Management accounting educator receives Lifetime Contribution Award

Stanley Baiman received the 2014 Lifetime Contribution Award from the AICPA and the American Accounting Association.

The award recognizes individuals who have made an important mark on management accounting education, research, and practice. Baiman was honored for his 30-plus years of research and teaching of key management accounting issues, including those relevant in interfirm contracting problems.

He is the William H. Lawrence Emeritus Professor at the Wharton School, University of Pennsylvania, and adjunct professor at Bocconi University in Milan, Italy. His key areas of research and teaching include incentive mechanisms within firms and within supply chains. Among the topics he has studied are the design of multistage capital budgeting systems, internal transfer-pricing systems, supply chain monitoring and contracting, and inventory buffers.