How to Pass the CPA Board Exam in the Philippines - CPA Tips and Requirements
How to pass the Philippine CPA board exam? It’s easy as 1, 2,3 for someone who really is deserving. This hub contains the best tips to pass the CPA exam. You will pass it and you knew it from the start, if you didn’t then you never would…
The Philippine CPA licensure exam is considered the most difficult board exam in the history of Philippine career professionalism, yup I’d like to say even harder and tougher than the bar exam. Lawyers’ exam may contain a little bit of accounting but the CPA board exam covers one part of Law which includes 60 to one hundred items of questions to pass. This means if you failed Law among the CPA exam subjects covered, you also failed the whole exam. So you wanna be a CPA lawyer huh? Lol
Before we dig deeper, bear in mind cpa-wanna-be that no one ever has passed the CPA licensure exam out of luck. So forget the eenie-meenie-minee-moe in shading the right answers from the multiple choices because the board of accountancy is so conservative of luck. Ha, ok, like I told you, it’s like playing Sudoku, if you know the rules, strategies and the main concept of accounting, you’ll definitely enjoy the shading part and you won’t need to wait for the official release of PRC’s CPA results because ninety percent of CPA passers are born than made. If the genes, the IQ and the love of accounting is in your blood, being a certified public accountant will definitely be in your fate.
Scope of CPA board exam:
The examination shall include but not limited to the following subjects:
1. Theory of accounts
2. Business law and taxation
3. Management services
4. Auditing theory
5. Auditing problems
6. Practical accounting problems I
7. Practical accounting problems II
Based on Sec. 16 of Philippine Accountancy Act of 2004, in order to pass the examination, an examinee must obtain a general average of seventy-five percent (75%), with no grades lower than sixty-five percent (65%) in any given subject.
CPA board exam requirements:
The requirements for taking the CPA licensure exam in the Philippines prescribed by the PRC (Professional Regulation Commission) and given by the Board of Accountancy are:
Applicants for CPA board examination shall establish to the satisfaction of the Board:
a. He/she is a Filipino citizen.
b. He/she is of good moral character.
c. He/she is a holder of the degree of Bachelor of Science in Accountancy conferred by a school, college, academy or institute duly recognized and/or accredited by the CHED or other authorized government offices.
d. The applicant has not been convicted of any criminal offense involving moral turpitude.
**you can now apply online if qualified
How to pass the CPA board exam
11 Tips to pass the CPA board exam. I’ve listed the cpa exam tips for you.
Love accounting by heart. If it’s gonna be your profession, you must love it by heart. Loving what you’re doing is a great key to success.
Start your freshman year mastering it. We all know accounting is a cycle. The earlier you started practicing and mastering all concepts and process, the better you will understand it and love it by heart. Accounting involves analytical skills, doesn’t require anyone to be excellent at Math. You just have to have a strong foundation of the basic accounting concepts and mastering the basic accounting cycle, all else will follow. It’s a cycle that once you’ve missed a step, you’ll never proceed to the next or you’ll never proceed at all. The later you started getting serious with accounting, the lamer you’ll pass.
Practice makes perfect. Always the number one rule to success. Always practice solving accounting problems. It will sharpen up your auditing skills and you’ll get quicker and tougher.
Use the same calculator you’re comfy with. It’s advisable to get comfy using the one you’re gonna use to the board exam. It must be suited for you. The board has issued a memo regarding the allowed calculators to be used in the CPA board examination. Scientific calcu areen’t allowed. I suggest, know it while you’re still in school so you’ll be comfy with your calcu already. This will definitely save a lot of time.
Know your weakness and erase them weakness. The cpa board exam covers 7 subjects. Make each one your favorite. Never underestimate one subject -- for it might be the reason of your failure.
Dedicate a time to study and a time to play. Everything requires dedication. You must spend hours for accounting time in school and at home. Don’t over-study too. Play and have fun.
Have a thorough review. Aside from a self-review, it is recommended to enroll in a reputable review center to have a deeper experience of the actual board exam. It’s a cool CPA exam preparation for you. Review schools also have the updated materials and events regarding what is latest in the board. They will also assist you for your cpa exam schedule and requirements to assure you’re on the right tracks.
Believe in yourself. Believe that you’re shading the best answer because they are the right answers. Believe and trust in yourself. An exam is like a game, you need to focus and believe in your potentials to win it.
Pray. It works. It’s not whole physical and mental. You also need spiritual guidance. Thank the Lord and accept His blessings of having a healthy and bright mind.
Prepare everything completely settled. Settle everything you will need for the examination day. Extra pencils, calculators, scratch papers, erasers, IDs, permits, and all things you need to bring for the big day.
Relax and chill before the big day. Free and set your mind ready for the exam day. Don’t stress. Just breathe and smile…A positive energy will bring positive things.
Do not take the CPA board exam if:
- You didn’t review well.
- You know to yourself you’re not ready to take it.
- You’re just depending on luck.
- You can’t even solve any accounting problems.
- You don’t know how to audit...
- You don’t really wanna take it.
- You didn't have a breakfast.
List of Calculators Allowed for the CPA Board Exam
Calculators allowed by the PRC for the CPA licensure examination are non-programmable as prescribed by their memorandum. The list below is the updated list. Glad to give the official link from the PRC itself.
Calculators allowed for the CPA board exam
- know them and work for them and enjoy the high accounting status career you've been dreaming of...
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