This article focuses on various educational and ethical issue in accounting education and training. This article is concerned only with the education of qualified accountants, public and private, rather than the technical training of bookkeepers, clerks, and other routine workers due to the belief that the training of these routine workers is an important problem, but one entirely separate from that of the broad education of an accountant. Based on opinions of various accountancy firms of New York State, it is suggested that the accountant should be college educated and trained. Supposedly the widest variation in this belief would occur with respect to the relative emphasis that should be placed on cultural education, broad business training and technical accounting training. The author reports that many public-accounting firms give preference to graduates from a four-year cultural course over graduates from business and accounting courses which are deficient in cultural training. He suggests that the accounting courses proper should emphasize fundamental principles and theory, and managerial uses of accounting information, rather than bookkeeping procedure, routines and technique.

In the last decade, the point of view and the relative emphasis upon various phase of problems related to accounting practice for lawyers have shifted greatly. In 1930, before the American Law School Association, it was necessary to present evidence that lawyers needed and wanted accounting training. It is no longer necessary to prove that lawyers need some training in accounting. Reason for that depends upon the general relationship between law and accounting and the bounds and limits of the two professions. In spite of the fact that the two professions are fundamentally dissimilar, there are many situations which involve mixed questions of accounting facts and law. Not only do the courts adopt and lend sanction to accounting principles as exemplified in accounting practice; the reverse is equally true-that the law, and administrative bodies created by the law, themselves in turn influence materially the development of accounting principles and practice. The U.S. Securities and Exchange Commission has set forth formally and informally a number of "requirements" for registrants, and is daily rendering "decisions" on disputed points of accounting practice.