David Gray

Professor of Accounting; Chairperson, Department of Accounting and Finance

Accounting and Finance


+1 630 637 5586


David Gray arrived at North Central College in 2007 with over 15 years of public accounting and consulting experience.  During Gray's early career he served as a member of the audit staff in Grant Thornton's Chicagoland practice.  Gray held several positions with RSM (formerly McGladrey) where he advanced to a role of Director of Financial and Performance Improvement Consulting.  Throughout his consulting career Professor Gray worked primarily with middle-market manufacturing companies where he delivered cost accounting, financial modeling, and due diligence support assistance.

Professor Gray is committed to improving accounting pedagogy and was recognized by the Illinois CPA Society with the 2015 Outstanding Educator Award for continuous and outstanding contributions to accounting education in the state. Additionally, in 2019 Gray received the Clarence F. Dissinger Award for distinguished teaching and mentoring by a senior faculty member.



Selected Scholarship

Gray, D., & Daly, A. (2019). Home Technology Innovations, Inc.: Transitioning to the New Lease Accounting Standard. Journal of Accounting Education, 49 (100636). https://doi.org/10.1016/j.jaccedu.2019.100636

Gray, D., & Huels, B. (2018). Are Gift Cards Really Liabilities?  A Class Exercise Exploring Starbucks Corporation. North American Accounting StudiesVol. 1 (No. 1), PP 1–16. https://neiudc.neiu.edu/naas/vol1/iss1/1/

Gray, D. (2017). EcoBags, Inc.: Production Planning in a Standard Cost Environment. IMA Educator’s Case Journal10 (4), Article 2. https://www.imanet.org/educators/ima-educational-case-journal/iecj-index/2017/volume-10-issue-4?ssopc=1

Gray, D. & Hamsmith, G. (2009). Divisional Concerns at Patterson’s Fine Chocolates. Journal of Case Studies, Vol. 29. 

Hamsmith, G. & Gray, D. (2008). Patterson’s Fine Chocolates. Journal of Case Studies, Volume 28.

Courses Taught

Intermediate Accounting

Seminar in Financial Accounting

Managerial Accounting

Financial Analysis and Insights