Anda di halaman 1dari 3

Philippine CPA Board Exam Requirements

To be a Certified Public accountant will not be just as very simple as

one particular click. Getting a graduate using a Bachelors degree in
Accountancy will not make you an accountant either nevertheless it
is just a door to get a new journey. To come to be a CPA one
particular ought to take a CPA licensure exam and this can be
correct not just inside the Philippines but in addition in other
Beneath are the needs necessary to get a individual to become in a
position to take the Philippine CPA Licensure Exam.
Admission Requirements for Examinations. No person shall be
admitted to theexamination unless he is:
a citizen of the Philippines;
of good moral character;
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; and
has not been convicted of any criminal offense involving moral
Educational Qualification / Training / Experience:
B.S. in Accountancy or its equivalent
BSC, BBA, BSBA graduates as of Dec. 1994 with certificate of
units earned.
The Scope of your examination plus the Subjects with corresponding
weight in units plus the minimal hours necessary every single topic
is offered below.

Scope of Examination. The examinations shall be in writing and shall

cover the following subjects with the corresponding weight in units
unless otherwise modified by the Board upon approval of the

Professional Regulation Commission.

As of the moment all board subjects are given 2 units with a
minimum exam hours of 3 hours each subject. Since their are 7
board exam subjects all in all a total of 14 units and 21 hours. The
contents and coverage of these subjects shall be in accordance with
the outline or syllabus prepared and issued by the Board of
Accountancy containing the following:

Theory of Accounts - Accounting terminology, accounting

principles and procedures, classification of accounts, valuation of

assets and liabilities, income determination, developments in the

science of accountancy, etc.
Business Law and Taxation - One-half on the subject of business law
covering obligation and contracts, partnerships and corporations,
negotiable instruments and other phases of the legal framework of
business, and the other half on taxation dealing on income tax,
business taxes, transfer taxes, and other taxes affecting accounting

Management Services - Principles and procedures, methods, and

techniques involved in management consulting services that may be
rendered by Certified Public Accountants in areas such as
managerial accounting, planning and control operations, design and
appraisal of accounting systems, and financial -management
related services.

Auditing Theory - Auditing concepts, auditing standards, internal

control, auditing procedures and techniques, and the short-form
audit report.
Auditing Problems - Problems on the application of auditing
standards, techniques and procedures, preparation of working
papers, completion of the audit, and preparation of audit report.

Practical Accounting I - Problems concerning financial statements

and accounting for assets, liabilities and stockholders equity.

Practical Accounting II - Problems pertaining to partnership, joint

ventures, fire insurance on the insureds books, consignments,
installment sales, agencies and branches, business combinations,
cost accounting, financial analysis, and government accounting.
How the examination is rated is also provided in this article.

Examination Rating. - A candidate for the examination getting a

common weighted common of seventy-five percent and above shall
be entitled toregistration as certified public accountant and as such
shall get a certificate ofregistration from the Board of Accountancy;
Offered, That in no situation will need to the rating on any topic be

much less than sixty-five percent. Inside the occasion a candidate

obtains the rating of seventy-five percent and above in at the least 4
(four) subjects possessing a combined weight of eight (8) units as
offered for within this Act, he shall get a conditional credit for the
subjects passed; Offered, Yet, That such candidates shall take
an examination inside the remaining subjects inside two years from
the preceding examination; Offered additional, That if the candidate
fails to get at the least a common weighted common of seventy-five
percent and also a rating of at the least sixty-five percent in every
single of your subjects reexamined, he shall be deemed as failed
inside the complete examination.

Failing candidates to take refresher system. Any candidate

who fails in two complete Certified Public Accountant
board examinations shall be disqualified from taking a additional set
of examination unless he submits evidence for the satisfaction of
the Board of Accountancy that he has enrolled in and completed in
the least twenty-four units of subjects given in Certified Public
the examinations in which the candidate was conditioned with each
other together with the removalexamination on the topic in which he
failed shall be counted as one particular full examination.
An accountant ought to know his/her limitations. Know the
limitations on the practice of Accountancy.

Limitations on the Practice of Public Accountancy. Single

practitioners and partnerships for the practice of public accountancy
shall be registered certified public accountants in the Philippines:
Provided, That from the effectivity of this Act, a certificate of
accreditation shall be issued to certified public accountants in public
practice only upon showing, in accordance with rules and
regulations promulgated by the Board and approved by the
Commission, that such registrant has acquired a minimum of three
(3) years meaningful experience in any of the areas of public
this requirement shall not apply to those already granted a
certificate of accreditation prior to the effectivity of this Act.
The Securities and Exchange Commission shall not register any
corporation organized for the practice of public accountancy.