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A CCOUNTING RE VIEW

Quarterly Journal of the AMERICAN ACCOUNTING ASSOCIATION

MAIN ARTICLES The Methodology of Positive Accounting

Charles Christenson Accounting Information in Private Markets. Evidence from Private Lending Agreements

Richard Leftwich Robert Hamilton's Contribution to Accounting

Michael J. Mepham An Examination of the Linear and Retrospective Process Tracing Approaches to Judgment Modeling

David F. Larcker and V. Parker Lessig "Representativeness" in Judgmental Predictions of Corporate Bankruptc

W. Bruce Johnson Development of the Compound Entry in the 15th Century Ledger of Jachomo Badoer, A Venetian Merchant

Edward Peragallo

NOTES A Note on Cash Flow and Classification Patterns of Financial Ratios

Michael J. Gombola and J. Edward Ketz The Effects of Outliers on the Cross-Sectional Distributional Properties of Financial Ratios

Thomas J. Frecka and William S. Hopwood

JANUARY 1983

Authors of other articles in this issue: Keith R. Howe, Bruce A. Baldwin, Rene P. Manes



AMERICAN ACCOUNTING ASSOCIATION

The American Accounting Association was founded in 1916 as the American As- sociation of University Instructors in Accounting. Its present name was adopted in 1936. The Association is a voluntary organization of persons interested in accounting education and research. Full membership entitles one to receive The Accounting Review and Accounting Education News and to purchase Association publications at a discount. Associate members, limited to full-time students enrolled in institutions of higher education, receive the same publications and benefits.

The members of the 1982-83 Executive Committee of the Association are as follows:

President Yuji Ijiri, Carnegie-Mellon University President-Elect Harold Q. Langenderfer, University of

North Carolina at Chapel Hill Vice President Robert K. Elliott, Peat, Marwick, Mitchell

& Co. Vice President Ray M. Sommerfeld, The University of Texas

at Austin Editor of The Gary L. Sundemn, University of Washington

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Manuscripts to be submitted to The Accounting Review should be sent to the appropriate address shown at the end of the Table of Contents in this issue.



A CCOUNTING REVWE W

Quarterly Journal of the

American Accounting Association

Editor STEPHEN A. ZEFF

Rice University

Associate Editors

GEORGE FOSTER Stanford University

ROBERT J. SWIERINGA Cornell University

WILLIAM R. KINNEY, JR. The University of Iowa

DANIEL W. COLLINS The University of Iowa

VOL. LVIII JANUARY 1983 No. 1

Contents

MAIN ARTICLES

The Methodology of Positive Accounting .................... CHARLES CHRISTENSON 1

Accounting Information in Private Markets: Evidence from Private Lending Agreements............................................ RICHARD LEFTWICII 23

Robert Hamilton's Contribution to Accounting .............. . MICHAEL J. MEPIIAM 43

An Examination of the Linear and Retrospective Process Tracing Approaches to Judgment Modeling. DAVID F. LARCKER AND V. PARKER LESSIG 58

"Representativeness" in Judgmental Predictions of Corporate Bankruptcy. ................................. .........................W. BRUCE JohNSON 78

Development of the Compound Entry in the 15th Century Ledger of Jachomo Badoer, A Venetian Merchant ........................... EDWARD PERAGALLO 98

NOTES

A Note on Cash Flow and Classification Patterns of Financial Ratios................ ...................................MICHAEL J. GOMBOLA AND J. EDWARD KETZ 105

The Effects of Outliers on the Cross-Sectional Distributional Properties of Financial Ratios ........ THOMAS J. FRECKA AND WILLIAM S. HOPWOOD 115

EDITORIAL.N...... A. ZEFF 129

Contents continued on Overleaf



Departments

EDUCATION RESEARCH, L. S. ROSEN, Editor

The Effects of Evaluative Sequencing on Performance, Behavior, and Attitudes....... ..................... ...............KEITH R. HOWE AND BRUCE A. BALDWIN 135

Demand Elasticities: Supplements to Sales Budget Variance Reports ... ............................................................RENE P. MANES 143

MANUSCRIPTS ACCEPTED FOR FUTURE PUBLICATION................. 157

AMERICAN ACCOUNTING ASSOCIATION Committees 1982-83. 158

BOOK REVIEWS, PHILIP E. MEYER, Editor

Ameiss and Kargas, Accountant's Desk Handbook, Second Edition............... ............................... ....................... RONALD J. THACKER 169

Arkin, Sampling Methods for the Auditor. An Advanced Treatment ... . LESLIE L. SPERO 170

Arnold and Diamond, The Market for Compilation, Review, and Audit Services........ ............ . ......... ................ G. WILLIAM GLEZEN 171

Ashton, The Use and Extent of Replacement Value Accounting in the Netherlands.. ........................................................LEE H. RADEBAUG1H 172

Bawly, The Subterranean Economy ........................... DONALD H. SKADDEN 174 Beams, Advanced Accounting, Second Edition . SUE N. HINRICI{S 175 Beedle, Accounting for Local Government in Canada: The State of the Art.............

. .................................. ALLAN R. DREBIN 175 Bernstein and Engler, Advanced Accounting .................. RICHARD F. KOCHANEK 177 Boland, Cases in Accounting Policy and Practice .............. JOSEPH G. SAN MIGUEL 178 Braiotta, The Audit Director's Guide: How to Serve Effectively on the Corporate Audit

Committees...................................... .......JAME S DON EDWARDS 179 Bromwich and Hopwood, Editors, Essays in British Accounting Research.............

........................ EUGENE E. COMISKEY 180 Chambers, Computer Auditing ... ...................... FREDERICK L. NEUMANN 181 Chenhall, Harrison, and Watson, Editors, The Organizational Context of Management

Accounting ............................................ WAYNE E. LEININGER 182 Cushing, Accounting Information Systems and Business Organizations, Third Edition....

....................................................... GROVER L. PORTER 182 Davidson, Stickney, and Weil, Financial Accounting: An Introduction to Concepts, Meth-

ods, and Uses, Third Edition ........................ . DONALD F. ARNOLD, SR. 183 Drebin, Advanced Accounting, Fifth Edition . . RANDOLPH S. COYNER 184 Drebin, Chan, and Ferguson, Objectives of Accounting and Financial Reporting for

Governmental Units: A Research Studv' Volumes I and II .... . EDWARD S. LYNN 185 Dykeman, Forensic Accounting: The Accountant as Expert Witness..................

................................................... CHARLES T. HORNGREN 187 Fess and Warren, Financial Accounting ........................ RALPH W. FREY, III 188 Fischer, Taylor, and Leer, Advanced Accounting, Second Edition.... RICHARD L. CROSS 189 Fogler and Ganapathy, Financial Econometrics for Researchers in Finance and Accounting

..............................................SIIYAM SUNDER 190 Frishkoff, Financial Reporting and Changing Prices: A Review of Empirical Research....

.. ........ .... ..............................WILLIAM D. NICHOLS 190 Garrison, Managerial Accounting, Third Edition .STEPHEN A. MOSCOVE 191 Geist, Editor, State Audit: Developments in Public Accountability. E. BARRY RICE 192



Gray and Ricketts, Cost and Managerial Accounting ..... . . . . . . . ROBERT E. MALCOM 192 Haried, Imdieke, and Smith, Advanced Accounting, Second Edition........

..................................................... WILLIAM H. PARROTT 193 Hooper and Page, Introduction to Financial Accounting...........DAVID R. CAMPBELL 194 Hughes, Goodwill in Accounting: A History of the Issues and Problems...............

................................................ ...............................ARNOLD J. PAIILER 195 Innes, Lee, and Mitchell, Editors, Cases in Auditing Practice, Third Edition...........

............................................. .........................HOWARD F. STETTLER 196 Keane, The Efficient Market Hypothesis and the Implications for Financial Reporting....

