Full-Time MBA


The study of an organization’s financial information, accounting is often referred to as the language of business. An organization’s financial performance and health are reflected in its balance sheet and income statement. Accounting gives you a framework from which you can quantifiably evaluate how choices are affected by incentives and resources. 

Cocurricular Activities - AccountingYou'll have the chance to explore activities outside the classroom in numerous ways that will also allow you to build new skills, relationships, and networks. These include: 

  • Corporate Finance Group - This group is dedicated to serving its members in their pursuit of a rewarding career in the field of finance. The Corporate Finance Group serves members with interests that cross various industries, including financial services, high tech, entertainment, and many others.
  • Distressed Investing and Restructuring Group - The Distressed Investing and Restructuring Group provides resources to its members and the Chicago Booth community to enable a better understanding of the field and to improve the competitive position of Chicago Booth students interested in entering turnaround and crisis management.
  • American Bankruptcy Institute Corporate Restructuring Competition - Students from leading business schools participate in the American Bankruptcy Institute Corporate Restructuring Competition to solve a realistic business case for a hypothetical, distressed company. Judges are experts in the turnaround/crisis management field.

You'll have the option of taking courses that address your individual career choices. Samples include:

  • Cost Analysis and Internal Controls - This course provides you with a framework to understand and use the cost and accounting information you will encounter in careers in consulting, operations, marketing, or general management. The course covers the vocabulary and mechanics of cost accounting, basic issues involved in the design of managerial accounting systems, and the role of managerial accounting resource allocation and performance evaluation.
  • Accounting and Financial Analysis I - This course looks at the firm's accounting policy for a particular type of transaction and determines how that policy choice affects its primary financial statements. You will learn how to question whether these effects fairly reflect the underlying economics of the firm's transactions using the lenses of accounting, economics, finance, and strategy. The goal is to improve your ability to use an accounting report as part of an overall assessment of the firm's strategy and the potential rewards and risks of dealing with the firm.
  • Accounting and Financial Analysis II - You will learn to read and utilize information in corporate financial statements and understand the economic essence of important classes of complex business transactions. The course integrates insights from financial economics with the complexities of financial accounting to explore important issues of deal structuring, valuation, organizational design, corporate restructuring, business strategy, and incentives.
  • Taxes and Business Strategy - Investment bankers, financial executives, and consultants who want to have a competitive advantage by understanding how taxes impact the structure and value of deals; as well as managers and analysts who need to understand how firms strategically respond to tax incentives will find this course useful. You will learn to integrate concepts from finance, economics, and accounting to achieve a more complete understanding of the role of taxes in business strategy.
  • Financial Statement Analysis - You will be exposed to a financial analysis framework that provides links among a firm's business, its financial statements and associated disclosures, forecasting, and valuation. The perspective taken is that of an external stakeholder relying on publicly-available information for decision-making purposes.

You’ll study with professors who conduct groundbreaking research and are recognized for their impact on academic literature, accounting practice and policy making, securities regulation, and other key aspects of the field.

Ray Ball

Ray Ball, Sidney Davidson Distinguished Service Professor of Accounting, is coauthor of an article that revolutionized the understanding of the impact of corporate disclosure on share prices, and of earnings releases in particular, laying the foundation for much of the modern accounting literature.

Philip G. Berger

Philip G. Berger, Wallman Family Professor of Accounting, has received several research prizes and counts among his publications one of the most widely cited papers by an accounting professor. Berger has been published in the Accounting Review, the Journal of Accounting & Economics, the Journal of Accounting Research, and other academic journals.

Hans B. Christensen

Hans B. Christensen, associate professor of accounting, studies international accounting harmonization, mandatory IFRS adoption, and disclosure behavior. He was also an auditor with the firm PricewaterhouseCoopers for four years, where he audited financial statements prepared according to US-GAAP, IFRS, and various national European accounting standards.

Merle Erickson

Merle Erickson, professor of accounting, studies the effect of taxes on the pricing and structuring of mergers, acquisitions, and divestitures, and the use of accounting information in valuation and contracting. He is also a coeditor of the Journal of Accounting Research, and has made presentations around the country, including at Stanford University, Massachusetts Institute of Technology, Columbia University, Duke University, and UCLA.

Pingyang Gao

Pingyang Gao, associate professor of accounting, studies disclosure regulation, accounting standards setting, incentive and contracting, and equity valuation. He has taught MBA- and PhD-level courses at Yale University and lectured in the China Professional Manager Qualification Program.

John Gallemore John Gallemore

John Gallemore, assistant professor of accounting, studies financial reporting and the banking sector with a focus on the effects of accounting on the behavior of financial institutions and their regulators. He has presented at several accounting and banking conferences, including the UNC Tax Symposium and the FDIC Bank Research Conference.

Joseph Gerakos

Joseph Gerakos, associate professor of accounting, studies the structure of markets for financial services. His current research focuses on competition in the audit market and performance of the asset management industry. Gerakos earned a PhD in applied economics from the University of Pennsylvania, an MBA in finance and accounting from the Wharton School of the University of Pennsylvania, and an AB in Russian language and literature from Dartmouth College.

