New Bookmarks
Year 2002 Quarter 4:  October 1-December 31 Additions to Bob Jensen's Bookmarks
Bob Jensen at Trinity University

We're moving to the mountains on July 15, 2003 --- http://www.trinity.edu/rjensen/NHcottage/NHcottage.htm  
Anyone interested in buying our nice San Antonio home my read about the details at http://www.trinity.edu/rjensen/house.htm

For earlier editions of New Bookmarks, go to http://www.trinity.edu/rjensen/bookurl.htm 

Click here to search Bob Jensen's web site if you have key words to enter --- Search Site.
This search engine may get you some hits from other professors at Trinity University included with Bob Jensen's documents, but this may be to your benefit.

Bob Jensen's Dance Card
Some of My Planned Workshops and Presentations --- http://www.trinity.edu/rjensen/resume.htm#Presentations 

A sad song for the anniversary of September 11 --- http://www.link4u.com/littledidsheknow.htm
U.S. flag lovers should note the animated cartoon at http://www.beetlebailey.com/images/flag.swf 
Awesome fireworks over the Statue of Liberty (click repeatedly on the Black Sky) --- http://doody36.home.attbi.com/liberty.htm 
Some nice midi music forwarded by Don and LaDonna --- http://www.trinity.edu/rjensen/audio/nice01.mid
 
God Bless America --- http://www.dayspring.com/movies/webmovies/america.html  

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Choose a Date Below for Additions to the Bookmarks File

December 31, 2002      December 10, 2002  

November 15, 2002      November 30, 2002

October 30, 2002          October 10, 2002 

 

December 31, 2002 

 

 Bob Jensen's New Bookmarks on December 31, 2002
Bob Jensen at Trinity University
 


Holiday Greetings from Bob & Erika --- http://www.trinity.edu/rjensen/NHcottage/XMAS2002.htm

Quotes of the Week

 From the Wow Topic of the forthcoming edition of New Bookmarks in Year 2003

Why does this matter? Because we are asking our students to learn more and more from a monitor. Getting clear thoughts across on the printed page has always been a challenge. Doing it with a computer is harder, even with the unique attributes it has over the static page. But clear thinking visually is not just good teaching, it can be a matter of life and death.

The Challenger disaster, for instance, could have been avoided if the visual representation of quantitative data had been clear. The engineers knew there was a problem nearly 12 hours before the launch and voted to postpone it. But when challenged to justify their argument, the contractors presented tables and charts, none of which brought the essential point to light: the causal relationship between temperature and O-ring damage at launches.

The sad fact is that had the data been ordered by temperature, it would have shown a direct correlation with O-ring damage. The Challenger launch temperature was six standard deviations outside the range for which they had actual engineering data. It was, as they say, a disaster waiting to happen.

Phillip D. Long ---  http://www.trinity.edu/rjensen/352wpVisual/000DataVisualization.htm 

Work is the refuge of people who have nothing better to do.
Oscar Wilde

"By concocting elaborate schemes of so-called 'structured finance' with no legitimate business purpose other than tax and accounting manipulation, Citigroup and JPMorgan Chase helped Enron deceive the investing public," claimed Michigan Sen. Carl Levin, ranking Democrat on the panel, in a statement.
Reuters, December 9, 2002

Trouble Tree  --- http://www.geocities.com/Broadway/Stage/5078/merrychristmasupdate.html  

The carpenter I hired to help me restore an old farmhouse, had just finished  a rough first day on the job. A flat tire made him lose an hour of work, his  electric saw quit, and now his ancient pickup truck refused to start. While I drove him home, he sat  in stony silence. On arriving, he invited me in to meet his family. As we walked toward the  front door, he paused briefly at a small tree, touching the tips of the  branches with both hands.

When opening the door he underwent an amazing  transformation. His tanned face was wreathed in smiles and he hugged his  two small children and gave his wife a kiss. Afterward he walked me to the car.  We passed the tree and my curiosity got the better of me. I asked him about what I had seen him do earlier. 

"Oh, that's my trouble tree," he replied. "I know I can't help having  troubles on the job, but one thing's for sure, troubles don't belong in the  house with my wife and the children. So I just hang them on the tree every  night when I come home. Then in the morning I pick them up again."  

He paused. "Funny thing is," he smiled, "when I come out in the morning to  pick 'em up, there ain't nearly as many as I remember hanging up the night before."

Work makes for a shorter day and a longer life.
Diderot Denis

Let us run the risk of wearing out rather than rusting out.
Theodore Roosevelt

It's not the critic who counts, not the man who points out how the strong man stumbled, or where the doer of deeds could have done them better. The credit goes to the man who is actually in the arena; whose face is marred by dust and sweat and blood; who strives valiantly; who errs and comes short again and again; who knows the great enthusiasms, the great devotions, and spends himself in a worthy cause; who, at best, knows in the end the triumph of high achievement, and who, at the worst, if he fails at least fails while daring greatly, so that his place shall never be with those cold and timid souls who know neither victory nor defeat.
Theodore Roosevelt

Look at a stone cutter hammering away at his rock, perhaps a hundred times without as much as a crack showing in it. Yet at the one hundred and first blow it will split in two, and I know it was not the last blow that did it, but all that had gone before.
Jacob A. Riis

I make the most of all that comes and the least of all that goes.
Sara Teasdale

This thing we call 'failure' is not the falling down, but the staying down
Mary Pickford 

It's supposed to be hard. If it wasn't hard everyone would do it. The 'hard' is what makes it good.
Tom Hanks in a movie titled A League of Their Own 

I'm in a wonderful position: I'm unknown, I'm underrated, and there's nowhere to go but up.
Pierre S. Dupont IV 

In the three years that I played ball, we won 6, lost 17, and tied 2. Some statisticians ... calculated that we won 75% of the games we didn't lose.
Roger M. Blough 

You miss 100% of the shots you never take.
Wayne Gretzky 

God made the world round so that we would never be able to see too far down the road.
Isak Dinesen 

I never lost a game. I just ran out of time.
Bobby Layne

They ask me 'What are you on?' I tell them, I'm on my bike 6 hours a day busting my ass. What are you on?
 Lance Armstrong

I believe I have found the missing link between animals and civilized man. It is us.
Lorenz Konrad

Dear Santa: Forget Mattel, and bring on Nokia.
http://www.wired.com/news/holidays/0,1882,56784,00.html 
Little kids in the modern age grow up so fast. Now even third-graders want their own Nokias, Kyoceras and Ericssons.

In this world there are only two tragedies; one is not getting what one wants, the other is getting it.
Oscar Wilde
This seems to be a variation on the ancient (Chinese?) proverb:  "Be careful what you wish or pray for, because you may get it."




WHAT MAKES AMERICAN CAPITALISM SURVIVE?

See Bob Jensen's December 31, 2002 updates on the accounting and finance scandals can be found at http://www.trinity.edu/rjensen/fraud123102.htm

Believe it or not, while the accounting industry news from Wall Street has run the gamut from bad to horrible this year, the news from Main Street, USA is actually very encouraging. http://www.accountingweb.com/item/96763 

. . . 68 percent of small business owners say they are very satisfied with the service they receive from their CPAs (another 25 percent say they are satisfied) makes it evident that CPAs have worked hard to earn the trust of their small business clients, and translates into increased opportunity for CPAs.

