Biography
Terry D. Warfield is the PwC Chair in Accounting at the Wisconsin School of Business. He is also the Senior Associate Dean.
Warfield’s area of expertise is financial accounting. Prior to his academic career, he worked for five years in the banking industry and from 1995-1996 he served as the Academic Accounting Fellow in the Office of the Chief Accountant at the U.S. Securities and Exchange Commission in Washington D.C. While on the staff, he worked on projects related to financial instruments, financial institutions, and helped coordinate a symposium on intangible asset financial reporting.
Warfield’s primary research interests concern financial accounting standards and disclosure policies, including the effects of accounting information and disclosures on securities markets.
He has published articles in various scholarly and practice oriented outlets. He has served on the editorial board of The Accounting Review, Accounting Horizons, and Issues in Accounting Education and has served as a reviewer for many other accounting and business journals. He has served the American Accounting Association on: the Financial Accounting Standards Committee (chair 1995-1996), the Association Council, Nominations Committee, president of the Financial Accounting and Reporting Section (2004-2006), and chair of the Regulations Committee (2007-2008). Warfield was one of three academic members of the Advisory Council to the Financial Accounting Standards Board (2005-2009). He served as a trustee for the Financial Accounting Foundation (2013-2019).
Warfield teaches introductory, intermediate and masters-level courses in financial reporting and he has served on numerous Ph.D. dissertation committees.
He has received teaching awards at both the University of Iowa and at UW-Madison, and he has developed several case studies based on his research for use in accounting classes. These cases and related instructional articles have been published in Issues in Accounting Education and the AICPA Professor-Practitioner Case Development Program. Warfield is co-author (with D. Kieso and J. Weygandt) of Intermediate Accounting, (17th Edition), Intermediate Accounting (IFRS 4th Edition), and Intermediate Accounting: Principles and Analysis (2nd Edition).
He received a B.S. and MBA from Indiana University and a Ph.D. from the University of Iowa.
Research
Selected Published Journal Articles
Convery, A. & Kaufman, M. & Warfield, T. (2022). Stakeholder Engagement and Effective Standard-Setting Accounting Horizons
Burke, Q. & Warfield, T. (2021). Bank Interest Rate Risk Management and Valuation of Earnings Accounting and Finance
Warfield, T. & Burke, Q. & Wieland, M. (2020). Value Relevance of Disaggregated Information: An Examination of the Rate and Volume Analysis of Bank Net Interest Income Accounting Horizons
Clor Proell, S. & Warfield, T. & Proell, C. (2014). The Effects of Presentation Salience and Measurement Subjectivity on Nonprofessional Investors’ Fair Value Judgments Contemporary Accounting Research
Warfield, T. & Luo, T. (2012). The implementation effects of expanded consolidation: the case of consolidating special purpose entities Accounting and Finance
Dickinson, V. & Kimmel, P. & Warfield, T. (2012). The Accounting and Market Consequences of Accelerated Share Repurchases Review of Accounting Studies
Cheng, Q. & Warfield, T. & Ye, M. (2011). Equity incentives and earnings management: Evidence from the banking industry Journal of Accounting, Auditing and Finance
Kohlbeck, M. & Warfield, T. (2010). Accounting Standard Attributes and Accounting Quality Research in Accounting Regulation
Cheng, Q. & Warfield, T. (2005). Equity incentives and earnings management The Accounting Review
Cheng, Q. & Frischmann, P. & Warfield, T. (2003). The Market Perception of Corporate Claims Research in Accounting Regulation
Skaife, H. & Warfield, T. (2003). Audits as a Corporate Governance Mechanism: Evidence from the German Market Journal of International Accounting Research
Selected Submitted Journal Articles
Warfield, T. & Kaufman, M. & Convery, A. (2022). Stakeholder Conflict and Standard-setting Foundation Oversight Journal of Accounting and Public Policy
Warfield, T. & Kaufman, M. & Convery, A. (2018). Stakeholder-standard-setter interaction and the boundaries of financial reporting Accounting, Organizations and Society
Presentations
Accounting Research Workshop (2016) Bank Interest Rate Risk Management and Valuation of Earnings
Accounting Research Workshop (2013) The Relevance and Faithful Representation of Pension Measurements
Accounting Research Workshop (2011) IFRS: Convergence and More
Accounting Research Workshop (2011) IFRS Convergence
AAA Annual Meeting (2010) Use of Technology in On-Line Forums
Accounting Research Workshop (2009) The Accounting Consequences of Accelerated Share Repurchases
Accounting Research Workshop (2009) The Accounting Consequences of Accelerated Share Repurchases
Accounting Research Workshop (2009) The Accounting Consequences of Accelerated Share Repurchases
Teaching
Undergraduate Courses
Professional Practice Issues in Accounting and Auditing (ACC 601), Spring 2003.
