nd quizzes. As the course progresses, the problems become more
and more difficult and complicated, and the final problem work is
exceedingly difficult and calls for a considerable power of analysis,
clarity of statement, and care in arrangement on the part of the
student.

A complete course of this sort usually covers two and a half or three
years. At the end of the first year of general accountancy, special
subjects may be pursued parallel with the general course. The order in
which these specialties are introduced is usually Cost Accounting,
Auditing Systems, Judicial or Fiduciary Accounting, and then other
special branches such as Brokers' Accounts, Public Utilities
Accounting, Foreign Exchange Accounting, etc.

General Accounting is very important both as an instrument for the
business man to use and as a training to insure the grasp of general
business organization. It is the opinion of the writer that whether a
business man expects to become an accountant or not, he should have a
thorough and technical grasp of this subject. In these specialties it
is necessary to depend upon lectures rather than textbooks, not only
because textbooks here are few and other works are not well adapted to
teaching use, but also because the subject matter must be kept up to
date and in keeping with changing practice. The lecturers should be
practical experts in each particular field as well as acceptable
teachers.

Closely related to Accountancy is Commercial Law. Commercial Law
should, of course, be understood by every business man, not because he
expects to become a practitioner of law but because he wishes to avoid
unnecessary disputes and to shape his course wisely from a legal
standpoint in dealing with his employees, his business associates, and
his customers.

There are various methods of teaching Commercial Law. The one which
has been in vogue thus far has been the textbook method, in which the
principles of law of interest to the business man are set forth.
Lessons are assigned in the book, and recitations are held. The
lecture method also is advocated. In some universities which have both
law schools and schools of commerce, the commercial students receive
lectures in the school of law in such subjects as contracts, agencies,
insurance, etc. It seems to the writer that neither of these practices
is desirable but that the proper way to teach Commercial Law to the
commercial students is the case method, in which the princ