BMGT 428D - Accounting's Future, Present, and Past (Europe-NYC-DC)*Some visits in Washington, DC will occur after the 19th.
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| Faculty | Jim McKinney, Clinical Professor of Accounting and Information Assurance |
| Program Fee | $3,900 (approximately). (Final Program Fee tba) |
| Scholarships | Details about scholarships will be available in September. Please visit the financing study abroad page for information. |
| Application | Application deadline is October 1, 2016. Application details at: globalmaryland.umd.edu. Note: Admission of students with complete applications is on a competitive basis but rolling admission and application review will take place prior to the "last day to apply" date. Admissions notifications will be sent on or after the decision date. Upon submission of your application, please send an email to jmckinney@rhsmith.umd.edu at the same time. |
This course will explore current topical themes in accounting in the United States and abroad as well as look at historic foundations of accounting that brought us to this point. A large part of the course would include visits to sites that are significant to the development of the accounting profession and offices of accounting thought leaders. The course will explore histories behind the institutions and the how to research accounting and auditing pronouncements and publications developed by these same institutions. Students will have the option to gain experience working with professional accounting and auditing research databases as well as other databases that are useful for accounting and auditing research. The course is structured in anticipation of meeting the New York State accounting research requirement for the CPA Exam for those who include the research option. This course will count as an accounting elective for degree requirements for students majoring in accounting.
"In addition to the educational benefits, I view this course as an employment vehicle - with all of our New York and DC large accounting firm recruiters being made aware of the participants and at times interacting with them. The organizations and persons we will meet with, affect virtually every professional accountant in the US and most accountants overseas and affect almost all large multinational corporations. The organizations they will visit will be integral to their lives as professional accountants and will only increase in importance to them as they progress through their careers. Students will be able to compare the professional and educational careers of professional accountants in the US, UK, and Belgium. Students will gain experience working with professional accounting and auditing research databases as well as other databases that are useful for accounting and auditing research." - Jim McKinney, Course Leader
This course is open to all majors but will primarily benefit accounting majors. This course is accounting focused with almost all visits having an accounting theme. Students must have satisfactorily completed BMGT 220 - Principles of Accounting I prior to start of course.
When this course was taught in 2014 with the course going to Italy instead of Belgium here are some of the accounting thought leaders we met with (alphabetical within city):
As well as representatives and partners of the Big Four accounting firms in both the London and New York offices and representatives from the AICPA, FASB, IAASB, IASB, ICAEW, SEC, PCAOB, and CAQ. We also met with the New York recruiters for the five accounting firms we visited in the US as well as firm recruiters in the UK.
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**Professional and other inclusive visits listed are planned visits but will need to be arranged
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**Professional and other inclusive visits listed are planned visits but will need to be arranged
**Professional and other inclusive visits listed are planned visits but will need to be arranged
**Professional and other inclusive visits listed are planned visits but will need to be arranged
**Professional and other inclusive visits listed are planned visits but will need to be arranged
PROGRAM DETAILS: International flights should not be booked until confirmation of course acceptance. Once registered for the course, students are advised, but not required, to purchase refundable airplane tickets to counter any inconvenience caused by a change in unforeseen circumstances. Oftentimes, students have made their travel arrangements through STA Travel, a discount student travel agency. Each student will, however, be responsible for payment in full of their own flight.
THE COURSE PROGRAM FEE: $3,900 (approximately - final cost tba - non-refundable flight purchase to and from Europe - again not part of the course fee - are expected to be around $800 - 1,200) includes UMD tuition for 3 credits; shared accommodation for 18 nights, in-country ground transportation, transportation between London and Brussels; six planned group dinners, most breakfasts, business visits, applied learning component, and costs for any other mandatory academic and cultural excursions and/or activities; professor and partner fees; pre-departure meetings and excursions; UM Education Abroad services; international health insurance, including medical evacuation and repatriation of remains coverage. Not included: international airfare, transportation to New York, transportation to DC visits, visa processing if applicable, many meals, and personal expenses, and optional trip insurance. Students are responsible for obtaining and paying for their own visa and/or entry fee where applicable.
PAYMENT(S) FOR THE COURSE are collected accordingly:
Any scholarship monies awarded by Smith will be credited to the student's account once the charge appears on his/her account. All efforts will be made to have the scholarship monies credited prior to payment due date.