The recently held Philippine CPA Board Exams posted the highest passing rate so far (as of this writing) in the history of the Philippine CPA Licensure examinations. Passing rate is roughly 48%!!!
Some observers attributed this surge in passing rate to the increasing demand for accountants in the Philippines's booming economy and the upsurge in demand for Filipino CPA talent all over the globe. So the PRC-BOA we're seemed to "heed" on this call by lowering the passing cap.
Much of the highlight moments were given to the topnotchers and passers. Now in this blog entry, I want to focus on those who have not yet made it.
In my opinion and observation, many candidates fail the CPA exams because of three things:
1.) Lack of early preparation. The preparation for the CPA Board exams should start at our first day in college. They have been given 4 to 5 years of undergrad preparation but they prefer to spend much of their time playing around. Thus, they don't have the solid foundation of the concepts. They depend too much on their professors. They limit themselves into what they know about a subject and put into oblivion those subjects or topics that they don't really know. Accounting is essentially a self-study course and requires patience and hardwork.
2.) Failure to focus. Most of the students/reviewees tend to focus more on extra-curricular activities and they forgot to prioritize their studies. Well, Im not saying that you should not engage into extracurricular activities. I myself was a very active student. I just observed that college studs put more focus on extracurriculars because they love doing those activities. When you asked them they will tell you that their academics is still the priority. It's just a priority in mind and not in appearance. Action speaks louder than words. So focus, focus and focus. Manifest your focus to your goal.
3.) Attitude. This is really where the problem is. Most students feel so miserable when they flunked an exam, laughed at when reciting wrong answers and the so-called, inferiority complex. A positive attitude is tantamount to attaining success. Apply the law of attraction. Think, feel and act like a CPA and you will surely become one.
Can you share your insights regardint this subject matter?
Please feel free to post your comments.
1 comment:
Personally, I think the most important thing you need is determination. I had a very poor foundation (no offense to my Alma mater) and can be labeled as your typical “lakwatsera”. I prefer drinking piña coladas than spending time with books and a calculator.
But I was really determined to pass the CPA board on my first take which I successfully did, Thank God. Come to think of it, I was just starting to learn the basic principles of accounting during my 3rd year! :)
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