VALDEAN C. LEMBKE is Professor of Accounting in the College of Business Administration at The University of Iowa. He received his B.S. degree from Iowa State University and his MBA and Ph.D. from the University of Michigan. He has internal audit and public accounting experience. He has been active in the American Accounting Association, including service as President of the Midwest Region and book review editor for Issues in Accounting Education. Professor Lembke has been a faculty member at The University of Iowa for more than 25 years, where he was named the first recipient of the Gilbert Maynard Excellence in Accounting Instruction award. He has served two terms as department head and is currently head of the professional program in accounting. Professor Lembke has authored or coauthored articles in The Accounting Review, the Journal of Accounting, Auditing, and finance, the Journal of Accountancy, and the Internal Auditor. He also coauthored an advanced financial accounting textbook with Richard Bake and Thomas King. His teaching has been in undergraduate and graduate financial accounting and governmental and not-for-profit accounting coursework, including responsibility for the introductory financial accounting course.
JOHN H. SMITH, CPA, is Professor of Accountancy, Emeritus, at Northern Illinois University in Dekalb, Illinois. He has served as Accounting Department Chairman at Northern Illinois University and at The University of Iowa. He has held visiting professorship at the University of Hawaii and has been a staff member in the Office of the Chief Accountant of The Securities and Exchange Commission. He also has experience with a major international public accounting firm. Professor Smith holds a Ph.D. from the University of Illinois and M.A. and B.B.A. degrees from the University of Missouri. He has published in numerous journals and has held offices in academic and professional accounting organizations. He has published in numerous journals and has held offices in academic and professional accounting organizations. He also led the task force that organize the 150-hour education requirement in Illinois. He has taught introductory accounting and all levels of financial accounting, including financial accounting for non-accountants at the S.E.C. and in numerous other programs. He has won awards for teaching excellence at both the undergraduate and M.B.A. levels. Teaching accounting to business managers has led to a life-long interest in improving the instruction of accounting and is reflected in this textbook. Professor Smith believes that accounting should be a manager's best friend.
