News & Features
  Accountancy Alumnus: Uniform CPA Passer  
  Post by: Catherine Perez | 4/6/2017 4:44:42 PM  

  Cum Laude and Star Scholar, Jerome Andre Medrano Lim, Accountancy major Batch 2016, was among the passers of the Uniform Certified Public Accountant (CPA) Examination held November 2016 to February 2017 in Alameda, California.

Lim took the examination in separate dates to complete the four sections with equivalent topics in the Philippines. First of which was the Business Environment and Concepts, equivalent to Management Advisory Services, taken on November 10, 2016; second was the Regulation or Tax and Law, taken on December 9, 2016; third was the Financial Accounting and Reporting or the FAR and AFAR, taken on February 3, 2017; and, fourth was the Auditing and Attestation, taken on March 10, 2017. Results were released on March 21, 2017.

The young alumnus candidly chronicled his journey beginning with his application for Certification of Educational Equivalency (Degree Level Comparison: Comparative Bachelor's Degree awarded by a regionally accredited institution of higher education in the United States) issued by an accredited agency, Academic & Credential Records, Evaluation and Verification Service (ACREVS) in Milpitas, California. His transcript of records and diploma were carefully assessed and evaluated by the said agency before issuing its certification to be submitted to the California Board of Accountancy (CBA), which in turn gave its approval on October 3, 2016.

Since he migrated to the US ten days after his college graduation, he never got the chance to take formal review nor take the CPA in the Philippines. Thus, he opted to take the online review course - Wiley CPA Excel Review. Eventually, his inherent talent and diligence paid off.

Uniform CPA "is designed to assess the knowledge and skills of entry-level CPAs need to practice public accountancy," according to the National Association of State Boards of Accountancy (NASBA), one of the significant "contributors of the exam, developed by the American Institute of Certified Public Accountants (AICPA)."
NASBA's website further explained that the exam "is one of the 'Three Es' (Education, Examination and Experience) that is required for licensure as a CPA in the US. The successful completion of the Uniform CPA Exam is a requirement in all 55 jurisdictions."