Abstract Reviews the book "Financial Accounting: Concepts, Uses and Problems," by Howard J. Snavely, Jerome J. Kesselman and Wayne A. Label.

Abstract ABSTRACT: CPA practitioners and accounting educators are equally interested in the undergraduate accounting curriculum. In 1976, the Committee on Professional Examinations of the American Accounting Association surveyed schools of business to determine the level of content at which 72 topics were being taught in undergraduate accounting programs. This article summarizes a similar survey sent to the 100 largest CPA firms in the United States and compares the results with the AAA survey.

Abstract Knowledge of the coverage of Accounting Principles Board Opinions (APBs) in the Certified Public Accountant (CPA) examination is useful to the accounting educator in several ways. First, students often want to know the likelihood that questions and problems related to the most recently issued APBs will be included in the upcoming examination and the emphasis usually placed on APBs in each part of the examination. Second, financial accounting course content and examinations could be improved by being aware of how the Board of Examiners of the American Institute of Certified Public Accountants examines CPA candidates on APBs. The findings of the study of this article are that, the coverage of Opinions has been highly selective in both Auditing and Practice but has been more comprehensive in Theory; thirteen of the APBs covered have appeared within 6 months after their issuance and three of the others appeared less than 6 months after their issuance; the relative weight of Opinions, in terms of time, in the examination parts has been 19.0 percent in Theory, 8.8 percent in Practice and 2.0 percent in Auditing; wide variation of coverage has occurred from one examination to another in all three parts; and there has been extensive coverage in the Theory and Practice parts of the 1972-1974 examinations.