Knowledge that Transforms

Reviews the book 'Federal Taxes and Management Decisions,' by Ray M. Sommerfeld.

Presents a reply to Ishikawa' s commentary which proposed that the reliability model could be improved by the use of feedforward concepts and that maintainability may be applied to the study of internal control systems. Explanation of control concepts; How reliability model encompasses the feedforward concept; Dispute against Ishikawa's contention that the engineering concept of maintainability is adaptable to application in the study of internal control systems.

Reviews the book "Readings in Cost Accounting, Budgeting, & Control," 4th ed., edited by William E. Thomas.

Reviews the book "Managerial Accounting: An Introduction to Planning, Information Processing and Control," by Ronald M. Copeland and Paul E. Dascher.

This article presents an extension of a research project being conducted by the author to study the impact of general price level restatements on published financial information. The parameters selected for analysis were: return on owner's equity, net income, and standard deviation of net income. The paper reported the impact on sequential ordering of the companies under examination as a result of general price level restatement of the underlying data. In the concluding comments of the paper it was stated that: "The financial parameters selected for analysis have not been proved relevant to decision models. The impact of changes in a measurement rule on financial data has been the basis of this analysis. It has been assumed that small relative changes could have relatively small effect on decisions in the absence of specification of an appropriate decision model." The article provides an analysis of the data using portfolio techniques and certain other theories drawn from the field of finance.

Reviews the book "A Bibliography of International Accounting," 3rd ed., by Konrad W. Kubin and Gerhard G. Mueller.

Reviews the book 'The Federal Income Tax: Its Sources and Applications,' by Clarence F. McCarthy.

Reviews the book 'Accounting for Business,' Second Edition, by John R. Cerepak.

Reviews the book "Fundamentals of Financial Accounting," by Glenn A. Welsch and Robert N. Anthony.

This article presents a study conducted to analyze the effect of differential instructional techniques upon the attitudes of students in an introductory accounting principles course. The introductory accounting principles course at many universities is frequently unsatisfactory to both faculty and students. Typically, it is a service course; i.e., it is a requirement for all business majors. Thus, the classes often contain a substantial number of students who have little or no interest in the subject matter. The principles course is one of the most important offerings of the accounting department for the simple reason that it usually determines those students who will become accounting majors. The students who: do poorly in material comprehension, or are not "turned on" by a highly mechanical and/or traditionally instructed course will find their areas of concentration in other disciplines. In the study, beginning accounting students at Case Western Reserve University were asked to respond to statements concerning Accounting Principles I, relating their answers to the course and its material content, not to the job their instructors did or did not do in their presentations.