Schalyn Sohn, CPA

Color portrait of Schalyn Sohn, CPA

Instructor

Department Accounting
Office Address 320 Business Building
Phone Number 814-863-3838
Email Address snh108@psu.edu

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Professor Sohn is the Director of the Corporate Control & Analysis (CCA) program and an Instructor of Accounting at the Smeal College of Business. Before joining Smeal, she taught at George Mason University, Northern Virginia Community College, and Strayer University. She has taught Financial and Managerial Accounting, Intermediate Accounting, and Advanced Accounting.

Professor Sohn graduated Summa Cum Laude with a Master of Science in Accountancy from the University of Notre Dame. She received the Academic Excellence Award and the Federation of Schools of Accounting Student Achievement Award from Notre Dame. She graduated with High Distinction from the Bachelor of Science in Accounting program from Penn State University at University Park and received the Senior Award: Dorothy M. Kelley Memorial Scholarship.

Sohn is a Certified Public Accountant in Virginia. Sohn worked first as an accountant in the Assurance & Advisory Services for Deloitte & Touche LLP, then as a Senior Accountant with General Dynamics, and then as the Manager of Regulatory Reporting for E-Trade Financial before starting a limited liability company. Sohn received a patent for a parenting product April 2014.

Education

MS, Accounting, University of Notre Dame, 2003

BS, Accounting, The Pennsylvania State University, 2002

Courses Taught

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 404 – Managerial Acctg (3)
Accounting techniques as planning, control, and motivating devices in business and other organizations; accounting data for decision making and performance evaluation. ACCTG 404 Managerial Accounting (3) This course emphasizes the use of accounting information for internal purposes as opposed to the external disclosure focus of the financial accounting course. The cost covers the vocabulary and mechanics of cost accounting and the design of management accounting systems for planning and controlling operations, and for motivating personnel. The course integrates accounting with ideas from data analysis, decision analysis, finance, microeconomics, and operations management. The themes stressed throughout the course will be the notion that information is costly; the circumstances that necessitate cost allocation, the idea that different costs and different allocation schemes apply for different purposes; and fundamentals of incentive and compensation plans. Among the topics covered are cost behavior, cost-volume analysis, relevant costs, and the use of cost information for decision making. The course will rely on lectures and discussion of case studies.

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 472 – Intermediate Financial Accounting II (3)
Off-balance-sheet financing; special issues in cost capitalization, liabilities, and equities; matching; funds flow statements; statement analysis; inflation accounting.