Presents a reply to comments made on the article "Some Observations on Student Values and Their Implications for Accounting Education," by Vincent Brenner. Relationship between attitudes and values; Reason for the adoption of the measurement technique; Need for awareness on the difference in attitudes or values between accounting students and non-accounting majors

This article presents a comment on the study of some observations on student values and their implications for accounting education in the U.S. If accounting majors are less concerned with wisdom and beauty than other students it may be incumbent upon accounting educators to raise the consciousness level of their students. This could be done by pointing out the scholarly background of accounting and the infinite complexities of designing a useful and reliable method of measuring economic and financial transactions.

This article presents a reply to the comments on the usefulness of financial ratios to investors in common stock in the U.S. Emphasis has been placed on the intention that ratios be considered only a first step in the total evaluation of the usefulness of financial ratios to investors. Within this framework the research design and testing were appropriate. The conclusion of ratios should not be taken from the context and limitations of the models and methodology of the study. To do so increases the risk of attaching greater weight to the conclusion than was ever contemplated by the research.

Presents information on a study which described the application of Box-Jenkins methodology to the problem of forecasting financial time series data. Description of the generalized model; Methodology; Results and discussion; Conclusions.

The article informs that the purpose of this research was to obtain empirical insight into the concept of materiality in external reporting by constructing a mathematical model to describe the way in which a sample of knowledgeable individuals believed materiality judgments ought to be made. A set of 30 hypothetical cases was developed as an experimental instrument. Each case involved either a gain or loss on a noncurrent asset, a change in accounting principle or an uncertainty. In order to insure face validity the cases were developed to conform with parameters estimated from 103 actual financial reporting situations. The 30 cases were administered in a field experiment to 18 partners in national public accounting firms and 15 securities analysts. These subjects were instructed to categorize each case as requiring three alternative types of disclosure. By using the subjects' evaluations as a criterion and the 8 materiality variables as predictors, a multiple discriminate model was developed and validated that replicated the judgmental process of the subjects with 63% accuracy. The model was 84% accurate in discriminating between immaterial cases and material cases.

Presents information on a study which described an account structure designed to remedy the flaws in conventional governmental accounting and reporting practices. Controversy over the conventional governmental accounting model; Integration of fund accounts through consolidation of financial statements; Financial statement revisions that will result from changes in the governmental account structure.

The article informs that the primary purpose of this study is to determine the subjective evaluations of both department heads and faculty members concerning the quality of selected journals. This is of value since the perceived quality of the journal is apparently an important factor in evaluating an article. In addition, it is also meaningful to compare the department heads' perceptions with the perceptions of the faculty members. Thus, another purpose of this study is to determine if any significant differences exist between department heads' and faculty members' perceptions of the quality of these journals. Data were obtained from a questionnaire sent to a random sample of 200 accounting faculty members and the department heads of the 163 schools of business accredited by the American Association of Collegiate Schools of Business. The questionnaire was divided into two sections. The first section provided a listing of 24 accounting and business related journals. The respondent was asked to evaluate the quality of each journal.