Announcement

Third International Congress of Accounting Historians
The Academy of Accounting Historians
The Accounting History Society
August 16-18th
LONDON 1980

London, 1980 is to be the venue of the Third International Congress of Accounting Historians. The dates will be 16 to 18 August, and the location will be the London Business School, at Sussex Place, Regent’s Park, London NW1 4SA.

The First International Congress of Accounting Historians was held in Brussels in 1970, and the Second Congress in Atlanta, Georgia, in 1976. At both there was a wide spread of nationalities among speakers and participants.

As 1980 will also be the centenary year of The Institute of Chartered Accountants in England and Wales, London is par-ticularly appropriate for the Third Congress.
Congress registration fee is £25. Accommodations are avail¬able at London Business School at cost of £98, inclusive of all meals except special Congress Dinner on August 16. Pro¬gram applications are available from:

Dr. G. A. Lee
Dept. of Industrial Economics
University Park
Nottingham NG7 2RD England

Announcement
NOW AVAILABLE
MONOGRAPH #2 The Academy of Accounting Historians
JOHN RAYMOND WILDMAN (1878-1938)
by
GARY JOHN PREVITS RICHARD F. TAYLOR
Paperback, 84 pages $7.50
Box 658, University Plaza Atlanta, Georgia 30303
THE ACADEMY OF ACCOUNTING HISTORIANS APPLICATION FOR MEMBERSHIP
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Organization Street Address
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Accounting History Areas of Interest
Our fiscal year ends December 31.
Annual Dues and Subscription to
Accounting Historians Journal 1-year $15.00
Contribution to Support Research or 3rd Congress
Total enclosed $
Make checks payable to: THE ACADEMY OF ACCOUNTING HISTORIANS
Mail to: The Academy of Accounting Historians Box 658, University Plaza Atlanta, Georgia 30303

Announcement*

Professor Ashton Bishop, of Virginia Commonwealth University, Richmond, is Editor of The Academy’s working paper series.
The series currently includes 40 titles (see list) and represents an effective means of circulating preliminary research or topics for critique by others qualified and inter¬ested in doing so. Manuscripts for the series, and questions relating to format should be submitted to Professor Bishop, School of Business, Virginia Commonwealth Uni¬versity, Richmond, Va. 23284.

The manuscript submitted should be in conformity with the format rules described in the April, 1973 Accounting Review, with all footnotes at the end in a listing. Material should be submitted in a final form suitable for clean reproduction. Manu¬scripts from eight to thirty pages in length are deemed most appropriate for this series. Copies of the working papers are provided free upon request to members. There is a service cost price o£ $2.00 per copy to non-members.

21. Early Greek Accounting on Estates (Fourth 32. The Historical Development of Standard
Century B.C.), by George J. Costouros. Costing Systems Until 1920, by Nathan

22. The Traditional Accounting Systems in the Kranowski, Radford College.
Oriental Countries — Korea, China, Japan, 33. The CPA’s Professional Heritage, Part IV,
by Jong Hyeon Hull. “The Birth of the SEC”, by John L. Carey.

23. The Evolution of Ethical Codes in Account- 34. The Evolution of Accounting Theory in
ing, by J. C. Lambert and S. J. Lambert. Europe from 1900 to the Present Day and

24. The Oldest Book on Double Entry Book- its implications on industrial management
keeping in Germany, Kiyoshi Inoue. of tomorrow, by Paul Weilenmann.

25. An Annotated Bibliography for Historical 35. Sombart on Accounting History, by Kenneth
Research in Cost Accounting, by Edwin Bar- S. Most, Florida International University,
tenstein. 36. A Most Unforgetable Accounting Historian:

26. The Role of Academic Accounting Research: Frederic G. Gamble, by Paul Garner and
An Historical Perspective, Eric Flamholtz. Reza Espahbodi, University of Alabama.

