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HISTORIANS NOTEBOOK

? 1978-84 (2 per year), $1.00 per copy $ 14.00
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

Annual membership dues for individuals, institutions, and libraries for 1985 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 recent years and we can no longer absorb these charges.
THE ACADEMY OF ACCOUNTING HISTORIANS APPLICATION FOR MEMBERSHIP
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Mail to: Secretary
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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 historical research. The Working Paper Series currently includes sixty papers which are available in three single bound 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, Rasoul H. Tondkar, School of Business, Virginia Commonwealth University, Richmond, Virginia 32384 U.S.A. In addition to the forty working papers appearing in Volume 1 and Volume 2 listed on the next page, Volume 3 is now available.

Working Papers 41-60 Volume 3

41. “Factors Shaping the Independent Public 52. “The Ideas of Stuart Chase: Pioneer Social
Auditing Profession in the United States Accountant and Economist,” by Robert
from 1905 to 1933,” by Bruce E. Committe. Bloom.

42. “Frederick W. Taylor and the Evolution of 53. “The Accounting Review: 1935-39 A Digest,
Standard Overhead Costing,” by Rosita S. Survey, and Commentary,” by James H.
Chen and Sheng-Der Pan. Potts.

43. “A Synthesis of the Inquiry into the Con- 54. “An Update and Overview of the German
tribution of Double-Entry Bookkeeping to Accounting Profession Post-1973,” by Hans
Capitalism,” by James L. Strachan. J. Dykxhoorn and Kathleen E. Sinning.

44. “Philosophies of History—Their Basic Ten- 55. ” Development of Accounting in a Cen-
ets,” by Owen B. Moseley and Milton F. trally-Planned Economy,” by Wlodzimierz
Usry. Brzezin and Alicja A. Jaruga.

45. “The Development of the Auditor’s Report 56. “Internal Controls Then and Now: Tontines
in the United States,” by Tonya K. Flesher and Life Annuities in Old Regime France,”
and Dale L. Flesher. by Robert M. Jennings and Andrew P.

46. ” The Evolution of Accounting in Indone- Trout.
sia,” by Abd. Fawzy Siddik, and Herbert L. 57. “An Historical Analysis of the Financial Re-
Jensen, porting Practices of Philips Industries of the

47. “On the Evolution of Accounting Objec- Netherlands for Tangible Fixed Assets and
tives,” by Robert Bloom. Inventory 1915-1981, by Richard Vanger-
48. “The Pioneer of Accounts Theory in Ja- meersch.

pan: An Appraisal of the Methodology of 5 8.” The Financial Statements of U.S. Steel,
Wasaburo Kimura,” by Yoshiaki Jinnai. 1902-1951: A Half Century of Leadership in

49. Accounting for Investments in Common Reporting,” by Ed Younkins, Dale L.
Stock in the United States of America from Flesher, and Tonya K. Flesher.
1900 to the Present,” by Edward A. Becker. 59. “SFAS 52 in Perspective: Background of

50. “An Historical Perspective of the Account- Accounting for Foreign Currency Translation
ing Environment: A General Outline of a in Financial Reports of United States Multi-
Western European and North American national Corporations,” by Dahli Gray.

Linkage,” by Stanley C. W. Salvary. 60. “The Development of Accounting in the
51. “The Nature of Historical Research,” by West, China and Japan,” by Robert
Owen B. Moseley and Milton F. Usry. Gardella.

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 Papers 21-40 Volume 2
Working Paper Number Working Paper Number

“The CPA’s Professional Heritage, Part I,” 21. “Early Greek Accou
by John L. Carey. Century B.C.),” by George

1. “The CPA’s Professional Heritage, Part I,” 21. “Early Greek Accounting on Estates (Fourth
by John L. Carey. Century B.C.),” by George J. Costouros.
“The Audit of Historical Records as a 22. “The Traditional Accounting Systems in
Learning Device in Studying Environmental the Oriental Countries — Korea, China,
and Socio-Economic Influences on Account- Japan,” by Jong Hyeon Huh.
ing,” by Richard H. Homburger. 23. “The Evolution of Ethical Codes in Ac-

3. “The Accounts of Ancient Rome,” by counting,” by Joyce C. Lambert and S. J.
Kenneth S. Most. Lambert, III.

