Accounting Principles, Part 1

Jerry J. Weygandt, PhD, CPA, is the Arthur Andersen Alumni Professor of Accounting at the University of Wisconsin—Madison. He holds a PhD in accounting from the University of Illinois. His articles have appeared in Accounting Review, Journal of Accounting Research, Accounting Horizons, Journal of Accountancy, and other academic and professional journals. Professor Weygandt is the author of other accounting and financial reporting books and is a member of the American Accounting Association, the American Institute of Certified Public Accountants, and the Wisconsin Society of Certified Public Accountants. 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.

Donald E. Kieso, PhD, CPA, 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 Emeritus Professor of Accounting at Northern Illinois University. He has public accounting experience with Price Waterhouse & Co. (San Francisco and Chicago) and Arthur Andersen & Co. (Chicago) and research experience with the Research Division of the American Institute of Certified Public Accountants (New York). He has done post-doctoral 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 is the author of other accounting and business books and is a member of the American Accounting Association, the American Institute of Certified Public Accountants, and the Illinois CPA Society. He is the recipient of the Outstanding Accounting Educator Award from the Illinois CPA Society, the FSA’s Joseph A. Silvoso Award of Merit, the NIU Foundation’s Humanitarian Award for Service to Higher Education, the Distinguished Service Award from the Illinois CPA Society, and the Community Citizen of the Year Award from Rotary International.

Paul D. Kimmel, PhD, CPA, received his bachelor’s degree from the University of Minnesota and his doctorate in accounting from the University of Wisconsin. He is an Associate Professor at the University of Wisconsin—Milwaukee, and has public accounting experience with Deloitte & Touche (Minneapolis). He was the recipient of the UWM School of Business Advisory Council Teaching Award and the Reggie Taite Excellence in Teaching Award, and is a three-time winner of the Outstanding Teaching Assistant Award at the University of Wisconsin. He is also a recipient of the Elijah Watts Sells Award for Honorary Distinction for his results on the CPA exam. He is a member of the American Accounting Association and has published articles in Accounting Review, Accounting Horizons, Advances in Management Accounting, Managerial Finance, Issues in Accounting Education, and Journal of Accounting Education, as well as other journals. His research interests include accounting for financial instruments and innovation in accounting education. He has published papers and given numerous talks on incorporating critical thinking into accounting education, and helped prepare a catalogue of critical thinking resources for the Federated Schools of Accountancy.

Barbara Trenholm, MBA, FCA, is a professor of accounting at the University of New Brunswick. Her teaching and educational leadership is well-known. She is a recipient of the Leaders in Management Education Award, the Global Teaching Excellence Award, and the University of New Brunswick's Merit Award and Dr. Allan P. Stuart Award for Excellence in Teaching. Several editions of the Maclean's Guide to Canadian Universities and Colleges have cited her as one of the University of New Brunswick's most popular professors. In 2003, she was named a Teaching Fellow of the University of New Brunswick. Her experience and involvement in professional accounting education is widely recognized throughout Canada. She is a past-president of the New Brunswick Institute of Chartered Accountants and past-chair of the Canadian Institute of Chartered Accountants Academic Research Committee and Interprovincial Education Committee. She has served as a member of the Canadian Institute of Chartered Accountants Qualification Committee, International Qualifications Appraisal Board, Education Reeingineering Task Force, and the American Accounting Association's Globalization Initiatives Task Force. She has chaired and been a member of numerous other education committees at both the national and provincial levels of the profession. Professor Trenholm is a member of the boards of several organizations, including Atomic Energy of Canada and Plazacorp Retail Properties. She chairs the audit committee of both of these organizations. She is a member of the Institute of Corporate Directors and has had training in best practices for corporate governance. She is a past member of the Canadian Institute of Chartered Accountants Board of Directors and the Atlantic School of Chartered Accountancy Board of Governors. In addition to her involvement with her profession, she has an extensive record of service in leadership roles in the university and community. She has served as acting dean of the Faculty of Administration and as a member of the University Senate, in addition to chairing and serving on many university and faculty committees. She has published widely in the field of accounting standard- setting and explored various director and auditor liability issues in journals including Accounting Horizons, International Journal of Production Economics, CAMagazine, CGA Magazine, and CMA Magazine. She is also the Canadian author of the Kimmel, Weygandt, Kieso, Trenholm, Financial Accounting: Tools for Business Decision-Making, published by John Wiley & Sons Canada, Ltd.

Valerie A. Kinnear, MSc (Bus. Admin.), CA is an accounting faculty member in the Bissett School of Business, Mount Royal College, in Calgary, Alberta. Valerie has a wide range of teaching experience, including introductory, intermediate, and advanced financial accounting as well as introductory management accounting and finance courses. She has been nominated for the Distinguished Faculty Award at Mount Royal College for her teaching expertise. Valerie has served on numerous faculty and college committees and held a variety of administrative positions at Mount Royal College, including acting dean of the School of Business, acting director of Business Education and Training in the Faculty of Continuing Education and Extension, and Program Chair of the Accounting, Financial Services, Supply Chain Management, and General Business and Insurance programs, amongst others.  She has also been active in the accounting profession. She participated in the Institute of Chartered Accountants of Alberta student education program in a variety of roles, including as an instructor, marker, author, and member of the Alberta Institute's Examinations Committee. Valerie has also served as a member of the Professional Services Policy Board of the Canadian Institute of Chartered Accountants, as a board member of the Canadian Accounting Academic Association, and as treasurer for many volunteer community organizations in Calgary.Valerie has a Bachelor of Social Work from the University of Calgary, a Master of Science in Business Administration from the University of British Columbia, and has professional accounting experience with Price Waterhouse & Co., Farvolden and Company Chartered Accountants, and Kinnear & Smistad Chartered Accountants.