Management Accounting Research article receives prestigious Management Accounting Research Award

November 17, 2008

Oxford, UK, 17 November 2008 - Elsevier announced today that the paper 'CEVITATM: the valuation and reporting of strategic capabilities', published in Management Accounting Research (, has received the Management Accounting Section (MAS) of the American Accounting Association (AAA) Greatest Potential Impact on Practice Award.

The article, published in Volume 15, Issue 1, March 2004, was written by Janek Ratnatunga, Norman Gray, and Kashi R. Balachandran. The award is sponsored by the Management Accounting Section (MAS) of the American Accounting Association, the American Institute of Certified Public Accountants (AICPA), the Chartered Institute of Management Accountants (CIMA) and the Certified Management Accountants-Canada (CMA-Canada).

The "new types of measurements" that are needed for both tradable and non-tradable assets in order for organisations to meet the challenges present at the corporate, national and international levels, especially in the areas of strategic decision-making and valuation are explored in this article. The article states that the focus of attention in recent studies has been mainly on the valuation of intangibles, and argues that such a focus misses the point that it is the combination of both tangible and intangible assets that provide an organisation a true 'capability' that ultimately drives its economic value.

The approach proposed is to calculate the Capability Economic Value of Intangible and Tangible Assets (CEVITA) of an organisation, by leveraging its capability enhancing expenses to economic values by using specific Expense Leveraged Value Indexes (ELVIs). The authors illustrate a technique that will not only make these strategic valuations more relevant, but also shows how to report these tangible and intangible asset combinations in an organisation's financial statements.

The Editor of Management Accounting Research, Professor Robert W. Scapens of Manchester Business School, United Kingdom commented "This paper and the award it has received demonstrate the potential for bridging the gap between academic research and professional management accounting practice. I'm delighted Management Accounting Research has published this award winning paper."
More information about the journal and submission of papers can be found on the journal homepage.

About the Award

The Greatest Potential Impact Award is one of two new awards sponsored by AICPA, CIMA, CMA-Canada and MAS-AAA. The award is presented annually at the Midyear Meeting of the Section to the author, or authors, of a single article with the greatest potential impact on practice. The article must have been published within the previous five years, and is selected by practitioner representatives from the organizations involved.

About Management Accounting Research

Published quarterly, Management Accounting Research aims to serve as a vehicle for publishing original research in the field of management accounting. Its contributions include case studies, field work, and other empirical research, analytical modelling, scholarly papers, distinguished review articles, comments, and notes. It provides an international forum for the dissemination of research, with papers written by prestigious international authors discussing and analysing management accounting in many different parts of the world.

Editor-in-chief Robert Scapens is emeritus professor in the Manchester Business School and professor of management accounting at the University of Groningen in the Netherlands.

Authors are invited to submit their work to Management Accounting Research by uploading their manuscript to the journal's on-line submision site at, where they will find step-by-step instructions guiding them through the process. More information on submission can be found on the journal homepage (

About Elsevier

Elsevier is a world-leading publisher of scientific, technical and medical information products and services. Working in partnership with the global science and health communities, Elsevier's 7,000 employees in over 70 offices worldwide publish more than 2,000 journals and 1,900 new books per year, in addition to offering a suite of innovative electronic products, such as ScienceDirect (, MD Consult (, Scopus (, bibliographic databases, and online reference works.

Elsevier ( is a global business headquartered in Amsterdam, The Netherlands and has offices worldwide. Elsevier is part of Reed Elsevier Group plc (, a world-leading publisher and information provider. Operating in the science and medical, legal, education and business-to-business sectors, Reed Elsevier provides high-quality and flexible information solutions to users, with increasing emphasis on the Internet as a means of delivery. Reed Elsevier's ticker symbols are REN (Euronext Amsterdam), REL (London Stock Exchange), RUK and ENL (New York Stock Exchange).


Related Focus Articles from Brightsurf:

To protect nature's benefits, focus on people
New paper calls for the consideration of people's diverse needs in order to develop effective nature-based policies and investments in ecosystems.

How to tune out common odors and focus on important ones
Quantitative biologists at CSHL have figured out how a fly brain learns to ignore overwhelmingly prevalent, mundane odors to focus on more important ones.

Praise, rather than punish, to see up to 30% greater focus in the classroom
To improve behavior in class, teachers should focus on praising children for good behavior, rather than telling them off for being disruptive, according to a new study published in Educational Psychology.

Smart glasses follow our eyes, focus automatically
By using eye-tracking technology to automatically control a pair of autofocus lenses, engineers have created a prototype for 'autofocals' designed to restore proper vision in people who would ordinarily need progressive lenses.

More sleep may help teens with ADHD focus and organize
Teenagers with attention deficit hyperactivity disorder (ADHD) may benefit from more sleep to help them focus, plan and control their emotions.

Money-savers focus attention -- and eyes -- on the prize
Why can some people patiently save for the future, while others opt for fewer dollars now?

Local focus could help tackle global problems
People's love for their local areas could be harnessed to tackle global environmental problems, researchers say.

How the brain enables us to rapidly focus attention
University of Queensland researchers have discovered a key mechanism in the brain that may underlie our ability to rapidly focus attention.

Flying focus: Controlling lasers through time and space
Scientists have produced an extremely bright spot of light that can travel at any speed -- including faster than the speed of light.

Previously grainy wheat genome comes into focus
An international consortium has completed the sequence of wheat's colossal genome.

Read More: Focus News and Focus Current Events is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to