News: Accounting & Finance

Dual-Enrollment Students Display Their Accounting Know-How

High school students, part of a dual-enrollment accounting class, get a helping hand from instructor JoAnn H. Pacenta in the college's finance lab Friday.

High school students, part of a dual-enrollment accounting class, get a helping hand from instructor JoAnn H. Pacenta in the college’s finance lab Friday.

Thirty-four students from East Lycoming, Jersey Shore Area, Montoursville Area and Williamsport Area high schools – all enrolled in an Introduction to Financial Accounting course through the Penn College NOW program – got a hands-on opportunity Friday to demonstrate what they’ve learned. Coordinated by the college’s Outreach for K-12 Office, the program allows high school students to earn Penn College credits through dual enrollment. JoAnn H. Pacenta, instructor of business administration/accounting in the School of Business and Computer Technologies, helped the students work with Peachtree accounting software to create a sample company and complete a general ledger. The students’ day included lunch in the Capitol Eatery and, for the Williamsport group, a tour of campus.

IRS-Certified Students Providing Free Public Tax Assistance

Qualified individuals who need help preparing and filing their 2012 returns can visit the Volunteer Income Tax Assistance program at Pennsylvania College of Technology.

The free service is available through early April in the Teachers’ Learning Center of the Madigan Library (Room LIB/213) on Penn College’s main campus in Williamsport.

Required appointments will be scheduled from 9 a.m. to 8 p.m. Monday through Thursday. Additional “first-come, first-served” dates and times are being considered for the convenience of walk-in taxpayers whose schedules cannot accommodate weekday sessions.

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Hudock Moyer Wealth Resources Scholarship Established

From left, Michael J. Hudock Jr., consultant, president and founding partner of Hudock Moyer Wealth Resources; Barry R. Stiger, vice president for institutional advancement at Penn College; and Barbara B. Hudock, chief executive officer and founding partner of Hudock Moyer.

The Hudock Moyer Wealth Resources Scholarship has been established as a building-to-­endowed scholarship fund at Pennsylvania College of Technology.

Once fully endowed, the scholarship fund will provide annual awards of $1,000 or more in perpetuity for those who demonstrate financial need and academic performance and are enrolled as full- or part-time students; have a home residence in Lycoming County or Bradford County; and are enrolled in the business administration bachelor-degree program with a financial planning competency credential, or the accounting bachelor-degree program.

“The Penn College Foundation and the entire Penn College community sincerely appreciate the commitment Hudock Moyer Wealth Resources has made to endow a scholarship,” said Robb Dietrich, executive director of the Penn College Foundation.

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Accounting Student Awarded Scholarship From State Association

Steven W. Garner

A senior in Pennsylvania College of Technology’s four-year accounting major has been awarded one of two $1,000 scholarships from the Pennsylvania Society of Public Accountants.

Steven W. Garner, of Lock Haven, received a $1,000 scholarship from the Pennsylvania Society of Public Accountants, a professional organization that provides education, information, tools and resources to more than 1,600 members across the commonwealth.

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Accreditation Reaffirmed for Penn College Business Majors

The accreditation of Pennsylvania College of Technology’s two- and four-year accounting and business majors has been reaffirmed by the only organization that accredits institutions granting both baccalaureate and associate degrees in the field.

The college is one of 21 members of the Accreditation Council for Business Schools and Programs – and one of just two in Pennsylvania – to have its accreditation renewed during a recent annual conference in Baltimore, attended by Carolyn M. Jacobson, Penn College’s assistant dean of business and computer technologies.

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Penn College Accounting Student Awarded Three Scholarships

Steven W. Garner

A senior in Pennsylvania College of Technology’s four-year accounting major has been awarded three scholarships totaling $4,000 from organizations representing his chosen career field.

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Emeritus Status Approved for Longtime Business Professor

Phillip D. LandersPennsylvania College of Technology’s Board of Directors has approved “professor emeritus” status for Phillip D. Landers, retired professor of business administration/management.

Landers retired in August after 43 years as a faculty member at Penn College and its predecessor institution, Williamsport Area Community College. He earned a bachelor’s degree in education from Bloomsburg University and a master’s degree in business administration from Michigan State University.

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Penn College Students Again Helping Public With Tax Preparation

The free Volunteer Income Tax Assistance program is being provided again by Pennsylvania College of Technology students for individuals needing guidance in preparing their 2011 taxes.

The VITA program is available through April 2 in the Teachers’ Learning Center (Room 213) in the Madigan Library on the college’s main campus in Williamsport. Sessions will be scheduled from 9 a.m. to 8 p.m. Monday to Thursday by appointment only.

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Penn College Accounting Student Among Scholarship Winners

A Pennsylvania College of Technology junior has been awarded one of three $1,000 scholarships from an online community for accounting professionals.

Steven W. Garner, of Lock Haven, pursuing a four-year degree in accounting from the college’s School of Business and Computer Technologies, received his award from AccountingWEB.

