Announcement
Publications of The Academy of Accounting Historians
ORDER FORM
THE ACCOUNTING HISTORIANS JOURNAL
Volumes 1 through 3 (1974-76) $25.00
(Formerly THE ACCOUNTING HISTORIAN—Reproduced in a single volume)
Volumes 4 through 9 (1977-82) $90.00
OR $15.00 per volume, $7.50 per issue.
Volume 10 (1983) $20.00
MONOGRAPHS*
#1 A Reference Chronology of Events Significant to the
Development of Accountancy in The United States,
by Knight, Previts & Ratcliffe $ 5.00
#2 John Raymond Wildman, by Previts & Taylor $ 5.00
#3 E. L Kohler: A Collection of His Writings (1919-1975), by Cooper, Ijiri & Previts
Hardback $15.00
Paperback $10.00
* 15% discount to members on individual orders.
HISTORIANS NOTEBOOK
1978-82 (2 per year), $1.00 per copy $10.00
WORKING PAPERS (see separate announcement/ ordering information in this issue)
ACCOUNTING HISTORY CLASSICS SERIES (see separate announcement/ordering information in this issue)
PLEASE ENCLOSE PAYMENT WITH YOUR ORDER.
Make checks payable to:
The Academy of Accounting Historians
Mail to: Secretary
The Academy of Accounting Historians
P. O. Box 658
Georgia State University
Atlanta, Georgia 30303 U.S.A.
Announcement
Working Paper Series
In 1974, The Academy of Accounting Historians established the Working Paper Series as a means of circulating preliminary his-torical research. The Working Paper Series currently includes 57 papers of which the first forty are available in two single bound volumes (see announcement on the next page concerning these two volumes).
Manuscripts submitted should be presented in duplicate, typed on 81/4×11 inch paper, and double spaced. Footnotes should be numbered sequentially and placed at the end of the manuscript. Bibliographies should contain complete sources arranged in alpha-betical order by author. Manuscripts ranging in length from 8 to 30 pages are deemed most appropriate for this Series. Copies of current working papers are provided to members free upon request. There is a cost of $2 per paper to non-members.
All matters pertaining to the Working Paper Series should be addressed to the Editor of the Series, Don-Rice Richards; School of Business; James Madison University, Harrisonburg, Virginia 22807 U.S.A. In addition to the forty working papers appearing in Volume 1 and Volume 2 listed on the next page, the following individual working papers are available:
41. “Factors Shaping the Independent Public
Auditing Profession in the United States
from 1905 to 1933,” by Bruce E. Committe.
42. “Frederick W. Taylor and the Evolution of
Standard Overhead Costing,” by Rosita S.
Chen and Sheng-Der Pan.
43. “A Synthesis of the Inquiry into the Con
tribution of Double-Entry Bookkeeping to
Capitalism,” by James L. Strachan.
44. “Philosophies of History—Their Basic Ten
ets,” by Owen B. Moseley and Milton F.
Usry.
45. “The Development of the Auditor’s Report
in the United States,” by Tonya K. Flesher
and Dale L. Flesher.
46. ” The Evolution of Accounting in Indone
sia,” by Abd. Fawzy Siddik and Herbert L.
Jensen.
47. “On the Evolution of Accounting Objec
tives,” by Robert Bloom.
48. “The Pioneer of Accounts Theory in Ja
pan: An Appraisal of the Methodology of
Wasaburo Kimura,” by Yoshiaki Jinnai.
49. “Accounting for Investments in Common
Stock in the United States of America from
1900 to the Present,” by Edward A. Becker.
50. “An Historical Perspective of the Account
ing Environment: A General Outline of a
Western European and North American
Linkage,” by Stanley C. W. Salvary.
51. ” The Nature of Historical Research,” by
Owen B. Moseley and Milton F. Usry.
52. “The Ideas of Stuart Chase: Pioneer Social
Accountant and Economist,” by Robert:
Bloom.
53. “The Accounting Review: 1935-39 A Digest,
Survey, and Commentary,” by James H.
Potts.
54. “An Update and Overview of the German
Accounting Profession Post-1973,” by Hans
J. Dykxhoorn and Kathleen E. S inning.
55. “Development of Accounting in a Cen
trally-Planned Economy,” by Wlodzimierz
Br/c/in and Alicja A. Jaruga.
