Abstract
The paper employed a simulation model to determine probability of passing the CPA licensure exam. The predictor variables of the study were GPA, pre-review grade, and the subject clusters of the exam. The study covered periods 2007-2011.It was noted that the performance of the Accounting Education for the period covered was found to be impressive. Pre-review and the GPA have high statistical influence in passing the board exam. The threshold GPA is 2.2 while 2.4 for the pre-review.Of the subject clusters in the board exam, accounting problems have the highest impact in the actual board score followed by theory of accounts, management services, practical accounting problems, practical accounting problems and the least yet still bear impact is the business law and taxation.The collegiate validation exam used as indicator of readiness showed statistical association with the actual exam. A simulated model revealed that the scores of management and services, auditing problems, audit theory, business law and taxation and accounting problems have strong board outcome effects. The theory of accounts and accounting problems showed no statistical significance.
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