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State Association Honors Penn College Accounting Students

For the second consecutive year, the Pennsylvania Institute of Certified Public Accountants has awarded a renewable scholarship to a Pennsylvania College of Technology baccalaureate accounting major and honored two May graduates as “Outstanding College Seniors.”

Steven W. Garner, of Lock Haven, received a $3,000 scholarship from PICPA, an association of more than 20,000 certified public accountants working to improve the profession and better serve the public interest. Nicole M. Giersdorf, of Williamsport, received an identical award last year.

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Free Taxpayer Help Available by Appointment at North Campus

Two by-appointment-only opportunities for free tax assistance have been scheduled at Pennsylvania College of Technology’s North Campus near Wellsboro.

The Internal Revenue Service’s Volunteer Income Tax Assistance program, in which Penn College students help prepare hundreds of income-tax returns each season, will be available from 9 a.m. to 2 p.m. Friday, Feb. 25, and from 11 a.m. to 4 p.m. Friday, March 25; area residents should call 570-724-7703 to arrange their one-hour appointments at the Tioga County site.

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Penn College Student Coordinating Local Tax-Assistance Program

Kicking off this season%E2%80%99s free Volunteer Income Tax Assistance program at Pennsylvania College of Technology are, from left, Pam Hicks, program director for The Salvation Army%3B Phillip D. Landers, professor of business administration%2Fmanagement%3B Kylie N. Waslosky, a Penn College accounting student serving an internship as the program%E2%80%99s administrative coordinator%3B Cadet Craig Shoff, corps ministry and program assistant%3B and tax preparer Lynette Trick, Salvation Army budget coach and VITA site coordinator.The Volunteer Income Tax Assistance campaign, in which Pennsylvania College of Technology students partner with The Salvation Army and Internal Revenue Service, is helping hundreds of eligible area residents prepare and file their returns this season.

Free assistance to low- and moderate-income taxpayers will be offered in Room 102 of Penn College’s Madigan Library from 4 to 6 p.m., Monday to Thursday, through April 7. The service also is available at The Salvation Army’s 457 Market St. site in downtown Williamsport; at the Muncy Public Library, 108 S. Main St.; and at the Lock Haven Salvation Army, 114 N. Grove St.

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Penn College Faculty Enlighten Local Middle-School Students

Bradley M. Webb, left, and Asesh K. Das Phillip D. LandersFaculty from Penn College’s School of Business and Computer Technologies again worked with Marcia McCann, instructional learning support teacher at Williamsport’s Curtin Middle School, to offer brown-bag lunch sessions for students during the fall semester. Asesh K. Das, professor of computer science, and Bradley M. Webb, coordinator of matriculation and retention for business and computer technologies, visited Oct. 29 and provided information on biometrics: methods used to recognize humans based on physical or behavioral traits (fingerprints, gait, etc.). On Nov. 8, Phillip D. Landers, professor of business administration/management, provided a lesson on “growing” money including investing, credit cards, interest and developing financial goals. Curtin’s brown-bag program allows students to attend voluntary mini-courses held over the lunch period. In addition to the School of Business and Computer Technologies, representatives from the college’s School of Health Sciences and Industrial and Engineering Technologies have presented workshops. Photos by Marcia McCann, Curtin Middle School

Accounting Society Tours Long-Standing Pennsylvania Business

Accounting Society members gather outside the landmark Yuengling brewery with CEO Dick Yuengling, center, and adviser Phillip D. Landers, right On Friday, Nov. 12, Penn College’s Accounting Society took an educational trip to the Yuengling Brewing Co. in Pottsville. “We began with a tour of the facilities; it was a great tour,” said Shannon Killian, society president, who also provided the group photo at left. “We learned about how the company got started and how they survived Prohibition. They came up with a great business plan to produce ice cream and other dairy products, then switched back to focusing on the beer.” The group also met with current owner and chief executive officer Dick Yuengling, who discussed how he runs the company. “What was interesting was that, even though he (and every CEO before him) wanted the company to stay in the Yuengling family, he will require his daughter to purchase the company from him at fair market value,” Killian explained. “His motto is ‘If you pay for it, you’ll take care of it!’ All in all, it was a great trip, and we learned quite a bit about manufacturing policies and procedures.” Killian was joined by adviser Phillip D. Landers, professor of business administration/management; and classmates Josh Wilson, Kylie Waslosky, Jolinda Bischof, Shane Burridge, Nate Hyde, Tera Rowe and Shane Davis.

‘Passport’ to Be Issued for Prospective Accounting Students

A “Passport to Opportunity” for high school students potentially interested in the accounting profession will be held from 9 a.m. to 1 p.m. Friday, Nov. 5, in Pennsylvania College of Technology’s Bush Campus Center.

The event, sponsored by the Pennsylvania Institute of Certified Public Accountants and hosted by the college’s School of Business and Computer Technologies, is a free program to expose students to careers in accounting and to educate them about the advantages of the CPA designation.

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