Terry_Patton

Dr. Terry K. Patton CPA, CGMA, CGFM

FASAB Board Member, Professor, FASAB Board

Terry K. Patton, PhD, CPA, CGMA, CGFM, is the Robert Madera Distinguished Professor of Accounting in the Dillard College of Business Administration at Midwestern State University in Wichita Falls, Texas. He teaches governmental and nonprofit accounting, as well as auditing and financial accounting. He is a coauthor of the first and second edition of a textbook, Accounting for Governmental and Nonprofit Organizations, which is published by Cambridge Business Publishers. Dr. Patton received his bachelor's degree from Midwestern State University, a master's degree from the University of North Texas, and a Ph.D. from Texas Tech University.

Dr. Patton serves as a board member on the Federal Accounting Standards Advisory Board (FASAB), which establishes financial reporting standards for the United States federal government. He serves on the Governmental Accounting Standards Advisory Council (GASAC), which consults with the Governmental Accounting Standards Board (GASB) on technical issues.

Dr. Patton began his career in public accounting in Wichita Falls, where he audited businesses and local governments. Later, he served as a project manager and as the research manager for the GASB. He has coauthored a governmental accounting book for practitioners, Guide to Governmental Financial Reporting Model: Implementing GASBS No. 34. He has published articles in the Accounting Review, Accounting Horizons, the Journal of Accounting and Public Policy, and the Journal of Public Budgeting, Accounting, and Financial Management, among others.


Appearances