4. ” Survey of the Development of Auditing in 24. ” The Oldest Book of Double Entry Book-
Germany,” by Rosa-Elisabeth Gassmann. keeping in Germany,” by Kiyoshi Inoue.

5. “The CPA’s Professional Heritage, Part II,” 25. “An Annotated Bibliography for Historical
by John L. Carey. Research in Cost Accounting,” by Edwin

6. “A Chronological Index Prepared for John Bartenstein.
L. Carey’s The Rise of the Accounting Pro- 26. “The Role of Academic Accounting Re-
fession, Volume I, 1896-1936,” by Gary search: An Historical Perspective,” by Eric
John Previts. Flamholtz.

7. “The State of Bookkeeping in Upper 27. “The Structure of Scientific Revolutions
Germany at the Time of the Fuggers and and Its Implications for the Development
Welsers,” by Hermann Kellenbenz. of Accounting Policy,” by Diana Flamholtz.

8. “A Chronological Index Prepared for John 28. “The Development of Accountancy in
L. Carey’s The Rise of the Accounting Pro- Hungary Since 1946. . . ,” by Rezso L.
fession, Volume II, 1937-1970,” by Gary Scholcz.

John Previts. 29. “Historic Origins of the Purchase vs. Pool-
9. “A Bibliography on the Relationship Be- ing of Interests Problem,” by Wesley T.
tween Scientific Management and Standard Andrews.

Costing,” by Marc J. Epstein. 30. “Current Efforts to Develop a Conceptual
10. “A Significant Year (1873) in the History Framework for Financial Accounting and
of Bookkeeping in Japan,” by Kojiro Reporting,” by William G. Shenkir.
Nishikawa, 31. “Influence of Nineteenth and Early

11. “Historical Development of Early Account- Twentieth Century Railroad Accounting on
ing Concepts and Their Relation to Certain Development of Modern Accounting The-
Economic Concepts,” by Maurice S. New- ory,” by James L. Boockholdt.
man. 32. “The Historical Development of Standard

12. “Thirty-six Classic Articles from the 1905- Costing Systems Until 1920,” by Nathan
1930 Issues of The Journal of Accountancy,” Kranowski.

by Richard Vangermeersch. 33. “The CPA’s Professional Heritage, Parr
13. “The Development of the Theory of Con- IV,” by John L. Carey.
tinuously Contemporary Accounting,” by 34. “The Evolution of Accounting Theory in
R. J. Chambers. Europe from 1900 to the Present Day and

14. ” The CPA’s Professional Heritage, Part Its Implications on Industrial Management
III,” by John L. Carey. of Tomorrow,” by Paul Weilenmann.

15. “Two Papers on the History of Valuation 35. “Sombart on Accounting History,” by
Theory (I. Management Behavior on Orig- Kenneth S. Most,
inal Valuation of Tangible and Intangible
a l uatio n of Tangible and Intangible 36. “A Most Unforgetable Accounting His-
Fixed Assets. II. The Significance of Write- torian: Frederic G. Gamble,” by Paul
ups of Tangible Fixed Assets in the Garner and Reza Espahbodi.
1920’s),” by Richard Vangermeersch. 37. “Historical Overview of Developments in

16. “The Golden Anniversary of One of Ac- Cost and Managerial Accounting,” by M.
counting History’s Mysterious Contributors: Zafar Iqbal.
Albert DuPont, by Gary John Previts and 38. “Comments on Accounting Disclosures in
S. Paul Garner. the Baltimore and Ohio Annual Reports

17. “Evidential Matter Pertaining to the His- from 1828 Through 1850,” by Richard
torical Development of the Concepts of Dis- Vangermeersch.
closure and Its Uses as a Teaching Aid,” by 39. “A Contemporary Review of the Evolution
Hans V. Johnson. of Value Concepts (1500-1930),” by J. W.

18. “The Evolution of Pooling of Interests Martin.
Accounting: 1945-1970,” by Frank R. Ray- 40. “Tracing the Development of a Conceptual
burn. Framework of Accounting—A Western

19. “The Study of Accounting History,” by European and North American Linkage: A
Vahe Baladouni. Partial Examination,” by Stanley C. W.

