MSU-IIT among Top 4 in October 2010 CPA Board

By Prof. Divina M. Gallardo and Prof. Pamela F. Resurreccion

MSUIIT CBAA

Continuing the tradition of academic excellence, the College of Business Administration and Accountancy (CBAA) again honored the Institute after results of the October 2010 CPA Licensure Examination showed MSU-IIT to be one of the Top 4 Performing Schools.

The MSU-IIT — the only school outside Luzon to place among the top performing schools — ranked 4th in the category of schools with 50 or more examinees and with at least 80% passing percentage. It garnered a passing rate of 81.48%.

The University of the Philippines placed first (passing rate of 98.82%), University of Sto. Tomas, second (passing rate of 92.23%), and Bicol University – Daraga, third (passing rate of 85.96%).

The national passing percentage this year is 48.36%. The Board of Accountancy of the Professional Regulation Commission (PRC) supervises the examination.

Thirty-six of the 38 graduates (as of April 2010) are among the new CPAs. Based on the figures, Batch 2010 has a passing percentage of 94.7%. (This is the penultimate batch under the old ladderized curriculum that required a qualifying examination for students to proceed to the BS – Accountancy program.)

The 2010 feat adds to the roster of achievements the BSA Program has garnered among other equally notable successes in previous years, including the successes of second placer (2006 CPA Board Exam) Ms. Irine Te, CPA, and 18th placer (2002 CPA Board Exam) Atty. Mylene Amerol-Macumbal, CPA.

Meanwhile, the recent triumph should contribute to positive accreditation marks in the area of curriculum with the CBAA preparing for the AACCUP Level 2 Re-accreditation Survey visit in August 2011.

Mentors of the Department of Accountancy agree that ensuring a high percentage-passing rate, if not a possible 100% rate and positions among the topnotchers, has always been the result of the joint efforts of the faculty members and the students. To these mentors, these efforts equate to a lot of hard work and to preparation in delivering content to keep abreast with current accounting standards.

The CPA Board Exam passers have set a remarkable benchmark in the history of CBAA; this standard poses a challenge to aspiring would-be CPAs following them.

Topics : achievements