Main Street accountants are obviously perceived much differently than the handful of financial professionals at the center of the maelstrom on Wall Street. Despite the Enron scandal, 88 percent of small-business owners say they have not lost confidence in their own accountants and will continue to trust them for counsel. But while CPAs have worked hard to earn the trust of their clients, small business owners must also do their part to maintain this trust and continue growth. This is why it’s also important for them to do their homework when looking for the right accountant for their business:

  • Find out what experience an accountant has in your industry
  • Know who will be your principal contact
  • Call other clients for references
  • Find out how the accountant stays abreast of current trends in your industry
  • Ask if they are actively pursuing CPE credits to maintain accreditation
  • Are they informed about the latest financial technology?
  • How will they work with you on an individual level to share information?

The optimism and confidence of small business owners is best seen in the fact that by yearend Americans will have launched approximately 575,000 new businesses that employ workers other than the owners. (Even more will hang their shingles as one-person shops.) Two-thirds of these fledgling firms will still be open for business two years down the road. Wall Street may be under a dark cloud of suspicion these days, but the American dream is alive and well on Main Street, and America’s accounting professionals are helping more people realize that dream than ever before.




Check out the top ten trends for 2003 with quotes from luminaries such as the creator of Dilbert, the CTO of GM, authors of top business books and executives from companies such as: HP, Cable & Wireless, CSC, Salesforce, Nielsen/Netratings, Bowstreet, divine, Zapthink and Infravio: http://ecnow.com/2003Top10TrendsArticle-withQuotes.pdf

Top ten trends for 2003 --- http://vms3.info/Dec2002/feature.article.htm

Top level news stories via the lenses of the Value Framework(tm) ---  http://vms3.info/Dec2002/management.perspective.htm

Bob Jensen's threads on electronic business are at http://www.trinity.edu/rjensen/ecommerce.htm 




My jaw dropped when I received a very authentic bank note for $10 million in "Hell Money" as a Christmas gift from Paul Pacter. There was no explanation until I asked him about it in an email message. Paul is a former doctoral student who now lives in Hong Kong. I think I'll take his gift with me when I pass on, although in my case it's probably not enough. Paul explains "Hell Money" as follows:

Hi Bob,

It was $10,000,000! I felt very generous this year.

Actually the Chinese Buddhists call it Hell Money. Most of us do not do sufficient good works on earth to immediately get reborn into a new life. So we are buried with Hell Money to tide us over until then. I think there are up to 7 stages of Hell to go through depending on how poorly we did on earth.

December 18, 2002 reply from Dee

Hi Bob 

Hold on to that note. It's a collectible item. see http://www.luckymojo.com/hellmoney.html  
Have a warm and wonderful Holiday Season.

dee davidson 
Accounting Systems Specialist 
Marshall School of Business 
Leventhal School of Accounting 
University of Southern California 213.740.5018
dee.davidson@marshall.usc.edu 

Paul Pacter actively maintains the best international accounting site on the Web --- http://www.iasplus.com/index.htm 
The top paragraph of his latest news announcements contains the following:

18 December 2002: New Journal of International Accounting Research
The International Section of the American Accounting Association has published the inaugural edition of its new annual journal, The Journal of International Accounting Research. The journal aims to publish articles that increase understanding of the development and use of international accounting and reporting practices or attempt to improve extant practices. International accounting is broadly interpreted to include the reporting of international economic transactions; the study of differences among practices across countries; the study of interesting institutional and cultural factors that shape practices in a single country but have international implications; and the effect of international accounting practices on users. 

Click for More Information ( http://www.iasplus.com/resource/aaajournal.pdf ). Click here to go to American Accounting Association Web Site ( http://accounting.rutgers.edu/raw/aaa/index.html )


I recently joined up with Gerald Trites from Canada to present a workshop at the Asian-Pacific annual meetings.  Jerry focused on Internet Reporting of financial data.  Two links of interest provided by Jerry are shown below:

Financial and Business Reporting on the Internet --- http://iago.stfx.ca/people/gtrites/webrep/WEBREP.htm 

Audit Implications of e-Business --- http://iago.stfx.ca/people/gtrites/ebusaudit/EBIZAUD.htm 

 Jerry put a lot of work into these topics.

His homepage complete with audio of "Dueling Banjos" is at http://iago.stfx.ca/people/gtrites/ 
Bet you can't sit still if you click on the above link!


The world's largest and best-loved search engine owes its success to superior technology and a simple rule: Don't be evil. But Google is finding that moral compromise is the cost of doing big business --- http://www.wired.com/wired/archive/11.01/google.html 

Google owes its swelling popularity to deft algorithms that quickly divine what's useful on the Web. But there's more to it than that. At Google, purity matters. Over the years, Brin and Page have resisted pressure to run banners, opting instead for haiku-like text ads and unintrusive sponsored links. They've taken a stand against pop-ups and pop-unders and refused ads from sites they consider to be overly negative. All the while, they've stubbornly kept the Google homepage concise and pristine. On just a faint whisper of a marketing campaign, the company pulled in an estimated $70 million last year (a third from licensing fees and the rest from ads).

The Google strategy appeals to every engineer's sense of The Way It Should Be. Build the best entry in the science fair. Do not tart it up. Do not make it more clever than it needs to be.

But a funny thing is happening on the way to Internet adulthood - Google's awkward teen years. The company's growth spurt has spawned a host of daunting questions that no data-retrieval system can easily answer. Should Google play ball with repressive foreign governments? Refuse to link users to "hate" sites? Punish marketers who artificially inflate site rankings? Fight the Church of Scientology's attempts to silence critics? And what to do about the cache, Google's archive of previously indexed pages? In April, the German national railroad threatened legal action to remove an obsolete site containing sabotage instructions.

Most major companies refer to a detailed code of corporate conduct when considering such policy decisions. General Electric devotes 15 pages on its Web site to an integrity policy. Nortel's site has 34 pages of guidelines. Google's code of conduct can be boiled down to a mere three words: Don't be evil.

Continued at http://www.wired.com/wired/archive/11.01/google.html


Wow Topic of the Week

Visual representation of multidimensional data should be of particular interest in accountancy in modern times as we move toward improved networking of data with OLAP, XBRL, EDGAR, and other advances in reporting of financial and non-financial measures --- http://www.trinity.edu/rjensen/XBRLandOLAP.htm 

"The Visual Display of Data," by Phillip D. Long, Syllabus, December 2002, pp. 6-8 --- http://www.syllabus.com/article.asp?id=6987 

The computer has provided a revolutionary tool to represent information visually. Its power is clearly demonstrated by the captivating power of today's video games. While usually describing a narrative of mayhem and destruction, the stunningly seductive rendering of 3D imagery in video games draws the gamer into new visual worlds. It also has the power to bring forward data from multiple dimensions to render information.

One of the most stunning multidimensional graphical representations of human folly was created 141 years ago by Charles Joseph Minard, a French engineer and general inspector of bridges and roads. Sometimes called the "best statistical graphic ever produced," and a work that "defies the pen of the historian," Minard drew a flow-map depicting the tragic fate of Napoleon's Grand Army in the disastrous 1812 Russian campaign. Using pen and ink, Minard captured on the two-dimensional page no fewer than six dimensions of descriptive data.

Edward Tufte, an information designer who, for over three decades, has cultivated the art and science of making sense of data, has eloquently described Minard's map.

The thick band in the middle describes the size of Napoleon's army, 422,000 men strong, when he began the invasion of Russia in June of 1812 from the Polish-Russian border near the Niemen River. As the army advances, the line's thickness reflects its size, narrowing to reflect the attrition suffered during the advance on Moscow. By the time the army reached Moscow (right most side of the drawing), it had been reduced to 100,000 men, one-quarter of its initial size. The lower black line depicts the retreat of Napoleon's army, and the catastrophic effect of the bleak Russian winter. The line of retreat is linked to both dates and temperature at the bottom of the graphic. The harsh cold reduced the army to a mere 10,000 men by the time it re-crossed into Poland. In addition to the main army, Minard characterizes the actions of auxiliary troops who move to protect the advancing army's main flanks.

