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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
$1 1.95 430 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

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 54 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 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, 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 Casting,” 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 E. Moseley and Milton F. Usry.

45. “The Development of the Auditor’s Reportin the United States,” by Tonya K. Flesher and Dale L. Flesher.

46. “The Evolution of Accounting in Indonesia,” by Abd. Fawzy Siddik and Herbert L. Jensen.

47. “On the Evolution of Accounting Objectives,” by Robert Bloom.

48. “The Pioneer of Accounts Theory in Japan: An Appraisal of the Methodology of Wasaburo Kimura,” by Yoshiaki Jinnai.

49. “Accounting for Investments in “Common Stock in the United States of America from 1900 to the Present,” by Edward A. Becker.

50. “An Historical Perspective of the Accounting Environment: A General Outline of a Western European and North American Linkage, ” by Stanley C. W. Salvary.

51. “The Nature of Historical Research,” by Owen B. Moseley and Milton F. Usry.

52. “The Ideas of Stuart Chase: Pioneer Social Accountant and Economist,” by Robert Bloom.

53. “The Accounting Review: 1935-39 A Digest, Survey, and Commentary,” by James H. Potts.

54. “An Update and Overview of the German Accounting Profession Post-1973,” by Hans J. Dykxhoorn and Kathleen E. Sinning.

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 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 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.

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 Bookkeeping 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. Pooling 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 Theory,” 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.

35. ” 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 Ri chard 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

ACCOUNTING AND BUSINESS RESEARCH
Number 45 Winter 1986
A research quarterly published by
the Institute of Chartered Accountants
in England and Wales
Editor: R. H. Parker, University of Exeter, England

CONTENTS

Accounting Standards—Boon or Curse? Assessment of Prior Distributions: The
Effect on Required Sample Size in
Bayesian Audit Sampling A Case for Depreciation Accounting in
UK Health Authorities The Impact of Stock Relief on the
Attractiveness of Capital Investment
Opportunities A New Approach to the Levels of
Assurance Issue in Auditing Taxation and Corporate Finance
and Investment An Analysis of the External Audit Fee
Merchandising of Slaves as Portrayed in the 15th Century Ledger of Jachomo Badoer, a Venetian Merchant
The International Harmonisation of National Income Accounts

William T. Baxter Edward Blocher
lrvine Lapsley J. C. Hull
John Y. Lee Graeme Macdonald
Martin E. Taylor and Robert L. Baker E. Peragallo
Richard Stone

Subscriptions — U.K. £18.00; 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 1970-1 977 (£5.00/$12.00) are available from the same address.

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, 571 7 Bessie Drive, Sarasota, Florida 33583.

TABLE OF CONTENTS April, 1982

MAIN ARTICLES

Research in the Auditor’s Opinion Formulation Process:
State of the Art William L. Felix, Jr. and William R. Kinney, Jr.
The Demand for External Auditing: Size, Debt
and Ownership Influences Chee W. Chow
Cash Recovery Rates and Measures of Firm
Profitability Gerald A. Salamon
The Gallerani Account Book of 1305-1308 Christopher W. Nobes
Audit Trail System Support in Advanced Computer-
Based Accounting Systems Ron Weber

NOTES

Qualified Audit Opinions and Auditor
Switching Chee Woo Chow and Steven J. Rice
Public Goods, Common Inputs, and the Efficiency
of Full Cost Allocations Susan I. Cohen and Martin Loeb
Dilution of Earnings per Share in an Option
Pricing Framework Robert L. Vigeland
The Impact of the Choice of Market Index on the Empirical Evalu-ation of Accounting Risk Measures Pieter T. Elgers and Dennis Murray
A Comparison of Estimated and Reported Historical
Cost/Constant Dollar Data Larry M. Walther
Modified Multinomial Bounds for Larger Numbers of Errors in Audits
Robert A. Leitch, John Neter, Robert Plante and Prabhakant Sinha
EDUCATION RESEARCH, L. S. Rosen, Editor
An Evaluation of the Compressed-Course Format for
Instruction in Accounting William C. Howell and L. Todd Johnson
Presenting Information Economics to Students Robert W. Williamson
Cost Accounting in the CPA Examination—Revisited David B. Croll

Announcement

ACCOUNTING AND FINANCE

Journal of the Accounting Association of
Australia and New Zealand
Vol. 21, No. 2 November, 1981
The Nature and Measurement of Cost Savings in Current Value
Accounting Systems Scott Henderson and Graham
Peirson
Determining Cost of Sales in the CCA System Nikhil R.
Das and David J. Fraser
The Measurement of a Firm’s Cost of Capital R. R. Officer
Takeover Defences by Australian Companies Ken Trot-
man
Factors Influencing the Size of Company Budgets for Research
and Development G. H. Burrows
Australian Social Responsibility Disclosure: Some Insights into
Contemporary Measurement Gary J. Kelly
Transfer Pricing in a Depository Financial Intermediary: Proof of a Conjecture for the Case of Normally-Distributed Cash Withdrawals. . . . J. A. Schnabel
Education Notes
Conceptualization of Assets and Liabilities Hugo Num-
berg

Book Reviews

Accounting and Finance is published twice yearly in May and November by the Accounting Association of Australia and New Zealand. The membership fee is $10 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 $1 0 per year. Editorial correspondence should be addressed to Professor R. R. Officer, Editor, Department of Accounting and Finance, Monash University, Clayton, Victoria, 31 68, Australia. Applications for membership should be addressed to The A.A.A.N.Z., c/- Department of Accounting and Finance, Monash University, Clayton, Victoria, 3168, Australia.

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 dereinfachen Buchhaltung gegenüber der italienischen. Dritte, durch die Geschichte der Buchhaltung undderen Unterwendung auf die Landwirtschaft, sowiebezüglich 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: EinBeitrag 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: EenBijdrage 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 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 Théoriedes 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 ederlandsch Economisch Historisch Archif, Achttiende 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 Arithmetic. Reprinted 1977. Glasgow, 1930. viii, 519p. Cloth $39.50

7. NIRRNHEIM, Hans (Bearb.), Das Handlungsbuch Vickos van Geldersen. Hrsg. vom Verein für Hamburgische Geschichte. Neudruck 1977. Hamburg/Leipzig, 1895. 1xxix, 199 S. Ln. $31.50

8. SIEVEKING, Heinrich, Die Casa di S. Giorgio. [Genueser Finanzwesen mit besonderer Berücksichtigung 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 hoogleeraarschap door oud-studenten aangeboden] Reprinted 1977. Woessen, 1934. pp. 246-269. (24p.) Cloth $12.50

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Announcement

Academy membership dues for 1982 are twenty U.S. dollars ($20.00).
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.

THE ACADEMY OF ACCOUNTING HISTORIANS APPLICATION FOR MEMBERSHIP

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