REVISIONS IN ACCOUNTANCY CURRICULUM AND BOARD EXAM SYLLABUS PRESENTED
A jam packed crowd of 200 accounting educators listened to the presentation on the revision of the accountancy curriculum and board exam syllabus during the Education Sector Day of the Accountancy Week Celebration held in Hotel Intercon on July 15, 2015.
Dr. Arnel Uy of the CHED Technical Committee, BoA Chairman Joel Tan-Torres and BoA Member Hon. Eliseo Aurellado enlightened the attendees on the direction of the accountancy education program. Dr. Uy and Aurellaod both discussed the four academic tracks that will be available for accounting students starting school year 2018. These academic tracks are the BS Accountancy, B S Management Accounting, BS Forensic Auditing, and BS Accounting Systems and Information Technology. Furthermore, the number of academic units for these accountancy programs have been reduced.
Chairman Tan-Torres discussed the revisions in the CPA Board Exam sylaabus and subjects that will take effect on May 2016. These include:
1. Reduction in the number of subjects from seven to six
2. Merging auditing theory and practice into one subject
3. Merging accounting theory and practice and distributing the pertinent topics in Theory of Accounts, Practical Accounting I, Practical Accounting II to (1) Financial Accounting and Reporting, and (2) Advanced Accounting subjects.
4. Segregating Business Law and Taxation into Taxation and Regulatory Framework for Business Transactions
5. Renaming Management Services to Management Accounting and Control
There will be further consultations and discussion with the accounting education sector on these two measures.
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BOA Accountancy AWC board exam revision forum jULY 2015
ACADEME AND BoA JOIN TO DISCUSS CPA EXAM REVISION
The National Association of CPAs in Education (NACPAE) officers and faculty from various accounting schools gathered with the Board of Accountancy in PICPA Shaw on September 3, 2015 to discuss the details of the revision of the CPA Board Examination Licensure subjects.
Around 40 persons met the whole day to discuss the Examination syllabi and the Table of Specifications that will be put in place for the May 2016 Board Examination.
“We had a very fruitful workshop with the representatives from the accounting schools and review centers to thresh out the requirements for the revision of the board exam syllabi. This has not been revised since the late 1960s and it is high time that changes be made to reflect the current and global standards in the licensure examination subjects,” said Chairman Joel Tan-Torres.
BoA Vice Chair Gloria Baysa and NACPAE Omar Ampongan coordinated in organizing the workshop.