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
LOW-3310

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-490
Auditing
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
Advanced Topics in Auditing and Assurance
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
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.
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.