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Career Paths Awaiting To Accountancy Students of Lyceum of The Philippines University
Career Paths Awaiting To Accountancy Students of Lyceum of The Philippines University
by
CABALFIN, Jim Charles
CALLELERO, Whindy
CAMANO, Ma. Reina Niña
CUASAY, Giezel
DE TORRES, Ellah Aica
Acknowledgments
The researchers would like to extend their appreciation to the persons who
contributed ideas and materials were used significantly in the preparation of this
research paper.
First, to the Heavenly Father who gave them strength and wisdom to finish this
paper. Second, their expression of gratitude is given to people who served as their
inspiration; their family, friends, professors, and schoolmates for their understanding,
love and support and whose encouragement made them more persevere; thus, this
work is a reality.
Their warmest thanks go to Prof. Mylen Palay, their educator on English 2 for her
non-stop support and for sharing her knowledge and being their source of learning. To
their colleagues for the unceasing friendship, their influences undeniably made this
paper complete.
Chapter 1
INTRODUCTION
acceptance of the responsibility to act in the public interest. Therefore, the obligation of
This study aims to provide students’ knowledge on what they can do in the near
for accounting services in the Philippines has increase in number, size and complexity
of business. They may be engaged in areas of public practice, commerce and industry,
University- Batangas is the first and only PACU-COA Level IV accredited Accountancy
program in the Philippines. Thus, its graduates is nurtured with the best education they
dilemmas they face. It may be family problem, financial problem or simply the difficulty
of the program. For this reason, the researchers hope to enlighten their minds to
determine the extent of their capability in accountancy profession. The research paper
business world.
to the fullest and to see what life they can experience after graduating the 5-year degree
program of Accountancy.
Lyceum of the Philippines University- Batangas”. Specifically, it shall find answers to the
following questions:
1. What is the accountancy students dream work in respect with its workplace and
environment?
2. What are the qualities must he/she possess in order to attain his/her dream
work?
3. What are the different areas of accountancy that LPU-B accountancy students
New Accountancy students; this will inspire them to strive high to achieve their
opportunities waiting for them when they graduated the program or even passed the
Future Researchers; it will give them an exemplar for the same endeavor or even
salary that were gathered by the researchers. To be at ease, the dollar value of the
accountant’s wage clasped and converted to peso value so that readers of this research
Definition of Terms
Accountancy.
and art of recording correctly in the books of accounts all those business transactions
Commerce. In this study, refers to the activity of buying and selling, especially on a
large scale. The system includes legal, economic, political, social, cultural and
economies.
Private Accounting. In this study, refers to the firm that performs accounting services
Public accounting. This research paper further describe this as a firm that performs
auditing, tax, consulting and accounting services for other businesses, organizations or
individuals.
Tax. It expresses as a financial charge or other levy imposed upon a taxpayer (an
individual or legal entity) by a state or the functional equivalent of a state to fund various
public expenditures.
Chapter 2
REVIEW OF LITERATURE
This chapter established the concepts and studies related to the present study.
Conceptual Literature
As Horngren, Harrison, and Oliver’s book states that there are several
To toil effectively, the people in organization need information about the amounts
of these resources, the means of financing them and the results achieved through using
them. Parties outside need similar information to make judgments about the
organization.
professionals within the company the ultimate responsibility for the generation of
accounting information rests with management. Within the division of top management’s
duties, the controller is the person accountable for the needs for management of
and execute the information systems required to generate financial reports and tax
Irrespective of the nature and size, accountants are pivotal components of any
business. Even in the recession period, accountants are crucial part of any organization,
for doing bookkeeping, auditing, financial management and such. Individuals pursuing
the accountancy program have the choice of finding accountant jobs in a diversified
industry and companies due to the fact that every company needs help of an
Research Literature
The study revealed that accountant job is quite extensive. He/ She is involve in
information for tracking financial performance, tax strategies mergers and acquisitions.
initially join a company as a junior accountant or trainee. Also, accountants can find
and consultancies. There is a good scope in teaching field also, where a post-graduate
student can apply for teaching jobs in colleges and universities possibly in Alma Mater,
convenience. Table 1 illustrates some of the job titles that may enjoy in the accounting
field.
1. Finance Managers
2. Directors (Finance)
3. Chief Financial Officer
4. Financial Advisors
5. Certified Public Accountant
Table 1
bookkeepers and other data-employees who maintain the detailed operating records,
and the other one is staff accountants who decide how items should be reported,
prepare the reports, prepare special analyses, design and operate the system through
Most independent public accountants are licensed by their state and are
Most top officers of many businesses are the controller because of the
Within the division of top management’s duties, the controller is the person
information and for complying with the requirements of financial reporting and tax
accounting.
