Loyola University Chicago

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Loyola University Chicago

Quinlan School of Business


Thomas L. Zeller

Title/s: Professor

Office #: Maguire 524

Phone: 312.915.7626

E-mail: tzeller@LUC.edu


Research Interests

Professional & Community Affiliations

Courses Taught



Research Listings

Refereed Articles 

Zeller, T.L., Metzger, L.M. (2013). Good Bye Traditional Budgeting, Hello Rolling Forecast: Has The Time Come? American Journal of Business Education, 6(3), 13.

Stanko, B.B., Zeller, T.L., Jin H. (2012). Investigating Presentation Change in Company Annual Reports". Academy of Accounting and Financial Studies Journal, 16(3). www.alliedacademies.org/public/journals/JournalDetails.aspx?jid=21

Zeller, T.L., Palzer, T., Tressler, A. (2011). Fire the Big Box!? Issues in Accounting Education, 26(2), 421-438.  Co-authors - Palzer, Thomas and Tressler, Andrew.

Zeller, T. L.. Stanko, B. B. "The Arrival of A New GAAP: International Financial Reporting Standards." Journal of Business & Economics Research (2010).

Zeller, T.L., Stanko, B. "Risk Manage Capital Investment Decisions: A Lease vs Purchase Illustration." Journal of Applied Business Research, 25. 3 (2009).  

Zeller, T. L., Stanko, B., Werner, C. "Sexual Harassment in the Public Accounting Profession: Ten Years Later." Journal of Accounting, Ethics & Public Policy, 10. 2 (2009).  

Zeller, T. L., Stanko, B. "Quality Engineering Services: A Capital Investment Decision." Issues in Accounting Education (2008). 

Zeller, T.L., Hill, J. "The New Value Imperative for Privately Held Companies The Why, What, and How of Value Management Strategy,." Business Horizons (2008).  

Zeller, T. L., Stanko, B. "MIRR-acle Measure:Modified internal rates of return could be your key to making the right cap-X decisions." Insight (2007).  

Zeller, Thomas., Stanko, B. "How Risky Are Your Capital Expenditures?" Strategic Finance (2005).  

"The New Age of Financial Reporting," Business & Economic Review , 50, no. 3 (Apr-Jun 2004): p. 3-12 2004 , Co-Authors: Stanko, Brian B

"Strategic Alignment Map: A Program Management Tool ," Journal of Executive Education, Volume 2, Number 1 2003 , Co-Authors: Paul Jensen, Roberta Jannsen, Enrique Venta

"Focused E-tail Measurement and Resource Management," Business Horizons, Jan-Feb, Vol. 45, No. 1 2002 , Co-Authors: D. Kublank

"How art.comTM Uses ABC to Succeed," Strategic Finance, Vol. LXXXII, No. 9 2001 , Co-Authors: D. Kublank, P. Makris

"Activity-Based Cost Accounting for the Practicing Surgeon: A Primer," Seminars in Colon & Rectal Surgery, Vol. 11, No. 2 2000 , Co-Authors: A. Senagore

"Measuring and Managing E-Retailing with Activity-Based Costing," Journal of Cost Management, Vol. 14, No. 1, January/February 2000

"Using Activity-based Costing to Track Resource Use in Group Practices," Healthcare Financial Management, Vol. 53, No. 9 1999 , Co-Authors: G. Siegel, G. Kaciuba, A.Hing Ling Lau

"Manage Indirect Practice Expense The Way You Practice Medicine: With Information," Diseases of the Colon and Rectum, Vol. 42, No. 5 1999 , Co-Authors: A. Senagore, G. Siegel

"Purchasing Power Parity and the Foreign Currency Translation Problem," Corporate Controller, Vol. 11, No. 2 1999 , Co-Authors: B. Stanko, S. Makar

"The ABCs of EPS," Business & Economic Review, Vol. 44, No. 3 1998 , Co-Authors: B. Stanko

"A New Perspective on Hospital Financial Ratio Analysis," Healthcare Financial , Vol. 51, No. 11 1997 , Co-Authors: B. Stanko and W. Cleverley

"The Role of Supply Management in Achieving World-Class Manufacturing," Target: Innovation At Work, Vol. 13, No. 4 1997

"Health Care Industry Cash Flow Ratio Analysis: An Efficiency and Sufficiency Perspective," Hospital Cost Management and Accounting, Vol. 8, No. 10 1997 , Co-Authors: B. Stanko

"Reliability of Foreign Currency Translation Information Under the Temporal Rate Method: A Problem with SFAS No. 52," International Advances in Economic Research, Vol. 2, No. 4 1996 , Co-Authors: S. Makar and B. Stanko

"A Revised Classification Pattern of Hospital Financial Ratios," Journal of Accounting and Public Policy, Vol. 15, No. 2 1996 , Co-Authors: B. Stanko and W. Cleverley

"Financial Reporting of Environmental Liabilities: Implications for Commercial Carriers," Journal of Transportation Management, Vol VIII, No. 1 1996 , Co-Authors: B. Stanko

