ANNOUNCEMENT
ISSN 0951-3.574
A
ccounting Volume 5
uditing & Number 4
[ccountability 1992
Journal
CONTENTS Editors
James Guthrie and Lee Parker
Abstracts and Keywords 2
Field Research in Management Accounting and Control: A Review and Evaluation
Lourdes D. Ferreira and Kenneth A. Merchant 3
The Non and Norn of Accounting for (M)other Nature
Christine Cooper 16
The Rhetoric of Science and the Rhetoric of Revolt in the “Story” of Positive Accounting Theory
Tom Mouck 35
The Investment Performance of UK “Ethical” Unit Trusts
Robert G. Luther, John Matatko and
Desmond C. Corner 57
The Use of Accounting Data in Operational Decision Making in Algeria
C. S. Jones and S. Sefiane 71
Readability and Understandability: Different Measures of the Textual Complexity of Accounting Narrative
Malcolm Smith and Richard Taffler 84
Index to Volume 5 99
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ANNOUNCEMENT
ISSN 0951-3574
p Volume 6
udtting & Number 1
Accountability 1993
Journal
CONTENTS Editors
James Guthrie and Lee Parker
Abstracts and Keywords 2
Editorial 3
Announcements 6
Call for Papers 7
Maiy Parker Follett 8
Dismantling Financial Disclosure Regulations: Testing the Stigler-Benston Hypothesis
Fahrettin Okcabol and Tony Tinker , 10
Protecting against Detection: The Case of Auditors and Fraud?
Christopher Humphrey, Stuart Turley and Peter Moizer 39
Investor Interests and Government Accounting Disclosure
Gary Giroux and Donald Deis 63
Accounting, Auditing and the Business Establishment in Colonial Auckland 1880-1895
Keith C. Hooper, Michael J. Pratt and Kathryn N. Kearins 79
Book Reviews 99
Ad Hoc Manuscript Referees 1992 104
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ANNOUNCEMENT
ISSN 0951-3574
A
cc°”ntiJ Volume 6
uditing & Number 2
accountability 1993
Journal
CONTENTS Editors
James Guthrie and Lee Parker
Abstracts and Keywords 2
Keeping the Record Straight: Foucauldian Revisionism and Nineteenth Century US Cost
Thomas Tyson 4
Incentive Structure and Group Performance Expectations in a Budgeting Setting: A Descriptive Study
Mohamed E. Abul-Ezz and John W. Dickhaut 17
Standardization Issues in Management Accounting Communication
Mohamed E. Bayou 32
A Scale of Perceived Independence: New Evidence on an Old Concept
Roger W. Bartktt 52
Self-regulation in the Public Accounting Profession: The Structural Response of the Large Public Accounting Firms to a Changing Environment
C. Richard Baker 68
Personality Profile of Female Public Accountants
Ronald A. Davidson and J. Thomas Dalby 81
Commentary
Losing One’s Reason: On the Integrity of
Accounting Academics
Hugh Willmott, Tony Puxty and Prem Sikka 98
Book Reviews Ill
MCB UNiversity Press Limited
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ANNOUNCEMENT
ACCOUNTING AND BUSINESS RESEARCH
Guest Editors: K. Keasey, University of Leeds
M. Wright, University of Nottingham
Volume 23 Number 91A
Corporate Governance Special Issue 1993
CONTENTS
Issues in Corporate Accountability Kevin Keasey
and Governance: An Editorial Mike Wright
The Corporate Governance Jigsaw Nigel Macdonald
Aileen Beattie
Corporate Governance and the
Regulation of Financial Reporting Geoffrey Whi ttington
Approaching Corporate Accountability: Sonja Gallhofer
Fragments from the Past Jim Haslam
Managerial Remuneration and Corporate William Forbes
Governance: A Review of the Issues, Robert Watson
Evidence and Cadbury Committee Proposals
Ownership Structure, Board Relationships Robert Mangel
and CEO Compensation in Large US Corporations Harbir Singh
Remuneration Committees and Corporate Brian G. M. Main
Governance James Johnston
Executive and Employee Share Options: Don Egginton
Taxation, Dilution and Disclosure John Forker
Paul Grout
Executive Compensation and Deregulation Hilary Ingham
in UK Building Societies Steve Thompson
Markets, Hierarchies and the Regulation Irvine Lapsley
of the National Health Service
The Audit Expectations Gap in Britain: Christopher Humphrey
An Empirical Investigation Peter Moizer
Stuart Turley
Auditor’s Liability: Its Role in the Noel O’Sullivan
Corporate Governance Debate
Factors Affecting the Voluntary Formation Paul Collier
of Audit Committees in Major UK Listed Companies
Financial Reporting and Corporate Accountability P. Ormrod
K. C. Cleaver
Subscription Rates
UK Overseas Overseas Airmail
Individual £26 £28 £33
Student £13 £14 £19
Corporate/Institutional £60 £62 £68
All Subscriptions may be paid in US dollars at current rates of exchange.