Based on the information gathered by the researchers in the fast- pacing internet,
financial accounting, corporate finance, tax audit or assurance, the sector can provide a
rewarding and far reaching career. Prospects within the sector are good with
accountant in the Philippines, you have to pass (or be exempt from) a series of
professional exams and undergo a period of relevant practical training. For this reason,
graduates who begin their careers as accountants will usually start studying
immediately.
what a long term career in accountancy can offer. Many believe it is a working life of
number crunching; however recent developments among the major organizations have
changed the true role of the accountant. In the 1990s the Big Four re-evaluated their
offerings, and today they style themselves as providers of professional services, offering
advice and solutions to all their clients' business needs - much along the lines of the
and the knowledge to help them improve their effectiveness to achieve their strategic
objectives.
competing more and more with banks and other financial establishments for graduates.
With each of the Big Four taking on between 350 and 450 graduates a year, they are
graduates who are ambitious, analytical, logical, patient, and persistent are still very
sought after. A graduate’s portfolio would be improved with relevant work experience as
In the eighth edition Accounting book by Horngren, Harrison, and Oliver, the
average starting salary in 2007 for a college graduate with a bachelor’s degree in
accountancy was almost $ 44 000 or Php 2 million annually. A graduate with master’s
degree earns about 10 % more to start and Certified Public Accountant (CPA) earn
another 10 %.
There are many accounting firms are established as partnerships, and the
partners are the owners. This partnership is also called as General Professional
the rank of partner. The partners of the large accounting firms earn from $150,000 to
Another table from the book of Warren, Reeve, and Duchac 2007 was illustrated
to spectade the salary guide for different accounting jobs. Table 2 is elucidated below.
Cost
Accountant ₱1,729,250 Certified
Management
Accountant
(CMA)
Certified
Information ₱3,335,000 Information
technology Systems Auditor
auditor (CISA)
services for their clients and companies. We call it private accountant if he works for an
accounting.
with the resources, information and leadership to enable them provide valuable services
to benefit the public, employers, and client. Under PICPA, there are Associations of
Valencia (2002) concludes a stairway in attaining CPA’s Goal. First, it states that
He is diligent, persevering, patient, diligent, and hardworking so that he can achieve his
goal to success. Second, he must pass all the subjects prescribed. Do good in minor
examination. Then, a formal review for the CPA board exam will go next. Remember
that one who is prepared increases his chances of passing the licensure examination.
After reviewing, the result must be positive. A candidate takes the CPA examination to
pass it, not just experience it. And the goal finally arrives, the accountancy professional
career.
Chapter 3
METHODS
Research Design
The purpose of this investigation is to determine the careers awaiting for the
researchers use the evaluative method of research. When in it is type of study that uses
questionnaire. It compromises the questions that related to the problems of this study.
Part 1 which the researchers does not indicate on the questionnaires given to the
students queries for the respondent’s profile, interims of age and gender. Part 2 about
the Accountancy student’s assessment of the program they are taking up. Part 3
Chapter 4
Name: Age:
C/Y/S: Gender:
Listed below are the questionnaires that the researchers need in gathering information
in relation to our research paper entitled “Career Paths Awaiting to the Accountancy
Students of the Lyceum of the Philippines University- Batangas”. Please put a check (/)
[ ] Yes
[ ] No
[ ] Peer Pressure
[ ] In demand
[ ] Financial problem
[ ] friendly environment
[ ] high salary
[ ] communication skills
[ ] analytical skills
[ ] technical skills
[ ] physical capabilities
[ ] mental capabilities
[ ] in my hometown
[ ] in our province
[ ] abroad
7. Is it necessary for you that your first job will be in line of accountancy profession?
[ ] Yes
[ ] No
[ ] Public Accounting
[ ] Academe/ Education
[ ] Government
[ ] Industry
[ ] Yes
[ ] No
10. What is your end goal after finishing the 5-year degree of program of
accountancy?
[ ] To become a CPA
[ ] To work abroad
Thank you for answering the following questions. The researchers ensure utmost
http://www.publishyourarticles.net/knowledge-hub/accounting/what-is-book-keeping/175
http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.454.6822&rep=rep1&type=pdf
http://www.jstor.org/stable/42857703?seq=1#page_scan_tab_contents
Anthony, Robert N., Hawkins, Davis F., Merchant, Kenneth A., (2003), International
Horngren, Charles T., Harrison, Walter T., Oliver, Suzanne (2009), Eight Edition
Meigs, Robert, Meigs, Mary, Bettner, Mark, Whittington, Ray (1996), Tenth Edittion
Accounting The Basis for Business Decisions, The McGraw-Hill Companies, Inc., page
28
Merchandising and Manufacturing 2010 Edition, Millennium Books Inc., page 4 and 5
Warren, Carl S., Reeve, James M., Duchac, Jonathan (2007), Accounting Chapter 1-13,