This is the program that provides general accounting education to students wanting to pursue a professional career in Accountancy in general and in Public Accounting in particular. 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 base, 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.
As per CHED (Commission on Higher Education) Memorandum Order No. 27 Series of 2017,
The BSA program should provide a foundation of professional knowledge, professional skills, and professional values, ethics, and attitudes that enable them to contribute to learn and adapt to change throughout their professional lives. These capabilities will enable professional accountants to identify problems, know where to find this knowledge and know how to 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 the various stakeholders, e.g., regulatory bodies, potential investors, creditors, management and employees, in taking strategic and operating decisions through the presentation and analysis of financial data and information arising from business transactions. (Article IV, Section 5)
The field of accounting offers stimulating and challenging work that is constantly evolving. The BSA program seeks to prepare the student for Accountancy career. Specific sample job opportunities are the following:
Public Practice: Audit Staff, Tax Staff, Management Services/ Consulting Staff
Commerce and Industry: Financial Accounting and Reporting Staff, Management Accounting Staff, Tax Accounting Staff, Internal Audit Staff, Financial Analyst, Budget Analyst, Credit Analyst, Cost Accountant
Government: State Accounting Examiner, State Accountant, LGU Accountant, Revenue Officer, Audit Examiner, Budget Analyst, Financial Services Specialist
Education: Junior Accounting Instructor
Public Practice: Audit Manager, Tax Manager, consulting Manager
Commerce and Industry: Comptroller, Senior Information Systems Auditor, Senior Fraud Examiner, Senior Forensic Auditor
Government: State Accountant V, Director III and Director IV, Government Accountancy and Audit, Financial Services Manager, Audit Services Manager, Senior Auditor
Education : Senior Faculty, Accounting Department Chair
Public Practice: Partner, Senior Partner, Senior Consultant/ Financial Advisor
Commerce and Industry : Chief Financial Officer, Chief Information Officer
Government: National Treasurer, Vice President for Finance/ CFO (for GOCCs), Commissioner, Associate commissioner, Assistant Commissioner, (COA, BIR, BOC)
Education: Vice President for Academic Affairs, Dean
Subjects Included in the BSA Curriculum :