Faculty & Staff Directory


Dr. Jonathan Duchac is the Wayne Calloway Professor of Accounting in the Wake Forest University Schools of Business. Dr. Duchac earned his Ph.D. in accounting from the University of Georgia and currently teaches introductory and advanced courses in financial accounting and risk management. He has received a number of awards during his career, including the Wake Forest University Outstanding Graduate Professor Award, the T.B. Rose Award for Instructional Innovation, the University of Georgia Outstanding Teaching Assistant Award, and the 2008 Fulbright Distinguished Chair in Business at the Vienna University of Business and Economics.

In addition to his teaching responsibilities, Dr. Duchac is actively involved in the business community. He has been a retained speaker by the CFA Institute, where he is invited to speak around the world on financial accounting and risk management issues. Dr. Duchac has served as Accounting Advisor to Merrill Lynch Equity Research, where he worked with research analysts in reviewing and evaluating the financial reporting practices of public companies. He also works extensively with Wells Fargo Securities and the Janus Capital Group. Dr. Duchac has testified before the U.S. House of Representatives, the Financial Accounting Standards Board, and the Securities and Exchange Commission on a variety of financial accounting topics, and has worked with major public companies on financial reporting, risk management, and accounting policy issues. In addition to his professional interests Dr. Duchac is an avid runner and mountain biker.

  • Ph D, University of Georgia (Business / Accounting) - 1993
  • MAcc, University of Wisconsin-Madison (Accounting) - 1988
  • BBA, University of Wisconsin-Madison (Accounting) - 1986

Research Interests

  • Financial Statement Analysis
  • International Accounting Issues
  • Risk Management
  • Financial Services Industry
  • Accounting for Financial Instruments and Derivatives
  • Accounting for Pension Plans