.................................. ........................... ! THOMAS A. BUCCHMAN 197 Lau and Nelson, Accounting Implications of Collective Brqaininr .... JosEPh R. RAZEK 198 Lee, Editor, Developments in Financial Reporting .............. KIRKLAND A. WILCOX 198 Louderback and Dominiak, Managerial Accounting, Third Edition.. RODNEY J. REDDING 199 McCullers and Schroeder, Accounting Theory: Text and Readings, Second Edition.....

...................................................... PHYLLIS A.WEBSTER 200 McRae, A Study of the Application of Statistical Sampling to External Auditing........

................................................... ANDREW D. BAILEY, JR. 201 Miller, Responsibility, Accounting and Performance Evaluations... . HADLEY P. SCHAEFER 202 Miller, Searfoss, and Smith, Intermediate Accounting ............ MELVIN T. MCCLURE 202 Most and Lewis, Cost Accounting .............................. JAMES M. FREMGEN 203 Newman, Accounting Estimates by Computer Sampling, Second Edition. . BART H. WARD 204 Phin, Accounting for Real Estate Development.............. . ALAN R. CERF 205 Ricchiute, Auditing Concepts and Standards ....... . . . . . . . . . DELMER P. HYLTON 206 Sathe, Controller Involvement in Management. HENRY C. NAIMAN 206 Shillinglaw, Managerial Cost Accounting, Fifth Edition.... CLAUDE S. COLANTONI 207 Stettler, Auditing Principles: A Systems-Based Approach, Fifth Edition. . . PHILIP E. FESS 208 Westwick, Do The Figures Make Sense. A Practical Guide to Analytic Review.........

...............................................................................CARL S. WARREN 208 Wilson, Inflation, Deflation, Reflation. Management and Accounting in Economic Uncer-

tainty .. HAROLD BIERMAN, JR. 209 List of Books Received ............... 211

THE ACCOUNTING REVIEW is published quarterly by the American Accounting Association-January, April, July and October: printed by George Banta Company, Inc., Menasha, Wisconsin. Subscription price is $25.00 a year. Member- ship in the Association, open to individuals, is $25.00 a year which includes a subscription to THE ACCOUNTING REVIEW.

Second class postage paid at Sarasota, Florida and at additional mailing offices. Copyright (D American Accounting Association. All rights reserved. Printed in the United States of America. ISSN 0001-4826.

Editorial correspondence and manuscripts dealing with general accounting topics should be sent to Professor Gary L. Sundem, School of Business Administration, University of Washington, DJ-10, Seattle, WA 98195. Manuscripts dealing with education research and professorial development should be sent to Professor L. S. Rosen, York University, 47 Mogul Drive, Willowdale, Ontario M2H 2M8, Canada. Manuscripts for the Financial Reporting section should be sent to Professor Clyde P. Stickney, Amos Tuck School of Business Administration, Dartmouth College, Hanover, NH 03755. Books for review should be sent to Professor Philip E. Meyer, School of Management, Boston University, 704 Commonwealth Avenue, Boston, MA 02215. Request for reprint permission, subscriptions, advertisements and dues should be sent to Mr. Paul Gerhardt, American Accounting Association, 5717 Bessie Drive, Sarasota, FL 33583. Notice of change of address should be mailed at least eight weeks in advance to ensure undelayed receipt of THE ACCOUNTING REVIEW.



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American Accounting Association (1977), Committee on Concepts and Standards for External Financial Reports, Statement on Accounting Theory and Theory Acceptance (AAA, 1977)

Dickinson, J. P., ed. (1974), Risk and Uncertainty in Accounting and Finance (Saxon House, 1974). Revsine, L. (1970a), "Data Expansion and Conceptual Structure," THE ACCOUNTING REVIEW (October 1970), pp.

704-11. (1970b), "Change in Budget Pressure and Its Impact on Supervisor Behavior," Journal ofAccounting Research

(Autumn 1970), pp. 90-92.



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COMMENTS

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EDITORIAL STAFF OF THE ACCOUNTING REVIEW (1981-1982)

EDITOR

STEPHEN A. ZEFF, RIcE UNIVERSITY

ASSOCIATE EDITORS

GEORGE J. FOSTER, Stanford University ROBERT J. SWIERINGA, Cornell University

WILLIAM R. KINNEY, JR., The University of Iowa DANIEL W. COLLINS, The University of Iowa

DEPARTMENTAL EDITORS

Book Reviews: PHILIP E. MEYER, Boston University Financial Reporting: LEE J. SEIDLER, New York University Education Research: L. S. ROSEN, York University

Copy and Production: JANET G. NU&EZ

EDITORIAL CONSULTANTS

ROBERT H. ASUlTON, New York University EUGENE E. COMISKEY, Georgia Institute of Technology ROBERT E. JENSEN, Trinity University

ROBERT S. KAPLAN, Carnegie-Mellon University JOSEPH G. SAN MIGUEL, Harvard University

EDITORIAL BOARD

Main Articles and Education Research

W. STEVE ALBRECHT, Brigham Young University JOEL AMERNIC, University of Toronto THOMAS N. ANDERSON, JR., Virginia Commonwealth

University SIMON ARCHER, University of Lancaster ANTHONY A. ATKINSON, Carleton University BALA V. BALACHANDRAN, Northwestern University MARTIN L. BARIFF, Case Western Reserve University MICHAEL J. BARRETT, University of Illinois at Chicago

Circle GARY C. BIDDLE, University of Chicago STANLEY F. BIGGS, University of Wisconsin-Madison ROBERT G. BOWMAN, University of Oregon LAWRENCE D. BROWN, State University of New York at

Buffalo JAMES H. BULLOCK, New Mexico State University JOHN BUTTERWORTH, The University of British Columbia G. R. CHIESLEY, Dalhousie University PAUL DANOS, The University of Michigan DAN S. DHALIWAL, The University of Arizona ROLAND E. DUKES, University of Washington LOWELL DWORIN, The University of Texas at Austin PIETER T. ELGERS, University of Massachusetts at

Amherst KENNETH R. FERRIS, Southern Methodist University ROBERT N. FREEMAN, University of California, Berkeley LAURENCE A. FRIEDMAN, University of Kansas LAWRENCE A. GORDON, University of Maryland PAUL A. GRIFFIN, University of California, Davis ROBERT L. GRINAKER, University of Houston HUGH D. GROVE, University of Denver ROBERT HALPERIN, University of Pennsylvania LAWRENCE H. HAMMER, Oklahoma State University DON R. HANSEN, Oklahoma State University DAVID C. HAYES, The University of British Columbia JOHNNY R. JOHNSON, The University of Georgia W. BRUCE JOHNSON, Northwestern University EDWARD J. JOYCE, University of Minnesota SONG K. KIM, University of Illinois at Urbana-

Champaign

SANDRA S. KRAMER, University of Florida JACK L. KROGSTAD, Creighton University DAVID F. LARCKER, Northwestern University RICHARD LEFTWICH, University of Chicago ROBERT G. MAY, The University of Texas at Austin GARY K. MEEK, Oklahoma State University KENNETH A. MERCHANT, Harvard University KEVIN M. MISIEWICZ, University of Notre Dame ROSANNE M. MOHR, Michigan State University SHANE MORIARITY, The University of Oklahoma R. D. NAIR, University of Wisconsin-Madison ALFRED J. NANNI, JR., The Pennsylvania State University FREDERICK L. NEUMANN, University of Illinois at

Urbana-Champaign ERIC NOREEN, University of Washington JAMES M. PATTON, University of Pittsburgh STEPHEN H. PENMAN, University of California, Berkeley DONALD M. ROBERTS, University of Illinois at

Urbana-Champaign GERALD L. SALAMON, University of Iowa KATHERINE SCHIPPER, Carnegie-Mellon University JOSEPH J. SCHULTZ, JR., University of Illinois at

