ACCOUNTING TUTORIAL - PART 7
1. CPA Board Exams
2. Career Fields in Accounting
3. Different Accounting Areas
4. Different Regulatory Bodies
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1. CPA Board Exams
Q: SINO ang allowed mag-take ng Philippine CPA Board Exam?
A:
- Yung mga graduate sa course na BACHELOR OF SCIENCE IN ACCOUNTANCY
- Yung may GOOD MORAL CHARACTER
- Yung hindi napatunayang guilty ng "MORAL TURPITUDE" (like Adultery or Concubinage - pakikiapid)
- Filipino citizen.
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Q: Tuwing KAILAN ginaganap ang CPA Board Exam?
A: Dalawang beses sa isang taon. May and October.
**
Q: Ilan at Ano ang mga SUBJECTS sa CPA board exam ?
A: 6 subjects
- RFBT (Regulatory Framework for Business Transactions)
- TAX (Taxation)
- MAS (Management Advisory Services)
- AUDITING (Auditing theory and Auditing problems)
- FAR (Financial Accounting and Reporting)
- AFAR (Advanced Financial Accounting and Reporting)
Q: Paano makapasa sa CPA board exam?
A: General weighted average of 75% and above
(with no grades below 65% in any subject)
**
Q: Anong mangyayari pag ang Gen. Ave. ay above 75%, ngunit may grade na below 65% sa ibang subject(s)
A:
- CONDITIONAL if 75% and above ang at least 4 subjects (at ang uulitin na lang ay yung subjects na may grade below 75%)
-FAILED if 3 subjects and below lamang ang 75% and above.
*Masasabing CONDITIONAL ang status ng isang examinee kapag 75% and above ang grade niya sa at least 4 subjects (kahit na ZERO pa ang grade sa natitirang 2 subjects).
*Ang CONDITIONAL examinee ay kailangang mag-exam ulit para kunin ang di naipasang subject(s) within 2 years mula sa exam kung saan siya na-conditional.
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2. Career Fields in Accounting
A. Public Accounting
B. Commerce and Industry / Private Accounting
C. Academe (Education)
D. Government Accounting
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3. Different Accounting Areas
A. Basic Accounting / Bookkeeping
B. Financial Accounting
C. Managerial Accounting
D. Auditing
E. Cost Accounting
F. Government Accounting
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4. Different Regulatory Bodies
A. PRC (professional Regulation Commission)
B. PRBOA (Professional Regulatory Board of Accountancy)
C. PICPA (Philippine Institute of Certified Public Accountants)
D. FRSC (Financial Reporting Standards Council)
E. IASB (International Accounting Standards Board)
#Part8 tomorrow
~Admin/Tutor Michael
#TheAccountant
