Competency Requirements for Professional Accountants: Basis for Accounting Curriculum Enhancement

Abstract

The descriptive survey results showed that competency knowledge, skills and values were almost always used or applied by the professional accountants in their respective works regardless of operations and forms of the business, sector, number of years employed, and level of positions. Accounting and finance knowledge was considered vital in their work. On the other hand, general knowledge and information technology knowledge were occasionally or not often used in work. As to skills, intellectual, interpersonal and communication skills were almost always used by the professional accountants. Teamwork, analytical thinking and writing and oral communications were highlighted. Likewise, professional values, ethics and morals, were almost always observed and practiced in rendering accounting services to the clienteles. Professional accountants also participated in the different CPD activities to earn CPD units. Most of the activities participated were attending trainings, seminars and workshop particularly topics on current and recent issuances on accounting and financial reporting standards. Only few have participated or conducted self directed and or lifelong learning. Premised on these, recommendations were made to enhance accounting curriculum.