ANNOUNCEMENT
ACCOUNTING AND BUSINESS RESEARCH
A research quarterly published by the Institute of Chartered Accountants in England and Wales
Editors: C. W. Nobes, University of Reading R. H. Parker, University of Exeter
Volume 23
Number 90 CONTENTS
Spring 1993
Editorial
Evaluation of Practice in UK and US Companies E. S. Davies
P. Weetman
Cash Flow Estimation and Cost of Capital for Overseas Projects
The Effects of Senior Internal Auditor Behavior on Staff Performance and Satisfaction
Management Discussion and Analysis: An
Sharif N.Ahkam James C. Baker
Barbara Apostolou William R. Pasewark Jerry R. Strawser
W. Collins
Accounting for Intangibles: A Theoretical Perspective
Triple-Entry Bookkeeping: A Critique
The Effect of Behavior Monitoring and Uncertainty on the Use of Performance Contingent Compensation
Management Accounting’s Diminishing Post-industrial Relevance: Johnson and Kaplan Revisited
Book Reviews
Allan Hadgson John Okunev Roger Willett
Ian A. M. Fraser
Leslie Kren Jeffrey L. Kerr
John Lowry
Subscription Rates
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Student
Corporate/Institutional
UK £26 £13 £60
Overseas £28 £14 £62
Overseas Airmail £33 £19
£68
All subscriptions can be paid in US dollars at current rates of exchange.
ANNOUNCEMENT
ACCOUNTING AND BUSINESS RESEARCH
A research quarterly published by the Institute of Chartered Accountants in England and Wales
Editors: C. W. Nobes, University of Reading R. H. Parker, University of Exeter K. V- Peasnell, university of Lancaster
Volume 23 Number 91 Summer 1993
CONTENTS
On the Usefulness of Operating Income, Net C. S. Agnes Cheng
Income and Comprehensive Income in Joseph K. Cheung
Explaining Security Returns V. Gopalakrishnan
Pastoral Accounting in Pre-Federation Victoria: Garry D. Carnegie A Case Study on the Jamieson Family
An Analysis of Incentives for Australian Firms Craig Deegan
to Apply for Reporting Excellence Awards Gary Carroll
Foreign Currency Translation and FRS 1 George Georgiou
Value Added Tax in the UK: Identifying the Michael Godwin
Important Issues
Tests of Controls with Interim-Review Richard A. Grimlund
Populations: New Results and Recommendations for Implementing Professional Pronouncements
The Information Content of Cash Flows and Juha Kinnunen
the Random Walk: Evidence from the Helsinki Jykri Niskanen Stock Exchange
Bank-Corporate Relations: Change Issues in the John Holland International Enterprise
Book Reviews
Subscription Rates
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Student £13 £14 £19
Corporate/Institutional £60 £62 £68
All subscriptions can be paid in US dollars at current rates of exchange. Order from The Subscriptions Manager, Accounting and Business Research, 40 Bernard Street, London, EC1 1LD, England.
ANNOUNCEMENT
ACCOUNTING AND BUSINESS RESEARCH
Volume 23 Number 92 Autumn 1993
CONTENTS
Changing Perceptions of the Role of the Roy A. Chandler
Company Auditor, 1840-1940 John Richard Edwards
Malcolm Anderson
The Impact of Accounting Principles on T. E. Cooke
Profits: The US versus Japan
Auditor Lobbying for Accounting Standards: Heidi Hylton Meier
The Case of Banks and Savings and Loan Pervaiz Alam
Associations Michael A. Pearson
The Appraisal of Ordinary Shares by Richard Pike
Investment Analysts in the UK and Johannes Meerjanssen
Germany Leslie Chadwick
On the ‘Steady State’ Properties of Huw Rhys
Financial Ratios Mark Tippett
The Diffusion of Tax Effect Accounting Baljit K. Sidhu
in Australia Greg Whittred
Book Reviews
Subscription Rates
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Individual £26 £28 £33
Student £13 £14 £19
Corporate/Institutional £60 £62 £68
All subscriptions may be paid in US dollars at current rates of exchange.
