Announcement

ACCOUNTING AND BUSINESS RESEARCH
A research quarterly published by the
Institute of Chartered Accountants
in England and Wales
Editors: R. H. Parker, University of Exeter C. W. Nobes, University of Reading

CONTENTS

Multinational Performance Measures and Their Association with Contextual Variables
Some Issues in Corporate Hedging Policy
Standard Setting for the Financial Reporting of Religious Business Organisations: The Case of Islamic Banks
The Accounting Burdens Facing Small Firms: An Empirical Research Note
A Longitudinal Study of Accounting Changes: The UK Gas Industry 1969-1974
Accounting Standards and the Judiciary
Origins of the Plan Comptable General: A Study in Cultural Intrusion and Reaction
The Use of Computers in Accounting Course: A New Perspective — A Comment
Restricting the Domain and Potential of Cash Flow Book Reviews

Istemi S. Demirag
S. Eckl
J. N. Robinson
Rifaat Ahmed Abdel Karim
Kevin Keasey Helen Short
W. M. McInnes
G. W. Radcliffe Peter E. M. Standish
P. A. Collier G. R. Kaye B. J. Spaul B. C. Williams
T. A. Lee

Subscriptions should be sent to 40 Bernard Street, London WC1N 1LD, England. Subscriptions rates are

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Individual £23 £25 £30
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All subscriptions can be paid in US dollars at current rates of exchange.

Announcement
ACCOUNTING AND FINANCE
Vol. 29 No. 1 May 1990

EXPLAINING INTRAPERIOD ACCOUNTING CHOICE: THE REPORTING OF CURRENCY TRANSLATION GAINS AND LOSS
Stephen L. Taylor, Richard B. Tress and
Lester W. Johnson 1

SOME EVIDENCE ON THE TERM STRUCTURE OF INTEREST RATES: HOW TO FIND A BLACK CAT WHEN IT’S NOT THERE
Ian Young and David Fowler 21

PARTIAL TAKEOVERS AS PUT OPTIONS
Neville Hathaway 27

THE EFFECT OF THE DISTRIBUTION OF CASES ON JUDGMENTAL CONSENSUS
Ken T. Trotman 39

MARKET TIMING ABILITY OF POOLED SUPERANNUATION FUNDS JANUARY 1981 TO DECEMBER 1987
N. A. Sinclair 51
EDUCATION NOTES 66

A NOTE ON THE ACADEMIC PERFORMANCE OF DEEP-ELABORATTVE VERSUS SHALLOW-REITERATIVE INFORMATION PROCESSING STUDENTS
Kim Tan and Freddie Choo 67

THE PLACE OF COMMUNICATION SKILLS IN THE TRAINING OF ACCOUNTANTS IN NEW ZEALAND
Margaret C. McLaren 82
BOOK REVIEWS 95
Journal of the
Accounting Association of Australia and New Zealand

Announcement
THE ACCOUNTING REVIEW
A QUARTERLY JOURNAL OF THE AMERICAN ACCOUNTING ASSOCIATION

Editor A. Rashad Abdel-khalik
Associate Editors
Robert H. Ashton John S. Hughes
Andrew D. Bailey, Jr. Richard A. Lambert
Bala V. Balachandran James C. McKeown
Victor L. Bernard Ira Solomon
Ronald W. Hilton Shyam Sunder
VOL.65 OCTOBER 1990 No. 4

A FORUM ON MARKET’S FIXATION AND ACCOUNTING NUMBERS

JOHN R. M. HAND
A Test of the Extended Functional Fixation Hypothesis…. 739

TREVOR S. HARRIS and JAMES A. OHLSON
Accounting Disclosures and the Market’s Valuation of Oil and Gas Properties: Evaluation of Market Efficiency and Functional Fixation 764

SEHA M. TINIIÇ
A Perspective on the Stock Market’s Fixation on Accounting Numbers 781

VIDYA AWASTHI and JAMIE PRATT The Effects of Monetary Incentives on Effort and Decision Performance: The Role of Cognitive Characteristics 797

WILLIAM S. WALLER and RACHEL A. BISHOP
An Experimental Study of Incentive Pay Schemes, Communication, and Intrafirm Resource Allocation 812

JOHN C. FELLINGHAM and RICHARD A. YOUNG
The Value of Self-Reported Costs in Repeated Investment Decisions 837

MATTHEW ANDERSON, URTON ANDERSON, RICHARD HELLELOID, EDWARD JOYCE, and MICHAEL SCHADEWALD
Internal Revenue Service Access to Tax Accrual Workpapers: A Laboratory Investigation 857

VICKY B. HEIMAN
Auditors’ Assessments of the Likelihood of Error Explanations in Analytical Review 875

JENNIFER FRANCIS
Accounting for Futures Contracts and the Effect on Earnings Variability 891