摘要:

Abstract:Three different market indices are tested for mean‐variance efficiency using monthly data for leading Australian securities, and following the methodologies suggested in Roll (1979). The balance of the evidence is against index efficiency and against the two‐parameter asset pricing theory. However, this could be influenced by imperfections in the tests, inadequate data, and sampling errors in the be

ISSN:0810-5391    

DOI:10.1111/j.1467-629X.1982.tb00033.x

出版商:Blackwell Publishing Ltd    

年代:1982

数据来源: WILEY

摘要:

Abstract:There is evidence that standard setting bodies see the promotion of uniformity of accounting practice as a major objective in setting accounting standards. However, recently issued standards in respect of the accounting treatment of research and development costs allow corporate managers considerable choice in accounting for these costs. An examination of the circumstances surrounding the development of the RB.211 engine by Rolls Royce Limited during the years 1967‐70 is undertaken to determine the extent to which different practices may be employed in accounting for research and development costs under the U.K. and International accounting standards. Evidence adduced from this examination suggests that the management of Rolls Royce Limited could have complied with the requirements of these accounting standards and still have been free to expense or capitalise the costs incurred on the RB.211 projec

ISSN:0810-5391    

DOI:10.1111/j.1467-629X.1982.tb00034.x

出版商:Blackwell Publishing Ltd    

年代:1982

数据来源: WILEY

摘要:

Abstract:This paper reports the results of a study undertaken to evaluate the quality of leasing decision analysis as proposed in Australian finance company literature. The study found many errors and over‐statements in this literature, making it a poor guide for the financial manage

ISSN:0810-5391    

DOI:10.1111/j.1467-629X.1982.tb00035.x

出版商:Blackwell Publishing Ltd    

年代:1982

数据来源: WILEY

摘要:

Abstract:Private shareholder response to annual reports of Australian public‐listed companies was investigated via postal questionnaires in 1979 and 1980. Approximately 2000 usable replies indicate that although annual reports are ranked third to stockbroker advice and newspapers as sources of corporate information, two‐thirds claim the report is of some importance and one‐quarter would buy it and pay up to $2 per copy. Readership behaviour reveals that whereas the chairman's review is the most read item, traditional financial statements are more important in influencing equity decision‐making. The auditor's report, statistical data and notes to accounts are least read and least important. Such evidence has implications for report preparers, auditors, accountancy professional bodies, financial journalists and ed

ISSN:0810-5391    

DOI:10.1111/j.1467-629X.1982.tb00036.x

出版商:Blackwell Publishing Ltd    

年代:1982

数据来源: WILEY

摘要:

Abstract:The cloze procedure, a psycholinguistic technique, was used to empirically evaluate the communication of authoritative pronouncements in accounting. Three of the most recent pronouncements of five different authoritative bodies were tested via a random sample of 750 certified public accountants, 750 academic accountants, and 600 private accountants. Using the cloze procedure's 57% criterion level, evidence was found (contrary to expectations) that communication problems do not exist with either authoritative bodies or classes of accountants. However, evidence was found (as expected) that communication problems do exist with two of the fifteen authoritative pronouncements tested.I want to express my sincerest appreciation to the City University of New York PSC‐BHE Research Award Program for the grant that made this project possibl

ISSN:0810-5391    

DOI:10.1111/j.1467-629X.1982.tb00037.x

出版商:Blackwell Publishing Ltd    

年代:1982

数据来源: WILEY

摘要:

Abstract:In Australia, people performing accounting functions may have undertaken a course at a university, CAE, or technical college. This study is addressed to the rationale for this multiplicity of courses by seeking to determine whether there are different outcomes, such as professional functioning and salary, among graduates from these different courses.A specially devised questionnaire was developed to determine the degree of professionalism in late 1979 of accounting graduates from some Sydney and Melbourne universities, CAEs (UG1 bachelor degree and UG2 diploma courses), and technical colleges from the following years: 1970, 1974, 1976 and 1978. Limitations such as sample size prevent definitive answers. It was found that degree of professionalism and salary were related to attendance pattern, years of accounting experience before course completed, and years of accounting experience after course completed, but that the relationships with accounting course studied are low. Data counceming the mean percentage time spent on professional, technician, and other functions are provided.

ISSN:0810-5391    

DOI:10.1111/j.1467-629X.1982.tb00038.x

出版商:Blackwell Publishing Ltd    

年代:1982

数据来源: WILEY

摘要:

Book reviewed in this article:J. B. Ryan, C. T. Heazlewood, B. H. Andrew and M. A. Perkinson,New Zealand Company Financial Reporting: 1982J. Wong and M. E. Bradbury,Supplement to New Zealand Company Financial Reporting: 1982A. D. Barton, “Objectives and Basic Concepts of Accounting”,Accounting Theory Monograph No. 2Robert S. Kaplan,Advanced Management AccountingR. C. Clift, (ed.),Accounting: Communication and ControlJ. G. Louderback and M. L. Hirsch,Cost Accounting: Accumulation Analysis and UseR. Baxt, H. A. J. Ford, G.J. Samuels, C. M. Maxwell,An Introduction to the Securities Industry CodesBell, Philip W.,CVA, CCA and CoCoA: How Fundamental are the Differences?Philip A. Phin,Accounting for Real Estate DevelopmentMichael Scorgie and Anne Magnus,BASIC for Accountants ‐ with an introduction to the use of computers in businessH. Russell Fogler and Sundaram Ganapathy,Financial Econometrics for Researchers in Finance and AccountingColin Tapper,Computer LawMichael J.Pratt, AuditingL. K. Scott (ed.),The Australian Credit Management ManualP. J. Hutchinson (ed.),Financing Small Enterprise Devel

ISSN:0810-5391    

DOI:10.1111/j.1467-629X.1982.tb00039.x

出版商:Blackwell Publishing Ltd    

年代:1982

数据来源: WILEY