A Comparative Research in the Differences Between CPA Board Passers and Non-Passers in Terms of Benefits and Privileges
Chapter 1
INTRODUCTION
Background of the Study
Being a student opens a lot of opportunities in life. Living in the Philippines, we have every right to choose what we want to do with our life. Choosing our friends, socializing with people, going to college, choosing a program, etc. – we can have it our way.
A lot of students nowadays are choosing Accountancy as their program in universities. There are many privileges in this program since money is associated. We get knowledge of how money works in every business firms in the world. This is not an easy program. In fact, it is one of the most challenging one in the world, but the real challenge is finishing the now 5-year program and passing the CPA Board Exam.
It is just not enough to graduate with a degree of Bachelor of Science in Accountancy. As the society demands, those who graduated BS Accountancy must first take up the Board Exam to see if they are really qualified with the job of an accountant. If you pass the Licensure Exam, you will now be called Certified Public Accountant. Passing the exam requires a minimum of seventy-five percent examination rate and will be entitled to registration as Certified Public Accountant provided that every subject does not have a rating of less than sixty-five percent. There are no more requirements to fulfill after you passed the exam.
After graduating and passing the Licensure Exam, CPA’s will have to practice their profession for at least three years before they become Registered Certified Public Accountant. Working in the industry with low starting income is normal for beginners, but as time passes by, there is a chance for the increase in salary and income if you worked hard in your job. Attending seminars is also helpful since it helps you gain more knowledge which you haven’t acquired yet when you were still studying your program, like money and many topics involving the use of it in the industry.
Those people who did not pass the Board Exam of course will
INTRODUCTION
Background of the Study
Being a student opens a lot of opportunities in life. Living in the Philippines, we have every right to choose what we want to do with our life. Choosing our friends, socializing with people, going to college, choosing a program, etc. – we can have it our way.
A lot of students nowadays are choosing Accountancy as their program in universities. There are many privileges in this program since money is associated. We get knowledge of how money works in every business firms in the world. This is not an easy program. In fact, it is one of the most challenging one in the world, but the real challenge is finishing the now 5-year program and passing the CPA Board Exam.
It is just not enough to graduate with a degree of Bachelor of Science in Accountancy. As the society demands, those who graduated BS Accountancy must first take up the Board Exam to see if they are really qualified with the job of an accountant. If you pass the Licensure Exam, you will now be called Certified Public Accountant. Passing the exam requires a minimum of seventy-five percent examination rate and will be entitled to registration as Certified Public Accountant provided that every subject does not have a rating of less than sixty-five percent. There are no more requirements to fulfill after you passed the exam.
After graduating and passing the Licensure Exam, CPA’s will have to practice their profession for at least three years before they become Registered Certified Public Accountant. Working in the industry with low starting income is normal for beginners, but as time passes by, there is a chance for the increase in salary and income if you worked hard in your job. Attending seminars is also helpful since it helps you gain more knowledge which you haven’t acquired yet when you were still studying your program, like money and many topics involving the use of it in the industry.
Those people who did not pass the Board Exam of course will