Czernkowski, RMJ 1990, 'Expert systems in real estate valuation', Journal of Valuation, vol. 8, no. 4, pp. 376-393.
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Discusses the development of expert systems (ES) as an improvement
on computer‐aided valuation techniques (CAV), due to its allowing the
modelling of complex non‐linear and qualitative relationships and
processes, such as those which exist within the field of valuation.
Explores valuation as a set of processes and details current technology
with reference to the impact of CAVs in Australia. Discusses expert
systems as the latest stage in the evolution of computer methods which
support humans in decision making, outlines ES procedure and gives
examples of current applications. Considers the application of expert
systems to rating valuation and reviews the theory of ′information
chunking.
Taylor, SL, Tress, RB & Johnson, LW 1990, 'EXPLAINING INTRAPERIOD ACCOUNTING CHOICES: THE REPORTING OF CURRENCY TRANSLATION GAINS AND LOSSES', Accounting & Finance, vol. 30, no. 1, pp. 1-20.
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Abstract:Prior to the introduction of an Australian Accounting Standard relating to the treatment of foreign currency items, we find agreement among firms on the method of translating foreign subsidiaries' assets and liabilities, but no such agreement on the method of reporting the resulting gain or loss. The reporting choice represents an intraperiod accounting decision. We show that this choice is a function of the demand for ex ante optimal risk sharing agreements between management and shareholders, although auditor identity and firm size are also found to influence the choice of reporting method. We model the policy choice as both a dichotomous and a more finely graded three‐way problem, introducing to the accounting literature an experimental technique designed to test for the existence of any mutual dependence between alternatives.
