This article presents information related to various universities in the U.S., as of April 1975. University of Alabama professor W. Baker Flowers was selected Outstanding Professor by the Commerce Graduate Association. During the summer of 1974, associate professor at University of Alabama John O. Mason, held a faculty fellowship with the National Office of Price Waterhouse & Co. Donald L. Rogoff joined the School of Business and Management in California in September 1974 as professor of accounting and is teaching on the Malibu campus. Ronald Lossett, associate professor at Pepperdine University, has returned to full time teaching and research. At Florida Atlantic University, new appointments include Thomas L. Laird, instructor of accounting from Miami-Dade Community College, John Manchester, interim assistant professor in accounting from Nathaniel Hawthorne College and Thomas M. Costello as head of the university's Department of Accounting and Finance. At University of Georgia, Roger Roemmich joined the faculty in September 1974.

Presents an update on employees in accounting education in the United States as of January 1975. Accounting professors appointed at the Arizona State University in Tempe, Arizona; Activities at the Third Annual Washington Tax Conference held at George Washington University; Award received by Professor Arnold W. Johnson of the Florida Atlantic University.

The Accounting Principles Board of the organization American Institute of Certified Public Accountants issued "Opinion No. 2," in December, 1962, which supported the thesis that the investment credit should be reflected in the net income of the firm over the productive life of the acquired property. The effect of the amendment is to provide an additional item to be used in the determination of the tax liability to the federal government. No longer does the tax law specify an alternative method of allocating the cost of plant and equipment in the determination of taxable income. The full cost of the asset is now deductible, in accordance with acceptable depreciation methods, in arriving at taxable income as it is in the determination of business income. In the jargon of the tax allocationist the investment credit is now a difference of specification rather than, as under the previous law, a combination of a difference of timing and a difference of specification. There is therefore no longer any deferral of the payment. The investment credit results in a permanent reduction barring unforeseen changes in the law in the total tax bill of the enterprise.

Reviews the book "Financial Reporting in Canada."

Reviews the book "The Economic Theory of Medium and Small Industries in Japan," by Noboru Inaba.

Reviews the book "Case Movements Analysis of the Accounting for Corporate Income Taxes," by Hugo Nurnberg.

Reviews the book "Finite Mathematics With Business Applications," 2nd ed., by John G. Kemeny, Arthur Schleifer, J. Laurie Snell and Gerald L. Thompson.

Reviews the book "Topics in Accounting and Planning," edited by Richard Mattessich.

Reviews the book "Auditing Concepts and Methods," by John J. Willingham and D.R. Carmichael.

Reviews the book "Measurement and Environmental Deterioration," by Boyd Collier.