News about Accounting & Finance

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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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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