Knowledge that Transforms

Abstract Reviews the book "Fraudulent and Questionable Financial Reporting: A Corporate Perspective," by Kenneth A. Merchant.

Abstract Reviews the book "The Theory of Financial Markets and Information," by James A. Ohlson.

Abstract Reviews the book "Analytical Contribution Accounting," by Walter Georges and Robert W. McGee.

Abstract Reviews the book "Beta Alpha Psi, From Omega to Zeta Omega: The Making of a Comprehensive Accounting Fraternity, 1946-1984" by Terry K. Sheldahl.

Abstract Reviews the book "The Bottom Line: Inside Accounting Today," by Grace W. Weinstein.

Abstract Reviews the book "Tax Planning for Educators 1987."

Abstract Reviews the book "The Management of Corporate Financial Assets: Applications of Mathematical Programming Models," by J.S.H. Kornbluth and G.R. Salkin.

Abstract ABSTRACT: In response to the greater challenges and competitive pressures facing the public accounting profession in recent years, many CPA firms have hired significant numbers of MBAs. Yet there has been little empirical evidence of the comparative performance in public accounting of MBAs vis-a-vis undergraduates with an accounting major (BAs). This Issue has Important implications as to the appropriate educational training for those entering the profession and for CPA firm recruiting strategies. This study traced the performance of 54 MBA and 56 BA entry level accountants over a nine year horizon. Performance was measured by advancement, turnover, and salary Increases. MBAs advanced more rapidly in the firm than BAs but did not demonstrate significant differences in turnover or salary Increases. MBAs from top rated schools, however, reached the manager level faster and experienced lower turnover rates than other MBAs and BAs.

Abstract Reviews the book "Towards a Theory and Practice of Cash Flow Accounting," by T.A. Lee.

Abstract Reviews the book "Accounting and Management: Field Study Perspective," edited by William S. Bruns and Robert S. Kaplan.