Katie McDermott headshot

Katie Eileen McDermott

Assistant Professor of Commerce
Unit: McIntire School of Commerce
Department: McIntire School of Commerce
Office location and address
Rouss & Robertson Halls, Room 224
125 Ruppel Dr
Charlottesville, Virginia 22904
Ph.D., Business Administration, The University of North Carolina at Chapel Hill
B.B.A., Accounting, University of Notre Dame

Professor McDermott has expertise in auditing and financial reporting. Her research focuses on firms’ application of accounting standards, the quality of the resulting accounting information, and how that information is used in managers’ and investors’ decisions. In the classroom, Professor McDermott is passionate about developing her students into mindful, emotionally intelligent leaders.

Professor McDermott was a faculty member at Georgetown University before joining the McIntire School. At Georgetown University, she taught financial reporting courses at the undergraduate, evening M.B.A., and full-time M.B.A. levels. Before pursuing her doctoral studies at The University of North Carolina, Professor McDermott worked as a Senior Auditor for PricewaterhouseCoopers LLP in Chicago. She is a registered CPA in Illinois and is a recipient of the Elijah Watt Sells Award for having one of the 10 highest national scores on the CPA exam.

COMM 2010: Introduction to Financial Accounting
Credits: 3
The initial focus is on how economic events are measured, classified and recorded, then students explore accounting issues for key business operating areas. Financial statements are studied to understand their content and uses. Course is delivered in an online format with no scheduled class meetings; students engage with all course content online. Faculty and teaching assistant support is provided via face-to-face and online interactions.
COMM 3110: Intermediate Accounting I
Credits: 3
Intensive study of the generally accepted accounting principles for asset valuation, income measurement, and financial statement presentation for business organizations, and of the processes through which these principles evolve. Focuses on important areas in financial accounting, including accounting for leases, pensions, and income taxes. Prerequisite: COMM 2020 or instructor permission.
COMM 5160: Government and Nonprofit Accounting
Credits: 2
This course will introduce you to financial reporting, budgeting, and auditing in not-for-profit entities; government-wide and fund financial statements for state and local governments; and generally accepted government auditing standards. This course will help prepare you to take the portion of the CPA exam related to government and not-for-profit issues and will provide a foundation for auditing, working with, and/or serving on GNP boards.
COMM 5559: New Course in Commerce
Credits: 1–3
This course provides the opportunity to offer new topics in the subject of Commerce.
GCOM 7340: Corporate Financial Reporting
Credits: 3
This course is designed to expand your knowledge of financial reporting from a user's perspective. To do this, we use firm disclosures to explore: how analysts use financial information to value the firm, how some managers attempt to alter perceptions of firm value, and how accounting rules can impact perceptions of firm value. Restricted to MS in Accounting Students.