27. The Structure of Scientific Revolutions and 37. Historical Overview of Developments in
its Implications for the Development of Ac- Cost and Managerial Accounting, by M.
counting Policy, by Diana Flamholtz. Zafar Iqbal, California Polytechnic State

28. Development of Accounting in Hungary University.
from 1945, by R. L. Scholcz, President 38. Comments on Accounting Disclosures in
Hungarian Association of Auditors. the Baltimore & Ohio annual reports from

29. Historic Origins of the Purchase vs. Pooling 1828 through 1850 by Richard Vanger-
of Interests Problem, by Wesley T. Andrews. meersch, University of Rhode Island.

30. Current Efforts to Develop a Conceptual 39. A Contemporary Review o{ the Evolution
Framework for Financial Accounting and of Value Concepts (1500-1930), by J. W.
Reporting, by William G. Shenkir. Martin.

31. Influence of Nineteenth and Early Twen- 40. Tracing the development of a Conceptual
tieth Century Railroad Accounting on De- Framework of Accounting — A Western
velopment of Modern Accounting Theory, European and North American Linkage: a
by James L. Boockholdt, University of partial examination, by Stanley C W. Sal-
Houston, vary, Concordia University.

*See Accompanying Announcement in this issue regarding the working paper monograph
containing papers 1-20.

WORKING PAPER MONOGRAPH NO. 2, to include WP 21-40 will be available soon. Watch for details or contact the editor of the series.

Announcement

ACCOUNTING AND BUSINESS RESEARCH
Number 35 Summer 1979
A research quarterly published by
the Institute of Chartered Accountants
in England and Wales
Editor: R. H. Parker, University of Exeter

CONTENTS Editorial

Narrative Disclosures Contained in Financial Reports: Means of Communication or Manipulation?
Sandilands and the Logic of Current Cost
On the Use of the Accounting Rate of Return in Empirical Research
Oldcastle, Peele and Mellis: a Case of Plagiarism in the Sixteenth Century
A Critique of the Richardson Report
The Matching Concept and Cost Allocation
Book Reviews
Notes on Contributors

Arthur Harris Adelberg
Harold C. Edey Geoffrey Whittington B. S. Yamey
David M. Emanuel Shu S. Liao

Subscriptions should be sent to City House, 56-66 Goswell Road, London EC1M 7AB, England. Subscription rates are: U.K. £12, Overseas £15 (U.S. $29), Airmail Overseas £18 (U.S. $35).

Announcement
A HISTORY OF ACCOUNTING IN AMERICA An Historical Interpretation of the Cultural Significance of Accounting
Gary John Previts, C.P.A., Case Western Reserve University, & Barbara Dubis Merino, New York University
This unique book describes the growth of professional accounting in America as a developing, vital discipline. Initially descriptive, the book becomes in¬creasingly analytical in examining the issues and influences that have marked the dynamic environment of the past fifty years. Nine chapters consider the social, political, economic, and personal elements of each generation—from Puritan to modern times. Covering the development of accounting theory, education, ethics, and practices, this book gives you an unparalleled over¬view of the growth of American accounting.
(0 471 05172-1) July, 1979 378 pp. $17.95
Ronald Press
P.O. Box 092 Somerset, N.J. 08873
NOTABLE CONTRIBUTIONS TO ACCOUNTING LITERATURE AWARD
Members of the American Accounting Association are invited to suggest works for nomination for the AICPA Notable Contri-butions to Accounting Literature Award. These nominations are restricted to articles published in either regular or irregu¬lar periodicals during the calendar year ending December 31, 1979 and books or irregular publications published during the five year calendar years then ending.
The latest date for receiving nominations is February 15, 1980. Please address your suggestions to: Dr. D. Larry Crumbley, AAA Committee to Nominate Outstanding Contri¬butions to Accounting Literature, Department of Accounting, Texas A&M University, College Station, Texas, 77843.

