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David McConomy

Director (Graduate Diploma in Accounting) & Adjunct Assistant Professor

Overview

David J. McConomy graduated with an MBA from Queen's University, with a major in Finance and Accounting in 1969, after receiving a BA (Econ) from Loyola of Montreal. After qualifying as a Chartered Accountant with Arthur Andersen in Toronto, his thirty year career in the high tech business focused mainly on the Finance and Accounting requirements of rapidly growing businesses.

He joined the Smith School of Business in 2001 and has taught accounting and financial management courses at both the undergraduate and graduate levels, during which time he has won many teaching awards and other accolades. He is the Director of the Graduate Diploma in Accounting Program and is a fellow of the Dunin-Deshpande Queen’s Innovation Centre.

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Academic Area

  • Accounting

Interest Topics

Faculty Details

Profile

Full Bio

David J. McConomy graduated with an MBA from Queen's University, with a major in Finance and Accounting in 1969, after receiving a BA (Econ) from Loyola of Montreal. After qualifying as a Chartered Accountant with Arthur Andersen in Toronto, his thirty year career has focused mainly on the Finance and Accounting requirements of small to medium sized businesses.

He has gained considerable experience assisting young companies, mainly in the technology field, in strategic planning and corporate finance. As Chief Financial Officer of Systemhouse Ltd. (which was later sold to MCI and subsequently to EDS), he was instrumental in the process of taking that company public. During his tenure with Systemhouse, revenues rose from $16.5 million to in excess of $100 million.

While acting as Vice President Finance on a contract basis with Antares Electronics Inc, he assisted in raising $20 million (through venture capital investments, sale and leaseback transactions and restructuring bank lines of credit) to enable the company to become one of Profit Magazine's fastest growing companies, as revenues increased over a three year period from $36 million to $100 million. Most recently, he assisted ComentiX Computer Systems Inc. to become a public company and to raise funds from a variety of sources to funds its growth.

Mr. McConomy has taught accounting and financial management (at the undergraduate and MBA levels) on both a full time and part time basis at University of Ottawa, Queen's University and, internationally, in association with the Academy of Economic Studies in Bucharest, Romania.

Academic Degrees

MBA, Finance
Queen's University (1969)

BA, Economics
Loyola of Montreal (1967) 

Academic Experience

Smith School of Business, Queen’s University
Assistant Professor (2001 - Present)
Director, Graduate Diploma in Accounting (2013 - Present)

University of Ottawa
Part-time Professor (1999-2005)
Assistant Professor (1976-1979, 1994-1995)

Awards

Scholarships

CICA Scholarship, Queen's University (1968)

Teaching Awards

Queen’s Alumni Assocaition Mentorship Award (2019)

Smith Commerce ICBC Arnoldi Award (2019)

COMM 89 Professor * Student Life Award (2009-2010, 2010-2011, 2011-2012, 2012-2013, 2013-2014, 2014-2015, 2015-2016)

Teaching Excellence Award (2005-2006, 2010-2011, 2011-2012, 2013-2014)

Faculty Lifetime Achievement Award (2011-2012)

Nominated for the Frank Knox Award for Excellence in Teaching (2004-2005, 2009-2010)

Professor * Student Life Award (2006, 2009-2016, 2019-2020)

Essence of COMM ’09 -- Faculty (2008-2009)

Most Dependable Commie (2007-2008)

Honorary ComSoc President (2003-2004)

Grants & Funding

D.I. McLeod Fellowship (1968)

D.I. McLeod Scholarship (1968)

Service

Community Involvement

  • Forum For Young Canadians, 1984 - 1994
  • Ashbury College Board Member, 1984 - 1992
  • United Way Ottawa-Carleton Cabinet, 1980 - 1984
  • Financial Executives Institute, Smith School of Business, 1980 – 1990
  • Secretary to Faculty Board, 2005 - 2020
  • Queen’s AMS Board of Directors, 2009 - 2016

Professional Certifications

CA
Ontario Institute
1972