Best CPA Accountancy Schools in the Philippines

Pinoy Money Talk

Whether you love or hate accountants, one thing is clear: there are a lot of them in the Philippines. Did you know that there are more than 175,000 CPAs or Certified Public Accountants registered in the country, according to the Board of Accountancy?

That may initially seem like a small number, but that only counts accountants who religiously renew their CPA license from the Professional Regulation Commission (PRC) every year. That figure doesn’t include yet the thousands of CPA exam passers through the years who have decided not to renew their PRC licenses anymore.

The total number of Filipino CPAs surely runs in the hundreds of thousands, perhaps even in millions, considering that every year more than 125,000 students enroll in an Accountancy degree in over 520 accounting schools nationwide.

The attrition, though, in Accountancy programs is heartbreaking. From the 125,000 enrolled Accounting students, did you know that only 14,000 actually get to graduate per year? That’s just 11% of the total students that enrolled in the Accounting program during their first year.

What about the CPA Board Exam? Well, the average number of passers is 8,200 each year. That means just one out of 3 Accountancy graduates get to pass the CPA Licensure Exam (CPALE)!

Indeed, it’s tough to pass the CPALE which proves that the job of an accountant is not an easy one either.

Certified Public Accountants

First, an introduction on what CPAs actually do. In the Philippines, CPAs are tasked primarily to:

  • Prepare and maintain financial statements and reports
  • Examine statements to ensure accuracy and compliance with laws and standards
  • Ensure proper documentation, filing, and payment of taxes
  • Inspect account books and systems and keep them up to date
  • Improve business systems to make them more effective and efficient
  • Recommend ways to increase revenues, drive down costs, and maximize profit
  • Deliver auditing and assurance services for businesses and individuals

As you can see, the professional accountant plays an important part in any organization, whether it’s the government, or a for-profit business, or a non-profit entity.

Certified Public Accountant (CPA) Board Exam

To become a Certified Public Accountant  (CPA), an individual must both:

  • 1. Be a graduate of a “BS Accountancy” course in an accredited educational institution in the Philippines; and
  • 2. Pass the CPA Licensure Examination, which is administered by the Board of Accountants under the supervision of the Professional Regulation Commission (PRC).

The Philippine CPA Board Exam is conducted twice a year, in May and in October of every year.

If you’re interested to be a certified public accountant soon, take note that the scope of the CPA Licensure Exam includes the following topics, among others:

  • Financial Accounting and Reporting
  • Advanced Accounting
  • Auditing
  • Management and Advisory Services
  • Regulatory Framework for Business Transactions
  • Taxation

Do you want to know which universities in the Philippines are able to top the CPA Licensure Exam (CPALE) in the past years?

We compiled the data from previous CPA Licensure Exams to determine the top schools with the highest CPA Board Exam passing rates. Check out the table below to see if your school is one of the best Accountancy schools in the Philippines!

Best CPA Schools in the Philippines

Category 1: Accountancy Schools with 201 or more CPALE examinees

1University of Santo Tomas, Manila92%799863
2De La Salle University, Manila90%293322
3Far Eastern University, Manila85%174203
4Holy Angel University, Angeles City81%193238
5University of San Jose-Recoletos, Cebu City80%189235
6University of the East, Manila74%158212
7Ateneo de Davao University, Davao City66%235353
8Polytechnic University of the Philippines, Manila56%9191,637
9Saint Louis University, Baguio City53%278521

Category 2: Accountancy Schools with 101-200 CPALE examinees

1University of the Philippines, Diliman, Quezon City99%139140
2University of San Carlos, Cebu City97%143147
3Ateneo de Zamboanga University, Zamboanga City89%98110
4Bicol University - Daraga, Albay83%119142
5Ateneo de Naga University, Naga City79%152191
6University of Mindanao, Davao City76%97126
7Mindanao State University - Main Campus, Marawi City71%84118
8Mindanao State University - Iligan Institute of Technology, Iligan City70%87123
9Chiang Kai Shek College, Manila69%87125
9University of the Philippines Visayas - Iloilo City Campus,Iloilo City69%72103
10University of the Cordilleras, Baguio City65%99152
11University of Saint Louis, Tuguegarao City62%123196
12Tarlac State University, Tarlac City60%92152
13University of the East - Caloocan, Caloocan City58%98167
13De La Salle Lipa, Lipa City58%93158
13Mindanao State University - Gensan, General, Santos City58%60103
14Central Luzon State University, Science City of Munoz56%65116
15Xavier University, Cagayan de Oro55%103184
16University of Cebu, Cebu City54%67124
17Saint Mary's University, Bayombong52%91175
18Baliuag University, Baliuag45%79175

Category 3: Accountancy Schools with 100 or below CPALE examinees

1University of St. La Salle, Bacolod City98%6667
2Adventist University of the Philippines, Silang97%3536
3Kingfisher School of Business and Finance, Lucao96%7881
4University of the Philippines Visayas - Tacloban College, Tacloban94%5154
5Central Mindanao University, Maramag92%4852
6Holy Name University, Tagbilaran City90%6572
7De La Salle University Dasmarinas, Dasmarinas City89%6269
8Divine Word College of Calapan, Calapan City85%6070
9Notre Dame University, Cotabato City84%5464
9Notre Dame of Marbel University, Koronadal City84%2732
9Imus Institute, Imus84%1619
10Asia Pacific College, Makati82%2429
11Silliman University, Dumaguete City81%5871
11The Lyceum of the Philippines - Laguna, Calamba City81%2733
12Angeles University Foundation, Angeles City79%3139
13Isabela State University, Echague78%2228
14Central Philippine University, Iloilo City75%6586
14Polytechnic University of the Philippines in Taguig City, Taguig City75%4458
14Lyceum of the Philippines University, Manila75%1520
15Mary the Queen College Pampanga, Guagua73%3649
16Araullo University, Cabanatuan City72%4562
16Misamis University, Ozamiz City72%811
16Southern Christian College, Midsayap72%811
17Cagayan State University - Andrews Caritan Campus, Caritan71%2738
17San Sebastian College - Recoletos, Manila71%1521
18Cagayan State University, Tuguegarao City70%3955
19Mariano Marcos State University - Main, Batac City68%5377
19General De Jesus College, San Isidro68%2232
20Cavite State University - Indang Campus, Indang67%4364
20Eastern Visayas State University Tacloban, Tacloban67%3755
21University of Negros Occidental, Recoletos, Bacolod City66%3045
21Batangas State University - Nasugbu, Nasugbu66%1421
22Polytechnic University of the Philippines - Sta. Rosa, Santa Rosa City64%5484
22Jose Rizal University, Mandaluyong64%2031
23University of Northern Philippines Vigan, Vigan City63%5180
23Colegio de Dagupan, Dagupan City63%3047
24Cebu Institute of Technology University, Cebu City62%2235
25University of Batangas, Batangas City61%4065
25Technological Institute of the Philippines, Manila61%3659
25Cagayan de Oro College-PHINMA Education Network, Cagayan de Oro61%1118

Note: The table ranks the passing rates of CPA Exam first-time takers only; repeaters are not included. All figures are based on the four (4) previous CPA Board Exams conducted in October 2017, May 2017, October 2016, and May 2016.

Source: PRC Philippines (

See also: List of Top Universities in the Philippines (based on Board Exam passing rate)

Pinoy Money Talk is an educational website about money, banking, investments, and personal finance which started in 2005. Its group of five writers consists of one equity research analyst, one fintech startup owner, one finance educator, and two investment professionals.