Minard's map is a tour de force of data representation, an escape from flatland. He conveys a central reality about the world: Things that are interesting are multidimensional. Minard captures and plots six variables: the size of the army (1); the army's location on a two-dimensional surface (2, 3); direction of the army's movement (4); the temperature on various dates during the retreat from Moscow (5, 6).

The truth is nearly everything is multidimensional. Consider giving directions. Telling someone how to get from Logan airport to Cambridge at different times of the day requires the traveler to juggle information in four dimensions.

Continued at http://www.syllabus.com/article.asp?id=6987 

Visual display of multidimensional data has been a special interest of mine over the years.  I devoted an entire chapter to this topic in a research monograph that I wrote in 1976.  This is included in the document at http://www.trinity.edu/rjensen/352wpVisual/000DataVisualization.htm    

Wow Topic for the Beginning of Year 2003
I have a working draft of a document on data visualization that will be featured in the first edition of New Bookmarks in the Year 2003 ---
http://www.trinity.edu/rjensen/352wpVisual/000DataVisualization.htm 

 


Distance Education in the First Two Years of Engineering Studies in North Carolina
"Partnerships Increase Access to Engineering Education: North Carolina's Two+Two Experience," by Catherine E. Brawner, et al., T.H.E. Journal, October 2002, pp. 30-36 --- http://www.thejournal.com/magazine/vault/A4183.cfm 

North Carolina State University (NC State), The University of NC at Charlotte (UNCC) and NC A&T State University (NC A&T) have the three colleges of engineering in the 16-campus University of NC system. These colleges of engineering provide access to engineering education throughout the state, including to those citizens in the more remote and less wealthy areas. For more than 20 years, NC State has partnered with The University of NC at Asheville (UNCA) in a Two+Two engineering program in which students take their first two years of general education at UNCA, and then transfer to NC State's College of Engineering for upper division courses and their degree.

In 1998, NC State began to offer UNCA students the lower division engineering courses through live distance education in lieu of site-based delivery by local, adjunct or traveling faculty members. Then in 1997, NC State proposed that the Two+Two program be expanded to include the University of NC at Wilmington and Lenoir Community College (LCC). With approval of the funding came a request from the legislature that NC State partner with UNCC and NCA&T in the implementation of the two new Two+Two engineering programs. These two sites began to offer the program in spring 2000.

Distance education supports the Two+Two programs in the larger disciplines, namely electrical and computer engineering, mechanical engineering and civil engineering. Courses offered include statistics, engineering dynamics, electric circuits, an introduction to logic design, and solid mechanics. Students interested in other disciplines, such as chemical engineering, complete their general education requirements during the first two years, and then transfer for all of their engineering coursework and the completion of their degree.

Continued at http://www.thejournal.com/magazine/vault/A4183.cfm 


Prepaid college-tuition plans were once regarded by parents as rock-solid bets, but slumping investments and soaring tuitions mean some programs might not make the grade --- http://online.wsj.com/article/0,,SB1040087291317375553,00.html?mod=todays%5Fus%5Fmarketplace%5Fhs 


"Academic Publishing in the Digital Realm: An Interview with Clifford Lynch," Syllabus, December 2002, pp.10-13 --- http://www.syllabus.com/article.asp?id=6983 
Syllabus interviews Clifford A. Lynch, executive director of the Coalition for Networked Information (CNI).

CL: There are two rather separate things going on, that occasionally get jumbled together under the guise of electronic publishing even though they have rather different characteristics. On one side of the fence we see the changes in the traditional business of scholarly publishing—which includes the journals, monographs, and other kinds of materials that we are all familiar with—this is the incremental evolution of print publishing to the digital world.

On the other side, we have new works of digital authorship and truly new electronic publishing models. Here is where we see an investigation of the transformative potential of digital media. Both sides can be legitimately talked about as electronic scholarly communications, but often, discussions of scholarly publishing in the digital realm focus too narrowly on one side or the other.

S: Why don't we talk first about what's happening on the traditional scholarly publishing side—are we seeing a major movement toward electronic publication?

CL: These materials are moving on a large scale now, from print to digital form. But the conceptualization of the work is still very much rooted in print. Indeed, you will often see people printing these materials out in order to read them. So, rather than producing paper and shipping it to a library, what you'll see is a publisher setting up a Web site that people browse, reading some things online but printing out what they really want to study carefully.

This move to electronic publishing has happened largely with journals. It's happened to a lesser extent with books and monographs, the sorts of things that would be read in rather large chunks, in part because they are awkward to print out on demand for readers.

S: Are the authors of these materials creating different versions of their works digitally? What are the authority considerations?

CL: When you look at how people author for these kinds of works, they are mostly still writing things which could appear equally in digital or paper form. But it's interesting that journal publishers in particular take the position that the authoritative version is the digital version. I think that is an important intellectual step, but it's one that their authors have not entirely caught up with yet. Virtually all of these authors are still producing articles for which the digital and the print versions are essentially equivalent.

So, while the editorial decision that the digital version is definitive opens the door to things like interactive simulation models or datasets that can be navigated and analyzed by readers, in practice, the tradition of scholarly authorship is still very strongly based on a print model.

S: And what about indexes and reference materials?

CL: Indexing and abstracting services, encyclopedias, dictionaries—these things have a more natural existence in the digital world as databases, so they have really gone off on their own separate trajectory and are no longer particularly recognizable from their origins as printed volumes.

S: What about the publishers? Are there new business models?

CL: This move to digital formats has been driven primarily by the same groups who were the major players in the print publishing world. The scholarly societies, the university presses, and the commercial journal publishers—particularly in the scientific, technical, and medical areas.

Obviously there have been some perturbations in business models. For instance, we now typically see site licensing, particularly for journals, giving all members of an institutional community unlimited, concurrent access to that journal—rather than adhering to the convention in the print world, where a large institution would subscribe to multiple copies of a journal to house in different libraries around the campus. With site licensing, some publishers have moved to a pricing structure that figures in the size of the institution.

S: But this is really incremental progress on the traditional scholarly publishing side.

CL: That's what's happened with the traditional publishing industry so far. They are using electronic publishing as a way to disseminate and deliver, but generally, they are disseminating and delivering things that are rather strongly rooted in print. Note, however, that this is a generality. There are some experiments going on among these publishers—but they are mostly experiments rather than large-scale change.

S: Then let's talk about the other side—the new works of digital authorship and the newer electronic publishing models.

Continued at http://www.syllabus.com/article.asp?id=6983  


"The Electronic Portfolio Boom: What's it All About?," by Trent Batson, Syllabus, December 2002, pp. 14-18 --- http://www.syllabus.com/article.asp?id=6984 
(Including Open Knowledge Initiative OKI, Assessment, Accreditation, and Career Trends)

The term "electroThenic portfolio," or "ePortfolio," is on everyone's lips. We often hear it associated with assessment, but also with accreditation, reflection, student resumes, and career tracking. It's as if this new tool is the answer to all the questions we didn't realize we were asking.

A portfolio, electronic or paper, is simply an organized collection of completed work. Art students have built portfolios for decades. What makes ePortfolios so enchanting to so many is the intersection of three trends:

  • Student work is now mostly in electronic form, or is based on a canonical electronic file even if it's printed out: papers, reports, proposals, simulations, solutions, experiments, renditions, graphics, or just about any other kind of student work.
  • The Web is everywhere: We assume (not always true, of course) that our students have ready access to the Web. The work is "out there" on the Internet, and therefore the first step for transferring work to a Web site has already been taken.
  • Databases are available through Web sites, allowing students to manage large volumes of their work. The "dynamic" Web site that's database-driven, instead of HTML link-driven, has become the norm for Web developers.

