Two from the Management Department at Maharishi University of Management have received awards from top professional organizations in lean accounting in the last two years: Dr. Bargerstock received a teacher-of-the-year award, and Manjunath Rao received a national student-of-the-year award.
by Maharishi University of Management, Fairfield, Iowa, USA, The Review
17 October 2011
Manjunath Rao, a Ph.D. student in management at Maharishi University of Management , received one of two national student-of-the-year awards from the Institute of Management Accountants and the Lean Enterprise Institute.
According to professor Andy Bargerstock, these are the two leading organizations in the area of lean accounting.
Mr. Rao was chosen because of the importance of his dissertation research project: a survey of the members of these organizations to determine how many have actually replaced traditional cost accounting with the more state-of-the-art lean system of accounting. In addition, his survey will explore why companies haven't yet adopted this system.
"Over the years it's often been noted that no one knows how widely this has actually been adopted," Dr. Bargerstock said. "This is the first time that anyone will be empirically studying whether the practice is equal to theory."
Dr. Bargerstock has himself received a teacher-of-the-year award from these organizations. "These two awards from the top professional organizations in lean accounting really put us on the map," Dr. Bargerstock said. "It's highly unusual that we've received two awards in two years."
Mr. Rao received his award during the 2011 Lean Accounting Summit held last month in Florida. One of Mr. Rao's dissertation committee members, Dr. Sandra Richtenmeyer, who is the outgoing president of the national IMA organization, arranged for free summit registration for Mr. Rao as well as $500 toward travel and lodging.
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