Urbana-Champaign ROBERT E. SEILER, University of Houston FRANK H. SELTO, University of Denver MICHAEL D. SHIELDS, University of North Carolina

at Chapel Hill DAN A. SIMUNIC, The University of British Columbia DOUG SNOWBALL, University of Florida RAY G. STEPHENS, The Ohio State University CLYDE P. STICKNEY, Dartmouth College WILFRED C. UECKER, University of Iowa ROBERT E. VERRECCHIA, University of Chicago RICHARD P. WEBER, Arthur Young & Company,

Chicago RON WEBER, University of Queensland GEOFFREY WHITTINGTON, University of Bristol MARK A. WOLFSON, Stanford University F. K. WRIGHT, University of Melbourne



EDITORIAL STAFF OF THE ACCOUNTING REVIEW (1982-1983)

EDITOR

GARY L. SUNDEM, University of Washington

ASSOCIATE EDITORS

DANIEL W. COLLINS, The University of Iowa JAMES JIAMBALVO, University of Washington

WILLIAM R. KINNEY, JR., The University of Iowa ERIC W. NOREEN, University of Washington

ROBERT J. SWIERINGA, Cornell University

DEPARTMENTAL EDITORS

Book Reviews: PHILIP E. MEYER, Boston University Financial Reporting: CLYDE P. STICKNEY, Dartmouth College Education Research: L. S. ROSEN, York University

Copy and Production: JANET G. NU&EZ

EDITORIAL BOARD

Main Articles and Education Research

THOMAS N. ANDERSON, JR., Virginia Commonwealth University

SIMON ARCHER, University of Lancaster C. EDWARD ARRINGTON, Florida State University ANTHONY A. ATKINSON, Dalhousie University STANLEY BAIMAN, University of Pittsburgh PAUL J. BECK, University of California at Los Angeles GARY C. BIDDLE, University of Chicago STANLEY F. BIGGS, University of Wisconsin-Madison RICHARD BOLAND, University of Illinois at Urbana-

Champaign ROBERT G. BOWMAN, University of Oregon MICHAEL BROMWICH, University of Reading LAWRENCE D. BROWN, State University of New York at

Buffalo PETER BROWNELL, Massachusetts Institute of Technology MURRAY J. BRYANT, University of Toronto ANDREW A. CHRISTIE, University of Rochester MICHAEL A. CROSBY, Purdue University LINDA DEANGELO, University of Rochester DAN S. DHALIWAL, The University of Arizona JESSE F. DILLARD, The Ohio State University PIETER T. ELGERS, University of Massachusetts at

Amherst KENNETH R. FERRIS, Southern Methodist University LAURENCE A. FRIEDMAN, University of Kansas MICHAEL GIBBINS, University of British Columbia PAUL A. GRIFFIN, University of California, Davis RICHARD A. GRIMLUND, The University of Iowa HUGH D. GROVE, University of Denver ROBERT HALPERIN, University of Pennsylvania SUSAN S. HAMLEN, State University of New York at

Buffalo LAWRENCE H. HAMMER, Oklahoma State University DON R. HANSEN, Oklahoma State University PHILIP J. HARMELINK, University of New Orleans RONALD W. HILTON. Cornell University ROBERT W. HOLTHAUSEN, University of Chicago

ROBERT E. HOSKIN, Duke University ROBERT W. INGRAM, The University of Iowa V. BRUCE IRVINE, University of Saskatchewan H. THOMAS JOHNSON, University of Puget Sound JOHNNY R. JOHNSON, The University of Georgia SANDRA S. KRAMER, University of Florida DAVID F. LARCKER, Northwestern University RICHARD LEFTWICH, University of Chicago BARRY L. LEWIS. University of Pittsburgh JAMES G. MANEGOLD, University of California at

Los Angeles PATRICIA MCCONNELL, New York University GARY K. MEEK, Oklahoma State University KENNETH A. MERCHANT, Harvard University ROSANNE M. MOHR, Michigan State University R. D. NAIR, University of Wisconsin-Madison ALFRED J. NANNI. JR., The Pennsylvania State University FREDERICK L. NEUMANN, University of Illinois at

Urbana-Champaign JAMES M. PATTON, University of Pittsburgh STEPHEN H. PENMAN, University of California, Berkeley WILLIAM E. RICKS, Duke University DONALD M. ROBERTS, University of Illinois at Urbana-

Champaign GERALD L. SALAMON, The University of Iowa JOSEPH J. SCHULTZ, JR., University of Illinois at Urbana-

Champaign ROBERT E. SEILER, University of Houston FRANK H. SELTO, University of Denver JAMES SEPE, University of Santa Clara MICHAEL D. SHIELDS, University of Arizona DAN A. SIMUNIC, University of British Columbia ABBIE J. SMITH, University of Chicago DOUG SNOWBALL, University of Florida RAY G. STEPHENS, The Ohio State University DAVID J. H. WATSON, University of Queensland F. K. WRIGHT, University of Melbourne



MANUSCRIPTS ACCEPTED FOR

FUTURE PUBLICATION

(Accepted between June 10 and August 10, 1982)

Main Articles

Dale Morse and Neal Ushman, "The Effect of Information Announcements on the Market Microstructure"

Yaw M. Mensah, "The Incremental Bankruptcy Prediction Value of Specific Price-Level Ad- justments: Some Empirical Evidence"

A. Rashad Abdel-khalik, Doug Snowball, and John Wragge, "EDP Applications in Internal Control Systems and the Planning of Audit Programs: Two Experiments"

Notes

Benzion Barlev, "Contingent Equity and the Dilutive Effect on EPS"

Gary K. Meek, "U.S. Securities Market Re- sponses to the Various Earnings Disclosures of Non-U.S. Multinational Companies"

Manuscripts are listed in each category in the order in which they were accepted.

157



THE ACCOUNTING REVIEW Vol. LVIII, No. 1 January 1983

American Accounting Association

Committees 1982-83

ACCOUNTING EDUCATOR AWARD COMMITTEE Charge: To select one, two or at most three recipients for the Outstanding Educator Award using the criteria approved

by the Executive Committee.

Chairman: Professor Robert L. Virgil, Graduate School of Business Administration, Washington University, St. Louis, MO 63130, (314) 889-6344

Members: Professor Terry L. Campbell, College of Business Administration, University of Central Florida, Orlando, FL 32807

Professor William Markell, College of Business and Economics, University of Delaware, Newark, DE 19711

Professor Daniel Pearl, Department of Accounting, College of Business Administration, University of

New Orleans, New Orleans, LA 70122 Professor Russell J. Petersen, College of Business Ad-

ministration, 528 Phillips Hall, University of Iowa, Iowa City, IA 52242

Professor George Sorter, Graduate School of Business Administration, 300 Tisch Hall, New York University, 40 West 4th Street, New York, NY 10006

Professor Roman L. Weil, Graduate School of Business, University of Chicago, 1 101 East 58th Street, Chicago, IL 60637

Budget: $3,000

ACCREDITATION COMMITTEE Charge: 1. To work with the appropriate committee of the AACSB in regard to their activities in developing an

accreditation program, helping to define ways by which the relevant experience requirement can be met and to offer suggestions for achieving flexibility in applying accreditation standards to programs which possess strong academic qualifications.

2. To serve as a liaison with the AACSB in helping qualified academics to serve on accreditation teams. 3. To advise and made recommendations to the Executive Committee as appropriate regarding the progress of

accreditation activities. 4. To consider and recommend, if necessary, activities which the AAA should undertake to assist its members in

complying with AACSB accounting-accreditation requirements.

Chairman: Dean Thomas F. Keller, Fuqua School of Business, Duke University, Durham, NC 27706, (919) 684-2495

Members: Professor Clarence G. Avery, Department of Accounting, College of Business Administration, P. O. Box 25000, University of Central Florida, Orlando, FL 32807

Professor Robert K. Jaedicke, Graduate School of Business, Stanford University, Stanford, CA 94305

Professor K. Fred Skousen, Institute of Professional Accountancy, 350 J.K.B., Brigham Young University, Provo, UT 84601

Professor Harold M. Sollenberger, College of Business- Eppley Center, Graduate School of Business Adminis- tration, Michigan State University, East Lansing, MI 48823

Budget: $2,600

AUDITING STANDARDS COMMITTEE Charge: 1. To initiate proposals to the AICPA dealing with matters relevant to that body, including potential agenda

items and suggested research efforts on proposed or existing topics and statements. 2. To evaluate selected discussion and exposure drafts of proposed statements on Auditing Standards and submit

these evaluations to the AICPA Auditing Standards Board. 3. To consider means by which Association members might be encouraged to contribute to the standard setting

process and advise the Executive Committee, if appropriate, of any activities it believes would contribute substantively to this objective.