ANNOUNCEMENT
CONTEMPORARY ACCOUNTING RESEARCH
Volume 10, No. 1 Fall/automme 1993
Table of Contents
Articles
Firm Size, Security and Unexpected Earnings: The Anomalous
Signed-Size Effect T. Shevlin and D. Shores
Determinants of the Choice of Accounting for Investments
in Associated Companies I. Zimmer, T. Wilkins and V. Mazay
Initial Public Offering, Accounting Choices and
Earnings Management J. Aharony, C. J. Lin and M. Loeb
An Experimental Investigation of Explanations for Outcome Effects
of Appraisals of Capital-Budgeting Decisions C. E. Brown and I. Solomon
Discussion of “An Experimental Investigation of Explanations for
Outcome Effects of Appraisals of Capital Budgeting Decisions” K. Jamal
Noisy Accounting Earnings Signals and Earnings Response Coefficients:
The Case of Foreign Currency Accounting D. Collins and W. Salatka
Discussion of “Noisy Accounting Earnings Signals and Earnings Response
Coefficients: The Case of Foreign Currency Accounting” J. Kao
Discussion of “Noisy Accounting Earnings Signals and Earnings Response
Coefficients: The Case of Foreign Currency Accounting” P. Griffin
Managerial Efficiency. A Study of Management Buyouts K. Verma
Discussion of “Managerial Efficiency: A Study of Management Buyouts” .. . H. Falk
Management Compensation Surrounding an Accounting Change and Long Term
Construction Projects B. Balachandran and R. Ramanan
On Combining Evidence from Sub-Populations into a
Composite Conclusion J. E. Boritz, P. Zhang and S. Aldersley
Voluntary Income Increasing Accounting Changes P. Cheng and D. Coulombe
French Translation of “Voluntary Income Increasing
Accounting Changes” P. Cheng and D. Coulombe
Managerial Reputation and the Informativeness of Accounting and Market
Measures of Performance W. B. Johnson, S. M. Young and M. Welker
Auditors’ Generation of Diagnostic Hypotheses in Response to a Superior’s
Suggestion: Interference Effects B. K. Church and A. Schneider
Book Review/Compte rendu de livre
Editor/Redacteur. Jean Beclard
E. J. Gardner (ed.), Cases in Financial Accounting: Fundamentals and Cases in
Financial Accounting: Intermediate and Advanced I. Gordon
ANNOUNCEMENT
JOURNAL OF ACCOUNTING CASE RESEARCH
The Journal is published to foster the use of cases in accounting education by facilitating the distribution of new cases to make them available to faculty and students at a nominal cost. All correspondence should be addressed to the Editor, The Journal of Accounting Case Research, Faculty of Management, The University of Lethbridge, 4401 University Drive, Lethbridge, Alberta, Canada, T1K 3M4.
The Journal gratefully acknowledges the financial support of the Accounting Education Foundation of Alberta, a body established by the Institute of Chartered Accountants of Alberta to support accounting education in Alberta.
Editorial Policy
The Journal of Accounting Case Research publishes cases on accounting and related topics, and educational manuscripts related to the use of case materials in accounting. Case and Teaching Notes should be separated, and notes and references should appear at the end of the manuscript. Double-spaced manuscripts, on one side of the paper only, preferably submitted with a diskette in WordPerfect 5.1 containing all of the case material and teaching notes, are requested.
Cases submitted for review should have a separate title page with names and affiliations of all authors thereon. No names or references to the individuals involved in writing the case should be contained in the manuscript itself.
Cases should have a clear set of issues on which decisions are required, and they should be well-written in the English language. Any exhibits, tables, graphs or charts should be prepared in camera-ready form on separate pages, preferably in WordPerfect 5.1 compatible form (although that is not essential). A detailed teaching note is required, including some indication of courses in accounting for which the case is suitable, classroom format, other possible areas of use for the case, issues for discussion, directions for analysis, and any background material that would be relevant or appropriate for the case.
All cases submitted for review should be available for publication without restriction, unless a sponsoring agency (such as research funding agency or post-secondary educational institution) also holds a copyright. Under such circumstances, the agency should be willing to allow publication in the Journal of Accounting Case Research, subject to minimal restrictions on use by subscribers.
Cases submitted for review should be accompanied by a forwarding letter that contains either or both of the following, as applicable:
(1) The source of the material and the authorization of the provider of
the material for publication of the case in the Journal of Accounting
Case Research by the Accounting Education Resource Centre.
(2) A statement that any other material not provided by a specific
source, as in (1), has been obtained from fictional or public domain
sources, and that no copyrighted material has been used without
permission.
ANNOUNCEMENT
It is the policy of the journal to have a minimum of two blind reviews, by qualified academic and/or professional reviewers, of all materials considered for publication. Reviewers are provided with guidelines by the Centre, and their recommendations are given a careful and thorough consideration in publication decisions. The ultimate decision on publication, however, rests with the Editor and the Management Board of the Centre.
