The American Accounting Association’s management accounting section honored Joel Demski, Ph.D., with the 2010 Lifetime Contribution Award for his work on applications of information economics and agency theory.

Sponsored by the American Institute of CPAs, the award was presented during the 2011 AAA management accounting section’s mid-year meeting by Paul Parks, senior technical manager of the AICPA’s business, industry and government membership section. Parks also presented an AAA Greatest Potential Impact on Practice Award to Eddy Cardinaels, Ph.D., and Eva Labro, Ph.D., for their paper, “On the Determinants of Measurement Error in Time-Driven Costing."

Demski's award recognizes “individuals who have made an important mark on management accounting education, research and practice.”

Demski, Frederick E. Fisher Scholar at the University of Florida, has had work published in 60 journal articles, five books and 25 papers, including Information Analysis, Managerial Uses of Accounting Information and Managerial Uses of Accounting Information: Second Edition.

A 2000 Accounting Hall of Fame inductee, Demski was awarded the Seminal Contributions in Accounting Literacy Award in 1994 for his Accounting Review article, “Economic Incentives in Budgetary Control Systems,” and the AICPA’s Award for Outstanding Contributions to Accounting Literature twice—in 1967 for his paper “An Accounting System Structured on a Linear Programming Model” and in 1970 for “The Use of Models in Information Evaluation.”

He also received the Outstanding Educator Award from the AAA in 1986.

Demski previously taught as a professor at Yale and Stanford universities and received his Ph.D. from the University of Chicago and an M.B.A. and a B.S.E. in engineering from the University of Michigan.