Manjunath Rao, a Ph.D. student in MUM’s Management Dept., received one of three 2011 Excellence in Lean Accounting awards sponsored by the Lean Enterprise Institute (LEI) at the seventh annual Lean Accounting Summit in Orlando this fall. The awards were presented to an accounting professor, Dr. Sandra Richtenmeyer, and two Ph.D. students, Dan Harris and Manjunath Rao. Dr. Sandra Richtenmeyer is the outgoing president of the national Institute of Management Accountants (IMA) and, coincidentally, one of Manjunath’s dissertation committee members.
Manjunath earned the award on the basis of his dissertation research project, in which he surveyed the members of the two leading organizations in lean accounting–the Institute for Management Accountants and the Lean Enterprise Institute–to determine how many have actually replaced traditional cost accounting with the state-of-the-art system of lean accounting. Manjunath’s dissertation also addressed why many manufacturing companies continue to use cost accounting, even when they adopt lean manufacturing. This is the first time that anyone has empirically studied this phenomenon to see whether the practice is equal to theory.
This is MUM’s second award from LEI in two years, the first being the 2009 Excellence in Lean Accounting Professor Award given for my initiatives in implementing lean accounting in the classroom. In the past year, enrollment has grown in our Specialty program in Lean Accounting and in our Post-Graduate Certificate program in Lean Accounting.