A Thomasian topped the October 2017 licensure exams for certified public accountants (CPA), leading six other graduates of the UST-Alfredo M. Velayo College of Accountancy in the top 10.
Alfonso Solomon Magno led the fresh batch of accountants with a score of 91.33 percent.
The University was the third top-performing school with 91.99-percent passing rate, or 333 out of 362 examinees. This was higher than last year’s 90.72 percent or 352 out of 388 examinees.
Thomasians Ray Jay Dizon and Alvin Thomas Andaya placed fourth and seventh with scores of 90.67 and 90 percent, respectively.
Sharing the ninth spot were Maria Isabel Marfil and Marc Leuvill, both scoring 89.67 percent.
Christine Mae de Leon and Louize Allaine Areño shared the 10th spot, with identical scores of 89.33 percent.
The University of the Philippines-Diliman remained the top performing school in the CPA licensure exams, maintaining a 100-percent passing rate. All 69 UP examinees made the cut.
The national passing rate slid to 30.45 percent or 4,511 out of 14,816 takers, from last year’s 36.48 percent or 5,249 out of 14,390 examinees.
QUANTITY AND QUALITY
Despite the number of registered CPA takers, UST maintains its status as a top performing school, sending 333 new CPAs out of 362.
What is more interesting, UST is the second school with largest number of takers, next from PUP-Sta. Mesa with 907, and followed by SLU at third with 255. There are 2 other schools with more than 200 examinees, PSBA-QC and St. Paul School of Professional Studies, respectively at 245 and 212. None of these other schools made more than 50% passing rate.
There are 20 schools with 100-199 examinees. Only DLSU, at 92.66% made it to the top with 101 from 109. Following La Salle in this category are Holy Angel University at 73.79% and FEU-Manila at 73.33% passing rates.
According to PRC, CPA licensure examinations is one of the most number of examinees being administered by them, scheduling twice in a year, May and October. This October alone, only 4,511 out of 14,816 made it to the profession. 7.4% new CPAs here out of 495 schools nationwide are Thomasians. This is an indication that Accountancy remains one of the in-demand professions, attracting more college students.
The bulk of students wanting to become a CPA should then be a consideration by the government agencies, especially CHEd, to focus on developing further programs and most especially assistance to families whose members hope to become future accountants. Recognizing an institution should include a particular category on which of them produce more CPAs from its multitude of graduates. The necessary state fundings should subsidize these highly performing institutions with large graduates to accommodate more students with the necessary education and skills for the profession. This is where taxes should be allotted with an amount of certainty. The government should give assistance to institutions who produce both quantity and quality in a particular field and profession. UST, producing more CPAs than the other top schools combined deserves this recognition!