Scott Collins

Color portrait of Scott Collins

Assistant Clinical Professor, Discipline Coordinator of Accounting, Director of One-Year Master of Accounting (MAcc) Program, Office of Professional Graduate Programs

Department Accounting
Office Address 326 Business Building
Phone Number 814-865-1529
Email Address sgc132@psu.edu

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Professor Collins has served on the Smeal College of Business faculty since 2012 and brings over 15 years of experience in accounting practice and teaching into his current position at Penn State. Prior to his current position at Penn State, Professor Collins served as a staff auditor with a multi-billion dollar CPA firm, a plant controller at a multi-billion dollar food manufacturing company, a financial controller at a pre-IPO internet startup company, and an adjunct faculty member for multiple universities. In his current position at Penn State, Professor Collins teaches undergraduate and graduate courses related to financial accounting, managerial accounting, and accounting information systems. In addition to his teaching duties, Professor Collins also serves as the Director of Penn State’s One-Year Master of Accounting (MAcc) Program. His primary research focus involves experimental and behavioral research related to educational pedagogy, and he is also interested in research related to the impact of annual report complexity and sentiment on investor behavior.

Education

Ph D, Management (Accounting), Claremont Graduate University, 2012

MS, Business Administration (Accounting), The Pennsylvania State University, 2009

MBA, Management (Finance), Claremont Graduate University, 2005

BA, Business-Economics (Accounting), University of California, Santa Barbara, 1996

Courses Taught

ACCTG 399 – Foreign Studies (3)
Courses offered in foreign countries by individual or group instruction.

ACCTG 496 – Indep Studies (Variable)
Creative projects, including research and design, which are supervised on an individual basis and which fall outside the scope of formal courses.

ACCTG 814 – MANAGERIAL ACCTG (3)
Examination of the internal organizational accounting procedures that establish accountability within organizations.

ACCTG 873 – Adv Acct Rep (3)
Financial disclosure and reporting for complex business enterprises and activities; current issues in financial reporting.

IB 399 – Foreign Studies (3)
Courses offered in foreign countries by individual or group instruction.

ACCTG 211 – Fin Mgl Acc Dec Mk (4)
Introduction to the role of accounting numbers in the process of managing a business and in investor decision making. ACCTG 211 Financial and Managerial Accounting for Decision Making (4)The objective of this course is to introduce students to the discipline of accounting through an introduction to two of accounting's sub-disciplines, financial and managerial accounting. The more specific purpose is to provide students a basic understanding of the role of financial and managerial accounting information in the decisions of capital market participants external to a business enterprise (e.g., stockholders, banks, financial analysts, prospective stockholders), and in the decisions of those who manage business enterprises. Accounting information has an important role in the resource allocation process in our socio-economic system as a whole, as well as in each individual business enterprise. This course provides students an understanding of (1) the nature of the accounting function, and (2) how the information in accounting reports are used by various decision makers in their resource allocation decisions. In this course students will develop an understanding of (a) the five activity dimensions of accounting (the collection, recording, analysis, interpretation and reporting of information to decision makers for (mainly) their investment decisions), (b) the issues surrounding the five activity dimensions, (c) the environment in which accounting is practiced, and (d) what information is used in a number of specific decision situations, and how such information is used in such decision situations. The analysis, interpretation and decision-making orientation of this course includes a study of the procedural (mechanical and processing) aspects of the recording activity dimension which is an important means to the end --where the end is the analysis and interpretation of the information, and the reports produced by the recording/processing part of accounting. Through this focus on the recording activity dimension, students will obtain an understanding of (a) the nature and quality (strengths and weaknesses) of accounting information, (b) how to proceed in analyzing and interpreting accounting information, and (c) numerous other aspects of financial and managerial accounting. This course is an important background course for all business majors, as well as for numerous non-business majors.