We've reached a critical mass, habits have changed, and as we reach electronic "saturation" on campus, new norms of work are emerging. Arising out of this critical mass is a vision of how higher education can benefit, which is with the ePortfolio.

We seem to be beginning a new wave of technology development in higher education. Freeing student work from paper and making it organized, searchable, and transportable opens enormous possibilities for re-thinking whole curricula: the evaluation of faculty, assessment of programs, certification of student work, how accreditation works. In short, ePortfolios might be the biggest thing in technology innovation on campus. Electronic portfolios have a greater potential to alter higher education at its very core than any other technology application we've known thus far.

The momentum is building. A year ago, companies I talked with had not even heard of ePortfolios. But at a focus session in October, sponsored by Educause's National Learning Infrastructure Initiative ( www.educause.edu/nlii/ ), we found out how far this market has come: A number of technology vendors and publishers are starting to offer ePortfolio tools. The focus session helped us all see the bigger picture. I came away saying to myself, "I knew it had grown, but I had no idea by how much!"

ePortfolio developers are making sure that their platforms can accept the full range of file types and content: text, graphics, video, audio, photos, and animation. The manner in which student work is turned in, commented on, turned back to students, reviewed in the aggregate over a semester, and certified can be—and is being—deeply altered and unimaginably extended.

This tool brings to bear the native talents of computers—storage, management of data, retrieval, display, and communication—to challenge how to better organize student work to improve teaching and learning. It seems, on the surface, too good to be true.

ePortfolios vs. Webfolios

Since the mid-90s, the term "ePortfolio" or "electronic portfolio" has been used to describe collections of student work at a Web site. Within the field of composition studies, the term "Webfolio" has also been used. In this article, we are using the current, general meaning of the term, which is a dynamic Web site that interfaces with a database of student work artifacts. Webfolios are static Web sites where functionality derives from HTML links. "E-portfolio" therefore now refers to database-driven, dynamic Web sites, not static, HTML-driven sites.

So, What's the Bad News?
Moving beyond the familiar one-semester/one-class limits of managing student learning artifacts gets us into unfamiliar territory. How do we alter the curriculum to integrate portfolios? How do we deal with long-term storage, privacy, access, and ongoing vendor support? What about the challenge of interoperability among platforms so student work can move to a new campus upon transfer?

In short, how do we make the ePortfolio an enterprise application, importing data from central computing, serving the application on a central, secure server, and managing an ever-enlarging campus system? Electronic portfolios have great reach in space and time so they will not be adopted lightly. We've seen how extensively learning management systems such as WebCT, Blackboard, and Angel can alter our campuses. ePortfolios are much more challenging for large-scale implementations.

Still, ePortfolio implementations are occurring on dozens if not hundreds of campuses. Schools of education are especially good candidates, as they're pressured by accrediting agencies demanding better-organized and accessible student work. Some statewide systems are adopting ePortfolio systems as well. The Minnesota State Colleges and Universities system and the University of Minnesota system have ePortfolios. Electronic portfolio consortia are also forming. The open-source movement, notably MIT's Open Knowledge Initiative (OKI), has embraced the ePortfolio as a key application within the campus computing virtual infrastructure.

Moreover, vendors, in order to establish themselves as the market begins to take shape, are already introducing ePortfolio tools. Several companies, including BlackBoard, WebCT, SCT, Nuventive, Concord, and McGraw-Hill, are said to either have or are developing electronic-portfolio tools.

 

ePortfolio Tools and Resources

Within the National Learning Infrastructure Initiative is a group called The Electronic Portfolio Action Committee (EPAC). EPAC has been led over the last year by John Ittelson of Cal State Monterey Bay. Helen Barrett of the University of Alaska at Anchorage, a leading founder of EPAC, has been investigating uses of ePortfolio tools for years. MIT's Open Knowledge Initiative (OKI) has provided leadership and consulting for the group, along with its OKI partner, Stanford University. The Carnegie Foundation has been active within EPAC, as have a number of universities.

What follows is a list of ePortfolio tools now available or in production:

• Epselen Portfolios, IUPUI, www.epsilen.com

• The Collaboratory Project, Northwestern, http://collaboratory.nunet.net

• Folio Thinking: Personal Learning Portfolios, Stanford, http://scil.stanford.edu/research/mae/folio.html

• Catalyst Portfolio Tool, University of Washington, www.catalyst.washington.edu

• MnSCU e-folio, Minnesota State Colleges and Universities, www.efoliomn.com

• Carnegie Knowledge Media Lab, Carnegie Foundation for the Advancement of Teaching, www.carnegiefoundation.org/kml/

• Learning Record Online (LRO) Project, The Computer Writing and Research Lab at the University of Texas at Austin, www.cwrl.utexas.edu/~syverson/olr/ contents.html

• Electronic Portfolio, Johns Hopkins University, www.cte.jhu.edu/epweb

• CLU Webfoil, California Lutheran University, www.folioworld.com

• Professional Learning Planner, Vermont Institute for Science, Math and Technology, www.vismt.org

• Certification Program Portfolio, University of Missouri-Columbia and LANIT Consulting, https://portfolio.coe.missouri.edu/

• Technology Portfolio and Professional Development Portfolio, Wake Forest University Department of Education, www.wfu.edu/~cunninac/edtech/technologyportfolio.htm

• e-Portfolio Project, The College of Education at the University of Florida, www.coe.ufl.edu/school/portfolio/index.htm

• PASS-PORT (Professional Accountability Support System using a PORTal Approach) University of Louisiana at Lafayette and Xavier University of Louisiana, www.thequest.state.la.us/training/

• The Connecticut College e-Portfolio Development Consortium, www.union.edu/PUBLIC/ECODEPT/kleind/ conncoll/

• The Kalamazoo College Portfolio, Kalamazoo College, www.kzoo.edu/pfolio

• Web Portfolio, St. Olaf College, www.stolaf.edu/depts/cis/web_portfolios.htm

• The Electronic Portfolio, Wesleyan University, https://portfolio2.wesleyan.edu/names.nsf?login

• The Diagnostic Digital Portfolio (DDP), Alverno College, www.ddp.alverno.edu/

• E-Portfolio Portal, University of Wisconsin-Madison, http://portfolios.education.wisc.edu/

• Web Folio Builder, TaskStream Tools of Engagement, www.taskstream.com

• FolioLive, McGraw-Hill Higher Education, www.foliolive.com

• Outcomes Assessment Solutions, TrueOutcomes, www.trueoutcomes.com/index.html

• Chalk & Wire, www.chalkandwire.com

• LiveText, www.livetext.com

• LearningQuest Professional Development Planner, www.learning-quest.com/

• Folio by eportaro, www.eportaro.com

• Concord (a digital content server for BlackBoard systems), www.concord-usa.com

• iWebfolio by Nuventive (now in a strategic alliance with SCT), www.iwebfolio.com

• Aurbach & Associates, www.aurbach.com/

Continued at http://www.syllabus.com/article.asp?id=6984 

Bob Jensen's threads on education technology are at http://www.trinity.edu/rjensen/000aaa/0000start.htm 

Bob Jensen's threads on assessment are at http://www.trinity.edu/rjensen/assess.htm 

Bob Jensen's bookmarks for education are at http://www.trinity.edu/rjensen/bookbob.htm 


The home page of the European Accounting Association  --- http://www.eaa-online.org/home/index.cfm 

From the December 2002 EAA Newsletter

Interview with Professor Serge Evraert, incoming President of IAAER and past President of EAA

For the first issue of this new newsletter we have approached, and been granted, a short interview with Professor Serge Evraert, Professor of accounting at the University of Bordeaux. Serge is not only a longstanding supporter of the EAA, including acting as Chair of the EAA following the 20th Annual EAA Congress in 1998 held in Bordeaux, but has just become the President of the IAAER. It seemed appropriate therefore to question him on the relationship between the EAA and other national accounting associations and the role of the IAAER. Does it make sense for us to be members of both organisations?

