May 2019 CPALE in numbers. Evolution of the Accountancy Curriculum. Previous BOA presentations. Future of Accountancy Profession. Challenges to the Academ

1. 1
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Challenges and Issued facing the
Accountancy Profession
Ferdinand C. Importado
CPA, MBA, DBA (Academics)
September 10, 2019

2. May 2019
CPALE in
Numbers
Evolution in the
Accounting Profession
1
2

3. 3
Challenges to the
Academe
Future of the Accounting
Profession
3
4

4. 4
Career Preparation5

5. CPA Board Exam Results
36% 35% 30% 29% 25%42% 16%
May 2016
October 2016
May 2017 May 2018 May 2019
October 2017 October 2018

6. May 2019 CPALE in Numbers
468
Number of schools
whose students took
the May 2019 CPALE

7. May 2019 CPALE in Numbers
91Passers
470Failed
570Takers

8. May 2019 CPALE in Numbers
5 Number of schools
with 100% passing
rate
180 Number of schools
with 0% passing
rate

9. May 2019 CPALE in Numbers
305 = 65%
Number of schools
below the national
passing rate

10. May 2019 CPALE in Numbers
National passing
rate for the May
2019 CPALE
16.47%

11. 22.07%
16.47%
70.61%
76%
73%
52%
38%
66%
27.28%
25.95%
40.80%
68.68%
51.08%
69.51%
BAR exam
CPALE
Mechanical engineering
Physician
Dentist
Nursing
Civil engineering
Architecture
Elementary teachers
Secondary teachers
Environmental planner
Real estate broker
Customs broker
Pharmacist
Is the CPALE becoming
more difficult?
The quality of
Accounting education
is declining?

12. Evolution in the Accounting
Profession
The CPA examination scope
Before (1923)
• Theory of Accounts
• Practical Accounting
• Auditing
• Commercial Law
After
• Theory of Accounts
• Practical Accounting 1
• Practical Accounting 2
• Management Advisory
Services
• Business Law and
Taxation
• Auditing Theory
• Auditing Problems
Now
• Financial Accounting
and Reporting
• Advanced Financial
Accounting and
Reporting
• Management Advisory
Services
• Auditing
• Taxation
• Regulatory Framework
for Business
Transactions

13. Evolution in the Accounting
Profession
The Qualification to Apply
Before (1923)
• An applicant must be over 21
years of age
• Nothing explicitly requiring a
bachelor’s degree in
accountancy
Now
• Filipino citizen
• Good moral character
• Bachelor of Science degree in
Accountancy
• Must not have been convicted
of any criminal offense
involving moral turpitude
• No minimum age requirement.

14. Evolution in the Accounting
Profession
The Rating Required to Pass
Before (1923)
•A general average
rating of 75
percent
Now
•A general average
of 75 percent
•No grade below
65 percent in any
subject

15. The supervision, control and
regulation of the practice of
accountancy in the
Philippines
Regulation
The examination for
registration of certified
public accountants
Examination
Standardization and
regulation of accounting
education
Education
Challenges to the Academe and BOA

16. Present Situation : Education
1
Declining passing rate among takers (16%
May 2019)
PASSING RATE
2
468 schools offering BSA all over the
country
SCHOOLS
3
38% (180) have zero passing rate and 65%
(305) below the NPR
PROGRAM
4
The introduction of the SHS seems to be
problematic
ABM PLIGHT

17. 17
Representation
Extend help to DepEd on
ABM
Greater
Collaboration
Strengthen collaboration
between CHED and BOA
Pruning
Prioritize
Visit schools with low,
minimal, zero passing
rate
Future-proof
Periodic review of BSA
curriculum
Terminate BSA program of
schools with remote possibilities
of producing CPAs
What Should be Done

18. Present Situation : Examination
Out-of-Sync
CPA Exam Syllabus not in
synch with BSA curriculum
Selective
Examination may not cover
the entire syllabus
Long-nights
Exam results released more
than a week after the last day
of the exam

21. 21
Revised Licensure Examination

22. 22
Which Generation Are You?

23. 23
Teaching Methods for Millennials

24. 24
Flipped
Classrooms
Blended Learning
CollaborationBite-sized Learning

25. 25
Social Proof
Gamification
Credentialing

26. Future of Accounting Profession
Increased use of sophisticated and
smart technologies
Continued globalization
Increased regulation, and the
associated disclosure rules

29. Future of Accounting Profession
“AAT recently surveyed 250
accountants and bookkeepers
to look at what the future might
be for the accountancy
profession.”
Automation Cloud
Developments of accounting
software

30. 60%
89%
75%
Automation
Full-automation
Career opportunities
Easier job

33. Cloud Computing
Potential losses Subject to hacking

36. Cyber Security Statistics 2019
Half of all Cyber attacks are targeted
at small businesses
Estimated $6 trillion in damages by
2021
Only 10% of cybercrimes are reported
in the U.S each year
Become a hacker with $1

38. BSMA BSIA BSAISBSA
Financial Accounting and Reporting
Advances Financial Accounting and Reporting
Financial Management and Advisory Services
Taxation
Regulatory Framework for Business Transactions
Certified Accountant (CA)
Three years of meaningful experience
Advanced
Auditing
Advanced
Mgt Acctg
Advanced
Internal Aud
Advanced
Acct Info Sys
Certified
Public
Accountant
Certified Professional Accountant
Programs
High LVL
License
First Level
Exam Subjects
1st License LVL
Work Exp.
2nd LVL Exam
Subjects

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Ý
START
END
Preparing for your Future Career
Decide where
you want to take
your career
Continue
building skills
Network
Plan but be
flexible
Commit mistakes

42. 42
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