About the Author
Nicola (Nickie) M. Young, MBA, FCA is a Professor of Accounting in the Sobey School of Business at Saint Mary’s University in Halifax, Nova Scotia where her teaching responsibilities have varied from the introductory offering to final year advanced financial accounting courses to the survey course in the Executive MBA program. She is the recipient of teaching awards, and has contributed to the academic and administrative life of the university through chairing the Department of Accounting, membership on the Board of Governors, the Pension and other Committees. Nickie was associated with the Atlantic School of Chartered Accountancy for over twenty-five years in a variety of roles, including program and course development, teaching, and program reform. In addition to contributions to the accounting profession at the provincial level, Nickie has served on national boards of the Canadian Institute of Chartered Accountants (CICA) dealing with licensure and education. For the last fifteen years, she has worked with the CICA’s Public Sector Accounting Board (PSAB) as an Associate, as a member and chair of the Board, and as chair and member of PSAB Task Forces.
Irene M. Wiecek, FCA is a faculty member of the University of Toronto at Mississauga and is cross-appointed to the Joseph L. Rotman School of Management. She teaches financial reporting in various programs including the Commerce Program (Accounting Specialist) and the Master of Management & Professional Accounting Program (MMPA). The Associate Director of the MMPA Program for many years, she co-founded and is Co-Director of the ICAO/Rotman Centre for Innovation in Accounting Education, which supports and facilitates innovation in accounting education. Irene has been involved in professional accounting education for over twenty years both at the Institute of Chartered Accountants of Ontario and the CICA, teaching and developing case/program material in various programs including the ICAO School of Accountancy. She helped create and currently directs the CICA In-depth GAAP Program. In the area of standard setting, she is Chair of the Canadian Academic Accounting Association Financial Accounting Exposure Draft Response Committee (since 2002). Irene is a member of the CICA Qualifications Committee which provides leadership, direction and standards for admission into the CA profession. She is the recipient of the MMPA Faculty of the Year award for 2004 and 2006.
Donald E. Kieso, Ph.D., C.P.A., received his bachelor’s degree from Aurora University and his doctorate in accounting from the University of Illinois. He has served as chairman of the Department of Accountancy and is currently the KPMG Peat Marwick Emeritus Professor of Accountancy at Northern Illinois University. He has done postdoctorate work as a Visiting Scholar at the University of California at Berkeley and is a recipient of NIU’s Teaching Excellence Award and four Golden Apple Teaching Awards. Professor Kieso has served as a member of the Board of Directors of the Illinois CPA Society, the AACSB’s Accounting Accreditation Committees, the State of Illinois Comptroller’s Commission, as Secretary-Treasurer of the Federation of Schools of Accountancy, and as Secretary- Treasurer of the American Accounting Association. He served as a charter member of the national Accounting Education Change Commission. He received the Outstanding Accounting Educator Award from the Illinois CPA Society, in 1992 he received the FSA’s Joseph A. Silvoso Award of Merit, and the NIU Foundation’s Humanitarian Award for Service to Higher Education.
Jerry J.Weygandt, Ph.D., C.P.A., is Arthur Andersen Alumni Professor of Accounting at the University of Wisconsin-Madison. He holds a Ph.D. in accounting from the University of Illinois. Articles by Professor Weygandt have appeared in the Accounting Review, Journal of Accounting Research, Accounting Horizons, Journal of Accountancy, and other academic and professional journals. These articles have examined such financial reporting issues as accounting for price-level adjustments, pensions, convertible securities, stock option contracts, and interim reports. He has served on numerous committees of the American Accounting Association and as a member of the editorial board of the Accounting Review; he also has served as President and Secretary-Treasurer of the American Accounting Association. In addition, he has been actively involved with the American Institute of Certified Public Accountants and has been a member of the Accounting Standards Executive Committee (AcSEC) of that organization. He has served on the FASB task force that examined the reporting issues related to accounting for income taxes and is presently a trustee of the Financial Accounting Foundation. Professor Weygandt has received the Chancellor’s Award for Excellence in Teaching and the Beta Gamma Sigma Dean’s Teaching Award. He is on the board of directors of M & I Bank of Southern Wisconsin and the Dean Foundation. He is the recipient of the Wisconsin Institute of CPA’s Outstanding Educator’s Award and the Lifetime Achievement Award. In 2001, he received the American Accounting Association’s Outstanding Accounting Educator Award.
Terry D. Warfield, Ph.D., is Associate Professor of Accounting at the University of Wisconsin-Madison. He received a B.S. and M.B.A. from Indiana University and a Ph.D. in accounting from the University of Iowa. Professor Warfield’s area of expertise is financial reporting, and prior to his academic career, he worked for five years in the banking industry. 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., from 1995-1996. While on the staff, he worked on projects related to financial instruments and financial institutions, and he helped coordinate a symposium on intangible asset financial reporting. Professor Warfield’s primary research interests concern financial accounting standards and disclosure policies. He has published scholarly articles in The Accounting Review, Journal of Accounting and Economics, Research in Accounting Regulation, and Accounting Horizons, and he has served on the editorial boards of The Accounting Review, Accounting Horizons, and Issues in Accounting Education. He has served on the Financial Accounting Standards Committee of the American Accounting Association (Chair 1995-1996) and the AAA-FASB Research Conference Committee. Professor Warfield has received teaching awards at both the University of Iowa and the University of Wisconsin, and he was named to the Teaching Academy at the University of Wisconsin in 1995.