56. “Internal Controls Then and Now: Tontines
and Life Annuities in Old Regime France,”
by Robert M. Jennings and Andrew P.
Trout.
57. “An Historical Analysis of the Financial Re-
porting Practices of Philips Industries of the Netherlands for Tangible Fixed Assets and Inventory 1915-1981,” bv Richard Vanger-meersch.
Announcement
Working Paper Series
Available in two single bound volumes are the first 40 working papers published by The Academy of Accounting Historians. These 6″ x 9″ books include the following papers and their authors.
Working Papers 1-20 Volume 1
Working Paper Number
1. “The CPA’s Professional Heritage. Part I,”
by John L. Carey.
2. “The Audit of Historical Records as a
Learning Device in Studying Environmental
and Socio-Economic Influences on Account
ing, ” by Richard H. Homburger.
3. “The Accounts of Ancient Rome,” by
Kenneth S. Most.
4. “Survey of the Development of Auditing in
Germany,” by Rosa-Elisabeth Gassmann.
5. “The CPA’s Professional Heritage, Part II,”
by John L. Carey.
6. “A Chronological Index Prepared for John
L. Carey’s The Rise of the Accounting Pro
fession, Volume I, 1896-1936,” by Gary
John Previts.
7. “The State of Bookkeeping in Upper
Germany at the Time of the Fuggers and
Welsers,” by Hermann Kellenbenz.
8. “A Chronological Index Prepared for John
L. Carey’s The Rise of the Accounting Pro
fession, Volume II, 1937-1970,” by Gary
John Previts.
9. “A Bibliography on the Relationship Be
tween Scientific Management and Standard
Costing,” by Marc J. Epstein.
10. “A Significant Year (1873) in the History
of Bookkeeping in Japan,” by Kojiro
Nishikawa.
11. “Historical Development of Early Account
ing Concepts and Their Relation to Certain
Economic Concepts,” by Maurice S. New
man.
12. “Thirty-six Classic Articles from the 1905-
1930 Issues of The Journal of Accountancy,”
by Richard Vangermeersch.
13. “The Development of the Theory of Con
tinuously Contemporary Accounting,” by
R. J. Chambers.
14. “The CPA’s Professional Heritage, Part
III,” by John L. Carey.
15. “Two Papers on the History of Valuation
Theory (I. Management Behavior on Orig
inal Valuation of Tangible and Intangible
Fixed Assets. II. The Significance of Write-
ups of Tangible Fixed Assets in the
1920’s) ,” by Richard Vangermeersch.
16. “The Golden Anniversary of One of Ac
counting History’s Mysterious Contributors:
Albert DuPont,” by Gary John Previts and
S. Paul Garner.
17. “Evidential Matter Pertaining to the His
torical Development of the Concepts of Dis
closure and Its Uses as a Teaching Aid,” by
Hans V. Johns on.
18. “The Evolution of Pooling of Interests
Accounting: 1945-1970,’’ by Frank R. Ray-
burn
19. “The Study of Accounting History,” by
Vahe Baladouni.
20. “The Evolution of Corporate Reporting
Practices in Canada,” by George J. Murphy.
Working Papers 21-40 Volume 2
Working Paper Number
21. “Early Greek Accounting on Estates (Fourth
Century B.C.),” by George J. Costouros.
22. “The Traditional Accounting Systems in
the Oriental Countries —Korea, China,
Japan,” by Jong Hyeon Huh.
23. “The Evolution of Ethical Codes in Ac
counting, ” by Joyce C. Lambert and S. J.
Lambert, III.
24. “The Oldest Book of Double Entry Book
keeping in Germany,” by Kiyoshi Inoue.
25. “An Annotated Bibliography for HistoricaI
Research in Cost Accounting,” by Edwin
Bart ens te in.
26. “The Role of Academic Accounting Re
search: An Historical Perspective,” by Eric
Flamholtz.
27. “The Structure of Scientific Revolutions
and Its Implications for the Development
of Accounting Policy,” by Diana Flamholtz.
28. “The Development of Accountancy in
Hungary Since 1946. . . ,” by Rezso L.
