Going For It!

You’ve got to earn it.

Those were the words uttered repeatedly on the first day of our CMA review classes. At first, we thought it was quite funny, hearing Dean Kenji Asano say it over and over with full conviction as the CMA Ambassador in the Philippines. Looking back, I realize that those words still resound to me until this day – but now with a different light – have I earned it?

I was in my 5^th year in college when I decided I wanted to become a Certified Management Accountant. I had a lot of second guessing – considering that I wasn’t planning to pursue further studies or take additional certifications until I knew what was relevant to my chosen career path. Certifications, especially international ones, also tend to be costly. As a student, I didn’t want to impose further unnecessary financial burden to my parents. But I thought that the chance to obtain a globally-recognized certification, even before I graduate, would open greater opportunities both for my personal and professional development.

Conveniently, UST-AMV College of Accountancy provided us, students, opportunities to gain a wider perspective of what was ahead of us. On the other hand, Insights Financial Review Services structured payment terms as well as review and examination schedules in a way that made earning an international certification credential very accessible. The only question left was whether I can do it.

I did not have the chance to worry about the CMA Exam until the time when I had to take it. I just decided that I would, and took one step at a time from then on – last semester in college, graduation, reviewing and preparing for the CPA Licensure Examination. With God’s grace, I was fortunate enough to get through them. There was not much time to recover since a day after the CPALE, CMA review classes instantaneously began.

With all honesty, reviewing was a struggle at that point. A part of me just wanted to be free of all the academic responsibilities and slack off without guilt – which was obviously not possible. I had already invested in the program, and failing was not an option, although I believe I wasn’t in the best condition to study anymore. My other batchmates were either applying for a job, enjoying themselves someplace I dreamt of going as well, or simply catching extra hours of sleep. Good thing we were reminded, “You’ve got to earn it.”

I did my best to absorb all the information I can get during the review classes. I made it a point to answer the materials the day they were given and take down notes that may be helpful later on. I also utilized the top-class Wiley Gold online study course which helped me get in to the best exam-taking mode possible. But with one week to prepare for each part of the exam, I regretted not starting earlier. I feared that I may not be able to finish everything on time so I focused on topics I wasn’t very familiar with, read discussions on them and answered extra practice questions. Wiley’s digital flashcard notes were very helpful too when I needed a review on major discussion points. When things get monotonous, I read through sample essay questions to figure out answering through them. But that was just me. I couldn’t have done it without the foundation on management accounting topics which I owe to my college professors, and my friends with whom I exchanged questions and reviewed with until the moment we had to enter the Prometric examination room.

One week flew by and it was time to take the first part of the exam. In fact, the results of the CPALE came out on that same day. I wasn’t able to celebrate entirely but it sure gave me the confidence I needed to get through another exam. By the end of October, I was through with all the exams I had to take. I honestly couldn’t tell how I did so I waited hopefully for the results. I was already very grateful to pass both parts of the examination when a congratulatory email from IMA came six weeks later.

Now I ask again, have I earned it? I’d like to believe I am still in the process of doing so. As with anything, it is a series of being brave enough to make decisions, and even braver to own up to them, amidst doubts, challenges, and whatnot. My CMA journey, though only beginning, has taught me that you’re never really ready for anything. You can only hope to do so much and pray that God gets you through it. So I say when someone tells you that you’ve got to earn it, just go for it.

About the author: 

Francyne graduated cum laude from the University of Santo Tomas with a degree in BS Accountancy and earned her CPA License in 2018. She took the 2-part CMA Examination during the October 2018 window and was awarded the Student Certificate of Distinguished Performance by the ICMA Board of Regents at the IMA Conference and Expo held in San Diego, California. She is currently working as an external auditor with one of the top accounting firms in the Philippines.

Soaring into the boundless, open sky

A willful bird before learning how to fly fell countless times on solid ground. Likewise, man endures life trials to become successful and wise.

And I, too, have my own story.

Initially, I enrolled in the BS Accountancy program. Everything went well until that one dreaded semester came where many of Accountancy students failed before. Although we all knew that we had to study and work twice as hard than usual, we felt like it was still not quite enough. Despite all the preparations, most of us had a hard time having an excellent mark and eventually, it made us feel demotivated as the semester progressed. Making things worse, I was stricken by chicken pox which took me two weeks to recover from. It may not be the key reason why I did not get satisfactory results but it did evidently contribute to it at some extent. Yet, even after all those things that happened to me, I did not waver that I can finish the race. I still gave my best shot to have a passing grade because at that time, I thought to myself that it was the only path for me to walk on. Unfortunately, I failed to achieve the final grade requirement at the end of the semester and made a decision to shift courses to BSBA Major in Management Accounting.

It felt like the world that I have long been building just came crashing down and suddenly lost its meaning. It pained me even more when I knew that I gave it my all and yet, I did not get what I yearned for. This poignant and unexpected turning point of my life is the reason that I have lost my drive to keep moving forward and caused me to lose sight of my goal: to be a certified accountant. I struggled to pick up my broken pieces and put them back to their right places because it seemed hopeless to start anew.

