New Books: An Annotated Listing.

This article presents a list of books received on accounting, published in the October 1989 issue of the journal "The Accounting Review." The book "Accounting for Research and Development," 2nd ed., by J. Batty, presents a framework for the organization and control of corporate research and development expenditures. Four broad issues are examined: organization and selection of projects, financial and accounting implications, measurement of results and systems design. Another book "An Analysis of the New Financial Institutions," by Alan Gart, begins with an introduction to commercial banking and then discusses the asset composition of commercial banks, the capital and liability accounts, and asset and liability management.