AICPA invites proposals for management accounting research grants.

The AICPA is inviting members to submit proposals for research grants as part of its continuing program to provide thought leadership in management accounting in collaboration with the American Accounting Association's Management Accounting Section. Proposals must be submitted by Mar. 31.

"Management accounting is critical to the Institute and its mission of serving the public interest," said John Morrow, vice president for members in business, industry and government. "More than 40% of our members work in public, private and non-profit organizations."

"In 2006, we funded three proposals for research projects in the area of financial and non-financial performance measures," said Kenneth Witt, AICPA technical manager. "We think that all three of these projects will have significant implications for the accounting practice, consistent with our objective of improving the quality of information increasingly being demanded for enhanced business reporting," added Witt. "While we continue to encourage research in areas that bridge the fields of management accounting and financial reporting, we have now cast a wider net, seeking proposals in three broad areas"

The AICPA will fund one or more projects with grants up to $50,000. Members of the AAA Management Accounting Section will submit proposals for research in strategic management, performance management and risk management.

The AICPA will select the winning proposal in Apr. and is seeking to have the research completed by July 2008. The researchers will be expected to produce a final report, a paper intended for publication in a major academic journal and an article for the Journal of Accountancy. Proposal guidelines may be found at www.aicpa.org/fmcenter.