Announcement

THE ACADEMY OF ACCOUNTING HISTORIANS 1988 ACCOUNTING HISTORY MANUSCRIPT AWARD

The Academy of Accounting Historians has established an annual manuscript award to encourage young academic scholars to pursue historical research. Any historical manuscript on any aspect of the field of accounting, broadly defined, is appropriate for submission.

Eligibility and Guidelines for Submissions

Any accounting faculty member, who received his/her docto¬rate within seven years, is eligible for this award. Manuscripts must conform to the style and length requirements of the Ac¬counting Historians Journal. Manuscripts must be the work of one author and previously published manuscripts or manuscripts under review are not eligible for consideration.

Seven copies of each manuscript should be submitted by March 31, 1988 to: Dr. Barbara D. Merino, North Texas State University, P.O. Box 13677, Denton, Texas 76205. A cover letter, indicating the author’s mailing address, date doctoral degree awarded, and a statement that the manuscript has not been published or is not being currently considered should be included in the submission packet.

Review Process and Award

The Academy’s Manuscript Award Committee will review submitted manuscripts and select one recipient each year. The author will receive a $500 stipend and a certificate to recognize his/her outstanding achievement in historical research. The manuscript will be published in the Accounting Historians Jour¬nal after any revisions deemed necessary by the manuscript editor of the Journal. The award will be given annually unless the manuscript award committee determines that no submission has been received that warrants recognition as an outstanding manuscript. The award will be presented at the business meeting of the Academy in Orlando in August 1988.

Announcement

The Accounting Historians journal
announces that the FIFTEENTH ANNUAL
HOURGLASS AWARD
for the most notable contribution to the literature of Accounting History
has been awarded to
Ernest Stevelinck
for his contributions to the
Literature of Accounting History
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
1985 — Edgar Jones
1986 — Leonard Spacek

Announcement

CONTENTS OF ACCOUNTING RESEARCH JOURNALS
ACCOUNTING AND BUSINESS RESEARCH
Number 67 Summer 1987
A research quarterly published by the Institute of Chartered Accountants in England and Wales
Editors: R. H. Parker, University of Exeter C. W. Nobes, University of Reading
CONTENTS
Wealth and Poverty in the English Football A. J. Arnold
League I. Benveniste
Starting Out in Management Accounting Research Nandan Choudhury
Expert Systems in Accountancy: A Review of N. A. D. Connell Some Recent Applications
On the Segment Identification Issue C. R. Emmanuel
N. Garrod
Divisional Performance Measurement with Alan Gregory
Divisions as Lessees of Head Office Assets
Judicial Views on Accounting in Britian Before Jean Margo Reid 1889
Divestment and the Control of Divisionalised Mike Wright
Firms Steve Thompson
Australia’s ASRB. A Case Study of Political R. G. Walker
Activity and Regulatory ‘Capture’
Book Reviews
Subscriptions should be sent to 40 Bernard Street, London WC1N 1LD, England. Subscription rates are:

UK Overseas Overseas Airmail
Individual £22 £24 £29
Student £11 £12 £17
Corporate/Individual £ 32 £ 33 £ 38
All subscriptions can be paid in US dollars at current rates of exchange.

Announcement
the Editor

ACCOUNTING WIL L IAM R. KINNEY, JR.
REVIEW University of Michigan
Quarterly Journal Associate Editors
of the JOEL S. DEMSKI
American Accounting Association ROBERT W.HOLTHAUSEN
University of Chicago
ROBERT LIBBY University of Michigan
ROBERT G. MAY
University of Texas at Austin
GERALD L. SALAMON
Indiana University
VOL. LXII JULY 1987 No. 3

MAIN ARTICLES

Predicting Audit Qualifications with Financial and Market
Variables …. Nicholas Dopuch, Robert W. Holthausen, and
Richard W. Leftwich 431
Simulation Evidence and Analysis of Alternative Methods of
Evaluating Dollar-Unit Samples .. .Richard A. Grimlund and
William L. Felix, Jr. 455
Taxes and Off-Balance-Sheet Financing: Research and
Development Limited Partnerships Terry Shevlin 480
Unexpected Earnings, Firm Size, and Trading Volune Around
Quarterly Earnings Announcements .. . .Linda Smith Bamber 510

NOTES

Voluntary Financial Disclosure by Mexican Corporations .Chee W.
Chow and Adrian Wong-Boren 533
Client Control Environments: An Examination of Auditors’
Perceptions Mark E. Haskins 542
Effects of Outcome Information on Evaluations of Managerial
Decisions Clifton E. Brown and Ira Solomon 564
An Empirical Study of Audit Committee Support for Auditors
Involved in Technical Disputes with Client
Management Michael C. Knapp 578

COMMENTS

Understanding Accounting Changes in an Efficient Market: A
Comment, Replication, and Re-Interpretation . .. .William M.
Cready and John K. Shank 589
Understanding Accounting Changes in an Efficient Market:
Analysis of Variance Issues James C. McKeown 597
FINANCIAL REPORTING
Establishing the Common Stock Equivalence of Convertible
Bonds Bruce R. Gaumnitz and Joel E. Thompson 601

