Setting the P.A.C.E. for Student Success in Intermediate Accounting

ABSTRACT: The Department of Accounting at our university implemented a Principles of Accounting Competency Exam (PACE) in an attempt to stem the high failure and withdrawal rates in Intermediate Accounting I. To support the PACE, we created a menu of study alternatives for students needing remedial instruction. During the period under review, we observed evidence of improvement in student success in Intermediate I. This discussion describes the PACE and its implementation during Fall 2006, but more importantly, it describes the supplemental measures we have taken to prepare students for the PACE.