The article discusses a new emphasis for introductory accounting instruction. The purpose of this note is to present a proposed outline for a two semester introductory accounting course. The outline reflects beliefs regarding the direction in which introductory accounting education should and will evolve in the near future. It is hoped that this paper will stimulate discussion and research directed at improving the introductory accounting course, and in particular will encourage experimentation with new approaches in the development of teaching materials for the course. Basically it is felt that the outline provides a broader perspective of accounting, and a more balanced emphasis on breadth and depth, to the beginning student of accounting. People are critical of many, if not most, contemporary introductory accounting courses for providing too narrow a perspective by means of an overemphasis on the procedures and techniques of accounting. Accountants certainly do not advocate that procedures and techniques are not an integral part of introductory accounting. However, the outline does entail a reduction of emphasis on procedures and techniques, which is counterbalanced by an increase in emphasis on such matters as normative as well as positive views of the accounting function, the role of accounting in economic and social processes, an historical perspective, and an exposure to the variety of activities and dimensions which are encompassed by the accounting discipline, including not only financial and managerial accounting, but also auditing, information systems, taxation, quantitative methods, behavioral accounting and accounting theory.

This article presents information on audit management. The audit of management has received increasing attention in recent year. If the need for such an audit gains widespread support, the public accounting profession will face yet another challenge and a number of problems will require solution through the collective efforts of the public accounting profession, management and professional analysts. Justification for the audit could also be argued on the basis of the importance of management as a resource. American business attributes much of its success to its vast reservoir of professional managers, and is quick to identify the lack thereof as one of the barriers to success in other countries. If management is such an important resource and if it is in the interests of stockholders and the rest of society for that matter, that a particular business organization survive and grow, then it seems reasonable to conclude that these interested parties would be as interested in information concerning "management condition" as in financial condition and other indicators of ability to survive and grow.