The copyright on all published cases will be held by the Accounting Education Resource Centre jointly with the author unless otherwise stated. Publication in other venues will be allowed by the journal if permission is requested in writing and a suitable royalty arrangement (if applicable) is made.
Submission of Cases
Five copies of cases and articles should be submitted (with teaching notes, where applicable) to:
Professor Eldon Gardner, Editor
The Journal of Accounting Case Research
Faculty of Management
The University of Lethbridge
4401 University Drive
Lethbridge, ALberta, Canada T1K 3M4
Telephone: (403) 329-2726
FAX: (403) 329-2038
E-Mail: GRDNER@HG.ULETH.CA
Subscription Information
The Journal of Accounting Case Research is published three times a year (Spring, Summer and Fall) by the Accounting Education Resource Centre of the University of Lethbridge. Its basic subscription cost is $60 (Canadian) per year inside Canada and $60 U.S. outside of Canada. Back issues or individual copies, as long as sufficient supplies are available, will be provided for $30 each, Canadian dollars inside Canada and U.S. dollars outside Canada. G.S.T. applies to Canadian subscriptions or individual copies, making the total cost $64.20 and $32.10 respectively to Canadians. The cost to non-Canadians is $60 and $30 U.S. respectively.
Subscriptions will be sent by book post (fourth class mail), unless oth-erwise requested. An additional charge will be levied for first class mail, air mail or equivalent. Interested subscribers should contact Captus Press for Information on these options.
Captus Press may be contacted as follows for subscriptions and back issues:
Mail: Captus Press, Inc.
York University Campus
4700 Keele Street
North York, Ontario
M3J1P3
Telephone: (416) 736-5537
FAX: (416) 736-5103
ANNOUNCEMENT
THE JOURNAL OF ACCOUNTING CASE RESEARCH
Published by Captus Press Inc.
for
The Accounting Education Resource Centre of the University of Lethbridge
Vol. 2, No. 1, Spring 1994 Table of Contents (Tentative)
Decision Cases in Disguise
Eldon Gardner, University of Lethbridge, Lethbridge, Alberta, Canada
Chalo Enterprises
Alfred NyaJita, National Railways of Zimbabwe, Bukwayo, Zimbabwe
Cowells Small Machine Tools
Stuart Manson, University of Essex, Colchester, U.K. and Iain Gray, Sheffield City Polytechnic,
Sheffield, U.K.
Gulf Canada Limited
V. G. Narayanan and Steven Iluddart, Stanford University, Stanford, California, U.S.A.
St. David’s Hotel, Exeter
Philip Moon, University of Leeds, Leeds, England
Manny’s Video
Eldon Gardner, The University of Lethbridge, Lethbridge, Alberta, Canada
Don Russell (A) and (B)
Kenneth Merchant, University of Southern California, Los Angeles, California, U.S.A.
Financial Trustco Capital Ltd.
Chris Robinson, York University, Toronto, Ontario, Canada
Frank’s Confectionary
Peter Clarke, University College, Dublin, Ireland
Trillium Enterprises Incorporated Irene Wiecek, Toronto, Ontario, Canada
Stroudsburg Sporting Goods
James Borden and Wayne Bremser, ViUanova University, Villanova, Pennsylvania, U.S.A.
Dress Acel Inc.
E. Bedirian and R. Collins, Concordia University, Montreal, Quebec, Canada
Light Engineering Works (A) and (B)
Wasif Khan, Lahore University of Management Sciences, Lahore, Pakistan
Jacob’s Farm
Robert Gruber, University of Wisconsin, Whitewater, Wisconsin, U.S.A.
Servex Telephone Corporation
Nas Ahadiat, California State Polytechnic University, Pomona, California, U.S.A.
Sunair
Larry Watkins, Northern Arizona University, Flagstaff, Arizona, U.S.A.
This new peer-reviewed journal is published three times per year by Captus Press Inc. with the Accounting Education Centre of the University of Lelhbridge. The Mandate oi this journal is to encourage the development of cases in accounting education, and to facilitate their distribution by making them readily available to faculty and students. Individual subscribers may reproduce, for their own classes, any material published in this journal.
The cost of a subscription is US$60.00 per year for orders outside Canada and Can$60.00 per year for orders inside Canada. Back issues or individual copies, subject to availability, may be purchased for US$30.00 and Cao$30.0Q.G.S.T. applies to Canadian payments, for a total cost of $64.20 and $32.10 respectively. Our G.S.T. # is R100802974.