4. To encourage the AICPA to include qualified and interested academics on their task forces and to assist the AICPA in locating individuals willing to serve.

5. To provide research support to the AICPA Auditing Standards Division upon request of the officers of that Division.

6. To interact with the Institute of Internal Auditors in connection with statements of standards for the professional practice of internal auditing.

158



Committees 1982-83 159

Chairman: Professor Wanda A. Wallace, Edwin L. Cox School of Business, Southern Methodist University, Dallas, TX 75275

Members: Professor William L. Felix, Jr., Department of Accounting, School of Business Administration, University of Washington, Seattle, WA 98105

Mr. Dan M. Guy (Liaison), American Institute of CPAs, 1211 Avenue of the Americas, New York, NY 10036

Professor William A. Hillison, College of Business,

Florida State University, Tallahassee, FL 32306 Professor James C. Noel, Graduate School of Industrial

Administration, Carnegie-Mellon University, Pitts- burgh, PA 15213

Mr. Richard White (Liaison), Institute of Internal Auditors, 249 Maitland Avenue, Altamonte Springs, FL 32701

Budget: $4,000

BY-LAWS COMMITTEE Charge: To advise the Executive Committee on changes in the By-Laws of the Association.

Chairman: Professor Floyd W. Windal, School of Ac- counting, University of Georgia, Athens, GA 30602, (404) 542-1616

Members: Professor Jacob G. Birnberg, Graduate School of Business, University of Pittsburgh, Pitts-

burgh, PA 15260 Professor Donald E. Kieso (ex officio), Department of

Accountancy, Northern Illinois University, DeKalb, IL 60115

Budget: -0-

CARTER SCHOLARSHIP COMMITTEE Charge: 1. To develop a plan to collect and evaluate applications for the Carter funded student scholarships. 2. To recommend amounts of stipends. 3. To rank applications and to transmit the ranking to the Trustees of the fund.

Chairman: Professor John R. Cerepak, Department of Accounting, Fairleigh Dickinson University, Teaneck, NJ 07666, (201) 692-2164

Members: Professor Spencer J. Martin, Department of Accounting, College of Business Administration,

University of Rhode Island, Kingston, RI 02881 Professor Charles J. Pineno, Department of Accounting,

Clarion State College, Clarion, PA 16214 Budget: Netted against Grant

COMPETITIVE MANUSCRIPT AWARD COMMITTEE Charge: To select recipients) of the Competitive Manuscript Award.

Chairman: Professor Robert P. Magee, Department of Accounting and Information Systems, Graduate School of Management, Northwestern University, Evanston, IL 60201

Members. Professor George J. Foster, Graduate School of Business, Stanford University, Stanford, CA 94305

Professor William R. Kinney, Jr., College of Business Administration, University of Iowa, Iowa City, IA 52242

Professor Robert A. Leitch, School of Accounting, University of Georgia, Athens,' GA 30602

Professor Robert Libby, Graduate School of Business Administration, University of Michigan, Ann Arbor, MI 48104

Professor Robert E. Verrecchia, Graduate School of Business, University of Chicago, 1101 East 58th Street, Chicago, IL 60637

Budget: $1,500

COMPUTER TECHNOLOGY RESEARCH COMMITTEE Charge: 1. To investigate research issues and educational implications of the recent development in computer

technology, especially in the field of micro computers, and recommend to the Executive Committee means by which the Association members may be continually made aware of such issues and implications as the development takes place.

2. To serve as a liaison with the American Institute of CPAs on matters related to computer technology and its use in accounting.

Chairman: Professor James C. Kinard, College of Ad- ministrative Science, The Ohio State University, Columbus, OH 43210, (614) 422-2328

Members: Professor Lloyd J. Buckwell, Department of Accounting and Management Information Systems, Bowling Green State University, Bowling Green, OH 43403

Professor Gary Grudnitski, College of Business Adminis- tration, University of Texas at Austin, Austin, TX 78712

Budget: $1,500



160 The Accounting Review, January 1983

DELOITTE HASKINS & SELLS WILDMAN MEDAL COMMITTEE Charge. To administer the John R. Wildman Medal in accordance with the terms of the grant from the Deloitte

Haskins & Sells Foundation.

Chairman: Professor Nicholas Dopuch, Graduate School of Business, University of Chicago, Chicago, IL 60637

Members: Professor A. Rashad Abdel-khalik, Faculty of Business Administration and Commerce, 432 Cen- tral Academic Building, University of Alberta, Ed- monton, Alberta, CANADA T6G 2G 1

Dr. Douglas R. Carmichael, American Institute of CPAs, 1211 Avenue of the Americas, New York, NY 10036

Dean H. Justin Davidson, College of Administrative Science, The Ohio State University, 1775 South College Road, Columbus, OH 43210

Mr. John Leslie Livingstone, Management Analysis Center, 911 Wilshire Boulevard, Suite 1090, Los Angeles, CA 90017

Professor Gordon Shillinglaw, Graduate School of Business, 621 Uris Hall, Columbia University, New York, NY 10027

Mr. Kenneth W. Stringer, Deloitte Haskins & Sells, 1114 Avenue of the Americas, New York, NY 10036

Budget: $2,500

DOCTORAL CONSORTIUM COMMITTEE Charge: 1. To plan the 1983 Doctoral Consortium. 2. Upon approval and funding, to arrange to have the consortium conducted and administered. 3. To report on its results and effectiveness by November 1, 1983.

Chairman: Professor Ross L. Watts, Graduate School of Management, University of Rochester, Rochester, NY 14627, (716) 275-4278

Members: Professor Stanley Baiman, Graduate School of Business, University of Pittsburgh, Pittsburgh, PA 15260

Professor Daniel W. Collins, Department of Accounting, College of Business Administration, University of Iowa, Iowa City, IA 52242

Professor William R. Scott, School of Business, Queens University, Kingston, Ontario, CANADA K7L 3N6

Budget: Netted against Grant

EDUCATION ADVISORY COMMITTEE Charge: 1. To develop and issue position statements on matters relating to accounting education. 2. To develop and recommend to the Executive Committee educational policy for the Association. 3. To initiate, coordinate and administer the activities of the Association in the field of accounting education,

including research in the area. 4. To coordinate the work of committees for the Doctoral Consortium, New Faculty Consortium, Trueblood

Seminars, Professional Examinations and other education-related committees that may be established during the year.

Chairman: Professor Thomas J. Bums, The Ohio State University, 1775 South College Road, Columbus, OH 43210, (614) 422-6098

Members: Professor Andrew D. Bailey, Jr. (1984), De- partment of Accounting, College of Business Adminis- tration, University of Minnesota, Minneapolis, MN 55455

Professor E. Joe DeMaris (1983), College of Business Administration, North Texas State University, Den- ton, TX 76203

Professor David A. Dittman (1985), Fuqua School of Business, Duke University. Durham, NC 27706

Mr. Sal Luiso (Liaison). Coopers & Lybrand, 1251 Avenue of the Americas, New York, NY 10020

Professor John 0. Mason, Jr. (1983), School of Ac- countancy, Box A/C, University of Alabama, Uni- versity, AL 35486

Mr. Bernard J. Milano (1985), Peat Marwick Mitchell & Co., 345 Park Avenue, New York, NY 10022

Mr. Thomas J. Nessinger (1984), Arthur Andersen & Co., 69 West Washington Street, Chicago, IL 60602

Professor Joseph E. Rhile (1985), Department of Ac- counting, Lake-Sumter Community College, Lees- burg, FL 32748

Professor Douglas A. Snowball (1983), School of Ac- counting, University of Florida, Gainesville, FL 32611

Budget: $4,200

FEDERAL TAX COMMITTEE Charge: 1. To develop and initiate, where deemed appropriate, proposals to national legislative bodies and their

associated committees. 2. To respond to requests for input to proposed legislature or regulations and to initiate such input where deemed

valuable, regardless of such requests.




