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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)
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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 8/4x 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 50. “An Historical Perspective of the Account Auditing Profession in the United States ing Environment: A General Outline of a from 1905 to 1933,” by Bruce E. Committe. Western European and North American
42. “Frederick W. Taylor and the Evolution of Linkage,” by Stanley C. W. Salvary. Standard Overhead Coating,” by Rosita S. 51. “The Nature of Historical Research,” by
Chen and Sheng-Der Pan. Owen B. Moseley and Milton F. Usry.
43. “A Synthesis of the Inquiry into the Con- 52. “The Ideas of Stuart Chase: Pioneer Social tribution of Double-Entry Bookkeeping to Accountant and Economist,” by Robert
Capitalism,” by James L. Strachan. Bloom. ‘
44. “Philosophies of History—Their Basic Ten- 53. “The Accounting Review: 1935-39 A Digest, ets,” by Owen B. Moseley and Milton F. Survey, and Commentary,” by James H.
Usry. Potts.
45. “The Development of the Auditor’s Report 54. “An Update and Overview of the Germanin the United States,” by Tonya K, Flesher Accounting Profession Post-1973,” by Hans
and Dale L. Flesher. J. Dykxhoorn and Kathleen E. Sinning.
46. “The Evolution of Accounting in Indone- 55. “Development of Accounting in a Censia,” by Abd. Fawzy Siddik and Herbert L. trally-Planned Economy,” by Wlodzimierz
Jensen. Brzezin and Alicja A. Jaruga.
47. “On the Evolution of Accounting Objec- 56. “Internal Controls Then and Now: Tontinestives,” by Robert Bloom. and Life Annuities in Old Regime France,”
48. “The Pioneer of Accounts Theory in Ja- by Robert M. Jennings and Andrew P. pan: An Appraisal of the Methodology of Trout. Wasaburo Kimura,” by Yoshiaki Jinnai. 57. “An Historical Analysis of the Financial Re
49. “Accounting for Investments in Common porting Practices of Philips Industries of the Stock in the United States of America from Netherlands for Tangible Fixed Assets and 1900 to the Present,” by Edward A. Becker. Inventory 1915-1981,” by Richard Vangermeersch.
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 Profession, Volume II, 1937-1970,” by Gary
John Previts.
9. “A Bibliography on the Relationship Between 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 Accounting Concepts and Their Relation to Certain Economic Concepts,” by Maurice S. Newman.
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 Continuously 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 Original 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 Accounting History’s Mysterious Contributors: Albert DuPont,” by Gary John Previts and S. Paul Garner.
17. “Evidential Matter Pertaining to the Historical Development of the Concepts of Disclosure 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. Rayburn
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 Accounting, ” 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 Research: 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. Pooling 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 Theory,” 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 Historian: 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 Richard 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. (out of print)
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
ACCOUNTING AND BUSINESS RESEARCH
Number 50 Spring 1983
A research quarterly published by
the Institute of Chartered Accountants
in England and Wales
Editor: R. H. Parker, University of Exeter, England
CONTENTS
Computers and the Choice for Krish N. Bhaskar
Accountancy Syllabuses
Accounting for Monetary Items under Reg S. Gynther
CCA: A Comment
A Note on Users and Uses of Cash T. A. Lee
Flow Information
The Political Implications of Accounting David Solomons and Accounting Standard Setting
Does the Chambers’ Evidence Support Edward Stamp the CoCoA System?
Beta Geared and Ungeared: An Extension Jacques A.
