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Faculty & Research

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Thomas F Schaefer

KPMG Professor in Accountancy


Professor Schaefer holds a Ph.D. in Accounting from the University of Illinois. He served as Chairman of the Department of Accountancy at the University of Notre Dame from 1998 to 2007. Professor Schaefer is a co-author of Advanced Accounting, 11th edition, a textbook on accounting for mergers and acquisitions published by Irwin/McGraw-Hill. He is active in the American Accounting Association (AAA) and the International Association for the Advancement of Collegiate Schools of Business (AACSB).




  • Accounting for Mergers & Acquisitions
  • Measurement & Disclosure I



"Asset Sales or Loans: The Case of Lehman Brothers' Repo 105s," (with Chao-Shin Liu), To appear in Accounting Educators' Journal, XXI, December, 2011, pp. 79-88.

"Analysts' Forecast Revisions and Firms' Research and Development Expenses," (with Jennifer Li-Chen Ho, Chao-Shin Liu, ),  Review of Quantitative Finance and Accounting, 28, April (2nd Quarter/Spring), 2007, 307-326 .

"Accounting Conservatism and the Valuation of Accounting Numbers: Evidence on the Feltham-Ohlson (1996) Model," (with A. Ahmed, R. Morton),  Journal of Accounting, Auditing, and Finance, 2000.

"Implications of Investment Opportunities for the Pricing of Earnings," (with J. Jones, R. Morton),  Review of Quantitative Finance and Accounting, II, 2000, 21-35.

"The Value-Relevance of SFAS No. 95 Cash Flows from Operations as Assessed by Security Returns," (with C. S. Cheng, C. S. Liu),  Accounting Horizons, 1997.

"Earnings Permanence and the Incremental Information Content of Cash Flows from Operations," (with C. S. Cheng, C. S. Liu),  Journal of Accounting Research, 1996.


Advanced Accounting, (with Hoyle, Doupnik), McGraw Hill Education (December2013).

Advanced Accounting 11th edition, (with Hoyle, Doupnik), McGraw Hill-Irwin (2012).

Advanced Accounting, 10th edition, (with Hoyle, Doupnik), McGraw/Irwin (2010).