New Orleans (Jan. 11, 2013) – The American Institute of CPAs (AICPA) and Chartered Institute of Management Accountants (CIMA) are pleased to announce the recipients of the Greatest Potential Impact on Management Accounting Practice Award for 2012. The award goes to Ramji Balakrishnan, Eva Labro and Konduru Sivaramakrishnan for their paper, “2012. Product costs as decision aids: An analysis of alternative approaches (Parts 1 and 2),” which was published in Accounting Horizons.
Anne Farrell, PricewaterhouseCoopers endowed assistant professor, chair in accountancy, Farmer School of Business, Miami University, Miami, chair of the selection committee and the AAA’s Management Accounting Section’s liaison to the Institute’s business & industry executive committee at the 2013 AAA Management Accounting Section’s mid-year meeting presented the award.
The award recognizes academic papers that are considered to most likely have a significant impact on management accounting practice. It is sponsored by the AICPA and CIMA, who are working to elevate management accounting around the world and together created the Chartered Global Management Accountant (CGMA) designation to distinguish professionals who excel in the field. Eligible papers must have been published within the previous five years and submitted by the authors, or nominated by peers. The sponsorship value is $2,000 per award.
The award was created in 2009 to support the next generation of management accounting researchers and to recognize the importance of research to practice and the profession. Management accounting is a core discipline for the Institute’s members in business, industry and government.
“The fresh insights discussed in these award winning papers demonstrate the importance of supporting continued research in the practice of management accounting,” said Jim Morrison, CPA, CGMA, chief financial officer of Teknor Apex Company and chair of the AICPA’s Business & Industry Executive Committee. “Management accountants will be able to add significant value to their companies by better understanding the different types of product costing systems, as discussed in Ramji’s, Eva’s and Konduru’s research.”
The research conducted by Balakrishnan, Labro and Sivaramakrishnan revolves around ways to develop a common platform to characterize several popular approaches for computing product costs. It compares four kinds of product costing systems: traditional volume-based systems, activity-based costing systems, time-driven activity-based costing systems, and resource consumption accounting.
Ramji Balakrishnan is the Carlson-KPMG Research Professor of Accounting, at the Tippie College of Business, University of Iowa, Iowa City. He received his Ph.D. in Accounting, Columbia University, N.Y., N.Y.; his MBA from the Indian Institute of Management, India; and BSc in Statistics, University of Madras, Tamil, Nadu, India.
Eva Labro is an associate professor of accounting at the Kenan-Flagler Business School, University of North Carolina, Chapel Hill, N.C. She received her Ph.D. from the Catholic University of Leuven in Belgium. She obtained her masters in commercial and business economics engineering (summa cum laude), a degree in business engineering (cum laude) and a teaching qualification from the Catholic University of Leuven.
Konduru Sivaramakrishnan is professor and Bauer endowed chair at the C.T. Bauer College of Business, University of Houston, Houston. He received his Ph.D. in Accounting and Information Systems from the Kellogg Graduate School of Management at Northwestern University, Illinois. He earned his MBA from Xavier Institute, Jamshedpur, India and an undergraduate degree from the Indian Institute of Technology, Madras, India.