Chairman. Professor N. Allen Ford, School of Business, University of Kansas, 202 Summerfield Hall, Law- rence, KS 66045, (913) 864-4500

Members: Professor Anna C. Fowler, College of Busi- ness Administration, University of Texas at Austin, Austin, TX 78712

Professor Sandra S. Kramer, School of Accounting, University of Florida, Gainesville, FL 32611

Professor David LaRue, College of Business Adminis- tration, University of Maryland, College Park, MD 20742

Professor Lawrence C. Phillips, School of Management, Case Western Reserve University, Cleveland, OH 44106

Budget: $2,000

FINANCIAL ACCOUNTING STANDARDS COMMITTEE Charge: To evaluate selected discussion memoranda and exposure drafts related to financial accounting in the private

sector as they are released by the Financial Accounting Standards Board and to respond to the FASB in writing or by appearing at public hearings if necessary.

Chairman: Professor Loren A. Nikolai, School of Accountancy, University of Missouri, Columbia, MO 65201, (314) 882-2869

Members: Professor Robert H. Ashton, Graduate School of Business Administration, New York Uni- versity, New York, NY 10006

Professor L. Todd Johnson, Graduate School of Business Administration, University of Colorado, Boulder, CO 80309

Professor Katherine Schipper, Graduate School of In- dustrial Administration, Carnegie-Mellon University, Pittsburgh, PA 15213

Budget: $4,000

COMMITTEE ON INTERDISCIPLINARY FACULTY Charge: 1. To investigate the ways in which faculty and doctoral students outside accounting may be enticed into

accounting in order to enrich accounting education and research with interdisciplinary viewpoints and to alleviate the current shortage of accounting faculty.

2. To evaluate the ways in which these people can acquire the necessary accounting knowledge in the most effective manner and can interact with the accounting faculty in a manner that is mutually beneficial.

3. To recommend to the Executive Committee specific steps to be taken by the Association to promote such interdisciplinary faculty.

Chairman: Dean Robert S. Kaplan, Graduate School of Industrial Administration, Carnegie-Mellon Univer- sity, Pittsburgh, PA 15213, (412) 578-2265

Members: Professor Harold Bierman, Jr., Graduate School of Business and Public Administration, Cornell University, Ithaca, NY 14853

Professor Nils H. Hakansson, School of Business Administration, University of California, Berkeley, CA 94720

Professor Hiroyuki Itami, Graduate School of Business, Stanford University, Stanford, CA 94305

Professor David W. Phipps, School of Accountancy, University of Alabama, University, AL 35486

Budget: $2,000

INTERNATIONAL ACCOUNTING AND AUDITING COMMITTEE Charge: 1. To determine whether international accounting and auditing research might be facilitated by an or-

ganized effort involving the identification of intellectual issues and research opportunities; and, if so, to identify them in a manner that is most likely to attract able scholars in accounting to these areas of research.

2. To identify and pursue programs and projects for supporting research in international accounting and auditing. 3. To assist the Executive Director with the arrangements and the distribution of necessary materials for the visits.

Chairman: Professor John W. Buckley, Graduate School of Business Administration, University of California, Los Angeles, CA 90024, (213) 825-7982

Members: Professor Jane 0. Burns, School of Business, Indiana University, Bloomington, IN 47401

Professor Eugene E. Comiskey, College of Management, Georgia Institute of Technology, Atlanta, GA 30332

Professor Prem Prakash, Graduate School of Business, University of Pittsburgh, Pittsburgh, PA 15260

Professor Charles A. Tritschler, Krannert Graduate School of Management, Purdue University, West Lafayette, IN 47907

Budget: $2,500




INTERNATIONAL FACULTY EXCHANGE COMMITTEE Charge: 1. To advise the Executive Committee on the extent of this program for the 1982-83 year and for subsequent

years including issues of funding for the program. 2. To select the professors to be involved in the program for 1982-83. 3. To assist the Executive Director with the arrangements and the distribution of necessary materials for the visits.

Chairman: Professor David Solomons, Wharton School, University of Pennsylvania, Philadelphia, PA 19104 (215) 898-7775

Members: Professor George J. Benston, Graduate School of Management, University of Rochester, Rochester, NY 14627

Professor William J. Bruns, Jr., International Senior Managers Program, Harvard University, CH- 1801 Le Mont-Pelerin, Vevey-Switzerland

Professor Robert H. Crandall, School of Business, Queen's University, Kingston, Ontario, CANADA K7L 3N6

Budget: $2,500

MANAGEMENT ACCOUNTING COMMITTEE Charge: 1. To study means of promoting interest in research and education in management accounting among

faculty and students in accounting. 2. To serve as a liaison with the National Association of Accountants and provide academic input to the NAA.

Chairman. Professor Felix P. Kollaritsch, College of Administrative Science, The Ohio State University, Columbus, OH 43210, (614) 422-6090

Members: Professor Rick Antle, Graduate School of Business, University of Chicago, 1101 East 58th Street, Chicago, IL 60637

Professor William L. Ferrara, College of Business Administration, Pennsylvania State University, 409 Business Administration Building, University Park, PA 16802

Professor James M. Fremgen, Department of Adminis- trative Sciences, Code 54, Naval Postgraduate School, Monterey, CA 93940

Budget: $2,000

MEMBERSHIP COMMITTEE Charge: To increase the quantity and quality of the membership of the Association.

Chairman: Professor Doris M. Cook, College of Business Administration, University of Arkansas, Fayetteville, AR 72701

Members: Professor Loudell E. Robinson, School of Business-University Station, University of Alabama, Birmingham, AL 35294

Professor Harold M. Nix, School of Business and Public Administration, University of Alaska, Anchorage, AK 99508

Professor Diane E. Pattison, College of Business Ad- ministration, Arizona State University, Tempe, AZ 85281

Professor Lela D. Pumphrey, Department of Account- ing, College of Business, Arkansas State University, State University, AR 72467

Professor Orapin Duangplay, Department of Account- ing, School of Business Administration and Econom- ics, California State University, Fullerton, CA 92634

Professor W. Harold Silvester, College of Commerce, University of Saskatchewan, Saskatoon, Sask., CANADA S7N OWO

Professor Corine T. Norgaard, School of Business Administration, University of Connecticut, Storrs, CT 06268

Professor Lee Schmidt, College of Business, Colorado State University, Fort Collins, CO 80523

Professor Janis R. Reeder, Department of Accounting, College of Business and Economics, University of Delaware, Newark, DE 19711

Professor Michael Gallagher, Department of Account- ing, School of Government and Business, George Washington University, Washington, DC 20052

Professor Linda J. Savage, Department of Accountancy, College of Business Administration, University of Central Florida, Orlando, FL 32816

Professor Ray D. Dillon, School of Accountancy, College of Business, Georgia State University, At- lanta, GA 30303

Professor Rebekah Maupin, College of Business Admin- istration, University of Hawaii, Honolulu, HI 96822

Professor Kenneth A. Smith, College of Business, Idaho State University, Pocatello, ID 83209

Professor Robert E. Bennett, Department of Accoun- tancy, Northern Illinois University, DeKalb, IL 60115

Professor Terry L. Arndt, Department of Accounting, Ball State University, Muncie, IN 47306

Professor Joseph F. Goetz, School of Business Adminis- tration, Iowa State University, Ames, IA 50011

Professor Robert E. Holtfreter, Department of Account- ing, College of Business Administration, Kansas State University, Manhattan, KS 66506

