Philip Gelsomino Headshot

Philip Gelsomino

Senior Lecturer

Department of Finance and Accounting
Saunders College of Business
pgelsomino@saunders.rit.edu
585-698-8730
Office Location
ROS-A172

Philip Gelsomino

Senior Lecturer

Department of Finance and Accounting
Saunders College of Business

Education

BS, MS, Rochester Institute of Technology; CPA, New York

Bio

Philip Gelsomino II joined the Accounting Department in 2013 and teaches a variety of undergraduate and graduate accounting, tax, and entrepreneurship courses at the Rochester, NY and Beijing China campuses. He earned his Masters Degree in Entrepreneurship and Innovative Ventures from RIT in 2018 and his Bachelors of Science in Accounting also from RIT in 1986. After completion of his Bachelors Degree he started his own CPA Firm, providing income tax, accounting, and audit services to over 1,200 individual and corporate clients. Philip later became the CEO of The Restaurant Group LLC, a Perkins Restaurant & Bakery franchisee, which constructed and operated seven restaurants in Western New York.

pgelsomino@saunders.rit.edu
585-698-8730
Personal Links
Curriculum Vitae

Currently Teaching

ACCT-110
Financial Accounting
3 Credits
An introduction to the way in which corporations report their financial performance to interested stakeholders such as investors and creditors. Coverage of the accounting cycle, generally accepted accounting principles, and analytical tools help students become informed users of financial statements.
ACCT-210
Management Accounting
3 Credits
Introduction to the use of accounting information by managers within a business. Explores the value of accounting information for the planning and controlling of operations, assessing the cost of a product/service, evaluating the performance of managers, and strategic decision making.
ACCT-420
Personal and Small Business Taxation
3 Credits
A basic introductory course in federal income taxation. Emphasis is on taxation of individuals and sole proprietorships. Topics include income measurement and deductibility of personal and business expenses.
ACCT-709
Basic Taxation
3 Credits
A basic introductory course in federal income taxation. Emphasis is on taxation of individuals and sole proprietorships. Topics include income measurement and deductibility of personal and business expenses.
ACCT-801
Accounting and Organizational Goals
2 Credits
This course provides an understanding of how accounting helps organizations achieve their goals. Special emphasis is given to the resolution of controversial accounting issues within the context of a firm's goals. Topics include standards and practices of financial reporting, financial statements, inventories, long-term assets, bonds and other liabilities, and stockholders' equity.
ACCT-802
Managerial Accounting
2 Credits
Managerial Accounting emphasizes identifying and applying the techniques used by managerial accountants to measure the cost of goods and services produced by the firm. The course focuses on understanding how managerial accounting is used to help organizations achieve their goals.
MGMT-765
Applied Venture Creation
3 Credits
This graduate course enables students to learn the entrepreneurial (value creation) process by advancing a business idea. The course provides weekly seminars focusing on customer discovery and business model development and weekly coaching mentoring sessions with an established entrepreneur/early stage marketer. The project is team based. Students may enter the course with a business concept or be integrated into an existing team in the course.

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