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VALUATION OF INVESTMENT SECURITIES.

D. R. Scott

University of Missouri. 1

The Accounting Review 1928

The relation of college training for a profession to practice of the profession is always a matter of vital concern to both practitioners and teachers. The striking of a proper balance between emphasis upon fundamental abstract principles and the introduction of students to the technique of the profession is a perennial problem. In a profession like medicine the initiate must be prepared for relatively independent work. He must be a comparatively finished product. Provision is made for the gradual assumption of responsibility on his part by the requirement of a period of apprenticeship as an intern. However, this internship does not bridge the gap between abstract researches into physiology, anatomy, bacteriology and allied medical subjects, on the one hand, and the practical problems of diagnosis and prescription on the other hand. The young doctor's training must include more technique than he would pick up in his apprenticeship as a hospital intern. There is in all professional training pressure in the direction of stressing professional technique at the expense of its underlying theoretical foundations.

DOI
10.2308/tar-8593719
Volume
3 (4)
Pages
375-382
Language
en
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