Until the day came when Insights Review Center conducted a seminar during my stay at San Sebastian College – Recoletos de Cavite, my beloved alma mater. I learned about the Certified Management Accountant Examination and it was as if a new light had been given to me to chase the goal that I have once given up. So once again, I challenged myself to rise up from the rubble and earn the prestigious title. This journey, I knew, was going to be tough but I definitely wanted the CMA title even more.

I had struggles before and during my review as all of us had. I had hesitations and self-doubt; I had grown weary and anxious; I had been disheartened, maybe because I was so afraid to make the same agonizing mistake from the past. I was scared that I will get knocked down again but then, my thoughts kept telling me that I have walked far from where I have been before and that the goal that I was praying and longing for shines very brightly at the end of the road, patiently waiting for my sweet arrival. I also reminisced the love and support of all the people who have walked along with me throughout my journey and have always believed in me, even during the times when I wanted to concede and walk away. And so, I pushed aside all my doubts and worries and braved the grueling examination with courage and determination.

It did not start off easy but I look at what I have accomplished and know that all the misery and disappointment I experienced were worth it. Because I chose not to surrender and continue to pursue my passion, the goal that I have been aiming for is now realized. I know that I still have a long way to actually be able to soar at greater heights and passing the CMA examination is just another new beginning but I do believe that someday I can see the world with my own eyes – looking from the place I truly want to be. After all, I already fell countless times on the ground and yet, I am still eager to learn how to fly higher.

“Only those who will risk going too far can possibly find out how far they can go.” – T. S. Eliot

About the Author:  

Juvert Ian S. Retonel is a graduate of Bachelor of Science in Business Administration Major in Management Accounting of Batch 2018 from San Sebastian College – Recoletos de Cavite. He successfully passed the CMA exam last September/October 2018 testing window. He is aiming to become an accounting professor with a passionate desire to abundantly nurture the minds of the aspiring accounting-major students.

A Journey that Started with a Dream

We all have different mantras as we fight for our different battles in lives. My journey for CMA was a tough road. All the ups and downs are lessons for us to take and use it in our life.

It all started when we had a dream. I remember when someone asked me as a kid what I wanted to be when I grow up, tons of great profession has come up but one strikes the most. And that is, to be an accountant. Every accountancy student dreams of becoming a “Certified Public Accountant” (CPA) one day, and each day was a challenging one. They have to burn the candles at both ends to meet those expectations and pressures that not only other people have put on but also themselves. Unfortunately, the survival of the fittest had applied in every ground and I was one of the people who didn’t make it. All those “whys” and “what ifs” have come across to my mind because my dream was clear since day 1 that I wanted to become a CPA.

From BSAc course, I shifted to a BS in Accounting Technology. All I thought that I was a disappointment to my family. But as time passes by, I started learning to trust the “journey” even when I do not understand it.

During my second year, I saw a girl (Ms. Zainab Anawari) on a tarpaulin that passed the CMA examination and learned what CMA is all about. Since then, my perception changed. I learned that failure is nothing more than an opportunity to better you.

On my Third year in college, I took the Management Accounting subjects and started my journey as a double major student. I remember when I was about to give up, my father said, “Nak, wish ko lang one day is makita ka dyan” pointing in a tarpaulin of law/board passers. That’s when I started to think that maybe I wasn’t meant to be a CPA. Maybe the title CMA is the one for me.

I began to dream big, study twice as hard and have faith that everything will work. I stand strong to what I believe and battled my way to achieve the title that my family and I dreamed for me.

If there’s one thing I learned from this experience, that is, no one is going to take over your battles for you; they are yours because you were designed specifically for those battles, so keep fighting. We stumble and fall but we should learn to stand up. Setback is an avenue, an opportunity to keep you going and make you stronger. My dream of becoming a CPA has gone, but this didn’t stop me from becoming a CMA. And so should you with whatever goals you’ve been dreaming of.

Have faith in what you believe in; keep on dreaming, and make the effort toward achieving it. DREAM BIG because there are no wrong turns, only unexpected paths that you’ll be thankful for taking the detour in your life.

About the Author:

is a double major graduate of Bachelor of Science in Accounting Technology and Bachelor of Science in Management Accounting of Batch 2018 from the Ateneo de Zamboanga University. She successfully passed the CMA exam last September/October 2018 testing window.

Worn out shoes; kindled soul

I will not say that I was born without a silver spoon. But rather, I would say that I was born into a life that has never been easy but, taught me the most wonderful things that I could ever imagine.

In the year 2012, I’ve started taking up my college degree in Mapua Institute of Technology-Makati Campus (now Mapua University) under the program of Bachelor of Science in Accountancy. Although my parents did not have jobs during those times, I pursued my degree because I’ve always believed that education is one of the greatest equalizers that we could ever have in this world that is full of uncertainties. My parents’ pocket might have been empty, but their hearts were always full of hope that their children’s future will be brighter than theirs.

I had my P.E. classes on the first year of my program and to be able to move actively in our activities, I needed a pair of rubber shoes. But we didn’t have the financial capacity to buy one. Still, I thought, I was there in the University anyway to learn and not to wear a fancy pair of rubber shoes.

