Dr Michael Lucas FCMA,CGMA

Dr Michael Lucas

The Department of Accounting
Lecturer in Accounting

Contact details

Birmingham Business School
University of Birmingham
B15 2TT

Michael Lucas is a Lecturer in Accounting in the Birmingham Business School. He is the module leader for the Graduate Diploma in Business Administration Managerial Accounting module and also supervises student dissertations on the MSc International Accounting and Finance and MBA programmes. His teaching and research specialisms are in the area of management accounting, although he has extensive experience in teaching all the main areas of accounting.


  • DPhil in Accounting (2005), University of Buckingham
  • Fellow (1991) of the Chartered Institute of Management Accountants (CIMA)
  • BA Social Science (Economics) (1981), University of Middlesex.


Before joining the University of Birmingham, Michael held senior lecturer posts at the Open University and the University of Buckingham. Prior to entering academic life, he had twelve years’ experience in industry as a finance manager/director.

In the past 25 years, he has gained extensive experience of teaching within all areas in Accounting and Finance, although his specialism, in teaching and research, is in management accounting.

He has published a number of papers in academic journals in areas as diverse as the gap between management accounting theory and actual business practice, the interface between the management accounting and marketing functions, and Islamic Accounting. He has also led research funded by the Chartered Institute of Management Accountants (CIMA) into the use of management accounting by SMEs. He has published a number of teaching articles on various aspects of management accounting in the CIMA professional journal. 

An additional interest is in the development of alternative business (including accounting) models for a sustainable capitalism. He has contributed book chapters to a number of publications and produced audio podcasts for the Open University in this area.


  • Graduate Diploma in Business Administration Managerial Accounting (module leader)
  • MSc International Accounting and Finance and MBA Dissertation Supervisor.


Moro, A., Lucas, M.R., Grimm, U. (2013) ‘The debt structure of SMEs: an optimization model’, Journal of Entrepreneurial Finance.

Altatawney, G., and Lucas, M.R. (2012) ‘Understanding the dominance of western accounting and neglect of Islamic accounting in Islamic countries’, Journal of Islamic Accounting and Business Research.

Moro, A., Lucas, M.R. and Kodwani, D. (2012) ‘Trust and the demand for collateral in SME-Bank relationships’, Journal of Entrepreneurial Finance.

Lucas, M.R., and Rafferty, J. (2008) 'Cost analysis for pricing: exploring the gap between theory and practice', British Accounting Review, vol. 40, no. 2, pp. 148-160.

Lucas, M.R. (2003) 'Pricing decisions and the neoclassical theory of the firm', Management Accounting Research, vol. 14, no. 3, pp. 201-217.

Millman, T., and Lucas, M. R. (2000) 'What do sales and marketing managers need to know about cost and value accumulation in supply chains?', Journal of Selling and Major Account Management, vol. 3, no. 1, pp. 40-50.

Millman, T., and Lucas, M. R. (1998) 'Observations on the marketing/accounting interface in key account management', Journal of Selling and Major Account Management, vol. 1, no. 2, pp. 10-21.


2016  Prowle, M. and Lucas, M.R. ‘Management Accounting in the Contemporary Business World’, Palgrave Macmillan, London.

Book chapters

2018  Stanley, S., Purser, R. and Singh, N. (ed.) ‘Handbook of Ethical Foundations of Mindfullness’, Springer, Switzerland. Chapter 11: ‘The Need for and Nature of Buddhist Economics’.

2014  Van Mourik, C. and Walton, P. (ed) ‘The Routledge Companion to ­­­Accounting, Reporting and Regulation’, Routledge, Abingdon, Oxford. Chapter 25: ‘Accounting regulation and IFRS in Islamic countries’ 

Published funded research 

Prowle, M., Lucas, M.R., Barnes, S. and Lowth, G. ‘Improving Productivity in UK Small- Medium Sized Enterprises: A |Research Study’, Centre for Innovation and Productivity, Gloucestershire Business School, University of Gloucestershire, 2017.

Lucas, M.R., Prowle, M., Lowth, G. ‘Management accounting practices of (UK) SMEs’, Chartered Institute of Management Accountants (CIMA) research, Volume 9, Issue 4. 2013.