Scholcz.
29. “Historic Origins of the Purchase vs. Pool
ing of Interests Problem,” by Wesley T.
Andrews.
30. “Current Efforts to Develop a Conceptual
Framework for Financial Accounting and
Reporting,” by William C. Shenkir.
31. “Influence of Nineteenth and Early
Twentieth Century Railroad Accounting on
Development of Modem Accounting The
ory,” by James L. Boockholdt.
32. “The Historical Development of Standard
Costing Systems Until 1920,” by Nathan
Kranowski.
33. “The CPA’s Professional Heritage, Part
IV,” by John L. Carey.
34. “The Evolution of Accounting Theory in
Europe from 1900 to the Present Day and
Its Implications on Industrial Management
of Tomorrow,” by Paul Weilenmann.
35. ” Sombart on Accounting History,” by Kenneth S. Most.
36. “A Most Unforgetable Accounting His
torian: Frederic G. Gamble,” by Paul
Garner and Reza Espahbodi.
37. “Historical Overview of Developments in
Cost and Managerial Accounting,” by M.
Zafar Iqbal.
38. “Comments on Accounting Disclosures in
the Baltimore and Ohio Annual Reports
from 1828 Through 1850,” by Ri chard
Vangermeersch.
39. “A Contemporary Review of the Evolution
of Value Concepts (1500-1930),” by J. W.
Martin.
40. “Tracing the Development of a Conceptual
Framework of Accounting -A Western
European and North American Linkage: A
Partial Examination.” by Stanley C. W.
Salvary.
Order From: Don-Rice Richards School of Business James Madison University Harrisonburg, Virginia 22807 U.S.A. Cost: $5 to members of The Academy of Accounting
Historians; $7.50 to nonmembers Make check payable to: The Academy of Accounting Historians
Announcement
Reprints in the ACCOUNTING HISTORY CLASSICS SERIES
under the auspices of The Academy of Accounting Historians
and
The University of Alabama Press Gary John Previts, Series Editor
Volume 1 S. Paul Garner Evolution of Cost Accounting to 1925
$11.95 430 pp. paperback edition. November, 1976.
ISBN 0-8173-8900-8
Volume 2 James Don Edwards, History of Public Accounting in the United States
$11.95 368 pp. paperback edition. August, 1978,
Volume 3 A. C. Littleton, Accounting Evolution to 1900 $11.95 373 pp. paperback edition. 1980.
ORDER NOW
Mail to: The University of Alabama Press
Box 2877 University, Alabama 35486
Make check payable to: The University of Alabama Press
Announcement
l|e taring Jfttomi f otttnal
announces that the
TENTH ANNUAL
HOURGLASS AWARD
for the most notable contribution to the literature of Accounting History
has been awarded to
Williard E. Stone
for his publications in
Medieval and Colonial Accounting
Previous Recipients of the Award
1973—Stephen A. Zeff 1974—Michael Chatfield 1975—Hanns-Martin Schoenfeld 1976—Osamu Kojima and Basil Yamey 1977—A. Van Seventer 1978—David Forrester 1979—Murray Wells 1980—Gary John Previts and Barbara Dubis Merino 1981 — H. Thomas Johnson
Announcement
ACCOUNTING AND BUSINESS RESEARCH
Number 48 Autumn 1982
A research quarterly published by
the Institute of Chartered Accountants
in England and Wales
Editor: R. H. Parker, University of Exeter, England
CONTENTS
The Function of a Conceptual Framework
for Corporate Financial Reporting Auditors’ Liability to Third Parties
for Negligence An Approximate Method for the Allocation
of Reciprocal Service Costs Transfer Pricing: A Fair and Neutral
Procedure Corporate Annual Reporting: A Mass
Communication Perspective Financial Reporting in Nonbusiness
Organisations The Usefulness of Annual Reports: the
Anomaly between the Efficient Markets
Hypothesis and Shareholder Surveys Murray’s Science of Accountantship George Peacock, an ‘Early Translator’
of Pacioli Capital Maintenance, Borrowing Gains
and Income Measurement: A Comment Capital Maintenance, Borrowing Gains
and Income Measurement: A Reply
K. V. Peasnell Alan G. Davison
D. P. French
A. H. Russell
Clive R. Emmanuel
Kenneth P. Gee
L D. Parker Rowan H. Jones R. D. Hines Louis Goldberg
B. S. Yamey
G. Macdonald
J. J. Forker
Subscriptions should be sent to City House, 56-66 Goswell Road, London EC1M 7AB, England. Subscription rates are: UK £18, Overseas £24, Airmail Overseas £29.
