Financial Accounting and Reporting Section Lifetime Achievement Award The Financial Accounting and Reporting Section (FARS) of the American Accounting Association (AAA) has established a lifetime achievement award. The purpose of the award is to recognize an individual’s achievements in outstanding thought leadership in financial accounting research over the course of his/her career. The Award will not be given with any specific periodicity but rather when an eligible recipient is identified. The FARS Steering Board shall be solely responsible for the selection of the Award Recipient(s) using the following selection criteria: Candidates must be viewed as trailblazers, whose research has opened new areas of study and has reshaped the thinking of the academic community in a fundamental way. The candidates’ works that sowed the seeds for award consideration must have been published at least 20 years prior to the year in which the award will be bestowed. Consideration for the award will be based on the cumulative impact the candidates’ works have had and continues to have on academic thought. A candidate must receive the support of at least 75% of the FARS Steering Board members (11 out of 14 members) to be given the award. The name of any award winner(s) will be announced and the winner(s) will be recognized and presented with a citation at the FARS Midyear Meeting. Given the listed criteria, the expectation is that the choice of the award winner is likely to be uncontroversial and would be viewed as a celebration of path-breaking contributions to financial accounting research, with the award given only when a candidate meets the criteria. FARS members may submit nominations of candidates meeting the above criteria to the chair of the Lifetime Achievement & PhD Mentoring Awards Committee by March 1. The chair of the committee is Ewa Sletten (sletten.2@osu.edu). Nominated candidates not selected for the award to be given in the following Midyear meeting may be considered by the FARS steering board for a future award. Lifetime Achievement Award Winners 2022 Stephen Penman, Columbia University 2021 Professor Jack Hughes, Emeritus Professor of Accounting, University of California - Los Angeles 2020 Professor Jerry Zimmerman, Professor Emeritus, Ronald L. Bittner Professor of Business Administration, University of Rochester 2019 Professor Daniel W. Collins, Henrey B. Tippie Research Chair in Accounting, University of Iowa 2018 Professor Richard Sloan, Professor of Accounting, University of Southern California 2016 Professor Mary E. Barth, Joan E. Horngren Professor of Accounting, Stanford University 2015 Professor Robert E. Verrecchia, Elizabeth F. Putzel Professor of Accounting, University of Pennsylvania 2014 Professor Ray Ball, Sidney Davidson Distinguished Service Professor of Accounting, University of Chicago 2013 Professor William H. Beaver, Joan E. Horngren Professor of Accounting, Emeritus, Stanford University Professor Ross L. Watts, Erwin H. Schell Professor of Management, Massachusetts of Institute of Technology President's Letter Kristi Rennekamp 2023-2024 FARS Section President Dear FARS Members and Visitors, The Financial Accounting and Reporting Section was created in 1993 with 49 members as a provisional section of the AAA. The section has since grown to around 1,500 members from around the world! As we head into our 30th year, this is truly an exciting time to be involved with FARS. In just the past few years, the section has launched initiatives with a focus on (1) integrating research and practice, (2) mentoring junior faculty, and (3) prioritizing diversity and inclusion. This year we will continue these initiatives and look for ways to expand them further in order to best serve our section members. The mission of FARS is enduring, and calls for us “to give greater attention to financial accounting and reporting, and to improve the effectiveness and efficiency of education, research, and professional practice by: (1) disseminating and evaluating teaching methods and materials; (2) encouraging, facilitating, and publicizing research interests and projects; and (3) creating opportunities for interchange and cooperation between academics and practitioners.” Continue Reading Journal The Journal of Financial Reporting (JFR) is the academic journal of the Financial Accounting and Reporting Section of the American Accounting Association. Learn More Research Call for Participants FARS and JFR 3rd Annual Research Proposal Conference (Remote Format) September 21–22, 2023 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).
