EandB Connect : Issue 13 Nov 2010
THE FACULTY OF ECONOMICS AND BUSINESS ALUMNI MAGAZINE 2010 12 ACCOUNTING HALL OF FAME in Accounting Hall of Fame Chambers acknowledged EMINENT PROFESSOR, RAY J Chambers, Foundation Professor of Accounting at the University of Sydney, was recently named as an inaugural inductee into the Australian Accounting Hall of Fame. The Accounting Hall of Fame award, established by the University of Melbourne, recognises individuals who are making or have made a significant contribution to the advancement of accounting in Australia and none were considered more worthy than Chambers - often described by his 20th century peers as an international accounting pioneer. Chambers was inducted in to the Hall of Fame at a ceremony in Melbourne last month alongside four other internationally recognised scholars. These included former CPA Australia National President, Elizabeth Alexander; Ernst &Young founder Alex Fitzgerald; University of Western Australia Emeritus Professor, Philip Brown, and Emeritus Professor Reg Gynther of the University of Queensland. The Dean of the Faculty of Economics and Business and long time colleague of Chambers, Professor Peter Wolnizer joined the Chair of the Discipline of Accounting, Professor Graeme Dean, at the Gala event which formally announced the establishment of the first accounting hall of fame of its kind in Australia. Accounting halls of fame also exist in China and at Ohio State University in the US, which celebrated its 60th anniversary this year. Interestingly, Ray Chambers was the first Australian to be inducted into the Ohio hall, in 1991. As well as recognising a number of outstanding accounting scholars, the event also provided an important opportunity to recognise the long and distinguished heritage of accounting in Australia. The event was particularly timely given it coincides with the 50th Anniversary of the Accounting Discipline at the University of Sydney this year. Ray Chambers was the first full time lecturer in accounting at the University of Sydney and is often referred to as the father of fair value. He was appointed to the University's foundation Chair of Accounting in 1960, a position he held until his retirement in 1983. Chambers was a first class educator, researcher and mentor. He published a dozen books and more than 200 articles prior to his death in 1999. He is especially known for his proposed new system of accounting, Continuously Contemporary Accounting (CoCoA). What is not so well known though, is his tireless efforts for the reform of Accounting and the role he played in lifting the status of accounting to that of an equal in the learned halls of the University.
Issue 12 Oct 2010