Schnabel
Bank Disclosures of Secret Reserves: The R. G. Walker Impact on the Australian Stock Market G. P. Whittred
Property Lease-or-Buy Decisions C. W. R. Ward
Essays in British Accounting Research: M. C. Wells A Review
Book Review
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. LVIV July 1983 No. 3
MAIN ARTICLES
The Impacts of Accounting Regulation on Bondholder and
Shareholder Wealth: The Case of the Securities Acts Chee W. Chow
Market Response to Environmental Information
Produced Outside the Firm Philip B. Shane and Barry H. Spicer
Employee Preferences for Nontaxable Compensation
Offered in a Cafeteria Compensation Plan:
An Empirical Study Richard A. White
The Effect of Financial Disclosure Regulation on
Security Market Behavior Robert W. Ingram and Eugene G. Chewning
Test of Theories of Information Processing
Behavior in Credit Judgment Albert A. Schepanski
NOTES
Cost Allocation and External Acquisition of Services
When Self-Services Exist Joyce T. Chen
Trades by Insiders as Evidence of the Existence
of Economic Consequences of Accounting
Standards David F. Larcker, Renee E. Reder, and Daniel T. Simon
The Impact of CPA Firm Size on Auditor
Disclosure Preferences Arnold Wright
The Impact of Accounting Regulation on the Stock Market:
The Case of Oil and Gas Companies — A Further Analysis Prem Jain
EDUCATION RESEARCH
The Five-Year Accounting Program
as a Quality Signal James M. Reeve
BOOK REVIEWS
Announcement
ACCOUNTING AND
Journal of the Accounting Association of
Australia and New Zealand
Vol. 23, No. 1 May, 1983
The Role of Tertiary Accounting Education in Today’s Environment
Reg S. Gynther 1
Return of Capital: Cash Flow, Wealth Transfer and Information Signalling Effects
Robert J. Coombes and Richard B. Tress 21
The Examination of Directors’ Reports By Auditors: Further Evidence
Donald Stokes and Mark Tippett 37
Standard Setting For Oil and Gas Accounting: An Analysis Using Allison’s Approach
Ahmed Belkaoui 63
Clarifying Funds Statements—The Two Entity Test Jill L. McKinnon, Carrick A. Martin,
Graham H. Partington 79
The Accuracy of Cumulative Income
Richard P. Brief 89
The Accuracy of Cumulative Income: A Reply
F. K. Wright 93
Book Reviews 99
Post-Graduate Degrees Awarded In Australia
and New Zealand 1982 127
News From Institutions 151
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-members, 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 Professor R. R. Officer, Department of Accounting and Finance, Monash University, Clayton, Victoria, 3168, Australia.
Announcement
AVAILABLE FOR IMMEDIATE DELIVERY
SELECTED CLASSICS IN THE HISTORY Of BOOKKEEPING A Reprint Collection
SERIES I Reprinted 1974
1. ANYON, James T., Recollections of The Early Days of American Accountancy 1883-1893. New York 1925. Reprinted 1974. 68p. Cloth $15.00
2. CRIVELLI, Pietro, An Original Translation of the Treatise on Double-Entry Book-Kecping by Frater Lucas Pacioli. London 1924. Reprinted 1974. XVIII, 125p. Cloth $26.00
3. GREEN, Wilmer L., History and Survey of Accountancy. Brooklyn 1930. Reprinted 1974. 288p. Cloth $30.00
4. JÄGER, Ernst Ludwig, Die ältesten Bankenund der Ursprung des Wechsels: Supplement. Stuttgart 1881. Neudruck 1974. VIII, 91 S. Ln. $15.00
5. JÄGER, Ernst Ludwig, Die Berechtigungder einfachen Buchhaltung gegenüber deritalienischen. 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. $26.00
6. JÄGER, Ernst Ludwig, Der Traktat des Lucas Paccioli von 1494 über den Wechsel Vortrag gehalten am 22. März 1878 vor dem kaufmännischen Vereine von Stuttgart. Stuttgart
1878. Neudruck 1974. 40 S Ln. $15.00
7. JÄGER, Ernst Ludwig, Der Wechsel am Ende des 15. Jahrhunderts Ein Beitrag zum Paccioli Jubilaum 1494-1894 Stuttgart 1895. Neudruck 1974 .29 S. + 1. Ln. $15.
8. KHEIL, Carl Peter, Benedetto Cotrugli Raugeo: Ein Beitrag zur Geschichte der Buchhaltung. Wien 1906. Neudruck 1974. 36 S. Ln $15.00
9. PERAGALLO, Edward, Origin and Evolution of Double Entry Bookkeeping: A Study of Italian Practice from the Fourteenth Century. New York 1938. Reprinted 1974. 156p. with
Author’s errata. Cloth $35.00
10. SIEVEKING, Heinrich, Aus Genueser Rechnungsund Steuerbüchern: Ein Beitrag zurmittlelalterhchen Handels und Vermögensstatistik. Wien 1909. Neudruck 1974. 110 S.
