Knowledge that Transforms

This study of budgetary control and the relationships among some behavioral variables affecting individual response to budgets suggests that perceived budget characteristics, attitudes toward these characteristics and personal flexibility are important correlates with budgetary response attitudes. Furthermore, increased age, tenure and status of organization members did not correlate with increased budgetary responsiveness. These results were found to be congruent with the organizational socialization process whereby organizational members are inculcated with organizational norms, values and required behaviors.

ABSTRACT: The primary purpose of this paper is to report on recent pedagogical applications of the LEXIS document retrieval system at the University of Michigan. A general description of LEXIS and its installation at Michigan is provided, together with a discussion of its use in specific financial accounting and tax accounting classes. The paper concludes with some observations on future classroom use of the system.

ABSTRACT: The University of Colorado has established a program by which partners of national accounting firms will spend one or two semesters as a "Partner in Residence" to participate fully in the academic activities of the Accounting Division. The purpose of the program is to strengthen and professionalize accounting education. The burden of providing partner time is minimized for each firm by rotating the position among the participating firms. We have identified transitional periods in partners' careers where it would be feasible to participate in the program. The program offers mutual benefits to the students, accounting faculty, participating partners and their firms. At present seven firms agreed to participate in the Partner in Residence Program.

Reviews the book "The Use of Accounting Information in Labor Negotiations," by John R. Palmer.

Reviews the book "Cost Accounting," 9th ed., by John J.W. Neuner and Edward B. Deakin.

The article presents a comment by the authors on interindustry estimation of general price-level (GPL) impact on financial information. The January, 1973 issue of "The Accounting Review," contains an article by Russell Petersen that examined the impact of GPL adjustments on corporate financial statements. This comment is concerned with two specific shortcomings in the Petersen paper. First, it shows that his methodology for evaluating the impact of GPL restatements contains a fundamental error, which prevents an accurate assessment of the magnitude of "displacement" of certain of the financial parameters studied. The effect of this "comparability error" is sufficiently severe that it would alter some of Petersen's conclusions regarding the displacement effect of GPL restatements. Second, it questions the propriety of some of Petersen's statistical results and related discussion. It is believed that comparability error discussed in this article is but one example of a problem that is likely to arise with increasing frequency if disclosure of GPL restated information is required in the future.

ABSTRACT: Empirical evidence of the effectiveness of learner-directed instruction has been somewhat inconclusive. This article reports the results of an experiment utilizing the self-paced, competency-based method, in contrast to the traditional lock-step instructional method. The experiment was designed to examine whether the use of competence-based requirement in the setting of an accounting class will improve students' performance and whether the self-paced format has differential effects on student performance, The analysis of results indicates that the answer to both questions is positive.

Reviews the book "Auditing Symposium III: Proceedings of the 1976 Touche Ross/University of Kansas Symposium on Auditing Problems," edited by Howard F. Stettler.

Reviews the book "Computerized Accounting," by Henry J. Beck and Roy James Parrish Jr.

Reviews the book "Social Auditing," by David H. Blake , William C. Frederick, Mildred S. Myers, Rogene A. Bucholz and Donald E. Wygal.