Kimberli Ishaug

Clinical Faculty, Accounting

isha9572@stthomas.edu

(651) 962-5427

2115 Summit Ave
McNeely Hall 320
St. Paul, MN 55105

B.S., Accounting, University of Minnesota
M.B.A., , University of Minnesota - Carlson School of Management

See publications in UST Research Online

Kimberli Ishaug is a clinical faculty professor in the Department of Accounting. She received a bachelor's degree and an M.B.A. in accounting from the University of Minnesota. While an undergraduate at the university, she had the opportunity to intern at Grant Thornton LLP in their state and local tax department. Upon graduation, she accepted an offer of a full-time position with the firm, ultimately working there for 12 years as staff accountant, senior accountant, manager and, eventually, senior manager. While at Grant Thornton, Ishaug worked on a wide variety of publicly traded and privately held companies in the middle market. Her specialty industries included franchise businesses, software, manufacturing and hospitality, for which she primarily managed audits but also was involved in consulting engagements or merger and acquisition deals. Ishaug left Grant Thornton in 2007 to begin teaching. At St. Mary's University-Minnesota, she taught intermediate accounting, advanced accounting and auditing, and also took in a financial reporting role at Rimage Corporation for one year while teaching. After leaving Rimage, she joined Certes Financial Pros in a consulting role. In 2011, Ishaug joined the university, where she teaches an Emerging Issues in Financial Reporting class for the UST Master of Science degree in Accounting Program, intermediate accounting classes for the Evening UST MBA Program and the Undergraduate Program.

Fall 2018 Courses
Fall 2018 Courses
Crs - Sec Title Days Time Location
ACCT 311 - 01 Intermediate Accounting I M - W - F - - 0935 - 1040 MCH 236
Description of course Intermediate Accounting I : CRN: 42857 4 Credit Hours
The theory of accounting is studied as it relates to the external financial reporting requirements of profit-oriented businesses. Major subjects include review of the basic financial statements, valuation of most assets, and revenue recognition. Prerequisite: A minimum grade of C- in ACCT 210 CLARIFICATION: The prerequisite of ACCT 210 no longer has a minimum grade requirement.This change will be officially reflected in the 2018-19 catalog.
Schedule Details
Location Time Day(s)
ACCT 311 - 02 Intermediate Accounting I M - W - F - - 1055 - 1200 MCH 236
Description of course Intermediate Accounting I : CRN: 42858 4 Credit Hours
The theory of accounting is studied as it relates to the external financial reporting requirements of profit-oriented businesses. Major subjects include review of the basic financial statements, valuation of most assets, and revenue recognition. Prerequisite: ACCT 210
Schedule Details
Location Time Day(s)
ACCT 770 - 701 Financial Reporting M - - - - - - 1800 - 2100 SCH 315
Description of course Financial Reporting : CRN: 42879 3 Credit Hours
This course provides an intensive, critical analysis of important current and emerging financial accounting and reporting issues. Protection of the public interest is the focus of this analysis. Business and financial situations will be analyzed in light of developing issues, and recent relevant pronouncements will be evaluated. This course will have significant coordination with other courses offered during the same term. For MS Accountancy students only.
Schedule Details
Location Time Day(s)
J-Term 2019 Courses
J-Term 2019 Courses
Crs - Sec Title Days Time Location
Spring 2019 Courses
Spring 2019 Courses
Crs - Sec Title Days Time Location
ACCT 210 - 04 Intro to Financial Accounting M - W - - - - 1335 - 1510 MCH 236
Description of course Intro to Financial Accounting : CRN: 21993 4 Credit Hours
Financial accounting is an integral part of the planning, reporting and control functions of every business. Financial accounting data provide insights about the firm's financial condition, operating results, cash flows and capital structure to facilitate decision making. This course introduces the primary financial statements, fundamental financial accounting terminology and calculations, as well as the interpretation and analysis of financial statements. Ethical aspects of accounting are included. Prerequisites: Sophomore standing
Schedule Details
Location Time Day(s)
ACCT 311 - 01 Intermediate Accounting I M - W - - - - 1525 - 1700 MCH 236
Description of course Intermediate Accounting I : CRN: 22004 4 Credit Hours
The theory of accounting is studied as it relates to the external financial reporting requirements of profit-oriented businesses. Major subjects include review of the basic financial statements, valuation of most assets, and revenue recognition. Prerequisite: A minimum grade of C- in ACCT 210
Schedule Details
Location Time Day(s)
ACCT 311 - 04 Intermediate Accounting I - - W - - - - 1730 - 2115 MCH 236
Description of course Intermediate Accounting I : CRN: 22003 4 Credit Hours
The theory of accounting is studied as it relates to the external financial reporting requirements of profit-oriented businesses. Major subjects include review of the basic financial statements, valuation of most assets, and revenue recognition. Prerequisite: A minimum grade of C- in ACCT 210
Schedule Details
Location Time Day(s)
ACCT 701 - 201 Intermediate Accounting I - - W - - - - 1730 - 2115 MCH 236
Description of course Intermediate Accounting I : CRN: 22231 3 Credit Hours
The first in a three-course sequence in the study of the theory and practice of accounting as it relates to the external reporting requirements of profit-oriented businesses. The course will emphasize understanding the underlying theory of current Financial Accounting Standards Board rules and their application in practice situations. Topics, such as the major financial statements, valuation of most assets, current liabilities, and revenue recognition will be discussed. -- Prerequisite: ACCT 601
Schedule Details
Location Time Day(s)
Academic and Professional Positions
  • Clinical Faculty, University of St. Thomas, Saint Paul / Minneapolis (2016 - present)
  • Contractor, Certes Financial Pros, Golden Valley (2008 - present)
  • Distinguished Service Faculty, University of St. Thomas, Saint Paul / Minneapolis (2013 - 2016)
  • Adjunct Instructor, University of St. Thomas, St. Paul / Minneapolis (2011 - 2013)
  • Adjunct Instructor, St. Mary's University, Minneapolis (2008 - 2013)
  • Manager of Financial Reporting, Rimage Corporation, Minneapolis (2007 - 2008)
  • Assurance Senior Manager, Grant Thornton, LLP, Minneapolis (1996 - 2007)
  • Intern, Grant Thornton, LLP, Minneapolis (1995 - 1996)
  • Accounting Assistant, Blue Valley Recreation Commission, Overland Park (1993 - 1994)

Professional Memberships
  • American Accounting Association

Public Service
  • National Charity League - West Lakes Chapter Finance Committee, Officer, Treasurer

Publications

Books and Chapters

Research Interests
  • Accounting
  • Auditing

Awards and Honors
  • Frank Coglitore Teaching Award, University of St. Thomas Accounting Club, 2015

Presentations