Announcement
Announces that the EIGHTH ANNUAL
HOURGLASS AWARD
for the most notable contribution to the literature of Accounting History
has been awarded to Gary John Previts and Barbara Dubis Merino
authors of
A History of Accounting in America
John Wiley & Sons
1979
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
Announcement
NOW AVAILABLE
MONOGRAPH #3
ERIC LOUIS KOHLER: A COLLECTION OF HIS WRITINGS (1919-1975)
Edited by W. W. Cooper, Yuji Ijiri and Gary John Previts
Over eighty articles and essays by Accounting’s “Man of Principles”
Hardbound or Paperback
(See Publications Order Form of Academy for Details)
Announcement
Publications of The Academy of Accounting Historians
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G Volumes 1 through 3 (1974-76) $20.00
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? Volumes 4 through 7 (1977-80) $60.00
OR $15.00 per volume, $7.50 per issue.
? Volume 8 (1981) $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’s Articles and Editorials by Cooper, Ijiri & Previts
Hardback $15.00
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* 15% discount to members on individual orders.
HISTORIANS NOTEBOOK
? 1978-80 (2 per year), $1.00 per copy $ 6.00
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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
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 $11.95 373 pp. paperback edition. 1980.
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Announcement
ACCOUNTING AND BUSINESS RESEARCH
Number 39 Summer 1980
A research quarterly published by
the Institute of Chartered Accountants
in England and Wales
Editor: R. H. Parker, University of Exeter, England.
Retirement of Professor Harold Edey Developments in Internal Auditing
‘Significant Influence’ Through Board Representation: Some Conflicts and Controversies
The Valuation of Liabilities The Auditor’s Liability: A Myth?
On the Integration of Accounting Research on Human Information Processing
Book Reviews
Notes on Contributors
A. D. Chambers G. Gniewosz
Deepak Kulkarni
John K. Courtis G. D. Pound
Doug Snowball
Subscriptions—U.K. £1 8.00; Overseas £24.00; Airmail £29.00 should be sent to City House, 56-66 Goswell Road, London EC1M 7AB England. Copies of Readings in Accounting and Business Research 1970-1977 (£5.00/$ 12.00) are available from the same address.
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 44 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, Ashton C. Bishop; 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 Contribution of Double-Entry Bookkeeping to Capitalism,” by James L. Strachan.
44. “Philosophies of History—Their Basic Tenets,” by Owen B. Moseley and Milton F. Usry.
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 Profession, 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 His torical 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. 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 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. 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.
3 5. ” 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: Ashton C. Bishop 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
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 JANUARY, 1981
MAIN ARTICLES
Valuation of Earnings Components in the Electric Utility Industry
Robert M. Bowen Market Efficiency
William H. Beaver Asset Valuation with Incomplete Markets
James R. Boatsman and Elba F. Baskin Repeal of the Deferral Privilege for Earnings
from Direct Foreign Investments: An Analysis
Susan L. Nordhauser and John L. Kramer The Disclosure of Replacement Cost Accounting Data and Its Effect on Transaction Volumes
Byung T. Ro NOTES Joint Cost Allocation: A Unified Approach
Bala V. Balachandran and Ram T. S. Ramakrishnan Wirtschaftsprüfer Perception of Auditor Independence
Hans J. Dykxhoorn and Kathleen E. Sinning A Benefits Approach to Certain Accounting Policy Choices
William K. Carter
Product Warranty Period: A Markovian Approach to Estimation and Analysis of Repair and Replacement Costs
K. R. Balachandran, Richard A. Maschmeyer, and J. Leslie Livingstone
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 Accountancy. Brooklyn 1930. Reprinted 1974. 288p.
Cloth $25.00
4. JÄGER, Ernst Ludwig, Die altesten Banken undder 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 Accountants 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 Nederlanden. 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 Abstracts 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 Buchhaltung: Ein Leitfaden. Brünn 1919. Neudruck 1975. 40 S. Ln. $12.50
6. SIEVEKING, Heinrich, Aus venetianische Handlungsbüchern: Ein Beitrag zur Geschichte des Grosshandels im 15. Jahrhundert. [Jahrbuch für Gesetzgebung, 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 Formender Buchhaltung: Von ihren Anfangen bis zur Gegenwart. 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 Boekhouden tot Bedrijfsleer, een Bundel opstellen ter Gelegenheid van zijn Vijfentwintig Jorig hoogleeraarschap door oud-studenten aangeboden] Reprinted 1977. Woessen, 1934. pp. 246-269. (24p.) Cloth $12.50
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Announcement
Due to the increase in printing and postage costs the Academy has found it necessary to increase the membership dues in 1981 to twenty U.S. dollars ($20.00). It is our hope that we can sustain this amount for at least three years.
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.
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GUIDE FOR SUBMITTING MANUSCRIPTS
The Academy of Accounting Historians invites manuscripts on subjects related to accounting history for The Accounting Historians Journal. Articles should have scholarly merit and present an original contribution to the knowledge in the field. Articles presenting the results of research from primary sources will be given preference. All articles will be reviewed by two or more members of the Editorial Board. The Journal is scheduled to appear each Spring and Fall.
Manuscripts should be in English and of acceptable style and organization for clarity of presentation. Submit three copies double spaced on 8/4x 11 inch paper. The manuscript should not exceed 5,000 to 7,000 words. The title page Should contain name of author, affiliation and address for further correspondence. The title, but not the author’s name, should reappear on the first page of the manuscript.
Tables and figures should be numbered, titled and presented in reproducible form. Limited use of original documents etc. can be accommodated in the Journal at modest additional cost to the author by submitting camera-ready copy. Important textual materials may be presented in both the original language and the English translation.
Footnote numbers must be referenced in sequence within the article. The bibliography should contain full reference to sources arranged in alphabetical order by author. Informational footnotes are to be presented at the bottom of the page referenced by letters and should be limited in size and number. Consult a previous issue of the Journal for examples.
Galley proofs will be sent to the author as permitted by scheduling but additions of new material must be strictly limited and excessive alterations will be charged to the author. Ten copies of the Journal on publication will be provided to the author.
An abstract of the article will precede the printed article, and should be submitted with all manuscripts. Abstract should not exceed 100 words.
Reprints may be ordered from the printer. Costs of these are billed directly to the author by the printer. Minimum order 100, prices to be established by printer.
SUBMIT MANUSCRIPTS TO:
Edward N. Coffman, Manuscripts Editor The Accounting Historians Journal School of Business Virginia Commonwealth University Richmond, Virginia 23284 U.S.A.
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The Accounting Historians Journal
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