PREDICTORS OF CPA LICENSURE EXAMINATION PERFORMANCE
PUBLISHED IN AD SAPIENTIAM VOLUME IX 2015, COPYRIGHT: ISSN 2012-290X
TERESITA G. GAYAS
ABSTRACT
This study was conducted to determine the predictors of the Certified Public Accountants (CPA) licensure examination performance among the BS Accountancy graduates of a selected school for the five-year period from May 2007 to October 2011. The relationship between student performance in the licensure examination and personal and academic variables was investigated. Personal variables included parent’s/guardian’s education, and the students’ type of secondary school graduated from. On the other hand, academic variables included students’ college entrance examination result using the Otis-Lennon School Ability Test (OLSAT), students’ general weighted average (GWA) in professional courses and general weighted average (GWA) in review courses. The association of the aforementioned variables and licensure examination ratings was examined using correlation and regression models. The results of the study revealed that parent’s/ guardian’s education and the student’s type of secondary school graduated from, have no significant relationship on CPA licensure examination performance, while student’s academic variables namely college entrance exam result, GWA in professional courses, and GWA in review courses have significant relationship on the CPA licensure examination ratings. Of the three academic variables, GWA in professional courses is the best predictor of examination ratings (p = 0.000). Furthermore, of the seven subjects, Practical Accounting 2 (P2) (p = 0.001) and business Law & Taxation (BLT) (p = 0.004) are the most useful predictors of CPA licensure examination ratings. Therefore, GWA in professional courses and individual grades in P2 and BLT have significant contribution to the CPA licensure exam ratings and are useful predictors of examination success.