Teaching Interests

  • Risk Management
  • Financial Statement Analysis
  • Financial Accounting

  • Duchac, J. ,  Campbell, J. L. , &  Faegin, J. (2017). The Use of Fair Value Accounting in Risk Management of Non-Financial Firms. In Garen Markarian (Ed.), The Routledge Companion to Fair Value Accounting : European Accounting Association.
  • Duchac, J. (2014). Accounting 26e. Cengage.
  • Duchac, J. (2014). Corporate Financial Accounting 13e. Cengage.
  • Duchac, J. (2014). Financial Accounting 14e. Cengage.
  • Duchac, J. (2014). Financial and Managerial Accounting 13e. Cengage.
  • Duchac, J. (2014). Managerial Accounting 13e. Cengage.
  • Duchac, J. (2014). EXECUTIVE COMPENSATION AT BANKS RECEIVING FEDERAL ASSISTANCE UNDER THE TROUBLED ASSET RELIEF PROGRAM (TARP). Journal of Legal, Ethical, and Regulatory Issues, 16 (1)
  • Amoruso, A. , &  Duchac, J. (2014). Special Purpose Entities and the Shadow Banking System: The Backbone of the 2008 Financial Crisis. Academy of Accounting and Financial Studies Journal, 17 (1)
  • Duchac, J. (2012). Accounting 25e. Cengage.
  • Duchac, J. (2012). Corporate Financial Accounting. Cengage.
  • Duchac, J. (2012). Financial Accounting. Cengage.
  • Duchac, J. (2012). Financial and Managerial Accounting. Cengage.
  • Duchac, J. (2012). Managerial Accounting. Cengage.
  • Duchac, J. (2012). A Descriptive Study of the Characteristics of the Introductory Accounting Course . Issues in Accounting Education, | more information
  • Lewis, B. ,  Duchac, J. , &  Beets, D. (2011). An Academic Publisher's Response to Plagiarism. Journal of Business Ethics, 102, 489-506.
  • Duchac, J. (2011). Corporate Financial Accounting. Cengage.
  • Duchac, J. (2011). Financial and Managerial Accounting. Cengage.
  • Duchac, J. (2011). Managerial Accounting. Cengage.
  • Duchac, J. ,  Reeve, J. , &  Warren, C. (2010). Accounting. Cengage / Southwestern.
  • Duchac, J. ,  Reeve, J. , &  Warren, C. (2010). Financial Accounting. Cengage / Southwestern.
  • Duchac, J. ,  Reeve, J. , &  Warren, C. (2010). Accounting Using Excel for Success. Cengage / Southwestern.
  • Duchac, J. (2008). Financial and Managerial Accounting. Cengage.
  • Duchac, J. (2008). Managerial Accounting. In (Ed.), (pp. 704). ohio: Cengage.
  • Duchac, J. (2008). Corporate Financial Accounting. Cengage.
  • Duchac, J. (2008). Financial Accounting 10e. Cengage. | more information
  • Duchac, J. (2008). Accounting 23 e. Cengage Learning. | more information
  • Duchac, J. , &  Douthett, E. (2007). FAS 142: Developing a Framework for Assessing the Useful Life of Branded Pharmaceutical Products. Journal of Theoretical Accounting Research,
  • Duchac, J. , &  Douthett, E. (2006). An Analysis of the Initial Adoption of FAS 141 and 142 in the Pharmaceutical Industry. Academy of Accounting and Financial Studies Journal,
  • Duchac, J. (2006). Financial Accounting. Thomson Southwestern.
  • Duchac, J. ,  Douthett, E. , &  Goldberg, S. R. (2006). SOX: Unintended dilemmas for auditing. Journal of Corporate Accounting and Finance,
  • Duchac, J. , &  Goldberg, S. R. (2006). Controlling Pension Costs: Why is it so difficult? Journal of Corporate Accounting and Finance, 17 (3), 23-29.
  • Duchac, J. , &  Castellino, C. (2006). Disaster Recovery at Merrill Lynch Following the Events of September 11, 2001. Journal of the International Academy for Case Studies ,
  • Duchac, J. ,  Reeve, J. , &  Warren, C. (2005). Financial Accounting: An Integrated Statements Approach. Thomson Southwestern.

  • 2010 - NCACPA Outstanding Presenter, NCACPA
  • 2009 - Authors, Editors, and Fine Artists Award, WFU Provost's Office & Research and Sponsored Prpgrams
  • 2009 - Prominent Faculty Member Distinction, Business Week
  • 2007 - Fulbright Distinguished Chair, U.S. Fulbright Commission
  • 2007 - Prominent Faculty Member Distinction, Business Week
  • 2007 - Authors, Editors, Fine and Performing Artists Award, Provost's Office
  • 2007 - Outstanding Graduate Professor Award, Calloway School Accounting Program
  • 2006 - Authors, Editors, Fine and Performing Artists Award, Office of the Provost
  • 2006 - Prominent Faculty Member Distinction, Business Week
  • 2005 - Best Paper Award, 2005 International Academy for Case Studies Summer Conference
  • 2004 - TB Rose Award for Teaching Innovation, Calloway School of Business
  • 2002 - Outstanding Graduate Professor Award, Calloway School
  • 1993 - Outstanding Graduate Teaching Assistant, University of Georgia

  • October 6, 2017 - Controversial Tax Deduction Scrutinized, Des Moines Register | more information
  • October 6, 2017 - Tax Deduction for Nothing, Des Moines Register | more information
  • October 6, 2017 - Tax Deductions Given Away Twice, Des Moines Register | more information
  • December 1, 2012 - Reaching the Me Generation, Cengage Publishing | more information
  • February 1, 2012 - What They Are Saying, Winston-Salem Journal
  • December 12, 2008 - Jonathan Duchac ber Chancen in der Krise., Die Presse
  • October 29, 2008 - Reality Check, ORF FM4 Austrian Radio
  • October 3, 2008 - Shareholders Weigh Options At Wachovia, Winston-Salem Journal