Announcement
THE ACCOUNTING REVIEW
The Accounting Review is the official journal of the American Accounting Association, and is published quarterly. The Asso-ciation is a voluntary organization of persons interested in ac-counting education and research. Membership in the Association entails annual dues of US$25 for residents of the United States and Canada and US$12 for others. Libraries may take out subscriptions to the Review, All communications regarding membership and subscriptions should be sent to the American Accounting Association, 5717 Bessie Drive, Sarasota, Florida 33583.
TABLE OF CONTENTS
Vol. LVIIl April 1983 No. 2
MAIN ARTICLES
The Effects of Certain Internal Audit Variables on the Planning of External Audit Programs
A. Rashad Abdel-Khalik, Doug A. Snowball, and John H. Wragge
The Differential Bankruptcy Predictive Ability of Specific
Price Level Adjustments: Some Empirical Evidence Yaw M. Mensah
The Effect of Information Announcements on the
Market Microstructure Dale Morse and Neal Ushman
Toward a Positive Theory of Information
Evaluation Albert Schepanski and Wilfred Uecker
Effects of Information Supply and Demand on Judgment
Accuracy: Evidence from Corporate Managers Michael D. Shields
NOTES
Contingent Equity and the Dilutive Effect on EPS Benzion Barlev
U.S. Securities Market Responses to Alternate Earnings
Disclosures of Non-U S Multinational Corporations Gary K. Meek
ALSO IN THIS ISSUE: A Special Section, “Research Perspectives from Related Disciplines”; Education Research; Financial Reporting; Book Reviews.
Announcement
ACCOUNTING AND FINANCE
Journal of the Accounting Association of
Australia and New Zealand
Vol. 22, No. 2 November, 1982
The Testing of Australian Stock Market Indices for Mean-Variance Efficiency
Michael Stokie 1
Accounting for Research and Development Expenditure: An Analysis of the Rolls Royce RD.211 Project
P. W. Wolnizer and W. T. Austin 19
Lease Evaluation: A Survey of Australian Finance Company Approaches
lanE .Scarman 33
Private Shareholder Response to Corporate Annual Reports
John K. Courtis 53
An Empirical Evaluation of the Communication of Authoritative Pronouncements in Accounting
Arthur Harris Adelberg 73
Accounting Courses and Professional Functions
Graham Hermann and Alex McAlpine 95
Accounting and Finance is published twice yearly in May and November by the Accounting Association of Australia and New Zealand. The membership fee is $20 per year and members receive the Journal and any published supplement. Non-mem-bers, i.e. libraries etc., can take out a subscription for the Journal for $20 per year. Editorial correspondence should be addressed to Professor R. R. Officer, Editor, Department of Accounting and Finance, Monash University, Clayton, Victoria, 3168, Australia. Applications for membership should be ad-dressed to The Membership Secretary — A.A.A.N.Z., c/o Pro-fessor R. R. Officer, Department of Accounting and Finance, Monash University, Clayton, Victoria, 3168, Australia.
NOW AVAILABLE FOR IMMEDIATE DELIVERY
SELECTED CLASSICS IN THE HISTORY OF BOOKKEEPING A Reprint Collection
SERIES l Reprinted 1974
1. ANYON, James T., Recollections of The Early
Days of American Accountancy 1883-1893. New
York 1925. Reprinted 1974. 68p. Cloth $12.50
2. CRIVELLI, Pietro, An Original Translation of the
Treatise on Double-Entry Book-Keeping by Frater
Lucas Pacioli. London 1924. Reprinted 1974. XVIII,
125p. Cloth $21.50
3. GREEN, Wilmer L., History and Survey of Ac
countancy. Brooklyn 1930. Reprinted 1974. 288p.