Mail: Captus Press Inc., York University Campus, 4700 Keele Street, North York, Ontario Canada
M3J 1P3
Tel: (416) 736-5537
Fax: (4(6) 736-5793
ANNOUNCEMENT
CALL FOR PAPERS
ACCOUNTING CASE WRITING COMPETITION
Sponsored by The Accounting Education Resource Centre
and
The Journal of Accounting Case Research of the University of Lethbridge
Cases must be unpublished manuscripts which incorporate accounting topics and related material. Accounting is broadly defined to include financial accounting, managerial accounting, auditing, taxation and related finance topics. All cases submitted for the first time to The Journal of Accounting Case Research during the period between March 2, 1992 and April 30, 1994 will be considered for a prize. Case authors must be prepared to have their cases published in The Journal of Accounting Case Research at the discretion of the editor and the reviewers. Cases should be accompanied by a Teaching Note or Instructors’ Guide which includes an overview of the issues in the case, suggestions for use of the case and a set of guidelines for dealing with the issues raised in the case. An epilogue which indicates what actually happened is also desirable, though not necessary. Cases should be based upon real events or situations although they can disguised. Any case based upon real events that uses proprietary information must have permission from the source of that information. Cases based upon published information only must be certified to be so by their authors. Fictional cases must be so stipulated. While there is no length restriction, most cases should not exceed 30 pages double-spaced, exclusive of teaching notes. Short cases of only a few pages will get equal consideration along with more lengthy ones. The journal strives to provide a balance of short, medium and long cases in each of its issues.
All cases must be received by the Editor, The Journal of Accounting Case Research, Faculty of Management, The University of Lethbridge, 4401 University Drive, Lethbridge, Alberta, T1K 3M4, Canada, before April 30, 1994. All finalists will be notified of their position in writing by June 30, 1994. Prize winners will be announced no later than September 1994. Notification of acceptance for publication in the journal will follow the normal editorial review process which takes about two to three months after receipt of the case.
First Prize will be $6,000 U.S. Second Prize will be $3,000 U.S. Third Prize will be $1,500 U.S. All other finalists will receive $500 U.S. Prizes will only be awarded to cases of suitable quality for publication.
All cases submitted will be considered for publication in The Journal of Accounting Case Research. Authors of cases that are accepted for publication, whether finalists or not, will be notified of the reviewers’ comments and provided the opportunity of amending their cases for publication. All cases published will be subject to normal copy editing by the publisher, Captus Press Inc. At least one of the authors of a case to be published must be a subscriber to the journal, or a submission fee of $60 U.S. will be charged prior to publication. All cases published in the journal are subject to unlimited use in classes of instruction by subscribers of the journal without payment of royalties. The use of cases published by the journal in books and other media will be subject to a nominal royalty to be negotiated with the journal.
ANNOUNCEMENT
ASIA-PACIFIC JOURNAL OF ACCOUNTING
A new journal has been registered in Hong Kong. Its mission is to publish high-quality scholarly papers from all over the world. Papers based on a strong theoretical foundation are encouraged in all fields of accounting. Papers with an Asia-Pacific orientation are especially welcome. The journal will be broad-based and will include theoretical, empirical and historical papers which demonstrate relevance of topic and readability of content. Papers that explore methodological improvements in surveys and case studies also are welcome. All submissions will be subjected to a double-blind process using experienced international referees.
CALL FOR PAPERS
Article length submissions are invited. Traditional presentation criteria are applied. Three copies, typed and double-spaced on standard size paper, with cover sheet identifying author(s) and affiliation(s) should be sent to:
The Editor Asia-Pacific Journal of Accounting
Department of Accountancy
City Polytechnic of Hong Kong
83 Tat Chee Avenue
Kowloon, Hong Kong
Members of the Editorial Board include: Mohammad J. Abdolmohammadi, Joel Amernic, Peter Brownell, Hung Chan, Chee Chow, John K. Courtis (Editor), Bala Dharan, Alan Dunk, Ken Ferris, Ferdinand A. Gul (Assoc. Editor), Paul Healy, Bertrand Honvitz, Yuji Ijiri, Amy Lau, Jevons Lee, Richard Mattessich, Bob Parker, Tony Tinker, Bob Tricker, Benjamin Tai, Ken Trotman, Judy Tsui, Trevor Wilkins, Jilnaught Wong, Anne Wu, and Ian Zimmer.
Annual subscription fee is US$40 for individuals. There is a non-subscribers submission fee of US$35 which may be applied towards the subscription. Two issues are planned each year. The first issue is planned for the latter part of 1994. A Guide to Authors is available on request.
