By Grace Beck, student writer
Recognized for making significant contributions to management accounting through research and education, Broad College of Business Schaberg Endowed Chair in Accounting Emeritus Mike Shields has received the 2018 American Accounting Association Lifetime Contribution Award.
“Professor Shields’s lifelong research and teachings have provided management accountants in both practice and academia with valuable insights on important business issues,” stated Naomi Soderstrom, chair of the selection committee for the award and past president of the Management Accounting Section of the AAA. “This award also acknowledges Mike’s substantial contributions to our profession worldwide.”
The AAA Lifetime Contribution Award honors a professional or academic for his or her career of scholarly endeavors, teaching excellence, educational innovation, and service.
“My greatest achievements are my contributions to scientific research on management accounting, including budgeting, controls, performance measurement, and performance-contingent incentives,” said Shields.
His achievements also include:
- Publishing research on how management accounting can increase organizations’ success
- Editing scholarly journals for
- Professional accounting organizations, including American Institute of Certified Public Accountants, Institute of Management Accountants, and Charted Institute of Management Accountants.
- Academic organizations, including American Accounting Association and European Accounting Association.
- Publishing articles on how to improve management accounting research
His current research focuses on how to improve budgeting in organizations, as well as identifying strategies to improve future research on management accounting.
With Shields stepping back from his student-facing role at the Broad College in retirement, he shared some advice for the next generation of accountants.
“Be prepared for important environmental changes that are increasingly impacting accounting, including evolving smart and digital technologies, continuing globalization of accounting, and emerging forms of regulation,” he said.