Volume 2 Series 2024

Recognizing the realities of the academic world today, higher education institutions must expand their mission beyond merely disseminating knowledge to help maintain a competitive economy, and most importantly, to secure the dream of graduates to get jobs and become socially recognized and successful in their respective field of endeavors. This study is conducted to determine the learning enjoyment in learning style, teaching style, accountancy program, and facilities, and the challenges of the students in studying their professional subjects. A total of 167 respondents and 20 informants were selected using a convenient sampling method. Furthermore, Weighted Mean and ANOVA were used for the quantitative aspect of the study, and for its qualitative aspect, thematic analysis was utilized. The study concludes that students find learning enjoyment in terms of their study habits but encountered challenges such as problems in time management, personal and academic distractions, and slow learning ability. They also experienced challenges when it comes to fast-paced teaching, limited discussion of the topic, incorporating concepts and problems in teaching, developing teachers, not engaging teaching aids, and unsuitable assessments. In terms of the course factor, respondents agreed that they enjoy the accounting program, even though they are under pressure, mentally unstable, and losing motivation. Finally, students still enjoy the facilities of the university amidst the challenges such as crowded space and lack of resources in the library, crowded space in the learning halls, poor internet connectivity, poor ventilation in the classroom, and lack of study area.

The purpose of this research is to show the relationship between the Undergraduate General Weighted Average (GWA) and the Licensure Examination for Certified Public Accountants (LECPA) among Accountancy graduates from the University of Saint Louis from 2018 to 2022. Documentation was employed by the researchers to collect data. The results of LECPA from October 2018 to May 2022 were obtained through a request letter addressed to the Philippine Regulatory Commission. The undergraduate GWA, on the other hand, was calculated using data requested and received from the University Registrar. Undergraduate GWA and LECPA data were evaluated using frequency and percentage. While the Pearson-R Correlational Coefficient was utilized to establish whether or not there is a significant correlation between the undergraduates' GWA of LECPA-related subjects and the Licensure Examination for Certified Public Accountants results. The study revealed that Undergraduate GWA and LECPA results are positively related, and having a high Undergraduate GWA can help to pass the LECPA.

This study was conducted to determine the entrepreneurial intention of accounting students who plan to establish a business career in the future. Data was collected through a questionnaire divided into three parts: part one (1) answered the profile of the respondents, part two(2) determined the students with a high level of entrepreneurial intention, while part three(3) measured the factors that influenced their intention. A total of 274 respondents enrolled in the accounting programs of the University of Saint Louis—Tuguegarao were selected using a stratified random sampling which was then filtered to 203 students determined with high level of entrepreneurial intention through purposive sampling. The data gathered was analyzed using mean to compute respondents’ entrepreneurial intention, and their profile was analyzed through descriptive statistics. An independent T-test and one-way ANOVA were used to test if there is a significant difference in the factors influencing their entrepreneurial intentions when grouped according to their profile. The study revealed that entrepreneurial education, attitude towards entrepreneurship, entrepreneurial behavior, and self-efficacy are slightly influential towards the entrepreneurial intention of students. Moreover, the study also found that the profile of the respondents does not affect the factors that influenced their intent to engage in business.

This study was conducted to evaluate the implementation of the virtual internship program of the Accountancy and Management Accounting programs of University of Saint Louis Tuguegarao. A mixed methods research design was utilized. A total of 88 graduates from Bachelor of Science in Accountancy and 115 graduates from Bachelor of Science in Management Accounting who participated in the virtual internship program during the School Year 2021-2022 were the respondents for the close-ended questionnaire, while ten (10) selected students of each program from different agencies participated in the virtual Focus Group Discussion (FGD). Based on the questionnaire, the results revealed that the virtual internship program of the BS Accountancy and BS Management Accounting was implemented and effective along institutional and company evaluations. It was further revealed that virtual internship was associated with a number of limitations. Students were free to choose their mode of internship, whether face-to-face or virtual, as both provide an avenue to taste the glimpse of the professional world.

This study investigated the effects of socioeconomic factors on the academic performance of management accounting students during the pandemic. The respondents of the study were 204 officially enrolled management accounting students at the University of Saint Louis Tuguegarao in the second semester of the School Year 2022-2023. The respondents were randomly selected from the different year levels of the accountancy department through simple random sampling. Frequency and percentage were used in analyzing the data collected to describe the profile of the respondents. Weighted mean was used to interpret the effects of socioeconomic factors on the academic performance of the respondents, and independent sample t-test and one-way analysis of variance were utilized to find the differences between the significant effects of socioeconomic factors on the respondents' academic performance. The results revealed that socioeconomic factors affect the academic performance of the respondents to a great extent, particularly the student’s environment, financial resources, and new learning methods. Further, there is no significant difference in the effects of socioeconomic factors on respondents' academic performance when grouped according to age, sex, and year level.

