Book review;Additions to the Library;

              104 HASKINS & SELLS November
Book Review
Walton, Seymour, and Finney, H . A .
Mathematics of Accounting and Finance.
(New York, The Ronald Press Company,
1921. 274 p.)
This book is without doubt from a point
of view representing the needs of the
average student of accounting, the best
which has yet appeared. It combines the
good points of all similar books on the
market, whether simple or complex, and
adds certain things which no previous
books on this subject have contained.
It clears away through simple and under­standable
illustrations some of the mystery
which will always surround our system of
numbers.
The first part of the book deals with such
subjects as short methods and practical
suggestions, fractions and proof figures,
arithmetical progression, average, per­centage,
equations, trade and cash dis­count,
and turnover. These subjects are
treated concretely with numerous illustra­tions
which make clear the principles.
The chapter on partnerships is particu-larly
interesting, as are also those on build­ing
and loan associations, good-will and
consolidation, and foreign exchange.
The authors might well be congratulated
on the simple and clear manner in which
they have discussed logarithms. To the
average student logarithms mean nothing.
Few know how to use logarithmic tables,
much less understand how they have been
compiled.
Like some of the other books extant on
this subject, there are discussed in the one
under review simple and compound in­terest,
annuities, bond discount and pre­mium,
depreciation methods, etc.
The book also contains several appen­dices,
one giving the value of foreign coins,
one a table of logarithms of numbers, and
one compound interest and other computa­tions.
The thoroughgoing pedagogy of the
senior author, now deceased, is very evi­dent
throughout the book. It is fortunate
indeed that so worthy a successor as Mr.
Finney should be available to take up and
carry on so satisfactorily the work which
the late Mr. Walton began.
Recent Additions to the Library
American Institute of Accountants. Board of
Examiners. Examination questions prepared by the
Board of Examiners of the American Institute of Accoun­tants
for the examinations conducted from June, 1917, to
May, 1921, inclusive. New York, American Institute of
Accountants, 1921. 204 p.
American National Retail Jewelers' Association.
Jewelers' Research Bureau. Complete manual of oper­ating
accounts, illustrated with forms and records (double
entry), especially designed for retail jewelers. Los
Angeles, California, The Jewelers' Research Bureau, 1920.
115 p.
Bell, William Hansell. Accountants' reports. New
York, The Ronald Press Company, 1921. 247 p.
Cole, William Morse, & Geddes, A. E. The funda­mentals
of accounting. Boston, Houghton Mifflin Com­pany,
(c 1921). 434 p.
Ettinger, Richard Prentice, comp. Corporation laws
of New York; reprint of the New York laws governing
corporations, partnerships and associations. New York,
Prentice-Hall, Inc., 1921. 374 p.
McGrath, T. O. Mine accounting and cost principles.
New York, McGraw-Hill Book Company, 1921. 257 p.
National Confectioners' Association of the United
States. Cost manual: prepared under supervision of the
executive committee, by Guerdon W. Price. Colorado
Springs, Colorado, National Confectioners' Association,
1916. 101 p.
Northwestern University School of Commerce.
Bureau of Business Research. Costs, merchandising
practices, advertising and sales in the retail distribution of
clothing. 6 v. New York, Prentice-Hall, Inc., 1921.
Nystrom, Paul Henry. The economics of retailing: a
textbook for colleges and schools of business administra­tion.
Edition 2. New York, The Ronald Press Company,
1920. 404 p.
Todman, Frederick S. Wall Street accounting:
a description of the business of brokerage, its accounting
records and procedure. New York, The Ronald Press
Company, 1921. 352 p.
United States. Treasury Department. Manual for
the oil and gas industry under the Revenue Act of 1918;
revised August, 1921. Washington, Government Printing
Office, 1921. 245 p.
Walton, Seymour, & Finney, H. A. Mathematics of
accounting and finance. New York, The Ronald Press
Company, 1921. 274 p.
PRESS OF WILLIAM GREEN, NEW YORK