The Institute of Management Accountants Foundation for Applied Research plans to provide nearly $100,000 in funding to two new research projects in management accounting.

The recipients this year are Marc J. Epstein of Rice University for research on improving corporate responsibility decisions and V. Kumar of the University of Connecticut School of Business for research on using customer lifetime value to acquire, retain and win back profitable customers.

IMA's FAR program provides grant funding to conduct, support and disseminate relevant management accounting research, covering topics such as budgetary control, knowledge sharing, pay for performance, internal controls and risk management.

Academics and doctoral students are eligible to receive grants. For more information, visit the IMA's Web site at http://www.imanet.org/far.

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