Shaping Future Certified Public Accountants: Through Policy to Quality Accounting Education in a University

Abstract

One of the most arduous licensure examinations in the Philippines is the Certified Public Accountant Licensure Examination (CPALE) administered by the Board of Accountancy (BOA) of the Professional Regulations Commission (PRC). Moreover, the success of students aspiring to become CPAs depends on the quality of the educational services provided by the educational institution. This study aims to assess the University of Cebu-Banilad's admission and retention policies for the Bachelor of Science in Accountancy program.

This study employed a descriptive correlational research design using secondary data from the Guidance Center, the Registrar's Office, and the Professional Regulations Commission. Using a purposive sampling technique, there were twenty-five (25) research subjects in this study. For data analysis, simple percentages, Pearson Product-Moment Correlation, and the Chi-square test of independence were used.

The research subjects had average IQ, abstract and arithmetic reasoning abilities, language proficiency, and good performance in accounting and taxation subjects. Also, there is a significant relationship between the research subjects' performance in the accounting and taxation courses and their performance in the entrance examination. Moreover, there is a significant relationship between the pre-board and CPA Board Examination performance of the BSA graduates. Furthermore, the admission of average performance in the entrance exam and the retention policy with a cut-off grade of 2.5 relate to graduates' ability to pass the licensure examination. So, the teaching strategy should emphasize strengthening students' mathematics and related subject skills.