ON March 17, the Board of Accountancy in collaboration with the Philippine Institute of Certified Public Accountants and other sectoral organizations celebrate the centenary of the accountancy profession in the country.
It is the culmination of the year-long celebration which was launched on March 17, 2022. Organizers adopted 'Celebrating the Past, Transforming the Present, Shaping the Future' as theme of the centennial celebration.Accounting is defined as the system of recording and summarizing business and financial transactions and analyzing, verifying, and reporting the results .
'It is our objective to formulate questions that will test the examinees' knowledge and proficiency in concepts and principles related to the various areas in the examination,' Dr. Quiñanola said.Accountancy is one of the more popular degree programs among Filipino students. There are around 540 colleges and universities offering the program. The CPA licensure examination is also among the most difficult. In the May 2022 CPALE, only 990 out of 4,442 examinees representing 22.
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