Editor : Serge, you have been elected for a two years term as President of the IAAER at the 9th World Congress of Accounting Educators in Hong Kong in November. What are you first impressions of your new role?
Prof. Evraert: I would say that, given the quality of the organizers, this 9th Congress of the Association since its creation fourteen years ago was a success both from a research and education perspective with participation of more than 450 colleagues from 50 countries and the active involvement of the delegates of the professional institutions members of the Association. Eleven technical panels and seven educational panels were held and 150 papers were selected, 130 of them for main session presentations and about 20 for research forum presentations. Also of special interest were the joint IAAER/AAA Globalization Roundtable held just before the opening of the Congress which evoked the setting of priorities for improvement of Accounting Education in Asia, Latin America, Africa and Eastern Europe and the Seminar for Directors of Education which addressed advanced topics in accounting education such as multimedia and distance learning, computer based professional examinations, multi disciplinary cases studies , technical versus non- technical professional education for accountants.

Editor: It sounds like this was an excellent event but could you briefly introduce the IAAER and some of its achievements for the education and research community?
Prof. Evraert: IAAER is a not-for-profit organization whose mission is to promote excellence in accounting education and research on a worldwide basis. It is the only global association in the area of accounting education and research. Current membership includes nearly 700 individuals, schools and institutions and 48 Accounting and Practitioners' regional or national academic and professional associations - including the EAA. The Executive Committee usually meets twice a year at the EAA and the AAA annual meetings. This network also acts as a federation of accounting associations on a worldwide basis and we wish to extend its role by promoting joint programs and conferences on a national or regional level.

Editor: Perhaps you could give us some specific examples of recent achievements for the education and research community IAAER has undertaken?
Prof. Evraert: We have had task forces on several projects whose reports are available on our web site www.IAAER.org  . One such task force was devoted to developing an implementation plan for IFAC IEG N° 9, another to developing a global code of ethics for accounting educators. We also have a task force devoted to participation in the global competencies project and the last so far was the project on "The impact of Globalization on Accounting Education" which has been conducted by Gert Karreman of the Netherlands and supported by the IASM. The results of this study have been published by the International Accounting Standards Board. Our website is also very useful to the network and of course the Cosmos Accountancy Chronicle is delivered twice a year to our members giving them full details of our activities as well as other information.

Editor: What are you hopes for the future role of IAAER ?
Prof. Evraert: Recently, financial scandals have seriously impacted public confidence on the alleged benefits of a self-regulated free market economy and it is fair to say that, as accountants, we are concerned about this. Also the move towards global accounting standards for certain type of companies is underway. Thus, our academic and professional organizations have a unique opportunity to act together, pulling in the same direction, but taking advantage of their distinctive competencies, to join our efforts together to think out of the box and foster ethical and innovative attitudes for the benefits of our students, scholars and the whole accounting profession. IAAER provides a wonderful environment in which to take this global view and I would very much encourage EAA members to consider becoming involved in what we do in addition to their membership of the EAA and its corporate involvement in IAAER.

 


Questions
What is the literal definition of Googol?  (the source of the trade name Google)
Who were the two Stanford University graduate students who invented Google?
How does Google make its profits by providing a free search engine to the world?  Hint:  It's not the advertising revenue.

Answers:
“Googol” is the mathematical term for the number one followed by a hundred zeros.  

The  geeks who invented Google were the following 22-year old graduate students at Stanford University:

Larry Page was an all-American type (geek variety) whose dad taught computer science in Lansing, Mich. 

Sergey Brin, with the dark brooding looks of a chess prodigy, emigrated from Russia at the age of 6: his father was a math professor.

The main source of revenue is from licensing fees to huge companies like Yahoo and AOL who in turn use Google's licensed corporate services.

"The World According to Google," by Steven Levy, Newsweek, December 16, 2002 --- http://www.msnbc.com/news/844175.asp?0dm=-118K 

THE DESKTOP ORACLE OF DELPHI
     Internet-search engines have been around for the better part of a decade, but with the emergence of Google, something profound has happened. Because of its seemingly uncanny ability to provide curious minds with the exact information they seek, a dot-com survivor has supercharged the entire category of search, transforming the masses into data-miners and becoming a cultural phenomenon in the process. By a winning combination of smart algorithms, hyperactive Web crawlers and 10,000 silicon-churning computer servers, Google has become a high-tech version of the Oracle of Delphi, positioning everyone a mouseclick away from the answers to the most arcane questions—and delivering simple answers so efficiently that the process becomes addictive. Google cofounder Sergey Brin puts it succinctly: “I’d like to get to a state where people think that if you’ve Googled something, you’ve researched it, and otherwise you haven’t and that’s it.” We’re almost there now. With virtually no marketing, Google is now the fourth most popular Web site in the world—and the Nos. 1 and 3 sites (AOL, Yahoo) both license Google technology for their Web searches. About half of all Web searches in the world are performed with —Google, which has been translated into 86 languages. The big reason for the success? It works. Not only does Google dramatically speed the process of finding things in the vast storehouse of the Web, but its power encourages people to make searches they previously wouldn’t have bothered with. Getting the skinny from Google is so common that the company name has become a verb. The usage has even been anointed by an instantly renowned New Yorker cartoon, where a barfly admits to a friend that “I can’t explain it—it’s just a funny feeling I’m being Googled.”

. . .

THE GOOGLE MYSTIQUE
       
When Judge Richard Posner wrote a book recently to identify the world’s leading intellectuals, he used Google hits as a key criterion. When the Chinese government decided that the Web offered its citizenry an overly intimate view of the world outside its borders, what better way to pull down the shades than to block Google? (Within a week the Chinese changed direction; Google was too useful to withhold.) Companies that do business online have become justifiably obsessed with Google’s power. “If you drop down on Google, your business can come to a screeching halt,” says Greg Boser of WebGuerilla, an Internet consultancy. And if two clashing egos want to see whose Google is bigger, they need only venture to a Web site like GoogleFight to compare results.
        Google was the brainchild of two Stanford graduate students who refused to accept the conventional wisdom that Internet searching was either a solved problem or not very interesting. Larry Page was an all-American type (geek variety) whose dad taught computer science in Lansing, Mich. Sergey Brin, with the dark brooding looks of a chess prodigy, emigrated from Russia at the age of 6: his father was a math professor. Brin and Page, who met as 22-year-old doctoral candidates in computer science in 1995, began with an academic research project that morphed into an experiment on Web searching.
        Their big idea was something they called PageRank (named after Larry), which took into account not just the title or text on a Web site but the other sites linked to it. “Our intention of doing the ranking properly was that you should get the site you meant to get,” says Page. Basically, the system exploited the dizzyingly complex linking network of the Web itself—and the collective intelligence of the millions who surfed the Web—so that when you searched, you could follow in the pathways of others who were interested in that same information.

. . .

TOO MUCH OF A GOOD THING?
       For researchers, of course, Google is a dream tool. “I can’t imagine writing a nonfiction book without it,” says author Steven Johnson. Some even wonder if Google might be too much of a good thing. “I use it myself, every day,” says Joe Janes, assistant professor in the information school of the University of Washington. “But I worry about how over reliance on it might affect the skill-set of librarians.”