Professor Donald L. Madden, Department of Account-




ing, College of Business and Economics, University of Kentucky, Lexington, KY 40506

Professor Daniel G. Kyle, College of Business Adminis- tration, Louisiana State University, Baton Rouge, LA 70803

Professor Melvin T. McClure, College of Business Ad- ministration, University of Maine at Orono, Orono, ME 04469

Professor Barry Rice, Accounting Faculty, Loyola College, Baltimore, MD 21210

Professor Morrison McInnes, Alfred P. Sloan School of Management, Massachusetts Institute of Technology, Cambridge, MA 02139

Professor Carolyn Thompson, Department of Accoun- tancy, Ferris State College, Big Rapids, MI 49307

Professor Grover Cleveland, Graduate School of Busi- ness Administration, University of Minnesota, Minne- apolis, MN 55455

Professor Carole B. Cheatham, School of Accountancy, Mississippi State University, Mississippi State, MS 39672

Professor Richard L. Nichols, Department of Account- ing, School of Business, Southwest Missouri State University, Springfield, MO 65802

Professor Teresa Beed, School of Business Administra- tion, University of Montana, Missoula, MT 59812

Professor David J. Ellison, Creighton University, De- partment of Accounting, College of Business Adminis- tration, Omaha, NE 68178

Professor John Mills, Accounting and Information Sys- tems Dept., College of Business Administration, University of Nevada, Reno, NV 89557

Professor James Horrigan, Department of Accounting, Whittemore School of Business and Economics, University of New Hampshire, Durham, NH 03824

Professor Larry Van Horn, Information Systems Area, Graduate School of Management, Rutgers University, Newark, NJ 07102

Professor M. Peter Dillaway, Robert 0. Anderson School of Management, New Mexico State University, Albuquerque, NM 87131

Professor Ralph Polimeni, Department of Accounting, School of Business. Hofstra University, Hempstead, NY 11550

Professor Linda C. Bowen, School of Business Adminis- tration, University of North Carolina, Chapel Hill, NC 27514

Professor Donald E. Bostrom, Accounting and Business Law, University of North Dakota, Grand Forks, ND 58202

Professor Joseph N. Hilton, Department of Accounting, College of Business Administration, Ohio University, Athens, OH 45701

Professor Lanny G. Chasteen, School of Accounting, Oklahoma State University, Stillwater, OK 74074

Protessor Fred Shelton, School of Business, Oregon State University, Corvallis, OR 97331

Professor Walter K. Kunitake, College of Business Administration, Penn State University, University Park, PA 16802

Professor Richard G. Vangermeersch, Department of Accounting, College of Business Administration, University of Rhode Island, Kingston, RI 02881

Professor Caroline D. Strobel, Division of Accounting, University of South Carolina, Columbia, SC 29208

Professor Peter Maldonado, School of Business, Uni- versity of South Dakota, Vermillion, SD 57069

Professor George S. Minmier, Department of Accoun- tancy, Memphis State University, Memphis, TN 38152

Professor Donald L. Kyle, School of Professional Studies, University of Houston at Clear Lake City, Houston, TX 77058

Professor Larzette G. Hale, Department of Accounting, College of Business, Utah State University, Logan, UT 84322

Professor Dale Jacque Grinnell, Department of Business Administration, University of Vermont, Burlington, VT 05405

Professor Robert M. Brown, College of Business, 307 Pamplin Hall, Virginia Polytechnic Institute and State University, Blacksburg, VA 24061

Professor Mary Ziebell, Accounting Department, Seattle University, Seattle, WA 98122

Professor Robert S. Maust, College of Business and Economics, West Virginia University, Morgantown, WV26506

Professor Joann Noe Cross, College of Business Ad- ministration, University of Wisconsin-Oshkosh, Osh- kosh, WI 54801

Professor George R. McGrail, College of Commerce and Industry, University of Wyoming, Laramie, WY 82071

Budget: Included in the membership promotion budget

NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY LIAISON COMMITTEE

Charge: 1. To initiate, where relevant, input to NASBA on items of joint concern. 2. To suggest ways by which standards developed by NASBA may be adjusted and implemented in the best interests

of accounting education. 3. To explore potential areas of mutual interest and advise the Executive Committee, where appropriate, of actions

it recommends be taken by the Association.

Chairman: Professor James B. Bower, Graduate School of Business, University of Wisconsin-Madison, 1155 Observatory Drive, Madison, WI 53706, (608) 262- 0891

Members: Professor Richard J. Asebrook, School of Business Administration, University of Massachu- setts, Amherst, MA 01003

Mr. Robert R. Gignac, Arthur Andersen & Co., 33 West Monroe Street, Chicago, IL 60603

Professor Robert L. Grinaker, McIntire School of Com- merce, University of Virginia, Charlottesville, VA 22903

Professor Kenneth W. Perry, College of Commerce and Business Administration, University of Illinois, Ur- bana, IL 61801

Budget: $2,600




NOMINATIONS COMMITTEE Charge: To nominate members of Executive Committee and Council Members-at-Large.

Chairman: Professor Donald H. Skadden, Graduate School of Business Administration, University of Michigan, Ann Arbor, MI 48109, (313) 764-1362

Members: Professor Joseph A. Silvoso, School of Ac- countancy, University of Missouri, Columbia, MO 65201

Professor Thomas R. Dyckman, Graduate School of Business and Public Administration, Malott Hall, Cornell University, Ithaca, NY 14853

Professor William W. Cooper, Department of Manage- ment, School of Business, University of Texas at Austin, Austin, TX 78712

Professor William L. Ferrara, College of Business Administration, 409 Business Administration Build- ing, Pennsylvania State University, University Park, PA 16802

Professor Loren A. Nikolai, School of Accountancy, University of Missouri, Columbia, MO 65201

Budget .$1,500

NOTABLE CONTRIBUTIONS TO ACCOUNTING LITERATURE COMMITTEE Charge. Nominating Group-To nominate works of exceptional merit from books and articles that meet the guide-

lines established by the Executive Committee. Selection Group-To select the winners from among the manuscripts nominated for the Notable Contributions to

Accounting Literature and submit their names to the American Institute of Certified Public Accountants.

Chairman: Professor K. V. Ramanathan, School of Business-DJ-10, University of Washington, Seattle, WA 98195, (206) 543-4378

Members (Nominating Group): Professor John A. Ar- nold, Department of Accounting, University of Manchester, Manchester, ENGLAND Ml 3 9PL

Professor Albert J. Arsenault, Jr., Department of Ac- counting, Hillsborough Community College, Tampa, FL 33516

Professor Anthony A. Atkinson, School of Business Administration, Dalhousie University, Halifax, N.S., CANADA B3H 4H8

Professor Martin L. Bariff, School of Management, Sears Library Building 662, Case Western Reserve University, Cleveland, OH 44106

Professor Sanjoy Basu, Faculty of Business, McMaster University, Hamilton, Ontario, CANADA L8S 4M4

Mr. Sheldon A. Berger, Sharpe Harris & Associates, 231 East 24th Street, New York, NY 10010

Professor Robert Bloom, College of Business Adminis- tration, U university ot' Wisconsin. Whitewater, White- water, WI 53190

Professor Peter Brownell, Sloan School of Management, Massachusetts Institute of Technology, Cambridge, MA 02139

Professor Charles G. Carpenter, Department of Ac- countancy, 310 Laws Hall, Miami University, Oxford, OH 45056

Professor Thomas T. Cheng, Wharton School, Univer- sity of Pennsylvania, Philadelphia, PA 19104

Professor Ting-Wong Cheng, Graduate School of Ac- counting, National Chengchi University, Musan, Taipei, Republic of China

Professor Robert H. Colson, Graduate School of Busi- ness Administration, University of Michigan, Ann Arbor, MI 48109

Professor William H. Culp, School of Management, University of Michigan-Dearborn, Dearborn, MI 48128