20. “The Evolution of Corporate Reporting Salvary.
Practices in Canada,” by George J. Murphy.
Order From: Secretary

The Academy of Accounting Historians P. O. Box 658 Georgia State University Atlanta, Georgia 30303 U.S.A, Cost: $5 to members of The Academy of Accounting
Historians; $7.50 to non-members 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 Dale A. Buckmaster, 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. 1981. (out of print)
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 Historians Journal
announces that the THIRTEENTH ANNUAL
HOURGLASS AWARD
for the most notable contribution to the literature of Accounting History
has been awarded to
Edgar Jones for his publication
ACCOUNTANCY AND THE BRITISH ECONOMY 1840-1980: THE EVOLUTION OF ERNST & WHINNEY
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 D. Merino
1981 —H. Thomas Johnson
1982 — Williard E. Stone
1983 — Richard P. Brief
1984 — Esteban Hernandez Esteve

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$45 for residents of the United States and Canada and US $25 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.
Vol. LX July 1985

MAIN ARTICLES

A Horizontal Equity Analysis of the Minimum Tax Provisions:
An Empirical Study Kenneth E. Anderson, Jr.
The Formation of Earnings Expectations Dan Givoly
An Empirical Study of Error Characteristics in Accounting
Populations Jane Ham, Donna Lossell and Wally Smieliauskas
Stock Market Behavior and Tax Rule Changes: The Case of the
Disallowance of Certain Interest Deductions
Claimed by Banks Silvia A. Madeo and Morton Pincus
Toward a Positive Theory of Information Evaluation: Relevant
Tests of Competing Models in a
Principal-Agency Setting Wilfred Uecker, Albert Schepanski and Joon Shin The Self-Selection and Effort Effects of Standard-Based
Employee Contracts: A Framework and
Some Empirical Evidence William S. Waller and Chee W. Chow
NOTES An Examination of Auditor Performance
Evaluation Steven E. Kaplan and Philip M. J. Reckers
Characteristics of Dollar-Unit Taints and Error
Rates in Accounts Receivable and
Inventory John Neter, Johnny R. Johnson and Robert A. Leitch
A Comparison of Alternative Methods of Eliminating
Constant Dollar Depreciation Daniel G. Short
Reliability Model of an Internal Control System with Control
Components in Series: Is There is Paradox? Rajendra P. Srivastava
EDUCATION RESEARCH, Jack E. Kiger, Editor Admission to Accounting Programs: Using a Discriminant Model
as a Classification Procedure Ronald L. Clark and Robert B. Sweeney
1983 Survey of Doctoral Programs in Accounting in the
United States and Canada William F. Crum and Don E. Garner
Convertible Securities and Earnings per Share:
A Competitive Ranking
Algorithm Bob Kilpatrick, Karl Putnam and Harold Schneider
FINANCIAL REPORTING, Clyde P. Stickney, Editor Aetna, the SEC and Tax Benefits of Loss
Carryforwards John A. Elliott and Robert J. Swieringa
Accounting for Deferred-Payment
Notes Richard L. Rogers and Krishnagopal Menon
BOOK REVIEWS, Harvey S. Hendrickson, Editor

Announcement
TO ALL MEMBERS OF THE ACADEMY OF ACCOUNTING HISTORIANS
Please ensure that the Library of your university, firm or corporation
is a subscriber to The Accounting Historians Journal

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 Banken und der Ursprung des Wechsels: Supplement. Stuttgart 1881. Neudruck 1974. VIII, 91 S. Ln. $15.00

5. JÄGER, Ernst Ludwig, Die Berechtigungder einfachen Buchhaltung gegenüber der italienischen. Dritte. durch die Geschichte der Buchhaltung und deren Unterwendung auf die Landwirtschaft, sowie bezüglich des kaufmän-nischen 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. $15.00

8. KHEIL, Carl Peter, Benedetto Cotrugli Raugeo: Ein Beitrag zur Geschichte der Buch haltung. 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 zur mittlelalterhchen Handels und Vermögensstati- stik. 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. 40S. 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

7. 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. Changeura 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 uitge- geven 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- Systemeund Buchhaltungs-Formen: Ein Lehrbuch der Buchhaltung. Mit über hundert Formularenund 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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