Education

BY JOURNAL

Shyam Sunder is the recipient of this years Notable Contributions to Accounting Literature Award for his book, Theory of Accounting and Control (South-Western Publishing, Cincinnati, 1997).

The literature award, the winner of which is selected each year by a joint committee of the AICPA and the American Association of Accountants (AAA), was presented to Sunder at the annual meeting of the AAA in New Orleans.

The book is a synthesis of the different areas of accounting theory. It also offers a wide variety of readers (undergraduate and graduate students, faculty and business people) a method to examine how principles of accounting operate within an organization.

An underlying premise of the book is that an organization is a system of contracts. Accounting is a process for implementing and enforcing those contracts. It is the structure that holds an organization together and the mechanism that makes sure it functions.

Sunder, who also won the award in 1982 for an article he co-authored with Nicholas Dopuch (FASBs Statement on Objectives and Elements of Financial Reporting: A Review), is the Richard M. Cyert Professor of Management and Economics at Carnegie Mellon University.



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