Professor Anthony P. Curatola, College of Business Administration, Department of Accounting, Louisi- ana State University, Baton Rouge, LA 70803

Professor Barry E. Cushing, College of Business, Room BU0226, University of Utah, Salt Lake City, UT 84112

Professor James W. Deitrick, College of Business Ad- ministration, University of Texas at Austin, Austin, TX 78712

Professor Bala G. Dharan, Jones Graduate School of Administration, Rice University, Houston, TX 77001

Professor J. Richard Dietrich, Graduate School of Industrial Administration, Carnegie-Mellon Univer- sity, Pittsburgh, PA 15213

Professor Dempsey M. Dupree, Department of Ac- counting, Clarion State College, Clarion, PA 16214

Professor John H. Evans, III, Graduate School of Busi- ness, University of Pittsburgh, Pittsburgh, PA 15260

Professor Kenneth R. Ferris, School of Business Ad- ministration, Southern Methodist University, Dallas, TX 75275

Professor V. Gorindarajan, College of Administrative Science, Ohio State University, Columbus, OH 43210

Professor Larry P. Hegstad, School of Business Adminis- tration, Pacific Lutheran University, Tacoma, WA 98447

Professor Walter L. Johnson, College of Business Administration, University of Central Florida, Or- lando, FL 32816

Professor Dan C. Kneer, College of Business Adminis- tration, Arizona State University, Tempe, AZ 85281

Professor Bruce S. Koch, Graduate School of Business Administration, New York University, New York, NY 10006

Professor A. Ronald Kucic, School of Accountancy, University of Denver, Denver, CO 80208

Professor David Lavin, School of Business and Org. Science, Florida International University, Miami, FL 33199




Professor W. Morley Lemon, Accounting Group, Uni- versity of Waterloo, Waterloo, Ontario, CANADA N2L 3G 1

Professor Alexander Liebling, College of Business Ad- ministration, University of New Orleans, New Orleans, LA 70148

Professor W. Thomas Lin, Grad. School of Business Admin., School of Accounting, University Park, University of Southern California, Los Angeles, CA 90007

Professor Debra H. Lu, College of Business, St. Cloud State University, St. Cloud, MN 56301

Professor Michael W. Maher, Graduate School of Business Admin., University of Michigan, Ann Arbor, MI 48109

Professor Ron Mano, College of Business, University of Utah, Salt Lake City, UT 84112

Professor Melissa L. Martinson, Department of Ac- counting, Portland Community College, Portland, OR 97219

Professor Kurt J. Pany, College of Business Administra- tion, Arizona State University, Tempe, AZ 85281

Professor James W. Pattillo, Division of Business and Economics, Indiana University, P. 0. Box 7111, 1700 Mishawaka Avenue, South Bend, IN 46634

Professor James M. Patton, Graduate School of Busi- ness, University of Pittsburgh, Pittsburgh, PA 15260

Professor Ernest J. Pavlock, College of Business, De- partment of Accounting, Virginia Polytechnic Institute and State University, 307B Pamplin Hall, Blacksburg, VA 24061

Mr. Thomas E. Powell, The Institute of Internal Audi- tors, 249 Maitland Avenue, Altamonte Springs, FL 32701

Professor Kris K. Raman, College of Business Adminis- tration, North Texas State University, Denton, TX 76203

Mr. William J. Rauwerdink, Deloitte Haskins & Sells, 100 Renaissance Center, Suite 3100, Detroit, MI 48243

Professor Daniel G. Short, College of Business Adminis- tration, University of Texas at Austin, Austin, TX 78712

Professor G. Stevenson Smith, Dept. of Accounting and Finance, College of Business and Economics, West Virginia University, Morgantown, WV 26506

Professor James E. Sorensen, School of Accountancy, University of Denver, Denver, CO 80208

Professor Edward C. Spede, School of Business, Virginia Commonwealth University, Richmond, VA 23284

Professor Jane B. Stockard, College of Business Admin- istration, Calvin Hall, Kansas State University, Manhattan, KS 66506

Professor C. Bruce Swindle, Department of Accounting, McNeese State University, Lake Charles, LA 70609

Professor Srinivasan Umapathy, School of Management, Boston University, Boston, MA 02215

Professor William S. Waller, College of Business and Public Admin., University of Arizona, Tucson, AZ 85721

Professor John H. Waterhouse, Faculty of Business Administration & Commerce, University of Alberta, Edmonton, Alberta, CANADA T6G 2G 1

Professor D. J. H. Watson, Department of Commerce, University of Queensland, Queensland 4067 AUS- TRALIA

Professor Frederich H. Wu, School of Accountancy, Wichita State University, Wichita, KS 67208

Members (Selection Group): Professor James R. Bentley, School of Business Administration, Portland State University, Portland, OR 97207

Professor Edward M. Currie, College of Business Ad- ministration, University of Hawaii, Honolulu, HI 96882

Professor Paul Frishkoff, College of Business Adminis- tration, University of Oregon, Eugene, OR 97403

Professor Paul A. Griffin, Graduate School of Adminis- tration. University of California. Davis. CA 95616

Professor Chandra Kanodia, Grad School of Business Admin University of Minnesota, Minneapolis, MN 55455

Professor Richard Leftwich, Graduate School of Busi- ness, University of Chicago, 1101 East 58th Street, Chicago, IL 60637

Professor John A. Tracy, Graduate School of Business Administration, University of Colorado, Campus Box 419, Boulder, CO 80309

Professor Paul R. Watkins, Department of Accounting, School of Business, University of Southern California, Los Angeles, CA 90007

Professor Mark A. Wolfson, Graduate School of Busi- ness, Stanford University, Stanford, CA 94305

Budget: Nominating Group- -0- Selection Group- $4,000

PEAT MARWICK MITCHELL AUDITING PRACTICE AND RESEARCH SEMINARS COMMITTEE

Charge: To assist, as members of the Seminar Board, Peat Marwick Mitchell & Co. in the conduct of the Seminar Series.

Chairman: Professor James K. Loebbecke, College of Business, University of Utah, Salt Lake City, UT 84112, (801) 581-7616

Members: Professor Mark W. Dirsmith, College of

Business Administration, Pennsylvania State Univer- sity, 409 BAB, University Park, PA 16802





PLANNING COMMITTEE FOR THE 1983 ANNUAL MEETING Charge: To assist the President of the Association in developing the technical program for the 1983 Annual Meeting.

Chairman: Professor Roland E. Dukes, School of Busi- ness-DJ-10, University of Washington, Seattle, WA 98195, (206) 543-7742

Members: Professor Herman R. Andress, Department of Accounting, Santa Fe Community College, Gaines- ville, FL 32601 (Two-Year Sec.)

Professor James L. Chan, College of Business Adminis- tration, University of Illinois at Chicago Circle. Chicago, IL 60680, (Public Sector Sec.)

Dr. J. Owen Cherrington, Institute of Professional Ac- countancy, Brigham Young University, Provo, UT 84602 (Mgt. Adv. Services Sec.)

Professor Scott S. Cowen, School of Management, Case Western Reserve University, Cleveland, OH 44106 (Pub. Int. Acc. Sec.)

Professor Lowell Dworin, Department of Accounting- BEB 300, College of Business Administration, Uni- versity of Texas at Austin, Austin, TX 78712 (Federal Tax Sec.)

Professor Gerald A. Feltham, Faculty of Commerce & Business Admin., University of British Columbia, Vancouver, B.C., CANADA V6T 1W5, (Inf. Econ.)

Professor Helen M. Gernon, Department of Accounting, College of Business Administration, University of Oregon, Eugene, OR 97403 (International Acc. Sec.)

Professor Robert E. Hamilton, Graduate School of Business Administration, University of Minnesota, Minneapolis, MN 55455 (Auditing Sec.)

Professor Ronald W. Hilton, Graduate School of Busi- ness and Public Administration, Cornell University, 518 Malott Hall, Ithaca, NY 14853 (Behavioral Acc.)

