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Student Edition
Instructor Edition
Fundamentals of Financial Accounting, 2/e

Fred Phillips, University of Saskatchewan
Robert Libby, Cornell University---Ithaca
Patricia Libby, Ithaca College

ISBN: 0073136484
Copyright year: 2008

About the Authors



Fred Phillips

Fred Phillips is a Professor and the George C. Baxter Chartered Accountants of Saskatchewan Scholar at the University of Saskatchewan, where he teaches introductory financial accounting. He also has taught introductory accounting at the University of Texas at Austin and the University of Manitoba. Fred has an undergraduate accounting degree, a professional accounting designation, and a PhD from the University of Texas at Austin. He previously worked as an audit manager at KPMG.

Fred's main interest is accounting education. He has won 11 teaching awards, including three national case-writing competitions. Recently, Fred won the 2007 Alpha Kappa Psi Outstanding Professor award at The University of Texas at Austin and, in 2006, he was awarded the title Master Teacher at the University of Saskatchewan. He has published instructional cases and numerous articles in journals such as Issues in Accounting Education, Journal of Accounting Research, and Organizational Behavior and Human Decision Processes. He received the American Accounting Association’s Outstanding Research in Accounting Education Award in 2006 and 2007 for one of his articles. Fred is a past associate editor of Issues in Accounting Education, and a current member of the Teaching & Curriculum and Two-Year College sections of the American Accounting Association. In his spare time, he likes to work out, play video games, and drink iced cappuccinos.

Robert Libby
Robert Libby is the David A. Thomas Professor of Accounting at Cornell University , where he teaches the introductory financial accounting course. He previously taught at the University of Illinois , Pennsylvania State University , the University of Texas at Austin , the University of Chicago , and the University of Michigan . He received his B.S. from Pennsylvania State University and his M.A.S. and Ph.D. from the University of Illinois ; he also is a CPA.

Bob is a widely published author specializing in behavioral accounting. He was selected as the AAA Outstanding Educator in 2000 and received the AAA Outstanding Service Award in 2006. * His prior text, Accounting and Human Information Processing (Prentice Hall, 1981), was awarded the AICPA/AAA Notable Contributions to the Accounting Literature Award. He received this award again in 1996 for a paper. He has published numerous articles in The Accounting Review , Journal of Accounting Research, Accounting, Organizations, and Society; and other accounting journals. He has held a variety of offices in the American Accounting Association and is a member of the American Institute of CPAs and the editorial boards of The Accounting Review , Accounting, Organizations, and Society, Journal of Accounting Literature; and Journal of Behavioral Decision Making.

Patricia A. Libby
Patricia Libby is Associate Professor of Accounting and Coordinator of the Financial Accounting course at Ithaca College , as well as Faculty Advisor to Beta Alpha Psi, Ithaca College Accounting Association, and Ithaca College National Association of Black Accountants. She previously taught graduate and undergraduate financial accounting at Eastern Michigan University and the University of Texas at Austin . Before entering academe, she was an auditor with Price Waterhouse (now PricewaterhouseCoopers) and a financial administrator at the University of Chicago . She received her B.S. from Pennsylvania State University , her M.B.A. from DePaul University , and her Ph.D. from the University of Michigan ; she also is a CPA.

Pat conducts research on using cases in the introductory course and other parts of the accounting curriculum. She has published articles in The Accounting Review, Issues in Accounting Education, and The Michigan CPA. She has also conducted seminars nationwide on active learning strategies, including cooperative learning methods.

* This award, which has been awarded only five times in the Association's 90 year history, was given “in recognition of visionary stewardship of the publications collection of the AAA.” Professor Libby is the only person to have received all three of the Association's highest awards for research, teaching and service. He was the AAA Outstanding Accounting Educator in 2000 and received the AAA Notable Contributions to the Literature Award in 1985 and 1996.

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