Accounting: a Retention Exam

Topics: Accountant, Accountancy, Certified Public Accountant Pages: 2 (438 words) Published: February 14, 2013

Accountancy sophomores to take 'retention exam'
Sophomores at the AMV-College of Accountancy no longer have to meet a “cut-off score” to be able to major in Accountancy, but a new “retention program” is set to be implemented. The requirement to obtain a grade of 2.75 in Accounting 2 has been abolished, but under the new retention policy, grades in Accounting 1 and 2 cannot be lower than 3.00. Students must also get a passing mark in retention exams to be retained in the Accountancy course. Students who get a grade of 2.00 or higher in the two subjects will be exempted from the examination, while those who fail will be transferred to the Management Accounting program. “Achieving a 96 percent rate [passing rate in the October 2010 board exam] for first-time takers is indeed an achievement, [and] maintaining or surpassing that would be a bigger challenge for us. One way of achieving this is by conducting a retention examination,” Accountancy Dean Minerva Cruz said. The new policy would allow the college to limit the number of sections and students in the Accountancy program, thereby “addressing the problem in facilities.” Only graduates of the Accountancy program are eligible to take the licensure examinations for certified public accountants. Management Accounting graduates may get certifications as bookkeepers, cost accountants, and accounting technicians. College Secretary Josephine Relis said officials will determine the passing score for each exam and the number of students to be admitted, with the capacity of facilities as basis. The change in policy did not make the process easier as results would still depend on the “quality of students,” she added. But the new policy will help students “because when they are not able to meet the 2.0 grade requirement, they still have a chance to be retained,” Relis said. The new retention policy drew mixed...
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