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- Title
An Appraisal of Collegiate Business Students' Understanding of Price-Level-Adjusted Financial Statements.
- Authors
Koester, Robert; Carson, William
- Abstract
The purpose of this study is to measure the level of price-level-adjusted financial statements (PLAFS) understanding on the part of those individuals currently preparing to enter the business community. Since both accountants and nonaccountants make use of financial statements, this study includes students who are accounting majors as well as students in other majors. A five-question, multiple-choice examination covering various aspects of PLAFS was given to 243 graduate and undergraduate students in the School of Business at Boise State University. Questions referred to information on an attached two-page excerpt from the statistical supplement to Shell Oil Company's 1974 Annual Report to Stock holders. Results of this study support the conclusion that, in general, business students are not prepared adequately to interpret PLAFS. The performance of the students was little better than a random performance. Additionally, the performance did not significantly improve, either with an increased exposure to various business courses or an increased overall grade point average. Perhaps most disturbing is the fact that performance did not improve significantly with the completion of the course that provides the major technical instruction in PLAFS.
- Subjects
FINANCIAL statements; RESEARCH; BUSINESS students; ATTITUDE (Psychology); PRICE levels; PUBLIC opinion; FINANCIAL performance; BUSINESS finance
- Publication
Accounting Review, 1976, Vol 51, Issue 3, p625
- ISSN
0001-4826
- Publication type
Article