CMA Management article garners Award of Merit.

A two-part article originally published in CMA Management appears in the 2004 Articles of Merit publication released by the International Federation of Accountants (IFAC). "Budgeting--an unnecessary evil" by R. Murray Lindsay, CMA, and Theresa Libby, CA, which originally appeared in the March and April 2003 editions of CMA Management, was selected for publication.

The Professional Accountants in Business committee (PAIB) of IFAC conducts an annual competition that gives international exposure to articles that are judged to have made a distinct and valuable contribution to the advancement of the field of management accounting. Articles are nominated by IFAC member body journal editors and are assessed by an international panel of judges.

The booklet can be downloaded at www.ifac.org.