BACHELOR OF SCIENCE IN
aCCOUNTANCY

CONTENT

PROGRAM DESCRIPTION

This program provides general accounting education to students pursuing a professional career in Accountancy, with a focus on Public Accounting. Further, this is the program that complies with the latest competency framework for professional accountants issued by the International Federation of Accountants (IFAC) through their International Education Standards. Thus, this qualifies the graduate of this program to take assessments leading to certifications in Accountancy given by the Professional Regulatory Commission Board of Accountancy (PRC-BOA) and other global professional Accountancy organizations.

As a field of study, Accountancy is a profession that involves providing assurance and audit services for statutory financial reporting, tax-related services, management advisory services, partnering in management decision-making, devising planning and performance and control systems, and providing expertise in financial reporting and control to assist various stakeholders in making decisions.

Accountants should pursue lifelong learning and continuous professional development. They must be objective, ethical, and consider the public interest. They should help colleagues to overcome bias by rooting organizational decision-making and implementation in an evidence-based approach, and by providing empirically tested, objective solutions wherever possible.

Accountancy professionals must pay due regard to the primacy of the organization's customers and the range of relationships that enable a business to operate. They must also understand the global macro-economic environment to assess information based on its relevance to their organization.

A combination of accounting and financial expertise, business understanding and analytical skills and appropriate business experience means that accountants are practical and grounded in operational reality.

Objectives of the Program

The primary goal of accounting education is to produce competent and ethical professional accountants capable of making a positive contribution over their lifetimes to the profession and society in which they work. In the face of the increasing changes they will encounter later as professional accountants, it is essential that students develop and maintain a learning attitude to sustain their competence as professionals.

The BSA program should provide a foundation of professional knowledge, skills, and values, as well as ethics and attitudes, that enable professionals to continue learning and adapting to change throughout their careers. These capabilities will enable professional accountants to identify problems, locate relevant knowledge, and apply it in an ethical manner to achieve appropriate solutions. The balance of these elements may vary, but what is required is to develop the knowledge base, strong skills, and ethical values in order to produce competent professional accountants with appropriate values, ethics, and attitudes.

The strategic relevance of Accountancy is represented by its ability to support various stakeholders, including regulatory bodies, potential investors, creditors, management, and employees, in making strategic and operational decisions through the presentation and analysis of financial data and information arising from business transactions.