Abstract Reviews the book "CPA Examination Review," by Irwin Gleim and Patrick Delaney.

Abstract Reviews the book "Principles of Auditing," 6th ed., by Walter B. Meigs, E. John Larsen and Robert R. Meigs.

Abstract Arkansas State College recently experimented with a somewhat unorthodox first auditing course. At the end of the semester, students rated the course as substantially more interesting than a comparable group of students had rated the traditional auditing course the previous year. Students evaluated both courses via an unsigned questionnaire, which included the question, "How interesting is the course material?" The five possible responses ranged from 'among the most interesting' to 'among the least interesting.' The experimental course received 92.2% of maximum possible points based upon a tabulation in which the responses were valued on a 4-3-2-1-0 basis. The previous year students rated the material of the traditional course at only 74.4% of maximum. The same professor taught the two courses. The first week of the experimental course covered basic audit objectives, procedures, and techniques, as well as the organization of a certified public accountants firm. There was no additional direct study of the how of auditing. No practice case was worked. Auditing standards received a great deal of attention several weeks. A number of short-form reports from corporation annual reports were presented via an overhead projector to illustrate reporting standards.

Abstract Computation of equivalent units of production seems to be a difficult problem for many accounting students. There are at least two major reasons for this trouble. First, students attempt to memorize formulas and become confused when, in different courses, they are taught different formulas. Second, students often fail to grasp the basic concept of what "equivalent production" means. In the article a chart has been presented to solve out these problems. One of the formula that has been derived from the chart shows that the equivalent production of any industry depends upon three entities, the material transferred in, equivalent complete units of ending inventory, and equivalent complete units of beginning inventory.