Fred Phillips


Room 277.2
PotashCorp Centre
25 Campus Drive
Saskatoon, Saskatchewan, Canada
S7N 5A7
Phone: 306-966-8401
Fax: 306-966-2514


Ph.D. (University of Texas)
CPA, CA (Saskatchewan)
B.Comm (University of Manitoba)


Fred Phillips is a professor and the George Baxter scholar at the University of Saskatchewan’s Edwards School of Business, where he has taught and researched since earning a PhD in Accounting at the University of Texas at Austin in 1996. Professor Phillips has taught courses in financial accounting and auditing at the undergraduate and graduate levels. His research involves empirical studies of teaching and learning, and professional judgment and decision-making.

As a teacher, Fred has received many department, college, university, and national awards.  He is a three-time recipient of the department’s teaching award in its Masters of Professional Accounting program, a three-time recipient of the college’s undergraduate teaching excellence award, and a two-time recipient of the university student union’s campus-wide teaching excellence award. The university recognized him with the title Master Teacher (in 2006) and the Provost’s Award for Innovation in Learning (in 2010). At the national level, the Canadian Academic Accounting Association has recognized him with the Teall Award for innovation in education (on two occasions), instructional case writing awards (on five occasions), and the L. S. Rosen Outstanding Educator award. Perhaps the crowning recognition of all was his selection into the Society for Teaching and Learning in Higher Education’s academy of 3M National Teaching Fellows in 2011—the highest honor for undergraduate teaching in Canada.

As a researcher and writer, Fred has published more than 30 articles and instructional cases in peer-reviewed journals, including Issues in Accounting EducationJournal of Accounting Research, and Organizational Behavior and Human Decision Making. He also has published four textbooks with McGraw-Hill Education, including Fundamentals of Financial Accounting (with Bob and Pat Libby), which earned “Book of the Year” honors within McGraw-Hill’s Business and Economics division. His research has been recognized with the American Accounting Association’s Innovation in Auditing and Assurance Education Award, as well as its Outstanding Research in Accounting Education Award (on three occasions).


My primary teaching interests are in introductory financial accounting and assurance services, at both the undergraduate and graduate levels. I have taught the following courses at the University of Saskatchewan. For a summary of students' evaluations of my teaching, click here. To read my statement of teaching philosophy, click here.

Financial Accounting

  • Comm 201 (Accounting and Business Decision-Making)

Assurance Services

  • Comm 421 - (Introduction to Auditing)
  • Acc 814 - ("The Auditing Profession"--MSc Seminar)
  • MPAcc 810 - (Professionalism, Skills, Application, and Integration)
  • MPAcc 806 - Assurance for Modern Business, Government, and Not-for-Profit Organizations
  • MPAcc 815 - Auditing 1 (previously MPAcc 807 - Auditing: Fundamentals and Applications)


Working Papers

  • F. Phillips. 2015. "Fast and Easy but Illusory and Fleeting: Grouping Accounting Problems to Enhance Initial Performance Impairs Long-term Learning." Under revision.
  • F. Phillips. 2015. "Does Withholding Formulas During Initial Learning and Subsequent Testing Introduce Desirable Difficulties?" In data collection.



  • F. Phillips*, and R. Schmidt. 2016. “Accounting Students' Planning, Writing, and Performance on a Time-Constrained Case Analysis: Effects of Mindsets and Prior Knowledge.” Accounting Perspectives: in press.
  • F. Phillips. 2015. "The Power of Giving Feedback: Outcomes from Implementing an Online Peer Assessment System," Issues in Accounting Education: 31:1-15.
  • D. Mescall, F. Phillips, and R. N, Schmidt. 2015. "Has Public Scrutiny Changed How the Accounting Profession Disciplines Its Members?"Journal of Business Ethics: doi:10.1007/s10551-016-3156-0.
  • F. Phillips, and A. Nagy. 2014. "Does Reading Case Responses and Using Graphic Organizers Enhance Accounting Students' Case Analyses?" Issues in Accounting Education 29(1): 149-168.
  • F. Phillips, and S. Wolcott. 2014. “Effects of Interspersed versus Summary Feedback on the Quality of Student Case Report Revisions.”Accounting Education: An International Journal, 23: 174-190.
  • F. Phillips, and N. Sheehan. 2012. “Modeling Accounting Workplace Interactions with Text-to-Video Animation,” Accounting Perspectives12(1): 75-87.
  • F. Phillips, S. Alford, and S. Guina. 2012. “Illustrations in Financial Accounting Textbooks: Function and Placement Interact to Affect Student Learning,” Issues in Accounting Education 27(4): 999-1017.
  • F. Phillips, N. Johnstone, and B. Mackintosh. 2011. “A Good Story: A Commentary on “Contextualizing the Intermediate Financial Accounting Courses in the Global Financial Crisis,” Accounting Education: An International Journal 20 (October): 515-519.
  • F. Phillips, and L. Heiser. 2011. "A Field Experiment Examining the Effects of Accounting Equation Emphasis and Transaction Scope on Students Learning to Journalize," Issues in Accounting Education, 26 (November): 681-699.
  • F. Phillips, and B. Johnson. 2011. "Online Homework versus Intelligent Tutoring Systems: Pedagogical Support for Transaction Analysis and Recording," Issues in Accounting Education (February): 26 (February): 87-97.
  • S. Hilton, and F. Phillips. 2010. "Instructor-Assigned and Student-Selected Groups: A View from Inside," Issues in Accounting Education 24 (February): 15-33.
  • F. Phillips. 2010. "Deriving Four Lessons for Accounting Educators: A Commentary on ‘A Role for the Compulsory Study of Literature in Accounting Education'," Accounting Education: An International Journal 19: 369-371.
  • F. Phillips, and R. Schmidt. 2010. "Creating Early Success in Financial Accounting: Improving Performance on Adjusting Journal Entries,"Accounting Perspectives 9: 87-96.


  • Phillips, F., R. Libby, and P. Libby. 2015. Fundamentals of Financial Accounting 5e, McGraw-Hill Education, Burr Ridge, IL. 
  • S. Whitecotton, R. Libby, and F. Phillips. 2016. Managerial Accounting 3e, McGraw-Hill Education, Burr Ridge, IL. 
  • Phillips, F., R. Libby, P. Libby, and B. Mackintosh. 2015. Fundamentals of Financial Accounting 4ce, McGraw-Hill/Ryerson, Toronto, ON. 676 pages.


  • F. Phillips. 2014. "Evaluating Financial Results at Graphic Apparel Corporation (GAC): The Impact of Accounting Policies," Issues in Accounting Education, 30 (1): 1-12.
  • A. Nagy, and F. Phillips. 2014. "Developing Students' Technical Knowledge and Case-Based Reasoning Skills: Three Short Cases in Financial Accounting," Accounting Perspectives, 13(2): 149-158. 
  • F. Phillips. 2013. “An Instructional Case Comparing the Accounting Policies and Financial Results of Online Retailers,” Accounting Perspectives, 12: 261-276.
  • N. Johnstone, B. Mackintosh, and F. Phillips. 2013. “Second Round Electronics: A Case for Critical Thinking,” Issues in Accounting Education, 28(4): 983-989.
  • R. Schmidt, and F. Phillips. 2012. “Shooting for Assurance: The Case of Blazing Arrow Speed,” Issues in Accounting Education 27(4): 1243-1258.
  • F. Phillips, and B. Mackintosh. 2011. "Wiki Art Gallery, Inc.: A Case for Critical Thinking,," Issues in Accounting Education 26: 593-608.