ACCTG 211H – Fin Mgl Acc Dec Mk (4)
Introduction to the role of accounting numbers in the process of managing a business and in investor decision making. ACCTG 211H Financial and Managerial Accounting for Decision Making (4) The objective of this course is to introduce students to the discipline of accounting through an introduction to two of accounting's sub-disciplines, financial and managerial accounting. The more specific purpose is to provide students a basic understanding of the role of financial and managerial accounting information in the decisions of capital market participants external to a business enterprise (e.g., stockholders, banks, financial analysts, prospective stockholders), and in the decisions of those who manage business enterprises. Accounting information has an important role in the resource allocation process in our socio-economic system as a whole, as well as in each individual business enterprise. This course provides students an understanding of (1) the nature of the accounting function, and (2) how the information in accounting reports are used by various decision makers in their resource allocation decisions.In this course students will develop an understanding of (a) the five activity dimensions of accounting (the collection, recording, analysis, interpretation and reporting of information to decision makers for (mainly) their investment decisions), (b) the issues surrounding the five activity dimensions, (c) the environment in which accounting is practiced, and (d) what information is used in a number of specific decision situations, and how such information is used in such decision situations. The analysis, interpretation and decision-making orientation of this course includes a study of the procedural (mechanical and processing) aspects of the recording activity dimension which is an important means to the end --where the end is the analysis and interpretation of the information, and the reports produced by the recording/processing part of accounting. Through this focus on the recording activity dimension, students will obtain an understanding of (a) the nature and quality (strengths and weaknesses) of accounting information, (b) how to proceed in analyzing and interpreting accounting information, and (c) numerous other aspects of financial and managerial accounting.This course is an important background course for all business majors, as well as for numerous non-business majors. For accounting majors it is a prerequisite for ACCTG 405, 404, and 471.The course format consists of lectures, outside reading, class discussion, projects and homework assignments.The semester grade for this course will be determined by a weighted average of performance on mainly exams, quizzes, projects and participation.

ACCTG 432 – Acctg Info Systems (3)
Systems analysis tools and techniques; internal control concepts; development of computer control procedures. ACCTG 432 Accounting Information Systems (3) Accounting data are utilized as information in making decisions and as a control mechanism. The focus of this course, however, will be upon the actual production of accounting data.The purpose of the course is to learn how accountants collect relevant data and transform them into reports appropriate for managers and external readers. Procedural details will focus first on the traditional accounting cycle and the journal entries for business transactions and events. Then we shall examine in detail the principle accounting cycles: sales cycle, cash receipts cycle, purchases cycle, cash disbursements cycle, payroll cycle, facilities cycle, general ledger cycle, production cycle.For each cycle, you should be able to explain the relation of the accounting process to the business enterprise, the basic journal entries, the basic internal control features, and the document flow.

ACCTG 495 – Internship (3)
Supervised off-campus, nongroup instruction including field experiences, practica, or internships. Written and oral critique of activity required.

ACCTG 596 – Individual Studies (Variable)
Creative projects, including nonthesis research, which are supervised on an individual basis and which fall outside the scope of formal courses.

BA 411 – Analyz Bus Ind (3)
Prepares students to obtain an enterprise-wide view of business and industry by integrating operational and financial decisions in a team and learning environment. B A 411B A 411 Analyzing Business and Industry (3) The course provides the students with a methodology for analyzing the business, introduces the students to sources of financial information available from private and public sources and trains the student to prepare and professionally present business analysis reports. The course, which adopts a user perspective, extends the students' basic knowledge of financial reporting and provides them with a broader context for understanding business that includes economic and social forces, the regulatory environment of businesses and their financial reporting, capital market operations and corporate governance. It applies concepts and decision tools that are studied throughout the curriculum such as present value, financial ratio analysis, break-even point analysis and statistical analysis.

ACCTG 597C – Accounting Scandals (3)
Three credit course for One-Year MAcc students to be used as an elective.

B A 411 – Analyzing Business and Industry (3)
Prepares students to obtain an enterprise-wide view of business and industry by integrating operational and financial decisions in a team and learning environment.

ACCTG 404 – Managerial Accounting: Economic Perspective (3)
Accounting techniques as planning, control, and motivating devices in business and other organizations; accounting data for decision making and performance evaluation.