Reviews two books. "Advanced Accounting Problems-Theory and Practice" and "Workbook to Accompany Advanced Accounting Problems," by Irving J. Chaykin and Max Zimering
Abstract The Committee on the Uniform CPA Examination was appointed February 28, 1948, in response to a request in 1947 from the Board of Examiners of the American Institute of Accountants. The board suggested the appointment of an Association committee to undertake a study of the examinations of recent years, with a view to suggestions that might improve future examinations. The commitment from Institute's President was interpreted broadly to include coverage of the board's examination procedures, the content of the uniform CPA examinations, timings, weightings, grading, and any other items, which the committee might deem pertinent. The committee wishes to acknowledge the fullest cooperation on the part of the board of examiners of the American Institute of Accountants and especially of its chairman, J. William Hope. It believes the board has made a sincere effort to better its examinations and procedures and no better evidence is needed than the request of the board for a survey by an independent organization. The comments, opinions, suggestions, and recommendations in this report are in no way offered in a spirit of derogation or fault finding, but rather in the hope some helpful and progressive ideas are incorporated herein.
Abstract In January 1947, the Board of Examiners of the American Institute of Accountants requested the appointment of a committee of the American Accounting Association to survey the board's examination procedures, the content of the Uniform CPA examinations, timings, weightings, grading, and any other items, which the committee deemed pertinent. Such a committee has been functioning the past year. The committee is not yet in a position to render a formal report, and the remarks and opinions in this paper should not be considered necessarily representative of committee consensus. Nevertheless, the speaker has not hesitated to draw upon the ideas and research of members of the Committee on the Uniform CPA Examination or on the ideas and research of others. Examiners have a tremendous obligation and responsibility to the profession, the states and territories delegating duties to them, and to the candidate. The approach of the examiners should be objective; it is their responsibility to determine the standards set by examination and grading. Educators may help in construction and arrayal of data, timing, weighting, and suggestions as to grading procedures and techniques.
Abstract In October, 1946, President Eric L. Kohler with the then President elect Professor Hermann C. Miller, appointed the Committee on Revision of the Statement of Principles of the American Accounting Association. The appointment of a special committee on revision of the Statement of Principles represented a significant departure from past procedures. As the members of the Association well know, efforts in the past to formulate and summarize accounting principles were those of the Executive Committee of the Association. The Committee undertook first to survey opinion which would aid it, first, in deciding whether a new statement of principles was desirable and, second, if deemed desirable by the Committee, in the formulation of such a statement. It was believed a democratic procedure must offer each member of the Association an opportunity to express himself; that each member must feel he had been given an opportunity to state his position and thoughts. The Committee decided the most economical coverage could be obtained through the medium of the accounting review.