Business Commons^™

Bankers' Reactions To The New Standard Report And Consistency Reporting Requirements, Marshall A. Geiger

Accounting Faculty Publications

The auditor's report is the primary source of information for a bank loan officer concerned with the integrity of a potential client's financial statements. Recently, the auditing standards board of the American Institute of CPAs established new wording and reporting requirements in the standard report for companies that change accounting principles -- among other changes in reporting on audited financial statements. The ASB modified the long-lived standard report wording to which the U.S. financial community had grown accustomed.

One hundred and ninety-nine randomly selected bank loan officers from across the United States participated in a mail survey designed to assess …

The Newsboy With Known Demand And Uncertain Replenishment: Applications To Quality Control And Container Fill, John S. Rose

Robins School of Business White Paper Series, 1980-2022

Consider a newsboy problem with known demand and random replenishment. The distribution of the replenishment quantity is determined by a location-scale parameter, (μ, σ), which can be controlled. The usual expected cost function includes a separate term associated with the choice of σ. The asymptotic behavior of the optimal parameter values, as functions of the holding and shortage costs, is examined.

Adam Smith On Competitive Religious Markets: Preaching About Preachers?, Charles G. Leathers, J. Patrick Raines

Robins School of Business White Paper Series, 1980-2022

Anderson (1988) and Rosenberg (1960) have provided substantial insights into Adam Smith's economic analysis of religious behavior. In particular, both emphasized Smith's optimistic view of competitive religious markets. As an addendum, this paper investigates more closely the theoretical basis for Smith's prediction that optimal religious doctrine and institutions would spontaneously evolve in free markets for preachers.

Cost, Price, Equity And Quality In Higher Education, Phillip A. Jones Sr., Clarence R. Jung Jr.

Robins School of Business White Paper Series, 1980-2022

As tuition and other college expenses have continued to out pace the rate of inflation in the U.S. economy, increased attention has focused on the economics of higher education. Questions have been raised, explicitly or implicitly, as to whether the higher cost of a college education is justified and whether there are policy measures—private or public—which might be put in place to contain these costs and/or alter the nature of the product.

Financial Analysis Of Foreign Operations: The Effect Of Foreign Currency Translation, James A. Schweikart

Robins School of Business White Paper Series, 1980-2022

Financial statement analysis of multinational corporations (MNCs) is becoming increasingly complex, due to the further globalization of MNCs and the development of a world economy. MNCs are expanding their markets overseas to become globally competitive. No longer is the international dimension of their businesses only a mere portion of their total activity.

The economic organization of Western Europe and the creation of a new market in Eastern Europe are two forces augmenting the world economy. Couple with existing competition from the Far East, U.S. MNCs are entering world markets at an accelerated pace. This is both an opportunity and a …

Teaching Accounting Concepts Versus Applications: An Analysis Of Student Attitudes, Marshall A. Geiger

Accounting Faculty Publications

Accounting faculty have long debated the usefulness and appropriateness of their teaching endeavor. One of the central themes in this continuing discussion is that of teaching concepts versus teaching applications of current accounting principles. In order to empirically address this issue, students' attitudes toward the conceptual aspects and toward the practical application aspects of financial accounting were assessed. This research also reports on the development and validation of an instrument that measures attitudes of students toward these aspects of financial accounting. The instrument demonstrated high reliability with both intermediate and introductory students. Intermediate students were found to distinguish between attitudes …