        New uses emerge almost as quickly as the typical 0.3 seconds it takes to get Google results. People find long-lost relatives, recall old song lyrics and locate parts for old MGs. College instructors sniffing for plagiarism type in suspiciously accomplished phrases from the papers of otherwise inarticulate students. Computer programmers type in error-code numbers to find out which Windows function crashed their program. Google can even save your life. When Terry Chilton, of Plattsburgh, N.Y., felt a pressure in his chest one morning, he Googled heart attacks, and quickly was directed to a detailed list of symptoms on the American Heart Association site. “I better get my butt to the hospital,” he told himself, and within hours he was in life-saving surgery.

        Eleven years ago computer scientist David Gelernter wrote of the emergence of “mirror worlds,” computer-based reflections of physical reality that can increase our understanding and mastery of the real world. Google is the ultimate mirror world, reflecting the aggregate brilliance of the World Wide Web, on which is stored everything: cookie-bake results, Weblogs, weather reports and the Constitution. And because Google is now the default means of accessing such information, the contents of Google’s world matter very much in the real world.

The Google advanced search page is at http://www.google.com/advanced_search?hl=en 

Bob Jensen's search engine helpers are at http://www.trinity.edu/rjensen/searchh.htm 

Bob Jensen's threads on Weblogs are at http://www.trinity.edu/rjensen/searchh.htm#WeblogBlog 

 


Australia's highest court grants a Melbourne businessman the right to sue Dow Jones for defamation over an article in Barron's, in print and online, that portrayed him as a scam artist --- http://www.wired.com/news/business/0,1367,56793,00.html 


Forwarded by Barry Rice on December 18, 2002

Taylor & Francis currently publishes over 740 academic peer-reviewed journals across a variety of disciplines. In response to the changing needs of the academic community, we are using the Internet actively to disseminate information about journals in advance of publication.

SARA - Scholarly Articles Research Alerting, is a special email service designed to deliver tables of contents, for any Taylor & Francis, Carfax, Routledge, Spon Press, Martin Dunitz or Psychology Press journal, to anyone who has requested the information. This service is completely free of charge.

All you need to do is register, and you will be sent contents pages of the

journal(s) of your choice from that point onwards, in advance of the printed edition.

You can select to receive alerts by keyword or by title and you may unsubscribe at any time. For each of your choices, you will receive the relevant bibliographic information: journal title, volume/issue number and the ISSN. You will also receive full contents details, names of authors and the appropriate page numbers from the printed version.

This will give you advance notice of what is being published, making it easier for you to retrieve the exact information you require from the hard copy once it arrives in your library.

Titles that may be of interest are:

Accounting Education - http://www.tandf.co.uk/journals/routledge/09639284.html

Accounting, Business and Financial History - http://www.tandf.co.uk/journals/routledge/09585206.html

The European Accounting Review - http://www.tandf.co.uk/journals/routledge/09638180.html

To register for this complimentary service, please visit: http://www.tandf.co.uk/sara and click on the SARA button.

If you have any questions regarding this service, please email: SARA@tandf.co.uk 


December 17, 2002 message from FEI Express

IASB Update - Business Combinations
The IASB recently issued for public comment proposals on Accounting for Business Combinations, with comments due by April 4. The key provisions of the IASB's proposals are:

  • All business combinations within the scope of ED 3 would be accounted for using the purchase method. The pooling of interests method would be prohibited.
  • Costs expected to be incurred as a result of a business combination to restructure the acquired entity's (or acquirer's) activities would be treated as post-combination expenses, unless the acquired entity has a pre-existing liability for restructuring its activities.
  • Acquired intangible items would be recognized as assets separately from goodwill if they meet the definition of an asset, and are either separable or arise from contractual or other legal rights.
  • Identifiable assets acquired, and liabilities and contingent liabilities assumed, would be initially measured at fair value.
  • There would be no amortization of goodwill or intangible assets with indefinite useful lives. Instead they would be tested for impairment annually, or more frequently if events or changes in circumstances indicate a possible impairment.

December 17, 2002 message from Jagdish

With recent postings regarding the new way of maintaining the integrity of intellectual property and at the same time fostering the free exchange of information, I thought many AECMers would be interested in the "creative commons" for most written material similar to the GNU copyleft, and the following fascinating article by Professor Charles Muller analysing Professor Lessig's ideas on intellectualo property and cyberspace.

Those interested in creative commons may like to visit www.creativecommons.org.

The idea of commons is not at all novel, it has been around for a very long time, specially in Britain, and the study of the enclosures movement is a staple of any English History course.

Jagdish

Jagdish S. Gangolly, 
Associate Professor ( j.gangolly@albany.edu
Accounting & Law and Management Science & Information Systems 
State University of New York at Albany, Albany, NY 12222.
Phone: (518) 442-4949 Fax: (707) 897-0601

URL: http://www.albany.edu/acc/gangolly


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"Human or Computer? Take This Test," by Sara Robinson, The New York Times, December 10, 2002 --- http://www.nytimes.com/2002/12/10/science/physical/10COMP.html 

As chief scientist of the Internet portal Yahoo, Dr. Udi Manber had a profound problem: how to differentiate human intelligence from that of a machine.

His concern was more than academic. Rogue computer programs masquerading as teenagers were infiltrating Yahoo chat rooms, collecting personal information or posting links to Web sites promoting company products. Spam companies were creating havoc by writing programs that swiftly registered for hundreds of free Yahoo e-mail accounts then used them for bulk mailings.

"What we needed," said Dr. Manber, "was a simple way of telling a human user from a computer program."

So, in a September 2000 conference call, Dr. Manber discussed the problem with a group of computer science researchers at Carnegie Mellon University. The result was a long-term project that is just now beginning to bear fruit.

The roots of Dr. Manber's philosophical conundrum lay in a paper written 50 years earlier by the mathematician Dr. Alan Turing, who imagined a game in which a human interrogator was connected electronically to a human and a computer in the next room. The interrogator's task was to pose a series of questions that determined which of the other participants was the human. The human helped him, while the computer did its best to thwart him.

Dr. Turing suggested that a machine could be said to think if the human interrogator could not distinguish it from the other human. He went on to predict that by 2000, computers would be able to fool the average interrogator over five minutes of questioning at least 30 percent of the time.

Although the Turing test, as it is now called, spawned a vibrant field of research known as artificial intelligence, his prediction has proved false. Today's computers are capable of feats Dr. Turing never imagined, yet in many simple tasks, a typical 5-year-old can outperform the most powerful computers.

Indeed, the abilities that require much of what is usually described as intelligence, like medical diagnosis or playing chess, have proved far easier for computers than seemingly simpler abilities: those requiring vision, hearing, language or motor control.

"Abilities like vision are the result of billions of years of evolution and difficult for us to understand by introspection, whereas abilities like multiplying two numbers are things we were explicitly taught and can readily express in a computer program," said Dr. Jitendra Malik, a professor specializing in computer vision at the University of California at Berkeley.

Dr. Manuel Blum, a professor of computer science at Carnegie Mellon who took part in the Yahoo conference, realized that the failures of artificial intelligence might provide exactly the solution Yahoo needed. Why not devise a new sort of Turing test, he suggested, that would be simple for humans but would baffle sophisticated computer programs.

Dr. Manber liked the idea, so with his Ph.D. student Luis von Ahn and others Dr. Blum devised a collection of cognitive puzzles based on the challenging problems of artificial intelligence. The puzzles have the property that computers can generate and grade the tests even though they cannot pass them. The researchers decided to call their puzzles Captchas, an acronym for Completely Automated Public Turing Test to Tell Computers and Humans Apart (on the Web at www.captcha.net).