Announcement

ACCOUNTING AND FINANCE

Vol.27 No. 1 May 1987
AAANZ Manuscript Award and Medal
THE ROLE OF ACCOUNTING INFORMATION,
ENVIRONMENT AND MANAGEMENT CONTROL
IN MULTI-NATIONAL ORGANIZATIONS
Peter Brownell 1
MULTIFACTOR ASSET PRICING MODELS
N A. Sinclair 17
FIELD DEPENDENCE COGNITIVE STYLE AS A
MODERATING FACTOR IN SUBJECTS’ PERCEPTIONS
OF AUDITOR INDEPENDENCE
Ferdinand A. Gul 37
PRICING AND INDIRECT COST ALLOCATION —
A NOTE
Arnold Schneider 49
A NOTE ON THE PREDICTABILITY OF FINANCIAL
DISTRESS IN NEW ZEALAND LISTED COMPANIES
D. G. Ferner and R. T. Hamilton 55
BOOK REVIEWS 65
POST-GRADUATE DEGREES AWARDED
IN AUSTRALIA AND NEW ZEALAND 83
NEWS FROM INSTITUTIONS 99

ACCOUNTING AND FINANCE is published twice yearly in May and November by the Accounting Association of Australia and New Zealand. The membership fee is $25 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 $25 per year. Editorial correspon¬dence should be addressed to Professor F. J. Finn, Editor, Department of Commerce, University of Queensland, St. Lucia, Queensland, 4067, Au¬stralia. Applications for membership should be addressed to The A.A.A.N.Z., c/o Department of Commerce, University of Queensland, St. Lucia, Queensland, 4067.
ISSN: 0810-5391

Announcement

JOURNAL OF ACCOUNTING EDUCATION

Volume 5, No. 2 Fall, 1987
Editor Managing Editor
E. Kent St. Pierre Lamont F. Steedle
James Madison University James Madison University
Associate Editors
Richard E. Baker Lawrence H. Hammer
Northern Illinois University Oklahoma State University
Bruce A. Baldwin William A. Raabe
Portland State University University of Wisconsin – Milwaukee
Angelo DiAntonio Bradley Roof
Towson State University James Madison University
Albert H. Frakes Washington State University

MAIN SECTION

The Economics of External Reporting: Three Frameworks for the Classroom — Jamie Pratt
Accounting Education: A Learning Styles Study of Professional-Technical and Future-Adaptation Issues — H. Donald Brown and Richard C. Burke
Selecting Instructional Design for Introductory Accounting Based on The
Experiential Learning Model — Richard E. Baker, John R. Simon and Frank P. Bazeli
Employers’ Accounting for Pensions: A Theoretical Approach to
Financial Accounting Standard No. 87 — Curtis L. DeBerg, H. Fred Mittelstaedt and Philip R. Regier
Computer Education: A Survey of Accounting Graduates — Virginia L. Bean and Jeanette N. Medewitz
Internationalizing the Accounting Curriculum — W. Richard Sherman .
Inconsistency in Inventory Loss Measurements Under the LCM Rule —
Stanley E. Warner, Jr. and Frederick D. Whitehurst
Applications of Computer Assisted Tax Research in Academic Tax
Programs — Don C. Marshall, Kevin M. Misiewicz and W. Ron Singleton

TEACHING AND EDUCATIONAL NOTES SECTION

Microcomputer Sensitivity Analyses for Business Combinations — Thomas F. Schaefer.

An Application of Opportunity Cost for a Short-Run Pricing Decision — Hai G. Park and Bart Hartman

SFAC No. 2 Reliability from a Statistical Perspective — Barbara Taylor, Lane K. Anderson and John T. Sennetti

An Investigation into the Status of Public Community College Tax Curricula — Benny R. Zachary

Accounting for Variable Stock Options — Ronald A. Milne, Glenn A. Vent, and Reuben Neumann

Additional Experimental Evidence on the Relationship Between Class Meeting Time Compression and Accounting Student Performance and Evaluations — David E. Stout, E. H. Bonfield and Marianne S. Battista

Consulting Referees

The individuals listed below served as consulting referees for the Fall 1987 volume of The Journal. The listing includes indi-viduals whose reviews were received by September 1, 1987.
Robert Bricker, Ohio State University
Richard Brown, Kent State University
Doris Cook, University of Arkansas
George Costouros, San Jose State University
Eugene Flegm, General Motors Corporation
Tonya Flesher, University of Mississippi
Herman Freudenberger, Tulane University
S. Paul Garner, University of Alabama (Emeritus)
Oscar Gellein, Englewood, Colorado
David Jaeger, Case Western Reserve University
Jimmy Jones, Own account, Baltimore, Maryland
Alan Lord, Case Western Reserve University
Larry Parker, Case Western Reserve University
Larry Phillips, University of Miami
Jean Reid, New York University
Hanns-Martin Schoenfeld, University of Illinois
Williard Stone, University of Florida (Emeritus)
Richard Vangermeersch, University of Rhode Island
James Williams, Ernst & Whinney