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Professor of Accounting, Author Terry Warfield Featured on Million Dollar Stories Podcast

By Clare Becker

April 4, 2024

Portrait of Professor Terry Warfield in Grainger Hall

Terry Warfield, PwC Chair in Accounting and a professor of accounting and information systems at the Wisconsin School of Business, was a featured guest recently on the Million Dollar Book Agency’s Million Dollar Stories with Mike Fallat podcast.

Warfield discussed his bestselling textbook, Intermediate Accounting, now in its 18th edition. Published by John Wiley & Sons, the book is co-authored with Jerry Weygandt, WSB Arthur Andersen Alumni Emeritus Professor of Accounting, and Donald Kieso. The book “has always been, and continues to be, the gold standard,” Wiley’s website states. “Through significant updates, the 18th Edition presents a refreshed, accessible, and modern approach with new perspectives that help connect students to the what, the why, and the how of accounting information.”

The book was originally published in the 1970s, Warfield said, and he joined as a co-author during its 10th edition. Describing it as “a walk through the balance sheets,” the book takes students through the key concepts and fundamentals taught in the two intermediate accounting courses offered by most U.S. business schools.

It also serves students studying for the rigorous CPA (Certified Public Accountant) exam, Warfield said. “Our book has got a pretty strong tradition of being the book that really helps them prepare for the financial accounting part of that exam.”

When Warfield was awarded University of Wisconsin–Madison’s Distinguished Teaching Award in 2017, UW–Madison Communications noted that Warfield “has accomplished something few academics accomplish: He has excelled in teaching students, other teachers, researchers and public-policy makers and educators. He has contributed to teaching excellence by co-authoring three accounting textbooks, one of which is the market leader. That textbook is used around the world and has been adopted by the majority of top-rated accounting programs in the U.S. It has also been translated into numerous languages.”

Warfield currently serves as WSB’s senior associate dean.