Continued at http://www.nytimes.com/2002/12/10/science/physical/10COMP.html

 


Some FAS 133 Updates on Accounting for Derivative Financial Instruments and Hedging Activities

"A Pain in the FAS," by Jay Sherman, March 2002 --- http://www.kawaller.com/pdf/TRMMar02.pdf 

Ask Jay Fitzsimmons what he thinks about Financial market derivative holdings and record gains or losses into the profit-and-loss statement, has resulted in the execution of deals that are less than optimal. "There are a lot of good treasury deals that have to be rethought because they won’t get P&L treatment" under FAS 133, Fitzsimmons says.

He ought to know. Fitzsimmons, senior vice president of finance and treasurer at retail giant Wal-Mart Stores Inc., cites two seemingly similar derivatives transactions with like risk profiles that wound up getting very different accounting treatment for the Bentonville, Ark.-based company, thanks to FAS 133. The first involved a European subsidiary issuing debt through a swap. Last year, that deal—a £500 million, 30-year bond offering— generated a gain for Wal-Mart and received P&L treatment. Yet when Wal-Mart set up a British subsidiary solely to raise funds in Britain through a transaction that would swap U.S. dollars for sterling, FAS 133 rules said the emergence of the rule (T&RM, October 2001).


From Ira at http://www.kawaller.com/more_news.htm 

More Kawaller & Company in the News


Complete Book --- http://www.afponline.org/Information_Center/Publications/Principles_and_Practices_for_T/principles_and_practices_for_t.html 
Association for Financial Professionals

Principles and Practices for The Oversight & Management
of Financial Risk

Table of Contents

Acknowledgment

Chapter 1 - Introduction

Chapter 2 - Financial Governance and Oversight

  • The Role of Senior Management in the Risk Management Process

  • A Board Level Checklist for Risk Management

  • Policy and Control Guidelines

  • Organizational Roles and Responsibilities -- Centralized versus Decentralized Treasury Structures

  • Risk Measurement and Reporting

Chapter 3 - Accounting and Disclosure Developments

  • SEC Risk Disclosure Requirements

  • Financial Accounting Standards Board Proposed Standard for: Accounting for Derivatives and Hedging Activities

  • Significant Changes from Current Accounting and the Impact on Financial Risk Management

Chapter 4 - Other Issues in Financial Risk Management

  • Credit Risk Management

  • Enterprise-Wide Risk Management

Appendix I
SEC Market Risk Disclosure Rule -- Accounting Policy Disclosures

Appendix II
FASB - Proposed Standards for Accounting for Derivatives and Hedging Activities

 


Accounting Tax Rules for Derivatives --- http://www.investmentbooks.com/tek9.asp?pg=products&specific=joongngrm 
by Mark J.P. Anson
Publisher's Price: $150
ISBN#: 1883249694
Catalog #: B14982W


Accounting for Derivatives and Hedging --- http://www.amazon.com/exec/obidos/ASIN/0072440449/ref%3Dnosim/rbookshop-20/102-9630658-3132135#product-details 
by Mark A. Trombley (Paperback) 

  • Paperback: 240 pages

  • Publisher: McGraw-Hill/Irwin; 
    ISBN: 0072440449; (April 26, 2002)


The right tools for the job --- http://www.accountancysa.org.za/archives/2002aug/features/tools.htm 

Magnus Orrell is a Project Manager at IASB. For more information, visit www.iasb.org.uk.

The International Accounting Standards Board (IASB) issued proposals for improvements to the two international accounting standards on financial instruments that affect derivatives – IAS32 and IAS39 – in June. How will these proposals affect accounting for derivatives?


Greg Gupton's site is a major convergence point of research on credit risk and credit derivatives --- http://www.credit-deriv.com/crelink.htm 


Bob Jensen's tutorials on FAS 133 can be found at http://www.trinity.edu/rjensen/caseans/000index.htm 


Summary of Significant Differences between Japanese GAAP and U.S. GAAP  


The Accounting Guidefor Community Banks


Discover North Dakota --- http://www.discovernd.com/ 
Professor Chuck Harter's Homepage --- http://www.ndsu.nodak.edu/ndsu/charter/ 


Sharing Accounting Professor of the Week

J. EDWARD KETZ is associate professor of accounting in Penn State's Smeal College of Business Administration --- 
http://finance.pro2net.com/x36098.xml
 


There's another Bob Jensen in the world who seems to find a whole lot more time for fishing.

Bob Jensen is the host of the Fishing the Midwest television series, a series of television fishing shows that highlight fishing locations and techniques throughout the Midwest. He also writes a syndicated fishing column and does fishing seminars throughout the Midwest. He is a former fishing guide and tournament angler. Visit Bob's web site at www.fishingthemidwest.com.

 


Forensics software on display at an annual gathering of IT and security pros gives corporations more powerful tools to track workers' electronic exploits -- and even predict who's most likely to break the rules --- http://www.wired.com/news/infostructure/0,1377,56826,00.html 


Selected Articles from The Fall 2002 Edition (Volume 3) of the Journal of the Academy of Business Education (these are not online).  You can join the Academy and obtain this journal by contacting Jean Heck at Villanova --- http://www.cf.villanova.edu/faculty/jheck.html 
The Academy meets once each year in some very attractive site (Bermuda, Grand Tetons, Key West, etc.).

Assessing Marketing Journals:  A Mission-Based Approach pp. 70-86
by Jon M. Hawes and Bruce Keillor
This article has some nice comparative tables.

This paper examines academic journal quality within the marketing discipline.  Several prior studies have offered excellent information, yet many have not been widely circulated and some of the sources could be described as obscure.  By accepting the premise that these existing studies are fairly inclusive of the relevant respected journals within our field and that the research was reasonably rigorous in its preparation, it would seem appropriate to facilitate efforts to assemble and better utilize this knowledge.  A classification of criteria for examining journal quality is presented, results of a relatively exhaustive literature review are discussed, the "top" marketing journals are identified, a more complete list of fifty important journals is shown, and recommendations for using a mission-based approach to ranking marketing academic journals are provided.


Work Hours and Academic Performance pp. 99-105
by Marilyn Dutton and Omer Gokcekus

Abstract
This paper examines the relationship between work at jobs outside of class and academic performance at the college level.  In many respects working and non-working students are very similar.  However, when we examine the distribution of letter grades for the two groups, we find that work has a clear adverse impact on academic performance.  Working students are far less likely to earn A's and correspondingly more likely to earn D's or F's than their non-working classmates.  The results of a multinomial logit regression indicate that in addition to missing class, working is associated with a significantly reduced chance of making an A and an increased chance of earning a D or F (and consequently having to repeat the course).


Conclusion

The rise in the number of college students who work at jobs outside of class has inspired a body of research that looks at the effect that this work has on students' academic performance.  In most cases, these studies find a negative but small impact of work on academic performance.  In this paper, we take a slightly different approach from most of the previous literature and look at the descriptive statistics for our working students versus our non-working students.  Initially, comparison of group averages reveals very few differences.  However, when we examine the distribution of letter grades for the two groups, we find a clear negative relationship between work and academic performance.  Working students are far less likely to earn A's and correspondingly more likely to earn D's or F's than their non-working classmates.  We suspect that working has negative effects beyond the impact of simply missing class.  We test this hypothesis with a multinomial logit regression that includes a measure of the number of absences a student has accumulated and an indicator of whether the student works.  The results indicate that in addition to missing class, working students have a lower chance of making an A and a greater chance of earning a D or F (and consequently having to repeat the course).

