The Bachelor of Science in Accountancy (BSA) program is composed of subjects in accounting ( financial, public, managerial), audit, administration, business laws and taxation. Its primary focus is not limited to business subjects, but to other fields as well, such as banking and finance, government, social services, education, and more. The program also teaches students to integrate information technology concepts into business systems, in order to create a more systematic and organized way of storing business related data. As a student, you will be taught computerized accounting systems, and basic understanding of computer programming and auditing systems. The program also instills in students the importance of computational and communication skills both in written and oral English.
The BS Accounting program is taught in a variety of teaching methods such as case analysis, individual and group reports, simulations, classroom discussions and guest lecturers. It also includes extensive exposures to business immersions (an internship where there is a probability that the company will hire/absorb you after graduation) and an on-the-job training that will provide you with the understanding of practical accountancy.
Is Accountancy a profession?
Accountancy is a proffesion. A graduate of BS in Accountancy who passed the board exam is called a CPA (Certified Public Accountant), or in short an Accountant. An accountant's job includes the performance of financial functions related to the collection, accuracy, recording, analysis and presentation of a business, organization or company's financial operations. The accountant usually has a variety of administrative roles within a company's operation.
What are the admission requirements for BSA?
According to CHED (the official governing body of both public and private higher education institutions), the standards of admission to the BSA program should be sufficiently rigorous and demanding, that is why it has set a standard for Colleges and Universities who offer the BSA program to conduct a selective admission policy.
Requirements at each school are different, but the following are the common requirements:
What skills are required to succeed in this course?
A combination of knowledge, skills and the right attitude are needed to succeed in this course:
How difficult is BS Accounting?
BSA is quite a difficult course. Many students end up shifting to other courses because they cannot withstand the demands of accountancy. Although it requires only basic mathematical operations, what makes it difficult is the use of analytical and logical thinking. Rigid training and a difficult board exam complete the list of obsticles for this course.
How long does it take to complete BS in Accountancy?
Normally, the BSA program takes 5 years to complete. Some schools who apply the trimesteral system do the program in 4 years.
The duration is spent in interactive classroom discussions, business immersions and on the job trainings. Depending on the school, the estimated total number of hours for on the job trainings ranges from 150 to 240 hours.
Review classes in preparation for the CPA licensure examination, can require an additional 5-12 months, depending if you pass on the first try or not.
The Board Exam
An accountancy graduate needs to take the Certified Public Accountant's Licensure Examination before he/she can practice as an accountant. The examination is conducted by the Board of Accountancy under the supervision of the Professional Regulation Commission (PRC). It is scheduled twice a year in the month's of May and October.
All board subjects are given 2 units with a minimum exam hours of 3 hours each subject. Since there are 7 board exam subjects all in all, there is a total of 14 units and 21 hours. A candidate for the examination should obtain a general weighted average of 75% with no rating belong 60% in all 7 subjects.
Career opportunities for BSA graduates