MSU-IIT third best accounting school

MALAYBALAY CITY (MindaNews/28 January) – Mindanao State University-Iligan Institute of Technology is the country’s third best accounting school based on the last two Certified Public Accountant (CPA) licensure examinations run by the Professional Regulation Commission (PRC), a House official said.

In a statement over the weekend Pasig City Rep. Roman Romulo, chair of the House committee on higher and technical education said that based on the last two CPA examinations, MSU-IIT got a passing percentage of 90.00 percent.

University of the Philippines-Diliman obtained a passing percentage of 98.81 percent, and De La Salle University-Manila 94.59 percent.

The other top performing accounting schools are the University of Santo Tomas (89.65 percent) and Bicol University-Daraga (85.94 percent).

According to the PRC, 36.10 percent, or 5,799 out of 16,061 examinees, passed the last two CPA qualifying tests in May and October 2013.

Citing PRC statistics, Romulo said the five schools were the only ones “with 50 or more examinees and with at least 80 percent of their examinees passing” the last two CPA licensure tests.

PRC and Commission on Higher Education (CHED) records show that the country has a total of 398 schools accredited to train would-be CPAs.

Romulo said they made the list public to help parents and students “decide for themselves as to where they will most likely get the best value for their hard earned tuition money.”

“There may be other accounting schools with at least 80 percent of their examinees passing the last two CPA eligibility tests, but these institutions were excluded from the list simply because they had less than 50 examinees,” the lawmaker clarified.

Accounting is among the top five most heavily subscribed programs in college, along with nursing, teaching, criminology, and civil engineering, wherein graduates must first pass a national licensure examination before they can practice their profession, he noted. (MindaNews)