Anya Kleymenova Anya Kleymenova

Anya Kleymenova, assistant professor of accounting, specializes in financial institutions; disclosure regulation and liquidity; and real effects of disclosure and regulatory changes on banks’ behavior. Prior to her doctoral studies, she worked as a competition and financial economist at Charles River Associates in London and Washington, DC.

Richard Leftwich

Richard Leftwich, Fuji Bank and Heller Professor of Accounting and Finance, has been a member of the faculty at the University of Chicago Booth School of Business since 1979, and he visited the Harvard Business School as a Marvin Bower Fellow in 1986 - 87. He has been deputy dean for faculty since July 2004.

Christian Leuz

Christian Leuz, Joseph Sondheimer Professor of International Economics, Finance and Accounting, studies the role of corporate disclosures, accounting transparency, and disclosure regulation in capital markets, corporate governance and financing, and international accounting. He is an executive board member of the Initiative on Global Markets, a research associate at the European Corporate Governance Institute, a fellow at Wharton's Financial Institution Center, and a member of the Shadow Financial Regulatory Committee.

Mark G. Maffett

Mark G. Maffett, assistant professor of accounting and Neubauer Family Faculty Fellow, studies international financial reporting, capital markets, institutional investors, liquidity, and valuation with a focus on the economic effects of financial reporting transparency in international capital markets. His papers have been accepted for publication in the Journal of Accounting & Economics, the Journal of Accounting Research, and Foundations and Trends in Accounting.

Michael Minnis

Michael Minnis, associate professor of accounting, studies the role of accounting information in allocating investment efficiently by both management and capital providers, the use of financial reporting in mitigating information opacity issues of privately held firms, and the interplay within management in the production and use of financial information. He particularly enjoys identifying unique data and methods to empirically examine issues in a novel way.

Valeri Nikolaev

Valeri Nikolaev, associate professor of accounting, studies the intersection of financial reporting and corporate finance. His current research focuses on the design of debt contracts and how contracting needs shape the qualities of financial reporting. His broad interests include the role of accounting in credit markets, corporate governance, transparency, and earnings management.

Haresh Sapra

Haresh Sapra, professor of accounting, studies the real effects of accounting measurement policies, disclosure regulation, and corporate governance. His current research deals with issues of disclosure, transparency, and financial reporting for financial institutions. For example, how do accounting measurement rules impact the optimal design of prudential regulation for financial institutions? His research has been published in journals such as The Accounting Review, Journal of Accounting Research, and Games and Economic Behavior

Douglas J. Skinner

Douglas J. Skinner, Eric J. Gleacher Distinguished Service Professor of Accounting, focuses his research on various aspects of corporate finance and financial reporting. His research has been prominently featured in articles in the Wall Street Journal, the Financial Times, the Economist, and BusinessWeek.

Abbie J. Smith

Abbie J. Smith, Boris and Irene Stern Distinguished Service Professor of Accounting, has experience as a corporate director and has served on audit, finance, and compensation committees. She feels this has given her an inside perspective on the determinants of corporate investment, restructuring, financing, as well as reporting behavior, and their implications for firms' current and future performance.

Lenny Soffer

Lenny Soffer, clinical professor of accounting, studies corporate valuation, capital markets, and accounting information. As a consultant, he worked with numerous companies, including the Ghirardelli Chocolate Company, where he developed an interactive computer-based model for pricing industrial chocolate contracts. He has been quoted in the Chicago Tribune, the Chicago Sun-Times, and Crain's Chicago Business.

Ira Weiss

Ira Weiss, clinical professor of accounting and entrepreneurship, specializes in accounting topics and teaches advanced MBA courses in both tax strategy and entrepreneurship. He is also the faculty director of Hyde Park Angels, an angel investing group affiliated with the Polsky Center for Entrepreneurship and Innovation.

Regina Wittenberg Moerman

Regina Wittenberg Moerman, associate professor of accounting, specializes in financial reporting quality, financial contracting and information asymmetry, financial intermediation, and bond analysis. She has held positions at the Ministry of Finance in Jerusalem and the banking supervision department of the Bank of Israel.

Anastasia Zakolyukina

Anastasia Zakolyukina, assistant professor of accounting, studies corporate governance and incentives, accounting manipulation, linguistic analysis of disclosures, and accounting-based risk assessment. Her most recent work, titled “Detecting Deceptive Discussions in Conference Calls,” has been mentioned in The Economist, NPR, the Wall Street Journal, New York Times, CBC, CNBC, and Bloomberg.

Sarah L. Center Zechman

Sarah L. Center Zechman, associate professor of accounting and Neubauer Family Faculty Fellow, is interested in firm communications, financial reporting choices, and managerial incentives. Before joining Chicago Booth in 2008, she taught at the Wharton School at the University of Pennsylvania. 

Mark Zmijewski

Mark Zmijewski, Leon Carroll Marshall Professor of Accounting, focuses his academic writing and consulting on issues related to valuation, security analysis, and the effect of financial and other disclosures on capital market participants and security prices. 

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