Terry Warfield

Department Chair of Accounting & Information Systems, Executive Director of the Arthur Andersen Center for Financial Reporting and Control

Professor - Accounting & Information Systems
PwC Professor in Accounting

BIO
RESEARCH
TEACHING
SERVICE

Terry D. Warfield is the PwC Professor in Accounting at the Wisconsin School of Business. He is also Chair of the Department of Accounting and Information Systems.

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).

Warfield teaches 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, (15th Edition), Intermediate Accounting (IFRS 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.

Selected Accepted Journal Articles

Clor Proell, S., Warfield, T., & Proell, C. (2013). The Effects of Presentation Salience and Measurement Sujectivity on Nonprofessional Investors' Fair Value Judgmentsr Value Information. Contemporary Accounting Research

Selected Published Journal Articles

Warfield, T., & Luo, T. (2012). The implementation effects of expanded consolidation: the case of consolidating special purpose entities. Accounting and Finance, On-Line (28 pages).

Dickinson, V., Kimmel, P., & Warfield, T. (2012). The Accounting and Market Consequences of Accelerated Share Repurchases . Review of Accounting Studies (17), 41-71.

Dickinson, V., Kimmel, P., & Warfield, T. (2011). Bioscience Company: Accounting for Idle Plant Assets. Issues in Accounting Education (26), 155-162.

Cheng, Q., Warfield, T., & Ye, M. (2011). Equity incentives and earnings management: Evidence from the banking industry. Journal of Accounting, Auditing and Finance (26), 317-349.

Kohlbeck, M., & Warfield, T. (2010). Accounting Standard Attributes and Accounting Quality. Research in Accounting Regulation, 59-70.

Kimmel, P., & Warfield, T. (2008). Accelerating Corporate Performance: Stock Buy Backs with Zip. Issues in Accounting Education (23), 117-126.

Cheng, Q., & Warfield, T. (2005). Equity incentives and earnings management. The Accounting Review (80), 441-476.

Cheng, Q., Frischmann, P., & Warfield, T. (2003). The market perception of corporate claims. Research in Accounting Regulation (16), 3-28.

Skaife, H., & Warfield, T. (2003). Audits as a Corporate Governance Mechanism: Evidence from the German Market. Journal of International Accounting Research (2), 1-21.

Warfield, T., Skaife, H., & Johnstone, K. (2002). Effects of Repeated Practice and Contextual Writing Experiences on College Students' Writing Skills. Journal of Educational Psychology, 11.

Presentations

Accounting Research Workshop
IFRS: Convergence and More

Accounting Research Workshop
IFRS Convergence

AAA Annual Meeting
Use of Technology in On-Line Forums

Accounting Research Workshop
The Accounting Consequences of Accelerated Share Repurchases

Accounting Research Workshop
The Accounting Consequences of Accelerated Share Repurchases

Accounting Research Workshop
The Accounting Consequences of Accelerated Share Repurchases