News about Accounting & Finance

Student Groups Enlist Banking Pros for Primer on Fiscal Well-Being

Accounting student Shane M. Beckman introduces the evening’s speakers.

Joe Farley, vice president and chief financial officer for Woodlands Bank, shows the impact of interest rates and the importance of paying down principal balances.

Carol Welliver, vice president of Woodlands Bank, discusses the factors that affect a person’s creditworthiness.

Matt Mensinger, vice president, commercial services division for First Keystone Community Bank, explains the benefits of saving for the future.

George A. Gadbois, a business administration: banking and finance concentration student and president of the Student Managed Investment Fund, addresses the audience.

A group of student organizations hosted a financial literacy seminar Thursday, inviting students and the community alike to learn how borrowing and saving affect their futures. The students invited local banking experts – Joe Farley, vice president and chief financial officer for Woodlands Bank; Carol Welliver, vice president of Woodlands Bank; and Matt Mensinger, vice president, commercial services division for First Keystone Community Bank, who offered wisdom and answered questions on paying off debts, establishing a positive credit history and investing for the future. The event was hosted by the college’s Accounting Society, Student Managed Investment Fund, Delta Mu Delta Honor Society in Business and Alpha Chi National College Honor Society.

Student Organizations to Host Financial Literacy Program

Students and the community are welcome to attend the first financial literacy program at Pennsylvania College of Technology on April 10.

The event is being organized and hosted by several student organizations, most in the college’s School of Business & Hospitality.

“There are many students and community members unaware of how their loans or mortgages will affect their future, and this program will provide information on how and what affects the loan,” explained Zachary J. Buterbaugh, an accounting student from Conestoga.

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Short-Term QuickBooks 2013 Training Available at Penn College

Workforce Development & Continuing Education at Pennsylvania College of Technology is offering QuickBooks 2013 Level I this spring.

Participants – even those with little bookkeeping knowledge – can learn the powerful tools of the No. 1-rated accounting software for individuals and businesses. New users will be introduced to QuickBooks, and those familiar with the program will learn the features and functionality of its 2013 version.

The class will meet from 9 a.m. to 4 p.m. on March 28 in a computer lab at the Center for Business & Workforce Development on the college’s main campus in Williamsport. Basic understanding of the Windows operating system is a prerequisite.

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Penn College Students Provide Volunteer Income Tax Assistance

Pennsylvania College of Technology students again are volunteering their time to help qualified individuals as they prepare their 2013 income tax returns.

More than a dozen students, most of them majoring in accounting but also representing the college’s financial planning, legal assistant, business management and information technology majors, have undergone months of extensive training to become certified tax preparers by the Internal Revenue Service.

The free service, part of the Volunteer Income Tax Assistance program sponsored by the IRS, is designed for taxpayers who have relatively uncomplicated returns and less than $51,000 in annual income.

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Baseball Brothers Pull Double Play as Co-‘Students of the Month’

Zachary J. (left) and Cody E. Buterbaugh

The start of the year brings a first for Pennsylvania College of Technology: the selection of twin brothers as Students of the Month.

Chosen for the Student Government Association honor are Cody E. Buterbaugh, a building automation technology major, and Zachary J. Buterbaugh, an accounting student. Originally from Conestoga, both are scheduled to graduate in May.

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Business Alum Arranges Beneficial ‘Return’ for Student Investors

The Financial Markets Investment Lab provides a fitting venue for business students' audience with a successful alumnus.

Shawn A. Wilson offers career insight.

Shawn A. Wilson, who graduated from Penn College in 2000 with a bachelor’s degree in business administration, returned to the college Tuesday to share his “real world” wisdom with participants in the Student Managed Investment Fund. After graduation, Wilson started his career in banking before opening S.A. Wilson & Associates, a successful financial planning firm in Lewistown and State College. In addition to talking about how his Penn College education prepared him for his career – he particularly commended Roy A. Fletcher, assistant professor of business administration/banking and finance, for being a tough and knowledgeable mentor – he spoke with students about the significant regulatory changes that occurred as a result of the recent financial crisis and how he navigated those regulations while starting his firm.

Woodlands Bank Scholarship Established at Penn College

Jon Conklin, president and CEO of Woodlands Bank (left), with Robb Dietrich, executive director of the Penn College Foundation.

A new scholarship at Pennsylvania College of Technology for students enrolled in accounting and business majors has been established by a community bank based in Lycoming County.

The Woodlands Bank Scholarship is building toward endowment and will generate initial annual awards of $1,000 once fully endowed.

The scholarship will benefit students enrolled in the accounting, business administration and business management academic majors at Penn College. Preference will be given to students who have graduated from a high school in Lycoming, Clinton or Sullivan counties.

“The Penn College Foundation is extremely grateful to Woodlands Bank for establishing this scholarship,” said Robb Dietrich, executive director of the foundation. “Woodlands Bank’s desire to assist Lycoming County students attending Penn College is further evidence of their commitment to be a community bank. We’re pleased to partner with them in helping students earn a degree that works.”

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Campus Event Sounds Closing Bell for ‘Stock Market Challenge’

Dean Edward A. Henninger tells guests about Penn College's Student Managed Investment Fund, which uses real money to heighten students' appreciation of the risks and responsibilities involved in portfolio management.

Visiting high school students enjoy a "fireside chat" with Paul L. Starkey, vice president for academic affairs/provost..

Sun-Gazette editor David F. Troisi talks about the newspaper's philosophy of community partnership and educational support – and the benefit of a hands-on financial exercise in conjunction with textbook learning.

EconomicsPennsylvania’s Stock Market Challenge, in which students from eight local high schools were given a virtual bankroll of $100,000 each and tasked with managing an investment portfolio over the past 10 weeks, held its wrap-up event on Penn College’s main campus Wednesday. Students from Hughesville, Loyalsock Township, Montoursville Area, Montgomery, Muncy, South Williamsport Area and Williamsport Area high schools, as well as St. John Neumann Regional Academy, took part – touring the college and attending a recognition ceremony in the Thompson Professional Development Center. The top team was from Montgomery, where students posted a “return” of more than $35,000 on their investments. The event included a “meet and greet” with School of Business and Computer Technologies faculty and others; a welcome from Edward A. Henninger, school dean; and remarks from representatives of the Williamsport Sun-Gazette and Jersey Shore State Bank, which co-sponsored the competition, and Carolyn Shirk, vice president of EconomicsPennsylvania.

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.

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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