THE ACADEMY OF ACCOUNTING HISTORIANS
WORKING PAPERS 1-20 VOLUME 1
There is now available a single, 368 page, bound volume of the first 20 working papers to be published by The Academy of Accounting Historians. This 6″ x 9″ book includes the following: 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 Accounting,” 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 1, 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
Relations 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 Be-
havior 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. Johnson.
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.
Cost: $5 to members of The Academy of Accounting Historians $7.50 to non-members ORDER FROM: Ashton Bishop
Department of Accounting
School of Business
Virginia Commonwealth University
Richmond, VA 23284 USA Make Checks Payable to: THE ACADEMY OF ACCOUNTING HISTORIANS

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 Ac¬
countancy. Brooklyn 1930. Reprinted 1974. 288p.
Cloth $25.00
4. JÄGER, Ernst Ludwig, Die altesten Banken und
der 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 Ac¬
countants 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 Neder-
landen. 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 Ab-
stracts 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 Buch¬
haltung: Ein Leitfaden. Brünn 1919. Neudruck 1975.
40 S. Ln. $12.50
6. SIEVEKING, Heinrich, Aus venetianische Hand-
lungsbüchern: Ein Beitrag zur Geschichte des Gross-
handels im 15. Jahrhundert. [Jahrbuch für Gesetzge-
bung, 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 Formen
der Buchhaltung: Von ihren Anfangen bis zur Ge-
genwart. 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 Boek-
houden tot Bedrijfsleer, een Bundel opstellen ter
Gelegenheid van zijn Vijfentwintig Jorig hoogleera-
arschap door oud-studenten aangeboden] Reprinted
1977. Woessen, 1934. pp. 246-269. (24p.)
Cloth $12.50

Please send your orders to:
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• Telephone

Telex (lnternational) J64984 NIHONSHO • Cables (International) BESTSELLERS SUITA

Announcement

Reprinted and Now Available

THE ACADEMY OF ACCOUNTING HISTORIANS

Monograph # 1

A Reference Chronology or Events Significant to the Development
of Accountancy in the United States
by Knight, Previts & Ratcliffe
paperback — 102 pp. $5.00
Order from: The Academy of Accounting Historians
Box 658
University Plaza
Atlanta, Georgia 30303

A History of ACCOUNTING THOUGHT

by Michael Chatfield
This book is recognized, by scholars and librarians, as a standard reference work on accounting history.
The original edition has now been biblio-graphically updated in each chapter and is again available for business school majors, accounting specialists, economists and history majors.
Orig. ed. 1974 320 pp.
Revised ed. 1977
Hard Cover $16.50
Paperback $9.50
KRIEGER Publishing Co., Inc. 645 N.Y. Ave., Huntington, N.Y. 11743

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
$6.50 430 pp. paperback edition. November, 1976.
ISBN 0-8173-8900-8
Volume 2 James Don Edwards, History of Public Accounting in the United States
$7.50 368 pp. paperback edition. August, 1978. ORDER NOW
The University of Alabama Press
Box 2877 University, Alabama 35486

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 Associa¬tion 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 APRIL, 1980

MAIN ARTICLES

The Debt Equivalence of Leases: An Empirical Investigation
Robert G. Bowman
Should Replacement-Cost Changes Be Included in Income?
Richard A. Samuelson
The Use of the Generalized Shapley Allocation in Joint
Cost Allocation Susan S. Hamlen, William A. Hamlen, Jr. and John Tschirhart
The Possibility of Partial Accounting Standards
Michael Bromwich
NOTES
A Note on the Optimal Tax Lives for Assets Qualifying for the Investment Tax Credit Jerome S. Osteryoung, Daniel E. McCarty and Karen Fortin
EDUCATION RESEARCH, L S. Rosen, Editor
The Independent Auditor’s Civil Liability—An Overview
Joseph J. Schultz, Jr. and Kurt Pany

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% x 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 should reappear on the first page of the manuscript but the author should not be identified.

Tables and figures should be numbered, titled and presented in reproducable 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. Impor¬tant textual materials may be presented in both the original language together with the English translation.

Footnote numbers must be referenced within the article in sequence. 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 number of the Journal for examples.

Proofs. 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.

Abstract. An abstract of the article will precede the printed article, and should be submitted with all manuscripts. Abstract should not exceed 100 words.

Reprints. Authors may order reprints with covers of their articles 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:

Professor Edward N. Coffman School of Business Virginia Commonwealth University Richmond, Virginia 23284