"Integrating Cash Flow and Accrual Accounting in the Classroom: Why, When and How.," Communicator, May 1996 , Co-Authors: G. Porter

"Comprehensive Course Planning: An Illustration," Accounting Instructors Report, Vol. XVI, Spring 1996 , Co-Authors: Ivo Ph. Jansen

"Environmental Liability in Financial Reporting," Business & Economic Review, Vol. 41, No. 2 1996 , Co-Authors: B. Stanko

"Achieving Market Excellence Through Quality: The Case of Ford Motor Company," Business Horizons, Vol. 38, No. 3 1995 , Co-Authors: D. Gillis

"Measures To Help You Competitively Walk That Talk," Target: Innovation At Work, Vol. 10, No. 6, 1994

"Operating Cash Flow Ratios Measure A Retails Firm's ," The Journal of Applied Business Research, Vol. 10, No. 4 1994 , Co-Authors: B. Stanko

"Financial Ratios for the Commercial Banking Industry: Do They Measure What You Think?," Journal of Business and Economic Perspectives, Vol. XX , No.1 1994 , Co-Authors: B. Stanko

"ABCs of ABC," Target: Innovation At Work, Vol. 10, No. 2 1994

"Cash Flow and the New Taxonomy of Financial Ratios for Manufacturing Firms," The Southern Business and Economic Journal, Vol. 17, No. 2 1994 , Co-Authors: B. Stanko

"Cash Flow Ratios To Measure Liquidity And Performance For Transportation Manufacturing Firms," Journal of Transportation Management, Vol. V, No. 2 1993 , Co-Authors: B. Stanko

"Estimating Investment Growth Rate and Conditional Internal Rate of Return," The Journal of Applied Business Research, Vol. 9, No. 4 1993 , Co-Authors: H. K. McMath

"Activity-Based Management: An Approach to Managing Your Organization," Target: Innovation At Work, Vol. 9, No. 3 1993 , Co-Authors: L. Tonkin

"An Analysis Of Performance, Liquidity, Coverage and Capital Ratios From The Statement Of Cash Flows," Akron Business and Economic Review, Vol. 22, No. 1 1991 , Co-Authors: R. Figlewicz

"New Investing and Financing Activity Ratios from the Statement of Cash Flows Enhance Traditional Ratio Analysis in Assessing Future Cash Flows," Mid-Atlantic Journal of Business: Special Accounting & Tax Issue, Vol. 26, No. 2 1990 , Co-Authors: R. Figlewicz

"Ratios from The Statement of Cash Flows Complement Traditional Analysis," Financial Management, Vol. 17, No. 4 1988 , Co-Authors: R. Figlewicz


Stanko, Brian. B. and Thomas Zeller, Introduction to the Corporate Annual Report: A Business Application, second edition. (2007).

Stanko, Brian. B. and Thomas Zeller, Introduction to the Corporate Annual Report: A Business Application, third edition. (2011). 

Book Chapters 

Stanko, B.B., Zeller, T.L. (2013). Business and Accounting Essentials: A McDonald's E-Learning Project, 2nd Edition (2nd ed.). Illinois: Applied Accounting Analytics.

Stanko, B.B., Zeller, T.L. (2013). Sustainability and Corporate Responsibility Reporting: A McDonald's (E)arth Learning Project, First Edition (1st ed.). Palatine, Illinois: Applied Accounting Analytics.

Zeller, Thomas. L. , "Statement of Cash Flows.",  Managerial Accounting, Third Edition. Ed. John Wiley & Sons, 2007.  

Teaching Cases

Stanko, B.B. (2013). Business and Accounting Essentials: A McDonalds E-Learning Project, 3rd Edition (3rd ed.) Palatine, Illinois: Applied Accounting Analytics. www.appliedaccountinganalytics.com

Stanko, B.B. (2013). Sustainability and Corporate Responsibility Reporting: A McDonald's (E)arth Learning Project, 2nd Edition (2nd ed.) Palatine, Illinois: Applied Accounting Analytics. www.appliedaccountinganalytics.com

Presentation of Refereed Papers 

"Investing Presentation Change in Company Annual Reports has been accepted for publication in the Academy of Accounting and Financial Studies Journal. Source e-mail dated 10/19/2011.  Co-authors – Stanko, B, Jin H.

“Customer Profitability Analysis,” Academy of Business Discipline Conference, November 2010, recognized as the best case at the conference.

Zeller, Thomas. (2005). "Using Annual Report Projects to Improve Financial Statement Understanding." AAA National Meeting, San Francisco, California.

Zeller, Thomas. (2009). "Customer Profitability Analysis." Illinois, Indiana, and Texas Controllers Conference, Chicago, Illinois.

Zeller, Thomas. (2007). "Balance Growth and Performance." Illinois, Indiana and Texas Controllers Conference, Chicago, Illinois.

Zeller, Thomas. (2006). "Evaluating Risk and Capital Investments." CPA Society Technology Conference, Chicago, Illinois.


Quinlan School of Business · 820 N. Michigan Ave., Chicago, IL 60611
Phone: 312.915.7057 · quinlan@luc.edu

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