Of course, these results indicate only a relationship between work and academic performance and do not affirm causality.  From a policy standpoint, an important extension of this work would be to determine the direct reasons for the poorer performance by working students.  In addition, it would be useful to know the degree to which the results are affected by the particular characteristics of the students.  The effects we see here may not be the same for all groups within the university.  Some students may be better able to handle the demands of combining outside jobs with class work, others less able.  For example, age and maturity may make some students better time managers while for others additional responsibilities such as childcare may magnify the adverse impact of work.  Knowing the answers to these questions would help the university to devise advising and financial aid programs that ensure the success of its students.

Bridging Liberal And Professional Education:  Management Studies And The Liberal Arts  pp. 1-7
by Kathy Gardner Chadwick and Mary Emery
Jensen Note:  This article describes a very limited management studies concentration in a high quality liberal arts college (St. Olaf in Northfield, Minnesota) that consists for three basic courses chosen from four options (basic economics, basic accounting, basic management, and basic finance) and two elective courses outside of business and economics.


Marilyn's Errors in Probabilities, Finance, and Education

Forwarded by Mark Shapiro

Marilyn Vos Savant publishes the popular "Ask Marilyn" column in Parade Magazine, which is distributed with the Sunday morning editions of many major newspapers. Marilyn's claims to fame are her high score on IQ tests that she took as a child (she claims to have the highest IQ on record), and her knowledge of probability theory. She frequently provides answers to counter intuitive probability questions posed by her readers, and her answers are almost always right. But like a lot of very intelligent people she sometimes overreaches when providing answers to questions where a correct response requires a knowledge of the facts as well as a keen intellect. In fact, software engineer Herb Weiner has made a specialty of catching errors in the columns that Marilyn has published. Here is recent pedagogical gaff by Marilyn.

Commentary of the Day - December 16, 2002: Don't Ask Marilyn! Marilyn Vos Savant publishes the popular "Ask Marilyn" column in Parade Magazine, which is distributed with the Sunday morning editions of many major newspapers. Marilyn's claims to fame are her high score on IQ tests that she took as a child (she claims to have the highest IQ on record), and her knowledge of probability theory. She frequently provides answers to counter intuitive probability questions posed by her readers, and her answers are almost always right. But like a lot of very intelligent people she sometimes overreaches when providing answers to questions where a correct response requires a knowledge of the facts as well as a keen intellect. In fact, software engineer Herb Weiner has made a specialty of catching errors in the columns that Marilyn has published. Here is recent pedagogical gaff by Marilyn.

In Marilyn's December 15, 2002 Parade Magazine column, reader Zina Yost Ingle of Vineland, N.J. asks the following: 

On a geometry test, Mary devises a set of steps to solve a problem. Her solution is shorter and more elegant than the method taught in class. If you were her teacher, how would you score her answer?

Marilyn responds: I'd ask her to solve the problem by the method that was taught. If she could, I would give her full credit plus extra credit for the extra solution. If she could not, I would give her no credit at all: She doesn't understand what was taught in class. Methods of teaching are not necessarily the shortest and most elegant. Instead, they may simply be a good way for students to learn the principles of the subject. Marilyn's knowledge of probability theory may be vast, but her understanding of teaching and learning is only half-vast. Mary clearly deserves full credit for her answer to the problem that the teacher posed; and, she should be praised for coming up with a shorter, more elegant solution. The reason is that the teacher did not ask that the problem be solved by any particular method, at least as far as the reader's question indicates. To be sure, a teacher may want to see if his or her students understand how a particular method works. In that case the question should be posed appropriately: "Using Gauss's Law show that ........". And, sometimes the teacher does want to check that the student is learning material covered in the course. In that case, the question can be posed as follows: "Using one of the methods that we have discussed in class, show that .......". However, in absence of such caveats, it seems to the IP that we advance Mary's education far more by praising her correct (and creative) answer than by punishing her because she dared to walk outside the lines of a rigid pedagogy.

Note from Bob Jensen Herb Weiner's links to genuine calculation errors by Marilyn are at http://www.wiskit.com/marilyn.html  
This is highly educational reading. I thank my lucky stars that Herb Weiner does not take out after Bob Jensen's stuff.

December 16 reply from Patricia Doherty [pdoherty@BU.EDU

Unfortunately, Marilyn's answer to this reflects the "memorize and regurgitate" school of thought in education. Give them a long list of material to memorize, put a part of the list on the exam, and if they pass, they've "learned." I would have expected someone who is supposed to be "intelligent" and "creative" to have recognized that education is more than that, but I guess I gave her too much credit. Despite the efforts many, many educators have made to turn education into a collaboration, and into an exercise in thought and analysis, I guess some people still "don't get it." Those with young children still going through "the system" can only hope for a few of this latter in their children's future - hopefully in time so the children's minds aren't "turned off" to the process.

December 16, 2002 reply from Speer, Derek [d.speer@auckland.ac.nz

This story reminds me of something which happened to my daughter Amanda earlier this year. She is extremely bright and has a MA (Honours) and was studying for a grad Teaching Diploma (basically a requirement for licensing as a high school teacher). She had an assignment which, in part, required demonstrating to a freshman French class the difference between sur (on) and sous (under). The lecturer in charge, an experienced 60ish former high school teacher had suggested using a drawing showing one child standing on a table and another one under it.  My daughter, who is not good at drawing, elected to do a demo using puppets instead, and got an F for her pains. She then drew the poster as suggested and got an A on resubmitting it. Obviously this guy, like Marilyn, is a natural stifler of creativity. Amanda learned one thing from this, when Jim says "jump though a hoop" you jump through it, not decide that you may have a better way.

Derek


Question
What are the CERIAS programs in assurance services?

Answer
Certified Public Accountants over the past decade have be actively promoting the branching out of financial attestation services (especially auditing) into wider ranging "assurance services."  Especially noteworthy is the new service SysTrust where pubic accountants in the U.S. and Canada have partnered to extend assurance services into the areas of computing services and information systems.  For details and links, see http://www.trinity.edu/rjensen/ecommerce/000start.htm#AssuranceServices 

I mention this because, unlike auditing services by public accountants, where there is an SEC-mandated monopoly under SEC rules, there is no such monopoly on extended assurance services.  In assurance services other than auditing, CPAs face increasing competition from other professional bodies.  One such area is in the entire area of Information Assurance and Security.  I mention this, because an education and training center at Purdue University is generating courses and graduates in a program that is not a part of the Accounting Department or the School of Business.  I will now briefly summarize the CERIAS Center at Purdue University --- http://www.cerias.purdue.edu/ 

What I found interesting is the extent to which students can get both MS and PhD degrees in Information Assurance and Security.

The Center for Education and Research in Information Assurance and Security, or CERIAS, is the world's foremost University center for multidisciplinary research and education in areas of information security. Our areas of research include computer, network, and communications security as well as information assurance.

Mission Statement 
To establish an ongoing center of excellence which will promote and enable world class leadership in multidisciplinary approaches to information assurance and security research and education. This collaboration will advance the state and practice of information security and assurance. The synergy from key members of academia, government, and industry will promote and support programs of research, education, and community service.

Vision Statement 
The Center for Education and Research in Information Assurance and Security will be internationally recognized as the leader in information security and assurance research, education, and community service.

Internal Vision 
Build a well-supported community of scholars actively involved in: Evolution and offering of educational programs in information assurance and security. Solving fundamental questions of science, engineering and management as they relate to information security and assurance. Transfer of expertise and technology to organizations with real world needs. Assuming leadership roles in appropriate community and government organizations. Activities to enhance the public's understanding and acceptance of information protection. To accomplish this, the Center promotes research, education and community service programs in conjunction with various key groups. It also brings synergy to these diverse groups (consisting of members from academia, government agencies and industrial partners) to advance the philosophy of information security and assurance.

Education
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