Reviews the book "Sound Policies for Bank Management," by Robert G. Rodkey.

The article presents problems of the second half of the November 1944, C.P.A. examination prepared by the Board of Examiners of the American Institute of Accountants. The examinee was given four and one-half hours to solve both problems. The problems were given a weight of twenty-five points each.

The article presents problems that were prepared by the Board of Examiners of the American Institute of Accountants and were presented as the second half of the C.P.A. Examination in accounting practice held in May, 1945. The examinees were allowed four and a half hours to solve both problems. One of the question required the students to prepare a summary statement of executors as to principal, showing assets remaining in the estate and a summary statement of executors as to income of the estate of Ben East, deceased from the information as of September 30, 1944. Another question was to prepare a statement showing the estimated cost of producing 13,500 tons of X product for the purpose of bidding on a government contract of Dart Co. from the information provided. Dart Co. manufactures X, a main product, and Y, a by-product. X is produced and sold by the ton (2,000 pounds.). The raw material used in production consists of three ingredients, "H," "I," and "J". The contract for 13,500 tons of X represents 60% of the budgeted 1945 production of X by Dart Co.

Reviews the book "Industrial Accounting— Transition Problems."

The article presents information on accounting administration of unemployment insurance. The social security act does not prescribe the type of administration that any state should establish; however, certain minimum requirements had to be fulfilled before the Board would approve a state law. This leeway in the Federal law allowed each state an opportunity to select an administrative agency in harmony with its peculiar needs, fitted into the composition of the state government and the demands of local public opinion and adapted to the plan of administering other state labor laws. A review of the essential functions indicates clearly the heavy burden resting upon the administrative units for the successful carrying out of the purposes of unemployment compensation legislation. One of the early functions is the establishment and maintenance of an adequate public relations and information service. Interpretation and clarification of the state law becomes an important task of the administrative agency. Office management, planning and supervision of the budget are also duties of administration. Forms must be drafted; reporting procedures must be determined; accounting equipment and records must be selected and proper routines for the collection, recording and processing of information must be established.

The following problems were presented as the first half of the November, 1944 certified public accountant examination in accounting practice prepared by the Board of Examiners of the American Institute of Accountants. Candidates were required to solve problem 1 and either problem 2 or problem 3 in four and a half hours. The weights assigned were: problem 1, 25 points: problem 2 or problem 3, 25 points. A suggested time schedule was given as seventy-five minutes for problem 1, seventy-three minutes for problem 2, seventy-five minutes for problem 3. The first problem is concerned with the preparation of the year end accounts for the Acme company. The second problem presents details of account balances from the books of the City of Mariwood on June 30, 1943, the close of the fiscal year. The problem is concerned with the preparation of trial balances, supplying the needed account titles and preparing the closing entries. Problem three is concerned with the preparation of balance sheet for another business organization.

The article presents information on the professional accounting examination. The following problems are the first half of the May 1943, Certified Public Accountants examination in accounting practice prepared by the Board of Examiners of the American Institute of Accountants. The examinee was given four and a half hours to solve problem 1 and either problem 2 or problem 3. The problems were weighted as follows: problem 1, thirty points; problems 2 and 3, twenty points. A suggested time schedule was given: ninety minutes for problem 1, sixty minutes for problem 2 and ninety minutes for problem 3. Problem 1 was concerned with the preparation of a consolidated balance-sheet of H Co. and subsidiaries, A Co. and B Co., as at December 31, 1944. Problem 2 was concerned with the determination of the net income (before federal taxes on income) of Ace Co. Inc. for 1944 in conformity with generally accepted accounting principles and prepare a reconciliation of such net income and normal tax net income. Problem 3 was again concerned with the preparation of the balance sheet working papers for each of the following funds of Morton City as of February 28, 1944.