Professor James Jiambalvo, School of Business, Univer- sity of Washington, Seattle, WA 98195 (General)

Professor H. Thomas Johnson, School of Business and Public Admin., University of Puget Sound, Tacoma, WA 98416 (Acc. History)

Professor Gary A. Luoma, School of Accountancy, Georgia State University, Atlanta, GA 30303 (AAP Sec.)

Professor Donald L. Madden, College of Business and Economics, University of Kentucky, 421 C Commerce Building, Lexington, KY 40506 (Mgt. Acc. Sec.)

Professor James M. Patell, Graduate School of Business, Stanford University, Stanford, CA 94305

Professor Gerald H. B. Ross, Institute of Social Re- search, University of Michigan, Ann Arbor, MI 48109 (Acc. Beh. & Org. Sec.)

Professor John K. Simmons, Accounting Department, College of Business Administration, University of Florida, 102 Bryan Hall, Gainesville, FL 32611L (1983-84 chmn.)

Professor Clyde P. Stickney, Tuck School of Business Administration, Dartmouth College, Hanover, NH 03755 (Financial Accounting)

Professor Shyam Sunder, Faculty of Commerce & Business Admin., University of British Columbia, Vancouver, B.C., CANADA V6T LW5 (Mgt. Acc.)

Professor Jerold L. Zimmerman, Graduate School of Management, University of Rochester, Rochester, NY 14627 (Positive Theory)

Budget: $2,500

COMMITTEE ON PRACTITIONERS' ROLE IN EDUCATION Charge: 1. To evaluate the ways in which practitioners, especially executives, partners and government officials at

the senior level who have valuable practical experience, can most effectively participate in accounting education. 2. To recommend to the Executive Committee specific steps to be taken by the Association to entice such partici-

pation by practitioners in order to complement academicians' education and to alleviate the current shortage of the accounting faculty.

Chairman: Professor Robert B. Sweeney, School of Accountancy, University of Alabama, University, AL 35486

Members: Professor Michael N. Chetkovich, School of Business Administration, University of California, Berkeley, CA 94720

Professor Donald H. Cramer, College of Business Administration, University of South Carolina, Co- lumbia, SC 29208

Mr. James H. MacNeill, American Institute of CPAs, 1211 Avenue of the Americas, New York, NY 10036

Professor Vernon K. Zimmerman, College of Commerce and Business Administration, University of Illinois, 320 Commerce West, 1206 South 6th Street, Box 109, Champaign, IL 61820

Budget: $2,500

PROFESSIONAL EXAMINATIONS COMMITTEE Charge: 1. To elicit questions and problems together with solutions from members for use in licensing and other

accounting certification examinations. 2. To monitor and evaluate examination questions in regard to their conformity with published criteria and to advise

the licensing organization on those findings. 3. To consider whether it would be useful to evaluate the appropriateness of the CPA or other licensing examinations;

and, if so, to advise the Executive Committee of when and by what means such an evaluation should be conducted.




Chairman: Professor Paul A. Dierks, College of Business Administration, University of Texas at Arlington, Arlington, TX 76019, (817) 273-3481

Members: Professor Ralph L. Benke, Jr., Department of Accounting and Finance, School of Business, James Madison University, Harrisonburg, VA 22807

Professor James B. Edwards, College of Business Ad- ministration, University of South Carolina, Columbia, SC 29208

Professor Bill N. Schwartz, Department of Accounting, School of Business Administration, Temple Univer- sity, Philadelphia, PA 19122

Professor Ray Stephens, College of Administrative Science, The Ohio State University, Columbus, OH 43210

Professor Richard J. Vargo, School of Business and Public Administration, University of the Pacific, Stockton, CA 95211

Budget: $500

PUBLIC SECTOR FINANCIAL ACCOUNTING COMMITTEE Charge: 1. To evaluate selected discussion memoranda and exposure drafts by the Financial Accounting Standards

Board that are related to public sector financial accounting and selected proposals by the National Council on Govern- mental Accounting and other public sector accounting bodies; and to respond to these organizations in writing or by appearing at public hearings if necessary.

2. To maintain liaison with these organizations on matters related to public sector financial accounting.

Chairman: Professor Claude S. Colantoni, Wharton School, University of Pennsylvania, Philadelphia, PA 19104, (215) 243-7771

Members: Professor Rajiv D. Banker, School of Urban and Public Affairs, Carnegie-Mellon University, Pitts- burgh, PA 15213

Professor Leonard E. Berry, Department of Accounting, College of Business Administration, Georgia State University, Atlanta, GA 30303

Professor Leon E. Hay, College of Business Adminis- tration, University of Arkansas, Fayetteville, AR 72701

Professor Keith R. Howe, Institute of Professional Accountancy, Brigham Young University-346 JKB. Provo, UT 84602

Budget: $2,600

RESEARCH ADVISORY COMMITT7EE Charge: 1. To advise the Director of Research in the development and administration of the Association's program

in accounting research. 2. To suggest ways to encourage research in accounting.

Chairman: Professor Theodore J. Mock, School of Accounting, I niversity of Southern California, Los Angeles, CA 90007, (213) 743-2426

Members: Professor Joel S. Demski, Graduate School of Business, Stanford University, Stanford, CA 94305

Professor Daniel L. Jensen, College of Administrative Science, The Ohio State University, 414 Hagerty Hall, 1775 College Road, Columbus, OH 43210

Professor James C. McKeown, College of Commerce and Business Administration, University of Illinois, Ur- bana, IL 61801

Professor James A. Ohlson, School of Business Adminis- tration, University of California, Berkeley, CA 94720

Professor Lawrence Revsine, Graduate School of Man- agement, Northwestern University, Leverone Hall, Evanston, IL 60201

Professor William F. Wright, Department of Account- ing, Graduate School of Business Administration, 612 School of Management, University of Minnesota, 271 19th Avenue South, Minneapolis, MN 55455

Budget: $3,000

SECURITIES AND EXCHANGE COMMISSION LIAISON COMMITTEE Charge: 1. To initiate proposals to the SEC on matters relevant to that body. 2. To continue to develop and implement means for providing input and assistance from academic accountants to

the SEC. 3. To advise the Executive Committee on means of acquainting accounting educators of the processes and pro-

nouncements of the SEC, including the success of existing activities in this area.

Chairman: Professor George C. Mead, Graduate School of Business Administration, Michigan State Univer- sity, East Lansing, MI 48824, (517) 355-7486

Members: Professor Jerry L. Arnold, School of Account- ing, University of Southern California, Los Angeles, CA 90007

Professor Harvey S. Hendrickson, School of Business and Organization Science, Florida International Uni- versity, Miami, FL 33199

Professor Jimmy W. Martin, College of Business, Virginia Polytechnic Institute and State University, Blacksburg, VA 24061

Budget: $2,600




STUDENT FELLOWSHIPS COMMITTEE Charge: To select the 1983-84 recipients of American Accounting Association Grants and determine the amounts of

their awards.

Chairman: Professor Arthur G. Mehl, College of Busi- ness Administration, Bradley University, Peoria, IL 61625, (309) 676-7611, ext. 291

Members: Professor Ted L. Fisher, School of Profes- sional Accountancy, Louisiana Tech University, P. 0. Box 5796, Tech. Station, Ruston, LA 71272

Professor Philip J. Harmelink, College of Business Administration, University of New Orleans, New Orleans, LA 70148

Budget: $1,000

TRUEBLOOD SEMINARS COMMIHTEE Charge: To assist Touche Ross & Co. in planning and conducting the Trueblood Seminars, staffed and funded by

Touche Ross & Co.

Chairman: Professor Robert W. Rouse, College of Industrial Management and Textile Science, Clemson University, Clemson, SC 29631, (803) 656-3265

Members: Professor Samuel Frumer, Graduate School of Business, Indiana University, Bloomington, IN 47401

Professor Jay M. Smith, Jr., Institute of Professional Accountancy, 346 JKB, Brigham Young University, Provo, UT 84602




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