Peirce has one of the highest earned degree rates for accounting in Philadelphia region

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Peirce has one of the highest earned degree rates for accounting in Philadelphia region

Philadelphia, PA - October 5, 2010 - Peirce College announced today the introduction of its new Bachelor of Science Degree in Accounting.

The new degree program was formerly offered as a concentration in the Bachelor of Science in Business Administration program and is designed to prepare graduates for employment with corporate, government and nonprofit organizations in what continues to be a stable, in-demand profession. The new program provides an option for business students who want to focus solely on accounting.

According to the U.S. Bureau of Labor Statistics, employment opportunities for accountants and auditors are expected to experience much faster than the average employment growth for all occupations.

Changing financial regulations and laws, as well as tighter scrutiny of business practices, are key factors in the increasing demand for accountants and auditors. This heightened oversight is also driving demand for related occupations, such as business analysts, credit analysts, financial examiners and personal financial analysts, in the Greater Philadelphia Region and across the country.

As the role of accounting takes on a greater significance, employers increasingly seek graduates with an accounting degree and expertise in generally accepted accounting principles and practices, analytical thinking and a core of sound math, communication and technical and leadership skills.

"Peirce College's Accounting degree program is designed to meet all current and near future education credit requirements and will help prepare students to sit for the CPA exam in Pennsylvania," said Dr. Fred Poellnitz, Professor of Business Administration at Peirce. Requirements for CPA candidates are also undergoing changes. CPA students will have to complete 150 hours of education. Currently, 24 credits are required for the CPA exam; however, in January 2012, that will increase to 36 credits.

"In addition to the CPA exam, accounting graduates will be prepared to sit for the CIA, CMA and CFE exams, or to study at the graduate-degree level in accounting, business and finance," Dr. Poellnitz added.

Peirce's Accounting program is available online and at the College's Center City Philadelphia campus. Accelerated, seven-week classes begin each month.

"Peirce is poised to fill a key role in offering an accounting major in the regional market. As a leading provider of education for working adults in the region, our new degree program expands the professional education and career choices for those who want to get into the field of accounting," said Patricia A. Rucker, Ed.D., Senior Vice President, Academic Advancement and Provost at Peirce. "We have a strong student contingent within the business program for accounting at Peirce. We have a very experienced accounting faculty, too."

Peirce College has one of the largest accounting programs among institutions in Pennsylvania-by number of enrolled students.

Peirce also has one of the largest accounting programs for women in the region, by enrollees, and is the second largest in the region for African-American women seeking accounting-related degrees at the baccalaureate level.

The Accounting program at Peirce College provides students with coursework focused on analytical skills; understanding financial regulations, laws and ethics; and core principles necessary for employment opportunities in the field of accounting. In addition to a core of accounting courses, students will learn about key business functions, as well as legal and technical issues.

About Peirce

Peirce College offers bachelor's and associate degree programs in Business, Healthcare, Information Technology and Paralegal Studies. Peirce College is accredited by the Middle States Commission on Higher Education, 3624 Market Street, Philadelphia, Pennsylvania, 19104 (phone: 267-284-5000). The Accreditation Council for Business Schools and Programs accredits the College's business program and the Paralegal Studies program is approved by the American Bar Association.

For more information about Peirce College, call 1.888.467.3472 or visit

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Contact: William Hawkins
215-882-4006 (cell)