Reviews the book "Expense Center Accounting Manual."

Reviews two book on Accounting. "An Introduction to Budgetary Control, Standard Costing, Material Control, and Production Control" and "The Presentation of Information to Management."

The accounting practices and the periodic financial statements of many business concerns are confusing, and in some cases grossly misleading to management, investors, creditors, students and the general public. In fact, it seems on occasions that only the accountants who originated the techniques or inherited the procedures from those who preceded them can explain the logic behind the accounting methods in use. The accounting period concept is relatively a recent development in business. In antiquity the accounting period was the life of the business venture. Income, as the term is generally used, is computed by matching revenues realized with costs consumed or expired, in accordance with the cost principle. Each accountant should conduct a periodic re-examination of the accounting practices of the business concerns in which he is interested for the purpose of assuring the management and himself that every accounting procedure has been reviewed and corrected for the purpose of obtaining the most accurate matching of cost expirations and revenues that it is possible to obtain.

Reviews the book "Drug Store Accounting," by J. Brooks Heckert and William E. Dickerson.

Reviews the book "Industrial Accounting in a War Economy."