Wednesday, June 21, 2006
USI accounting professor receives award for manuscript
 Dr. Eva Jermakowicz, professor of accounting for the College of Business, has received a Certificate of Merit from Strategic Finance magazine for an article she coauthored entitled “European Accounting Revolution and Its Implications.”The flagship publication of the Institute of Management Accountants, Strategic Finance reaches more than 64,000 financial executives each month. Awards were announced today at a luncheon during the IMA 87th Annual Conference and Expo in Las Vegas. Kathy Williams, editor of Strategic Finance, said the journal receives 300 to 350 manuscripts each year. Approximately 10 percent are accepted for publication. Each article undergoes a rigorous technical review by three independent reviewers who individually grade the manuscripts. Certificates of Merit are awarded to authors of the highest-rated manuscripts. Jermakowicz and co-author Dr. Sylwia Gornik-Tomaszewski, assistant professor of accounting at St. John’s University in Queens, New York, are among 16 writers of 12 articles recognized this year in the competition. The two met about 10 years ago in Chicago at a seminar on international accounting organized by the American Accounting Association and have collaborated on other papers since that time. Their manuscript on International Financial Reporting Standards (IFRS) appeared in the March issue of Strategic Finance with the headline “IFRS and You. What are the implications of the European accounting revolution?” In 2003-04, Jermakowicz was a Fulbright Scholar in Brussels, Belgium, under the European Union Affairs Research Program for the project “Convergence of National Accounting Practices with International Financial Reporting Standards in the European Union. The article for Strategic Finance was based on her research for that project. A European Union regulation has required all publicly traded companies to prepare their consolidated financial reports since 2005 in accordance with International Financial Reporting Standards enacted by the International Accounting Standards Board located in London. “As a result of this regulation, it is estimated that more than 90 countries will require or allow public companies to report under IFRS,” Jermakowicz said. “The article describes the implications of this regulation for U.S. capital markets, companies, and the accounting profession.” Jermakowicz is the principal author of other papers she will present on IFRS topics at professional conferences in Washington, D.C., and Istanbul, Turkey, later this year. She will present her research “The Impact of Adoption of IFRS: Evidence from Early Adopters in Europe” at the annual meeting of the American Accounting Association. The conference will be held August 6-9 in Washington. During the World Congress of Accounting Educators, she will make two presentations: “The Value Relevance of Accounting Income Reported by DAX-30 German Companies” and “International Accounting Convergence on Foreign Currency Translation: IFRS Compared to Australian IFRS and US GAAP (Generally Accepted Accounting Practices).” The World Congress will be held November 9-11 in Istanbul. In addition, she will co-author the 2007 edition of the book Interpretation and Application of International Financial Reporting Standards, published by Wiley. Jermakowicz wrote a column on the worldwide impact of the Sarbanes-Oxley Act of 2002 for the first issue of Evansville Business Journal in December 2004. That article also was based on her Fulbright research. |
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