1.1 Historical and Contextual Background of the Problem
The world is changing rapidly, driven by powerful forces such as economics, politics, demographics, religion and technology. We have seen enormous increases in globalization over the past few decades that have transformed how we do business, how we live, and how our governments function. Education has always held out hope for the future because it creates an idea or illusion that it is a means for upward mobility. Education provides the means to go up the social and economic ladder based on merit and achievement. Considerably, it is an innate need to be educated. As early as possible, children are taught with the basic that becomes more complicated once an individual enters a more-mature phase of his life. In today’s competitive world, it is imperative to acquire the right degree of learning to equip oneself with the leverage and amidst of the competition. Hence, this article features some diverse information concerning education. Curriculum development is a dynamic and continuing process. Accounting education should not only keep pace with the current realities of the business environment. An annual re-examination of the curriculum and research must be conducted to avoid obsolescence. The professional graduate program in accountancy shall require either a comprehensive examination or some appropriate equivalent requirement to assess the student’s ability to analyze, integrate, evaluate and apply the different knowledge skills developed in the various courses. CHED encourage encourages innovation to include curriculum content in accountancy education for relevance. HEIs that wish to innovate may apply to the CHED regional office concerned for evaluation and appropriate action. The curricular standard for each program should follow the minimum requirements for Core/Foundation Courses, Major Courses, Cognate subjects and required as prescribed by this CMO. In line with the changes in education, requirements for taking an educational degree also adjust to these changes. One of the most adapting courses in the Philippines is Accountancy. As various factors demands for improvement and perfection of the business world, The Accountancy course also seeks to find ways to improve and implement rules and regulations to it so that it can effortlessly adapt the changes. Changes in Philippine requirements for obtaining a CPA license have brought change to many accountancy departments. This study questioned how students planned to meet the 150-hour (credit) requirement for CPA licensure. In addition, this study addressed the question of how students planned to obtain the one year experience requirement. To earn the prestige associated with the CPA license, individuals are required to demonstrate their knowledge and competence by passing the Uniform CPA Exam, meeting high educational standards and completing a specified amount of general accounting experience. The two most important goals to focus on in your quest to become a CPA are passing the Uniform CPA Exam and meeting licensing requirements—which have recently seen some big changes that take effect Jan. 1, 2014. Whether you’re already a Certified Public Accountant (CPA) or looking to become one, three proposed changes in the rules governing CPAs could have a major influence on your career. State accounting boards are considering (and in some cases have already made) changes in three areas of accounting certification: mobility, testing and International Financial Reporting Standards (IFRS). Indeed, requirements continuously change. This change is either because of incomplete and non-deterministic character of requirement that is caught as a defect during the reviews or testing stage or because the needs themselves change. While requirements present that dynamic nature, managing this change all through the software development lifecycle has an important impact on the success of the project. That...
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