David Gray

Associate Professor of Accounting; Chair 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. In addition to his roles at NCC, Gray operates his own consulting practice.



Selected Scholarship

Author, "Nonarticulation in the Statement of Cash Flows: A Longitudinal Study of Working Capital Items" (working paper)

Author, "Are Gift Cards Really Liabilities?: A Class Exercise Using Starbucks Card Data" (working paper)

Item Writer, American Institute of Certified Public Accountants, December 2010

Case Study Co-Author, “Divisional Concerns at Patterson’s Fine Chocolates,” Annual Advances of Business Cases 2009, Society for Case Research, Volume 29

Case Study Co-Author, “Patterson’s Fine Chocolates,” Annual Advances of Business Cases 2008, Society for Case Research, Volume 28

Courses Taught

Intermediate Accounting

Seminar in Financial Accounting

Managerial Accounting