Philip Gelsomino Headshot

Philip Gelsomino

Senior Lecturer

Department of Finance and Accounting
Saunders College of Business

Office Location

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.


Personal Links

Currently Teaching

ACCT-110
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
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
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-490
3 Credits
A study of the legal, ethical, and technical environment in which the auditor works. Current auditing theory, standards, procedures, and techniques are studied. The audit process is studied to ascertain how it leads to the development of an audit opinion. The Sarbanes-Oxley Act and internal control issues are examined. Students are also introduced to accountants’ professional responsibility.
ACCT-708
3 Credits
A study of the legal, ethical, and technical environment in which the auditor works. Current auditing theory, standards, procedures, and techniques are studied. The audit process is studied to ascertain how it leads to the development of an audit opinion.
ACCT-709
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.

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