Academy of Accounting and Financial Studies Journal, Volume 1, Number 2, 1997

CONTENTS

LETTER FROM THE EDITORS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . v

MANAGERIAL FIRST: REVERSING THE SEQUENCE OF INTRODUCTORY

ACCOUNTING COURSES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

Gary P. Schneider, University of San Diego

Carol M. Bruton, University of San Diego

Jeffrey W. Arricale, KPMG Peat Marwick, LLP

AUDIT REPORT MODIFICATIONS FOR CHANGES IN ACCOUNTING

PRINCIPLES: ARE AUDITORS TOO ENTHUSIASTIC? . . . . . . . . . . . . . . . . . . . 7

Charles E. Jordan, University of Southern Mississippi

Stanley J. Clark, University of Southern Mississippi

W. Robert Smith, University of Southern Mississippi

APPLYING FUTURES CONTRACT EVALUATIONS TO SMALL BUSINESS

STOCK PORTFOLIOS AND RETIREMENT PLANS:

AN INNOVATIVE APPROACH USING TECHNICAL ANALYSIS . . . . . . . . . . 17

Carroll D. Aby, Jr., Northwestern State University

Marcelline R. Fusilier, Northwestern State University

ARE ACCOUNTING STUDENTS READY FOR THE INTERNET AGE?

STUDENTS’ PERCEPTIONS OF AND IMPLICATIONS FOR THE

ACCOUNTING CURRICULUM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25

Cheryl A. Cruz, California State University, Los Angeles

Dong-Woo Lee, California State University, Los Angeles

Carol Blaszczynski, California State University, Los Angeles

STOCK INDEX FUTURES OPTIONS AND THE PREDICTABILITY

OF INTRADAY INDEX PRICE CHANGES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44

James Stotler, North Carolina Central University

Richard Curcio, Kent State University

Eugene Swinnerton, University of Detroit, Mercy

THE EFFECTIVENESS OF CORPORATE RESTRUCTURING:

AN ANALYSIS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 52

Vinita M. Ramaswamy, University of St. Thomas

Ramon Fernandez, University of St. Thomas

WOMEN IN THE PUBLIC ACCOUNTING PROFESSION . . . . . . . . . . . . . . . . . . . . . . . 72

Rodger R. Trigg, Columbus State University

Fabian K Nabangi, Morehouse College

Emmanuel O. Onifade, Morehouse College

DO MANAGERS SMOOTH EARNINGS PATHS? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77

David W. Gibson, Hampden-Sydney College

Mark A. Prell, Hampden-Sydney College

ESCALATION OF COMMITMENT AND ITS EFFECT ON CAPITAL

BUDGETING: A REVIEW OF THE LITERATURE . . . . . . . . . . . . . . . . . . . . . . 96

Janice L. Klimek, Missouri Western State College

APPLICATION OF THE SPECIAL CONSTRAINED MULTIPARAMETRIC

LINEAR PROGRAM TO PORTFOLIO SELECTION DECISIONS . . . . . . . . . 116

Philip Little, Western Carolina University

Michael Shurden, Lander University

Elizabeth Wibker, Louisiana Tech University