Topics Worthy of Continued Discussion and Effort—Even after Forty Years of Trying

Abstract

The article presents the author's views on what needs to be done to prolong what he sees as a "golden era" in academic life. He believes that research should continue to have a top priority as a means of keeping classroom instruction up to date. Instructors should also make a greater effort to integrate material from different disciplines. Finally, he sees a need to reconsider the relationship between financial and managerial accounting. The application of sound managerial accounting principles, he notes, should never serve to reduce net income.