June 22, 2006

Revsine Professorship for financial reporting

Kellogg School of Management alumnus Michael Shannon and his wife Mary Sue have made a $1 million gift to establish the Lawrence Revsine Research Professorship in Accounting.

The gift honors Lawrence Revsine, the John and Norma Darling Distinguished Professor of Financial Accounting. It will be awarded to junior faculty engaged in financial reporting research.

Shannon, a 1983 graduate and managing director of KSL Capital Partners, said the gift honors his former accounting professor. “Larry Revsine is a brilliant teacher and motivator and has a uniquely effective style of making accounting come alive in the classroom.”

Revsine, who received the American Accounting Association’s Outstanding Educator Award in 1992 and the Illinois CPA Society Outstanding Educator Award in 1993, said that he and Shannon met in 1980 when Revsine served as a consultant in the First Chicago Banking School, where Shannon worked before pursuing his studies at Kellogg.

Revsine, who has been honored with the L.G. Lavengood Outstanding Professor of the Year Award, has published nearly 60 articles in leading academic and applied journals and has lectured throughout the world on these research topics, as well as on the pedagogical approach he has developed.

“I aim to bring my own research and enthusiasm into the classroom,” Revsine said. “Over the years, I developed a more exciting ‘financial statement detective' approach to the material that was one of the earliest forensic accounting-driven financial reporting courses.”