Special Topics in Accounting

BMGT 428D: Special Topics in Accounting:
England, Italy, NYC, and DC: Accounting’s Future, Present, and Past (3 Credits)

Program Dates

January 5-22, 2014


New York, London, Tuscany region in Italy, Washington DC


Jim McKinney

Program Fee

$3,750  (Includes 16 nights lodging, flight from London to Florence, Education Abroad Fee, plus more). SCHOLARSHIPS AVAILABLE.


Complete Online Application
NOTE: Admission of students with complete applications is on a competitive basis and application review will take place during the one week period following the "last day to apply" date. Admissions notifications will be sent on or after the decision date.


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 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. This course will count as an accounting elective for degree requirements for students majoring in accounting.

Structure of the Course

Accounting related site visits in New York City

Dates: Travel from DC to NYC (Sunday, 1/5/2014). Site visits (Monday thru Thursday 1/6/2014-1/9/2014). Travel to and from NYC will be student arranged. Exact travel dates may vary slightly.

Site visits: US Headquarters of Deloitte, EY, KPMG, and PwC; American Institute of Certified Public Accountants; Financial Accounting Foundation and Financial Accounting Standards Board; International Auditing and Assurance Standards Board and International Federation of Accountants; and NYSE Euronext

Accounting related site visits in London, UK

Dates: Travel from NYC to London (Friday thru Saturday 1/10/2014-1/11/2014). Site visits (Monday thru Wednesday 1/13/2014-1/15/2014)

Site visits: IFRS Foundation and International Accounting Standards Board; Institute of Charted Accountants of England and Wales; London Stock Exchange; Global Headquarters of PwC and EY

Accounting related site visits in the Tuscany region of Italy

Dates: Travel from London to Florence (Friday 1/17/2014). Site visits (Monday thru Tuesday 1/20/2104-1/21/2014) Travel from Florence to the DC (or optionally NYC) area (1/22/2014)

Site visits: Birthplace and of Luca Pacioli (Sansepolcro) considered the father of double-entry bookkeeping

After start of Spring 2014 Term

Accounting related site visits in Washington DC

Timing: Afternoons on first three Fridays of the regular Spring term (i.e., Friday, January 30, 2014, Friday, February 7, 2014, and Friday, February 14, 2014)

Site visits: U.S. Securities and Exchange Commission, U.S. Public Company Accounting Oversight Board, Center for Audit Quality, U.S. Government Accountability Office

Credit and grades will be awarded after the completion of these last three days of site visits as well as previously completed work.

What else do you need to know?

EXACT PROGRAM DATES will be determined (if not already set) after the course is confirmed by the Office of Global Initiatives. Once accepted, 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.

THE COURSE PROGRAM FEE includes UMD tuition for 3 credits; lodging in a shared hotel room; on-site support and orientation; costs for any mandatory academic and cultural excursions and/or activities; some group meals; professor and partner fees; UM Education Abroad services; International health insurance, including medical evacuation and repatriation of remains coverage.

Not included: personal expenses, most meals, optional trip insurance and international airfare. Students are responsible for obtaining and paying for their own visa and/or entry fee where applicable.

PAYMENT OF THE PUBLISHED PROGRAM FEE is divided into three separate charges that are collected accordingly:

(1) A non-refundable $50 application fee payable online by credit card is due at the time of application.

(2) Upon acceptance into the program, a $250 non-refundable deposit payable online by credit card is due within 10 days or less. The exact due date of this deposit will be communicated when student is accepted. Applicants understand that when he/she pays this deposit after being accepted into the program, it is deemed to be a commitment of participation. This deposit is non-refundable under any circumstances.

(3) The remaining balance will be due upon Education Abroad's registration of student into the program. This amount will appear on the student's account and will be payable before the end of the next billing cycle. See UMD's Education Abroad's website for other Refund and Withdrawal rules.

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.