Fred Phillips

Professor (On Leave)

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

25 Campus Drive, Nutrien Centre, University of Saskatchewan
Saskatoon, Saskatchewan, Canada, SK, S7N 5A7


Fred Phillips is a professor 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 50 articles, cases, and commentaries in peer-reviewed outlets, 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. 



  • N. Sheehan, M. Gujarathi, J. C. Jones, and F. Phillips. 2018. “Using Design Thinking to Write and Publish Novel Teaching Cases: Tips from Experienced Case Authors,” Journal of Management Education 42(1): 135-160.
  • F. Phillips. 2017. “Are You Making Learning Too Easy? Effects of Grouping Accounting Problems on Students’ Learning,” Issues in Accounting Education 32(3): 81-93.
  • D. Mescall, F. Phillips, and R. N. Schmidt. 2017. “Does the Accounting Profession Discipline Its Members Differently after Public Scrutiny?” Journal of Business Ethics 142 (2): 285-309.
  • F. Phillips, and R. N. Schmidt. 2016. “Accounting Students’ Planning, Writing, and Performance on a Time-Constrained Case Analysis: Effects of Self-Talk and Prior Achievement,” Accounting Perspectives 15 (4): 311-329.
  • F. Phillips. 2015. "The Power of Giving Feedback: Outcomes from Implementing an Online Peer Assessment System," Issues in Accounting Education: 31:1-15.
  • 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.

BOOKS (Current editions only):

  • Phillips, F., R. Libby, and P. Libby. 2018. Fundamentals of Financial Accounting 6e, 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. 2018. Fundamentals of Financial Accounting 5ce, McGraw-Hill/Ryerson, Toronto, ON. 676 pages.


  • F. Phillips. 2015. "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.

Personal Website

To access my personal website, where I have posted videos, PPT slides, and short cases/articles, click here.