Cloth $25.00
4. JÄGER, Ernst Ludwig, Die altesten Banken und
der Ursprung des Wechsels: Supplement. Stuttgart
1881. Neudruck 1974. VIII, 91 S. Ln. $12.50
5. JÄGER, Ernst Ludwig, Die Berechtigung der
einfachen Buchhaltung gegenüber der italienischen.
Dritte, durch die Geschichte der Buchhaltung und
deren Unterwendung auf die Landwirtschaft, sowie
bezüglich des kaufmännischen Theils vermehrte Aufl.
Stuttgart 1868. Neudruck 1974.IV, 147 S.
Ln. $21.50
6. JÄGER, Ernst Ludwig, Der Traktat des Lucas Pac-
cioli von 1494 über den Wechsel: Vortrag gehalten am 22. März 1878 vor dem kaufmännischen Vereine von Stuttgart. Stuttgart 1878. Neudruck 1974. 40 S.
Ln. $12.50
7. JÄGER, Ernst Ludwig, Der Wechsel am Ende des
15. Jahrhunderts: Ein Beitrag zum Paccioli-Jubiläum 1494-1894. Stuttgart 1895. Neudruck 1974. 29 S. + 1. Ln. $12.50
8. KHEIL, Carl Peter, Benedetto Cotrugli Raugeo: Ein
Beitrag zur Geschichte der Buchhaltung. Wien 1906.
Neudruck 1974. 36 S. Ln. $12.50
9. PERAGALLO, Edward, Origin and Evolution of
Double Entry Book-keeping: A Study of ltalian
Practice from the Fourteenth Century. New York
1938. Reprinted 1974. 156p. Cloth $32.50
10. SIEVEKING, Heinrich, Aus Genueser Rechnungs-
und Steuerbüchern: Ein Beitrag zur mittlelalterlichen
Handels und Vermögensstaristik. Wien 1909. Neudruck
1974. 110S. Ln. $13.00
11. SIEVEKING, Heinrich, Genueser Finanzwesen vom
12. bis 14. Jahrhundert. Leipzig/Tübingen 1898.
Neudruck 1974. XV. 219 S. Ln. $24.50
12. WOOLF, Arthur H., A Short History of Ac
countants and Accountancy. London 1912. Reprinted
1974. XXXI, 254p. Cloth $21.50
SERIES ll Reprinted 1975
1. DE WAAL, P.G.A. Van Paciolo tot Stevin: Een
Bijdrage tot de Leer van het Boekhouden in de Neder-
landen. Roermond 1927. Reprinted 1975 IX, 318p.
Cloth $28.50
2. ELDRIDGE, H.J., The Evolution of the Science of
Bookkeeping. Second Edition by Leonard Frankland.
London 1954. Reprinted 1975. 70p. Cloth $12.50
3. GEIJSBEEK, John B., Ancient Double-Entry Book-
Keeping: Lucas Pacioli’s Treatise (A. D. 1494 – The
Earliest Known Writer on Bookkeeping) Reproduced
and Translated with Reproductions, Notes and Ab-
stracts from Manzoni, Pietra, Ympyn, Stevin and
Dafforne. Denver, 1914. Reprinted 1975. IV, 182p.
Folio. Cloth $38.50
4. GOMBERG, Léon, Histoire critique de la Théorie
des Comptes. Genève 1929. Reprinted 1975. 88p.
Cloth $12.50
5. LEYERER, C., Theorie und Geschichte der Buch
haltung: Ein Leitfaden. Brünn 1919. Neudruck 1975.
40 S. Ln. $12.50
6. SIEVEKING, Heinrich, Aus venetianische Hand-
lungsbüchern: Ein Beitrag zur Geschichte des Gross-
handels im 15. Jahrhundert. [Jahrbuch für Gesetzge-
bung, Verwaltung und Volkswirtschaft im Deutschen
Reich: Neue Folge. 25.-26. Jahrg.] Leipzig, 1901/2.
Neudruck 1975. 72s. Ln. $12.50
7. SYKORA, Gustav, Systeme, Methoden und Formen
der Buchhaltung: Von ihren Anfangen bis zur Ge-
genwart. Wien, 1952. Neudruck 1975.114 S.
