Jeff Wilks

Jeff Wilks

Director, EY Professor,
Accountancy, School of
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Office: 540A TNRB
Phone: 801-422-3930
Email: wilks@byu.edu
Website: http://marriottschool.byu.edu/directory/details?id=5337

Biography

Jeff is the Director and EY Professor of BYU’s School of Accountancy. Since 2000, he has taught financial reporting, applying both U.S. GAAP and IFRS to revenue recognition transactions, consolidation of variable-interest entities, transfers of financial assets, and fair-value measurement. He is the recipient of the 2011 Marriott School’s Teaching Excellence Award and the 2016 UACPA Outstanding Utah Educator Award.

Jeff’s research examines financial reporting policies, revenue recognition, auditing fair-value measurements, and fraud detection. He has published in The Accounting Review; Review of Accounting Studies; Contemporary Accounting Research; Auditing: A Journal of Practice & Theory; and Management Science. Jeff is also the founder and faculty advisor of RevenueHub, which has published over 50 articles on ASC Topic 606, Revenue Recognition in Contracts with Customers.

From 2006 to 2009, Jeff was an academic fellow at the Financial Accounting Standards Board (FASB) and a technical consultant to the International Accounting Standards Board (IASB). He managed the revenue recognition project, co-authored over 50 research memos, and led board deliberations on these memos. He also co-authored the 2008 FASB/IASB Discussion Paper on Revenue Recognition that formed the foundation of the new international revenue recognition standard issued in May 2014. 

While at the FASB, Jeff also served as a practice lead on two EITF projects that were later codified as Accounting Standards Updates 2009-13 (Multiple-Deliverable Revenue Arrangements) and 2009-14 (Certain Revenue Arrangements That Include Software Elements). These standards led to significant changes in revenue recognition policies for technology companies like Apple and Cisco.

Since returning to BYU, Jeff has served as a technical advisor to Connor Group, which provides GAAP review and SEC reporting guidance to firms preparing for IPO. He has advised clients on revenue recognition for digital goods, residential solar leasing arrangements, and pharmaceutical licensing and milestone arrangements. He has also served as a consulting expert for the Securities and Exchange Commission and in other legal matters. Jeff currently serves as a member of the FASB’s Financial Accounting Standards Advisory Council and the AICPA’s Revenue Recognition Task Force.

Education

  • Ph.D., Accounting, Cornell University, 2000
  • M.S., Accounting, Cornell University, 1999
  • B.S., Accounting, Brigham Young University, 1995

Selected Publications

Experience

    Professional
    • Academic Advisor / Technical Consultant, International Accounting Standards Board 2008 - 2009
    • Project Manager - Revenue Recognition, Financial Accounting Standards Board 2006 - 2008

Awards

  • 2011 Marriott School Outstanding Teaching Award , BYU Marriott School , 2011
  • Kristine V. Vest Fellowship , Marriott School , 2003
  • Outstanding Dissertation Award , Auditing Section, American Accounting Association , 2002
  • Doctoral Fellowship Award , Deloitte & Touche Foundation , 1998

Languages

  • Spanish

Professional Citizenship

  • Financial Accounting Standards Advisory Council Committee/Council Member January, 2014 - December, 2017
  • AICPA Revenue Recognition Task Force Committee/Council Member June, 2014 - June, 2016

Consulting

  • FASB Financial Accounting Standards Advisory Council (FASAC) — The council advises the FASB on standard setting priorities and emerging issues. It meets quarterly. January, 2014 - December, 2017