Ln. $15.50
11. SIEVEKING, Heinrich, Genueser Finanzwesen vom 12. bis 14. Jahrhundert. Leipzig/Tübingen 1898. Neudruck 1974. XV, 219 S. Ln. $29.00
12 WOOLF, Arthur H., A Short History of Accountants and Accountancy. London 1912. Reprinted 1974. XXXI. 254p. Cloth $25.00 SERIES II Reprinted 1975
1. DE WAAL, P.G.A., Van Paciolo tot Stevin: Een Bijdrage tot de Leer van het Boekhouden in de Nederlanden. Roermond 1927. Reprinted 1975 IX, 318p. Cloth $34.00
2. ELDRIDGE, H.J., The Evolution of the Science of Book-keeping. Second Edition by Leonard Frankland. London 1954. Reprinted 1975. 70p. Cloth $15.00
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 Abstracts from Manzoni, Pietra, Ympyn, Stevin and Dafforne. Denver, 1914. Reprinted 1975.IV, 182p. Folio. Cloth $46.00
4. GOMBERG, Léon, Histoire critique de la Théorie des Comptes. Genève 1929. Reprinted 1975. 88p. Cloth $15.00
5. LEYERER, C., Theorie und Geschichte der Buchhaltung: Ein Leitfaden. Brünn 1919. Neudruck 1975. 40 S. Ln. $15.00
6. SIEVEKING, Heinrich, Aus venetianische Handlungsbüchern: Ein Beitrag zur Geschichte des Grosshandels im 15. Jahrhundert. [Jahrbuch für Gesetzgebung, Verwaltung und Volkswirt-
schaft im Deutschen Reich: Neue Folge. 25.
26. Jahrg.] Leipzig, 1901/2. Neudruck 1975. 72S. Ln. $15.00
27. SYKORA, Gustav, Systeme, Methoden und Formen der Buchhaltung: Von ihren Anfangen bis zur Gegenwart. Wien, 1952. Neudruck 1975. 114 S. Ln. $15.50
SERIES III Reprinted 1977
1. DE ROOVER, Raymond, Le Livre de Comptes de Guillaume Ruyelle. Changeur a Bruges (1369). [Extrait des Annales de la Société d’Emulation de Bruges, Tome LXXVIII] Réimpression 1977. Bruges, 1934. pp. 15-95 (81p) Cloth $15.00
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, Achttiende Deel, 1934] Reprinted 1977. ‘s-Gravenhage, 1934. 58p Cloth $15.00
3. HÜG LI, Franz, Die Buchhaltungs- Systeme und Buchhaltungs-Formen: Ein Lehrbuch der Buchhaltung. Mit über hundert Formularen und zwei Holzschnitten. Neudruck 1977. Bern,
1887. xii, 680 S. Ln. $69.50
4. KEMPIN, W., Vom Geist der Buchführung. Neudruck 1977. Köln, 1910, 192 S. Ln. $28.00
5. LION, Max, Geschichtliche Betrachtungen zur Bilanztheorie bis zum Allgemeinen deutschen Handelsgesetzbuch. Neudruck 1977. Berlin, 1928. iii, 39 S. Ln. $15.00
6. MURRAY, David, Chapters in the History of Bookkeeping, Accountancy and Commercial Arithmetic. Reprinted 1977. Glasgow, 1930. viii, 5l9p. Cloth $42.00
7. NIRRNHEIM, Hans (Bearb.), Das Handlungsbuch Vickos von Geldersen. Hrsg. vom Verein für Hamburgische Geschichte Neudruck 1977. Hamburg/Leipzig, 1895. lxxix, 199 S. Ln. $37.00
8. SIEVEKING, Heinrich. Die Casa di S. Giorgio. [Genueser Finanzwesen mit besonderer Berucksichtigung der Casa di S. Giorgio, II] Neudruck 1977. Freiburg, 1899. xvi, 259 S.
Ln. $36.00
9. STROOMBERG, J., Sporen van Boekhouding voor Paciolo. [Overdruk uit J. G. Ch Volmer: Van Boekhouden tot Bedrijfsleer, een Bundel opstellen ter Gelegenheid van zijn Vijfentwintig
Jarig hoogleeraarschap door oud-studenten aangeboden] Reprinted 1977. Woessen, 1934. pp. 246-269. (24p.) Cloth $15.00
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Announcement
Annual membership dues for individuals, institutions, and libraries for 1983 are twenty U.S. dollars ($20.00). Membership dues for doc-toral 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
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