The Association of International Certified Professional Accountants and the Financial Management Association have announced the three recipients of the 2019 Innovation in Teaching Finance Award.

The award recognizes excellence in finance education based on factors including innovation, “broad transferability of the teaching technique” and the impact of the teaching methods on students, higher education institutions and the finance profession. The award is open to educators teaching undergraduate or graduate finance students. Selection is based on the description of their teaching techniques and the measurable impact on students, academic institutions and/or the finance profession.

Sponsored by the Association of International Certified Professional Accountants, the award is given on behalf of the Association’s Chartered Global Management Accountant designation. Winners receive award plaques and cash prizes of $1,000 and $500 for the winner and runners-up, respectively.

“We are very thankful to the Association and the CGMA designation for sponsoring this award,” stated Michelle Lui, executive director at the FMA. “The innovative pedagogy of these professors highlights the commitment of FMA members to enhancing finance education. This is critical to the development of future finance professionals and the application of sound financial practices in the industry.”

The award finalists presented their techniques in a special session at the FMA Annual Meeting, held in New Orleans on Oct. 25. Award recipients are:

• First prize: Andrew Cohen, university distinguished teacher, Entsminger Fellow, trading room manager and finance lecturer at Old Dominion University, for utilizing gamification investment concepts for student learning.

• Runners-up: Ravi Shukla, associate professor of finance at Syracuse University, and Pankaj Maskara, associate professor of finance at Nova Southeastern University.

For more on the award, head to the FMA’s site here.