THESIS WRITING CHAPTER 1

Topics: Accountant, Accountancy, Certified Public Accountant Pages: 8 (1709 words) Published: February 3, 2015
WHAT ARE THE ADVANTAGES AND DISADVANTAGES OF STUDENTS TAKING THE QUALIFYING EXAM IN ACCOUNTANCY? BACKGROUND OF THE STUDY
Accountancy is the language of business. It is a fundamental part of how business is done around the world. That is why all universities and colleges offering this program should maintain, or much better, continue to enhance the quality of education they are offering. Standardized Admission and Retention Program on Bachelor of Science in Accountancy (BSA) are necessary in order to meet the needs of the profession. According to the records, the over-all passing rate from the latest board examination for accountancy has declined from 47% (October 2012) to 27% (May 2013), which is the fourth lowest passing rate since 2005 (Mata, 2013). According to the Commission on Higher Education (CHED) on 2007, the retention program should be sufficiently rigorous and demanding to meet the needs of the profession and merit the respect of the public. Universities and colleges offering this course must establish a program that will assure high probability for students to successfully finish the program satisfactorily. They should analyze the relationship of academic performance of BSA students in their future accounting profession. There is a strong positive relationship between these two variables. Since there is a positive correlation, it reveals that there should be written policies that state the benchmark of required grades for accounting subjects in order to maintain a possible high rate of passers. Standardized Table of Specification (TOS) is also recommended in order to give weight on a more important topic of the program. The school is given the privilege to require standard admission requirements to the program as reflected in its manual of regulations for students (CHED, 2007). In the United States and some other countries in the west, to become a Certified public Accountant (CPA) in a specific state, you must not only finish a bachelor’s degree. You must also present some requirements that will qualify you as an applicant. In order to be qualified, there is an aptitude test that you should pass. The said test will measure not only the cognitive but also the affective side of the person taking it. In the Philippines, being a Certified Public Accountant (CPA) is as hard to get as in other countries. For example, in the Far Eastern University (FEU), Students wishing to pursue a degree in accountancy leading to the CPA examination shall be enrolled initially in BSBA-Major in Internal Auditing.  After completing the course requirements for the first four years of study, the student shall be granted the degree of Bachelor of Science in Business Administration-Major in Internal Auditing.  Qualified students will be eligible to proceed to a fifth year of study, after which they will be granted the degree of Bachelor of Science in Accountancy which will qualify them for the CPA examination.  At the end of the five-year program, the successful student shall have earned two separate degrees (BSBA-IA and BSA).  To simplify the situation, you have to study and finish a related course first before pursuing the degree in accountancy. There is a different scenario in other universities. There is a retention program that mandates every student to have an examination conducted yearly and pass it in order to continue studying Accountancy. If they failed to do so, they are required to shift to another business related courses. To name a few, University of the Philippines (UP), De La Salle University (DLSU), and Polytechnic University of the Philippines (PUP) are some of the universities that regulate this program. In this instance, they should study accountancy first and if they fail, they will have no option but to pursue another business related course to continue their studies. This means a different pathway to a quite different career. In Our Lady of Fatima University (OLFU), the same retention program applies. Freshmen...
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