Illinois’ landmark contributions to accounting research and education date back to 1902, when the first accounting courses were developed. The Illinois tradition of excellence in graduate accountancy education began with the awarding of the Department’s first master’s degree in 1922 and its first Ph.D. in 1939.

Accounting research examines how accounting information is generated, measured, organized, and disclosed.  Accounting research also examines how stakeholders use accounting information, the regulatory environment in which the accounting profession operates, the effects of standard setting bodies, and the judgment and decision making of accounting professionals and other business stakeholders.

Accounting research encompasses a broad range of topics, including laboratory experiments that attempt to provide an understanding of how decision makers use accounting information, empirical tests of market reactions to publicly available accounting information, analytical models illustrating how owners and managers resolve conflicts, empirical research related to taxation policy, artificial intelligence and expert systems in auditing, and the development of experimental markets.

Accounting research can be classified in a three-dimensional framework that is defined on the following axes: a) Accounting Domain; b) Research Methodology; and c) Core Discipline/Theoretical Framework.  Almost every specialization in this framework is represented in Illinois’ diverse faculty, making Illinois an ideal place to learn and to conduct research.

Clara Chen
Associate Professor, University of Illinois  


Brooke Elliott
Professor, University of Illinois