Study of current accounting and audit issues within a case context. Students will be required to perform computerized research, analyze topical accounting and audit issues, and make case presentations. Intensive three week course to build on experiences developed during the internship program.
Professional Practice Issues in Accounting and Auditing (ACC 601), Spring 2004.
Study of current accounting and audit issues within a case context. Students will be required to perform computerized research, analyze topical accounting and audit issues, and make case presentations. Intensive three week course to build on experiences developed during the internship program.
Professional Practice Issues in Accounting and Auditing (ACC 601), Spring 2005.
Study of current accounting and audit issues within a case context. Students will be required to perform computerized research, analyze topical accounting and audit issues, and make case presentations. Intensive three week course to build on experiences developed during the internship program.
Professional Practice Issues in Accounting and Auditing (ACC 601), Spring 2001.
Study of current accounting and audit issues within a case context. Students will be required to perform computerized research, analyze topical accounting and audit issues, and make case presentations. Intensive three week course to build on experiences developed during the internship program.
Professional Practice Issues in Accounting and Auditing (ACC 601), Spring 2001.
Study of current accounting and audit issues within a case context. Students will be required to perform computerized research, analyze topical accounting and audit issues, and make case presentations. Intensive three week course to build on experiences developed during the internship program.
Professional Practice Issues in Accounting and Auditing (ACC 601), Spring 2001.
Study of current accounting and audit issues within a case context. Students will be required to perform computerized research, analyze topical accounting and audit issues, and make case presentations. Intensive three week course to build on experiences developed during the internship program.
Professional Practice Issues in Accounting and Auditing (ACC 601), Spring 2006.
Study of current accounting and audit issues within a case context. Students will be required to perform computerized research, analyze topical accounting and audit issues, and make case presentations. Intensive three week course to build on experiences developed during the internship program.
Professional Practice Issues in Accounting and Auditing (ACC 601), Spring 2002.
Study of current accounting and audit issues within a case context. Students will be required to perform computerized research, analyze topical accounting and audit issues, and make case presentations. Intensive three week course to build on experiences developed during the internship program.
Professional Issues (AIS 601), Spring 2007.
Study of current accounting and audit issues within a case context. Students will be required to perform computerized research, analyze topical accounting and audit issues, and make case presentations. Intensive three week course to build on experiences developed during the internship program.
Reading & Rsch-Accounting (AIS 399), Spring 2008.
Reading and Research-Accounting
Bus Fund for Non-Bus Majors I (BUS 310), Fall 2010.
Part of a two course sequence introducing non-business students to basic concepts, practices and analytical methods that are part of the market enterprise system. This course is a basic overview on: accounting, finance, and business law.
Fundamentals of Accounting and (BUS 310), Fall 2011.
Part of a two course sequence introducing non-business students to basic concepts, practices and analytical methods that are part of the market enterprise system. This course is a basic overview on: accounting, finance, and business law.
Financial Reporting II (ACC 302), Fall 2003.
Examines current and emerging financial accounting theory and techniques used to measure and report financial information to investors, creditors, and other external users, including dilutive securities, investments, revenue recognition, income tax allocation, pensions, leases and accounting changes.
Financial Reporting II (AIS 302), Spring 2008.
Examines current and emerging financial accounting theory and techniques used to measure and report financial information to investors, creditors, and other external users, including dilutive securities, investments, revenue recognition, income tax allocation, pensions, leases and accounting changes.
Financial Reporting I (AIS/AIS 301), Fall 2017. Download Syllabus
Intermediate accounting I – required accounting course for accounting and finance students.
Introduc tory Accounting (ACC/ACC 100), Spring 2013.
Introduction to Financial Accounting – Required course for all students in WI School of Business.
I serve as course coordinator and oversee 3 TAs, who lead lectures.
Introductory Accounting (ACC/ACC 100), Fall 2013.
Introduction to Financial Accounting – Required course for all students in WI School of Business.
I serve as course coordinator and oversee 18 TAs, who lead lectures.
Introduction to Business (BUS 100), Fall 2009.
Introduction to the basic concepts, practices and analytical methods that are part of the market enterprise system. Overview of the basic functions: management, accounting, finance, operations, and marketing conducted within a social and ethical framework.
Graduate Courses
Seminar in Financial Accounting Theory (ACC 770), Fall 2005.
Intensive study and critical examination of accounting theories, concepts and standards; evaluations of the pronouncements of professional societies and governmental agencies.
Seminar in Financial Accounting Theory (ACC 770), Fall 2005.
