conducted in late 1962 to determine current practices at that time of the members of the American Association of Collegiate Schools of Business. The results of this survey were published in the July 1963 issue of The Accounting Review. This survey disclosed that virtually all schools offer the same elementary accounting course to accounting majors they offer to non-accounting majors, and that the most frequently followed practice was in use by well over half of the schools with respect to the number of practice sets required in elementary accounting and in basic cost accounting, and with respect to semester hours of credit for intermediate accounting, basic cost accounting, and basic auditing. Two-thirds or more of the schools have adopted either the most widely used or second most widely used text in intermediate accounting, basic cost accounting, and basic auditing. Considerably more diversity of practice exists among the schools with respect to textbooks currently in use in elementary accounting and as regards the semester hours required for a bachelor's degree in accounting.