Abstract The article discusses several issues related to the training for the controllership. The approach has been that any discussion of training for controllership must start with a definition of objectives and a division of the problem into sections. Economists have been concerned here with training for the administrative, policy-making responsibilities of the controller and his immediate assistants. Various methods of training have been recognized but a combination of formal academic work with an organized apprenticeship program has been accepted as the most promising. To apprenticeship has been left the task of developing facility and judgment in meeting particular situations. Upon the academic program has been placed the burden of developing depth of analytical thinking, breadth of background, and the proper point of view. For these reasons the emphasis in the academic work has been upon analysis and breadth. The impossibility of including all desirable topics in the curriculum was accepted and a program was developed which was divided into three parts, covering, (1) technical subjects, (2) general business courses, and (3) background work in economics and related subjects. The desirability of undertaking the program as graduate study was advanced.

Reviews the book "Public Finance," 2nd ed., by Alfred G. Buehler.

Abstract The article focuses on accounting reports for management investment companies in the U.S. In the past 15 years American investment trusts and investment companies have developed from a little-known type of financial institution to the stature of an established industry. In this relatively short period the new industry has been faced with the varied problems of developing investment, trading and dividend policies, reporting techniques and accounting principles and procedures. It is not surprising that the same rate of progress was not maintained in all fields but it is unfortunate that one of the early lags appeared in the field of reporting techniques. In their early years, American investment companies were influenced to some extent by experiences of British investment trusts. In addition, American companies were faced early in the development of the industry with the accounting and reporting problems arising from a very rapid increase in size, rapidly increasing stock prices and subsequent drastic breaks in stock prices. The rapid increase in the importance of American investment companies can be indicated by tracing the number of companies in existence and assets of these companies.

Abstract It goes without saying that the Federal government because of the huge size of its annual budget needs to utilize the most approved, modern, and scientific systems of accounting, financial reporting, and auditing. Methods, which were reasonably satisfactory years ago when expenditures were relatively small, may be wholly inadequate today. The present financial administration of the Federal government was subject to strong criticism in the reports of the committees of the U.S. Congress and the President on government reorganization in 1937. There is serious need for the improvement of the accounting, reporting, and auditing of the Federal government. The evidence indicates that in many respects the accounting methods and practices are not up-to-date, and do not provide the essential financial data to the departmental executive officers, the President, the United States Bureau of the Budget, the Congress and to the public. The improvement of the accounting systems of the departments and bureaus will require constant and continued expert attention and study. The road to such improvement would appear to lie in building in each major governmental unit a competent accounting office, headed by a trained and experienced accountant, who is made responsible for departmental accounting.