Ln. $13.00
SERIES lll Reprinted 1977
1. DE ROOVER. Raymond, Le Livre de Comptes
de Guillaume Ruyelle, Changeur à Bruges (1369).
[Extrait des Annales de la Société d’Emulation de
Bruges, Tome LXXVIII] Réimpression 1977. Bruges,
1934. pp. 15-95 (81p.) Cloth $12.50
2. DE WAAL, P.G.A.. De Engelsche Vertaling van Jan
Impyn’s Nieuwe Instructie. [Economisch-Historisch
Jaarboek: Bijdragen tot de Economische Geschiedenis van Nederland uitgegeven door De Vereeniging het
Nederlandsch Economisch Historisch Archif, Acht-
tiende Deel, 1934] Reprinted 1977. ‘s-Gravenhage,
1934. 58p. Cloth $12.50
3. HÜGLI, Franz, Die Buchhaltungs-Systeme und
Buchhaltungs-Formen: Ein Lehrbuch der Buchhaltung.
Mit über hundert Formularen und zwei Holzschnit-
ten. Neudruck 1977. Bern, 1887. xii, 680 S.
Ln. $69.50
4. KEMPIN, W. Vom Geist der Buchführung. Neudruck
1977. Köln, 1910.192 S. Ln. $24.00
5. LION, Max, Geschichtliche Betrachtungen zur
Bilanztheorie bis zum Allgemeinen deutschen Han-
delsgesetzbuch. Neudruck 1977. Berlin, 1928. iii, 39 S.
Ln. $12.50
6. MURRAY, David, Chapters in the History of
Bookkeeping, Accountancy and Commercial Ari
thmetic. Reprinted 1977. Glasgow, 1930. viii, 519p.
Cloth $39.50
7. NIRRNHEIM, Hans (Bearb.), Das Handlungsbuch
Vickos van Geldersen. Hrsg. vom Verein für Ham-
burgische Geschichte. Neudruck 1977. Hamburg/
Leipzig, 1895. 1xxix, 199 S. Ln. $31.50
8. SIEVEKING, Heinrich, Die Casa di S. Giorgio.
[Genueser Finanzwesen mit besonderer Berück-
sichtigung der Casa di S. Giorgio, II] Neudruck 1977.
Freiburg, 1899. xvi, 259 S. Ln. $30.00
9. STROOMBERG, J., Sporen van Boekhouding voor
Pacialo. [Overdruk uit J. G. Ch Volmer: Van Boek-
houden tot Bedrijfsleer, een Bundel opstellen ter
Gelegenheid van zijn Vijfentwintig Jorig hoogleera-
arschap door oud-studenten aangeboden] Reprinted
1977. Woessen, 1934. pp. 246-269. (24p.)
Cloth $12.50
Please send your orders to:
NIHON SHOSEKI, LTD. • 2-11, Esakacho 2-chome, Suita City, Osaka 564, Japan
• Telephone
Telex (lnternational) J64984 NIHONSHO • Cables (International) BESTSELLERS SUITA
Announcement
Annual membership dues for individuals, institutions, and libraries for 1983 are twenty U.S. dollars ($20.00). Membership dues for doctoral students actively pursuing their program, $7.50.
Members residing outside the United States are asked to remit payments in U.S. funds drawn on U.S. banks. The collection costs on non-U.S. fund remittances have risen sharply in the last year and we can no longer absorb these charges.
THE ACADEMY OF ACCOUNTING HISTORIANS
APPLICATION FOR MEMBERSHIP
Name (please print)
Organization
Street Address
City State
ZIP Code Country
Phone No. ( )
Accounting History Areas of Interest
Our fiscal year ends December 31.
MEMBERSHIP DUES (U.S.) $20.00
(Entitles member to: semiannual Accounting Historians Journal) semiannual newsletter; annual member roster; and discounts on specified Academy publications )
Voluntary Contributions to:
Publications Fund
Research Endowment Fund
Total enclosed $
Make checks payable to: THE ACADEMY OF ACCOUNTING HISTORIANS
Mail to: Secretary
The Academy of Accounting Historians P.O. Box 658 Georgia State University Atlanta, Georgia 30303 U.S.A.