Mock board experience is integral to accountancy students' evaluation and readiness for Licensure Examination for Certified Public Accountants (LECPA). LECPA is held twice a year, in May and October. The subject areas are the following: (a) Financial Accounting and Reporting, (b) Advanced Financial Accounting and Reporting, (c) Management Advisory Services, (d) Auditing, (e) Taxation, and (f) Regulatory Framework for Business Transactions. The research aims to determine the relationship between the Certified Public Accountant (CPA) Mock Board Examination and LECPA among University of Saint Louis accountancy graduates for the year 2022. The researchers utilized documentation to gather data. A request letter was issued to the Professional Regulation Commission (PRC) to collect the results of the 2022 LECPA, and Mock board examination from the University of Saint Louis for the research study. The data on CPA mock exams and LECPA scores were analyzed using frequency, and the correlation between CPA mock tests and LECPA scores was examined using Pearson-R. The study found a correlational relationship between the CPA Mock Board Examination and the LECPA, and vice versa.

Engaging in the community and addressing societal concerns raise an individual's awareness and open them to many perspectives about the roles and relationships that contribute to it. The University of Saint Louis-Tuguegarao (USLT), a CICM school, incorporates community engagement activities into its curriculum. However, this study focused on Outreach Programs and Extension Activities, excluding the Service-Learning Program. This study explored the motivations, learning, and recommendations of accounting students participating in community engagement. This qualitative study was conducted through online or in-person interviews, which provided flexibility and capacity to gather more data to assess the variables. The informants were asked to answer open-ended questions about their motivations, experiences, and recommendations. In addition, it utilized purposive sampling to gather informants based on the needs of this paper. This study concludes that students participate in community engagement to help the marginalized and to have self-development. With this, the students' learning reflected a sense of community, self-fulfillment, and the benefits of talking about the environment. Furthermore, vital skills were also enhanced; participation gave way to students’ communication skills and social skills. These community engagements will come to fruition if additional outreach programs are implemented and follow-up programs for the existing community engagements are conducted. Future researchers need to study the perception of the beneficiaries of community engagements – evaluations from the recipients that can conclude the effect or impact of the community engagements.

An online internship is a common situation that will help improve the abilities obtained in school. The study showed that accounting graduates developed valuable hard and soft skills via online internships. This indicates that even if the interns encountered challenges due to the pandemic, they could still develop and acquire skills that would enhance their readiness in the real world. Thus, this study was conducted to evaluate the skills and challenges of accounting graduates during their online internships. The researchers gathered data from 152 accounting graduates who were enrolled in the academic year 2021-2022 from the University of Saint Louis Tuguegarao. Data for the study was collected using a modified questionnaire through Google Forms containing two parts: part one (1) evaluates the hard and soft skills expected to be developed, and part two (2) looks into the interns’ challenges encountered during their internship. The data gathered for evaluating Online Internships and Hard and Soft Skills was analyzed using descriptive statistics like frequency counts, percentages, and rank. Meanwhile, mean was used to describe the challenges encountered by the interns.

Smaller organizations are more prone than larger ones to become victims of fraud. This study sought to determine the awareness of fraud and how much fraud prevention and detection systems were implemented among SMEs of Tuguegarao City. The study utilized a quantitative research design employing descriptive research methods and was conducted in Tuguegarao City. The following interpretations are as follows: First, SME employees have moderate awareness of the different kinds of fraudulent actions done in the business. Second, SMEs at Tuguegarao City moderately implement internal controls to prevent and detect fraud. Third, there is an inverse relationship between the awareness of fraud actions of SME employees and the implementation of fraud prevention and detection controls. Fourth, when grouped according to their profile variable, only the years of employment shows significant difference among the fraud awareness of SME employees. Lastly, when grouped according to their profile variables, only the age has significant difference when it comes to the implementation of fraud detection and prevention controls. With the following result, the researchers recommend that Tuguegarao City is a good investment for SME having moderate awareness of fraud. Also, there is a need to conduct seminars and training to further improve the knowledge of employees about fraud. Lastly, for future researchers, it is encouraged to conduct the same study by specifying on certain industries and focusing more on the employee’s awareness of the different preventive and detective measures and relate it to the level of implementation.

This study was conducted to determine the effects of PFRS 16 on the Performance Metrics of the Airline Industry. Data was collected through the usage of the financial statements of Cebu Pacific Air and Philippine Airlines that utilizes the PFRS 16 accounting standard and the translated financial statements utilizing the IAS 17 standard to collect the necessary data for the computation of the key financial ratios specifically the Profitability Ratio (Return on Asset and Return on Equity), Liquidity Ratio (Cash Flow Operation), Leverage Ratio (Debt to Equity Ratio, Interest Coverage Ratio, and Debt to Asset Ratio), Activity Ratio (Asset Turnover Ratio and Fixed Asset Turnover Ratio), and Market Ratio (Price Earnings Ratio and Book Value Per Share). The data gathered was analyzed using the Industry Average Ratio to determine the performance of Cebu Pacific Air and Philippine Airlines after the change in accounting standard. In addition, the key difference of the key financial ratios was gathered to determine the consistency and inconsistency of the computed ratios for both airlines. The study then revealed that the new standard greatly affected profitability, leverage, and activity. It is noticed that the change in standard to PFRS 16 is more favorable to Philippine Airlines, than Cebu Pacific Air and on the other hand, IAS 17 is more favorable to Cebu Pacific Air than Philippine Airlines.