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    3 views6 pages

    Vol 1 No 2

    Uploaded by

    Cecille Taguiam

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 6
    N@TES Published monthly by the De La Salle University College of Business and Economics Center for Business and Economics Research and Development (CBERD) on Business Education Issue Number 2 January 1997 The DLSU Accountancy program Broadening the capability of future CPAs By Teresita Nadurata, Chair and Gina Manaligod, Vice-Chair of the Accountancy Department ‘recent years, we have become witnesses to significant emerg- ing issues which bear impact to the accounting profession, Globalization is one ofthe challenges currently faced by aCer- tified Public Accountant (CPA). Tobe able to compete globally, a CPA must be able to find ways and means to practice his profession on a ‘ohalizat bas. ‘ACPA must alto keep imseliherslf continuously abreast with ‘the latest computer andinformatin technology. As we all mow, changes in computer technology occur with unrelenting swiftness. Iti there- ‘ore imperative for an accountant to keep tack of these changes so he! she can practice hisher profession more effectively Other emerging issues affecting the accounting profession are cavironmental issues, nterational standards and capital markets ‘To sustain iver relevance to the various clientele base serves, ‘the accountant must broaden his/her capability as 4 CPA. In response tothe emerging trends inthe business worl she cucu andinstuc- ‘ion methodologies ofthe Accountancy Program must be strengthened. Facaly-stadent interaction must be reinforced to bring about more pro- ductivity in terms ofthe fearing process. Physical fciities mus ike- ‘wise be updated keep up with state-of-the-art technology. ‘Thispaper focuses on how DLSU wil address these challenges. I ‘wil discuss the (1 salient innovations made in the Accountancy Pro- ‘gram during the past years, 2) important features ofthe program, and (@ deren ways of meting futur challenge, hus eahancing the quality ofthe practice ofthe accounting profession, FEATURES ‘The Accountancy Program broadens the capability of CPAsthrough ‘he following important features: A. Well-Balanced Curriculum ‘The BSA curriculumis designed to equip and prepare students: (1) tohurdle the CPA Licensure Examination as topnotchers and passers; (Q)to satisfy work requirements related to recruitment, selection, pro- ‘motion, and rewards, and (3)to seve the society as socially responsible citizens through the Lasallian values education program. ‘The Bachelor of Science in Accountancy curriculum has 68 units ofliberal ats subjects, 66 unis of busines education subjects, 63 units cof accounting subjects, nd 95 units of non-academic subjects. ‘Toimprove the accounting curiculum, the following changes were insted: 1, The inclusion of integrated courses with the objective of apre- review before actual enrolment inthe CPA review course, 2. The inclusion ofthe feasibility sty withthe objective of giving the students the rudiments of feasibility study prepare 3. The inclusion of Platinum Software in Computer Systems 1 (COMPSY 1) to answer the need fr computer applications. 4, The inclusion of 16 units of Audit Practicum with SGV and Co, This was later oa changed into a regular subject—Auit Practice AUDPRAC)-which consists of audit modules of simulated audit client. SGV partners and managers serve as Ieoturers ofthe subject. 5. Theuse of workbooks in basic accounting to develop the student’ proficiency in analyzing and solving problems. 6. The integration of values such as integrity, respect, patience, and discipline in the delivery of subjects. B. Departmental Policies ‘The department has several requirements aimed at ensuring the quality ofits dens, among which ae: (1) a 2.0 passing rade re- ‘uirement in all ccountng subject to make sure that only students ‘witha high level of proficiency are maintained in the program; (2) ‘qualifying exam tha tests the tudens’ knowledge of basic accounting subjects before admision to enrolmentin nancial accounting; and(3) ‘wo comprehensive exams that test the students knowledge o nani ‘sccoumtng, and cost and advanced accounting apc. C. Area Coordinatorship ‘The recruitment and selection program wo screen applicants tothe ‘accountancy program isa means to atract CPAs who are generalists. ‘With their expert, the accountancy program identified these major seas of specialization with thet area coordinators: (1) Basic Account- ing;(2) Financial Accounting (3) Cos/ Advanced Accounting; (8) Mana- ‘geri! Accounting, (5) Auditing; Accounting for Non-BSA, ‘The management area coordinators take charge of mates related to: (Ieview and revision ofcourse syllabus, 2) identification oftext- books and instructional material, 3) preparation of departmentalized examinations, and (4 faculty consultation. ‘The areacoordnatorsip benefits the faculty members in their aim for specialization. D. Audit Practicum (AUDPRAC) ‘The throe unit Auditing Practicum subject aims to bridge the gap ‘between Auditing Theory and Practice. The subject aims to trace the Notes ot jusiness Education, January 1997 audit process through the use of a simulated ‘adit examination supervised by eputabe adit firms partners, managers, supervisors and a LSU auditing faculty representative. SGV's proposed syllabus covers 28 modules involving letures, case, group discussions, workpaper preparations and wrap-up activities in actual adit The top performer is awarded a prize by theaudtng fim. E.Grading System The Accountancy Program adopts aun form grading system fr all vbjets to mini- smize subjectivity or biason the prt ofthe pro- fessor. A stent i evaluated twice during a term: once inthe middle and another towards theend of the erm. For each half, the grade is computed as follows: Final Examination ‘Average Quizzes Class Standing ‘Total 40% 40% 20% 100% ‘Thefinal gradeis computed as follows: First Half Grade 40% Second HalfGrde 60% Total 100% F Integrated Courses ‘The curriculum ofthe Accountancy Pro- ‘ram incfudes three (3) integrated courses, namely Management Services Il, Contempo. ‘ary Accounting and Practice Pat, and Coa- temporary Accounting and Practice Prt I “Management Services II deals withthe reparation af projctfeasblineudy An oral defense of the completed feasibility study is required ofthe proponents Contemporary Accounting and Prac- tice Part covers accounting theory and prac- tice involved nthe recognition and measure- mentof busines transactions and events. This ‘course empasizesthe application of generally accepted accounting principles, techniques and methodologies on anca accounting robles and situations that ae fikely encountered in practice. ‘Contemporary Accounting tnd Prac- tice Part I covers cost accounting for manu- facturing concems, expanded business cperi- tions and national goverment accounting, It {ncldes the proper application of conterapo- rary accounting techniques and methodology to advanced accountng problems an situations ‘onmally encountered in socounting practice. ‘These integrated courses provide the stu- eats with a wholistc approach to accounting, Itoffers the students with perspectives on both the theoretical and practical sides of a busi- ness situation. G. Computer Courses ‘The Accountancy program includerin its ‘curriculum two computer courses: Manage- ‘ment information Systems for Commerce Stu- dents Part I and Pact I. ‘Manegemeat Lnformation Systems for ‘Commerce Students Part I reinforces pre- viously leamed basic concepts and tools in systems analysis and design and systems de- velopment. Itintoduces the features of typical computer-based accounting systems as

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