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Maharishi University of Management PhD student receives grant, publishes scholarly paper

Maharishi University of Management, USA - The Review    Translate This Article
27 January 2012

Manjunath Rao, a PhD student at Maharishi University of Management in the USA, continues to receive recognition for his research on lean accounting. Most recently he received a $4,000 grant to support his research and coauthored a paper with professor Andrew Bargerstock that was published in the fall 2011 issue of Management Accounting Quarterly, the refereed online journal of the Institute for Management Accountants (IMA).

Mr. Rao is studying why organizations that have adopted lean manufacturing are not also adopting lean accounting methods. His published paper presents the theory and plan for his dissertation, which will address why a majority of manufacturers continue to use the older traditional standard cost accounting methods even as they adopt lean manufacturing.

He will attempt to understand the nature of this discrepancy, and to demonstrate the need for companies to become more current in the way they do business.

The system of lean management focuses on adding value to customers while streamlining operations and eliminating waste. It grew out of management principles used by the Toyota Motor Corporation.

Mr. Rao said he is very pleased with all of the support the IMA has given him for this research.

''The IMA helped me in collecting data for my research by sending out the survey questionnaire to their members, and last June they invited me to participate in their 92nd Annual Conference at Orlando, Florida.''

In September, 2011, he was recognized nationally as one of two PhD students who were awarded the Lean Accounting Student of the Year at the seventh annual Lean Accounting Summit in Orlando, sponsored by the nonprofit Lean Enterprise Institute.

And in December, he received a $4,000 research grant from the IMA Research Foundation Doctoral Student Grant Program. The Program is designed to assist accounting doctoral students who are pursuing research that has the potential to contribute to the management accounting profession. 

''Manjunath's research has garnered significant attention by experts in the field of lean accounting,'' said Dr. Bargerstock, Mr. Rao's dissertation adviser. ''We are very pleased with the progress of his dissertation.''

This is Mr. Rao's first published article. ''I am really thrilled to have my article published even while working on my dissertation,''  he said. ''This has made it easier for me to establish relevance for my research in addressing issues currently faced by the management accounting profession.''

Mr. Rao is a certified Cost and Works Accountant (CWA) from India, and a certified management accountant (CMA), with MBA and Master's in Accountancy (MSA) degrees from U.S. universities. He hopes to complete his PhD in management by June.

© Copyright 2012 Maharishi University of Management

Global Good News comment:

* Maharishi University of Management in Fairfield, Iowa, USA features Consciousness-Based Education to develop students' inner potential while they pursue their academic studies. All students, faculty, and staff practice the Transcendental Meditation program, which has been shown through extensive published research to boost learning ability and inner creativity, improve brain functioning, and reduce stress—while it creates an academic environment renowned not only for developing profound knowledge but for an extraordinarily creative, harmonious, and enriching quality of life.

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