FARS Innovation in Financial Accounting Education Award

The Innovation in Financial Accounting Education Award is conferred annually to an individual or a group of individuals (at least one of which must be a section member), and is intended to:

  • Encourage innovation that improves financial accounting education, and
  • Recognize significant programmatic changes or significant activities, concepts, or educational materials that can be adopted by others within the academy.

This award is given in recognition of an innovation, which may have been developed and implemented over a several-year period. Examples of such innovations could be:

  • Educational research aimed at better understanding the outcomes associated with methods or delivery of financial accounting courses and/or improving the delivery of financial accounting courses
  • A new framework or paradigm for a financial accounting course
  • Original instructional resources (including financial accounting and reporting cases)
  • Course material that allows instructors to better incorporate research into their teaching

The award recipients must be willing to share unpublished instructional materials with the Section's membership.

Criteria used to judge submissions for this award include, but are not limited to, the following:

  • Innovation (i.e., something new or different that increases student interest in the study of financial accounting or that improves the effectiveness and efficiency of financial accounting education.)
  • Evidence of the educational benefits or value as the result of the innovation; and
  • Adaptability by other educational institutions

The award carries with it a $1,500 cash prize and an engraved plaque for the winner. The winner is announced and recognized at the Section's luncheon during the AAA Annual Meeting in year of the award.

FARS members may submit nominations by March 1.  The nominations should be submitted to the chair of the Innovation in Financial Accounting Education Award committee chair (Dina El-Mahdy: dina.elmahdy@morgan.edu).  That committee will select a winner of the award.

Innovation in Financial Accounting Education Award

2021 Stephen Penman, George O. May Professor of Financial Accounting, Columbia University
2018 Mahendra Gujarathi, Rae D. Anderson Professor of Accountancy, Bentley University
2017  Professor Charles M. C. Lee, The Moghadam Family Professor and Professor of Accounting, Stanford University
2016  Professor G. Peter Wilson, Joseph L. Sweeney Chair, Boston College

President's Letter

Dear FARS Members and Visitors,

The Financial Accounting and Reporting Section represents a diverse group of academics who, using a variety of research and teaching approaches, deepen our understanding of how financial reporting shapes the business world. We aim to advance research, education and professional practice of financial reporting and analysis.

Our Steering Board is responsible for the stewardship of the section. In these uncertain times, FARS’s leadership and its Steering Board are committed to meeting our members’ needs and maintaining the vibrancy of the section. However, to do that, we rely crucially on volunteers. For example, the research coordination of the 2021 annual meeting reflected the voluntary efforts of Ed Owens and Joe Schroeder—our sincere thanks to both of them. That meeting, as well as the very successful virtual midyear meeting during January 2021, also reflected the combined efforts of hundreds of members, who submitted papers, reviewed submissions, organized sessions, moderated, discussed papers and presented. Please consider volunteering for the section when our “call for volunteers” arrives in your email in-box.

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Journal of Financial Reporting

The Journal of Financial Reporting (JFR) is the academic journal of the Financial Accounting and Reporting Section of the American Accounting Association. 

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Call for Papers

FARS and Journal of Financial Reporting: 2nd Annual Research Mini-Conference

March 3, 2022 - Virtual

Submission Deadline: September 1, 2021

Midyear Meeting

PowerPoint Slides from FASB Update at 2021 FARS Midyear Meeting

FARS Research Objectives:

  • A. to encourage, facilitate, and publicize research in financial accounting and reporting.
  • B. to communicate interests, intentions, and actual work-in-process in the area.
  • C. to identify areas in need of research.
  • D. to provide opportunities for public exposure of research results through AAA meetings (annual, regional, and special meetings devoted solely to financial accounting and reporting) and publications (including working papers and a separate journal for financial accounting and reporting, if warranted).