Intensive study and critical examination of accounting theories, concepts and standards; evaluations of the pronouncements of professional societies and governmental agencies.
Seminar in Financial Accounting Theory (AIS 770), Fall 2006.
Intensive study and critical examination of accounting theories, concepts and standards; evaluations of the pronouncements of professional societies and governmental agencies.
Seminar in Financial Accounting Theory (AIS 770), Fall 2006.
Intensive study and critical examination of accounting theories, concepts and standards; evaluations of the pronouncements of professional societies and governmental agencies.
Financial Reporting Theory (AIS 770), Fall 2007.
Intensive study and critical examination of accounting theories, concepts and standards; evaluations of the pronouncements of professional societies and governmental agencies.
Financial Reporting Theory (AIS 770), Fall 2007.
Intensive study and critical examination of accounting theories, concepts and standards; evaluations of the pronouncements of professional societies and governmental agencies.
Smr:Financial Reporting Theory (ACC 770), Fall 2008.
Intensive study and critical examination of accounting theories, concepts and standards; evaluations of the pronouncements of professional societies and governmental agencies.
Smr:Financial Reporting Theory (ACC 770), Fall 2008.
Intensive study and critical examination of accounting theories, concepts and standards; evaluations of the pronouncements of professional societies and governmental agencies.
Capstone in Accounting (AIS 765), Fall 2017. Download Syllabus
1-Year Capstone course with 6 varied modules on contemporary issues.
Hybrid Courses
Financial Reporting II (AIS/AIS 702/302), Fall 2010.
Examines current and emerging financial accounting theory and techniques used to measure and report financial information to investors, creditors, and other external users, including dilutive securities, investments, revenue recognition, income tax allocation, pensions, leases and accounting changes.
Financial Reporting II (AIS/AIS 302/702), Fall 2011.
Examines current and emerging financial accounting theory and techniques used to measure and report financial information to investors, creditors, and other external users, including dilutive securities, investments, revenue recognition, income tax alloca
Financial Reporting II (ACC/ACC 302/702), Fall 2008.
Examines current and emerging financial accounting theory and techniques used to measure and report financial information to investors, creditors, and other external users, including dilutive securities, investments, revenue recognition, income tax allocation, pensions, leases and accounting changes.
Financial Reporting II (ACC/ACC 302/702), Fall 2001.
Examines current and emerging financial accounting theory and techniques used to measure and report financial information to investors, creditors, and other external users, including dilutive securities, investments, revenue recognition, income tax allocation, pensions, leases and accounting changes.
Financial Reporting II (ACC/ACC 302/702), Fall 2004.
Examines current and emerging financial accounting theory and techniques used to measure and report financial information to investors, creditors, and other external users, including dilutive securities, investments, revenue recognition, income tax allocation, pensions, leases and accounting changes.
Learning/Teaching Oriented Publications
Kieso, D. & Weygandt, J. & Warfield, T. (2014). Intermediate Accounting – 2nd Edition: IFRS Edition
Kieso, D. & Weygandt, J. & Warfield, T. (2014). Intermediate Accounting, 15th Edition – FASB Update
Kieso, D. & Weygandt, J. & Warfield, T. (2013). Intermediate Accounting, 15th Edition
Kieso, D. & Weygandt, J. & Warfield, T. (2011). Intermediate Accounting, 14th Edition
Kieso, D. & Weygandt, J. & Warfield, T. (2010). Intermediate Accounting: IFRS Edition
Kieso, D. & Weygandt, J. & Warfield, T. (2017). Intermediate Accounting – 3rd Edition: IFRS Edition
Kieso, D. & Weygandt, J. & Warfield, T. (2016). Intermediate Accounting, 16th Edition
Kieso, D. & Weygandt, J. & Warfield, T. (2019). Intermediate Accounting, 17th Edition
Dickinson, V. & Kimmel, P. & Warfield, T. (2011). Bioscience Company: Accounting for Idle Plant Assets. Issues in Accounting Education
Kimmel, P. & Warfield, T. (2008). Accelerating Corporate Performance: Stock Buy Backs with Zip Issues in Accounting Education
Kieso, D. & Weygandt, J. & Warfield, T. (2022). Intermediate Accounting, 18th Edition
Warfield, T. & Skaife, H. & Zehms, K. (2002). Effects of Repeated Practice and Contextual Writing Experiences on College Students’ Writing Skills Journal of Educational Psychology
Service
Editorial and Reviewing Activities
Journal of Accounting and Finance – May 2019 – May 2019
Ad Hoc Reviewer
Accounting Horizons – Since January 2015
Editorial Board Member
Accounting Horizons – January 2013 – December 2013
Ad Hoc Reviewer
Accounting Horizons – December 2008 – December 2010
Associate Editor