One Sunday before our classes officially started, my parents told me that we would be buying a pair of rubber shoes. As a teenager, I was very delighted and excited to finally own a new one without asking them how they have got the money to buy it.

It was during my second year in college that I came to know that my parents decided to sell my father’s medicines for his blood to his co-patients in the dialysis centre. He took off a week so that he could buy me a pair of rubber shoes. Since then, my eyes were opened. I had studied so hard because I wanted to give them the medals that they deserved once I’ve finished my degree. I’ve received awards and recognitions in our university, and I’m sure that it made my parents happy, especially my father. I’ve also discovered that the funds that was intended to be accumulated for his kidney transplant was used for my college fees.

I’ve made it! I’ve graduated with honours and proudly walked onto the stage, ready to receive the medals that I’ve worked hard for. But during that day, I’ve noticed that someone is missing and after receiving the medals, it has finally dawned on me that my father died a week before our graduation. Thankfully, I still managed to smile and be happy during that day because I wanted to show my mom and my sister that I am strong, and I am now ready to become a provider of our family, even though the pain was really excruciating.

I’ve kept the shoes for years. I’ve worn it during the Certified Public Accountant and Certified Management Accountant examinations as it was a subtle reminder about how my parents loved us and how selfless they were. The shoes served as a symbol that there are people in my life who taught how to be strong and not just to live life for their own selves, but to make sacrifices for the people whom you love and who have supported you along your journey. It also helped me to change my ways and do the things that matters to me not out of obligation but, out of love and passion. Throughout these years, it has served as one of my motivations to continuously strive to become a better individual and to never stop pursuing the things that scare and excite me at the same time.

This experience taught me to climb the mountains outside of my comfort zone. It shaped me to become the person that I’ve always imagined. Instead of just going through this rocky road, I have learned how to grow through it. I have faced a lot of disappointments; a lot of failures; and a lot of shattered dreams. But I’ve learned not to be afraid and face all of them bravely as I consider them as an opportunity to build my character and create a strong foundation of my values. It also taught me to treat failures and triumphs equally and to never let my achievements and failure define me as a person. And the most profound thing that I’ve learned from climbing mountains is to never be afraid to go down from it and search for another mountain to climb again.

Tatay, I wish you could see us right now. The three of us promised that no matter how hard things will be, we will never give up in living the life that we have always imagined.

I might have failed to prolong your life, but I will never stop lengthening the name that you have given to me.

A Journey of Twists and Turns

My CMA story is nothing unusual. In life, there will always be ups and downs. I made my first step towards this goal on the summer of 2017. I was still a student of UST-AMV College of Accountancy then. Having our last semester on the months after, I decided to take up CMA review with the January-February testing window as my target date of examination.

My friends and I have set our minds to become medalists, taking both parts in the same testing window. It was a feat that, during that time, was close to impossible, juggling our academic life with this new goal. With this in mind, we did our best to reach the impossible, studying every day, day in and day out. I have tried different methods, working on index cards, manila papers, yellow pad papers, business pad papers, cellphone notes, notebooks, fillers, handouts, you name it!

From the start of our summer 2017 until January of 2018, I have been studying hard for part 1. My mistake? I completely neglected part 2, with my exam date on the latter part of February.

I took the part 1 exam in January, got out of the testing center, an hour to spare, with full confidence and high hopes that my score would be above 400. After that, I gave my mind a week’s time to rest and relax my brain.

February came, and it came fast. By the first week of February, I am cramming all of part 2 in my head, missing out on writing formulas on index cards, on manila papers, basically everything. All I had time to do was to review the handouts and write on yellow pad papers.

My testing date was fast approaching, and I could not concentrate on studying part 2 because of overthinking, and I keep on feeling that all hope’s lost in being a medalist. I wanted to quit, but on the day of my exam, I pushed myself out of bed and went to the testing center.

I finished the multiple-choice questions in less than 2 hours, and I closed my eyes, hoping and praying that I earned at least 50% score. I opened my eyes and stared at the “continue” button for 5 whole minutes and when the timer said I had 1 hour left for the MCQ, I clicked the button, again closed my eyes and prayed long and hard. I was relieved to see that the exam was taking me to the essay part. I used almost an hour and a half for my essay and believe me, I went out of the testing center still praying for good results.

After some time, results for the part 1 is out, I hurriedly open my e-mail full of excitement just to find out that I was way below the passing mark. I was devastated. I felt like my whole world crumbled. I kept on asking myself, “If I did this bad on part 1, what more hope do I have in part 2?” It took me the whole month to get over it, to the point where I even forgot to open my e-mail when the part 2 results were released. It was 2 days after the release when I realized I haven’t checked the results yet. I opened it and I cried when I saw that I am one-half done with the CMA exam. I passed the tougher Part 2 exam!

I immediately filed for a re-take of my part 1 and studied rigorously. During that time, I marched and graduated college, June 1 to be exact, and I continued studying right after. I took the exam by the end of June, with the thought in mind that this will be my last exam and I will pass the exam this time around. Results came shortly after, and I was glad I passed my retake on Part 2. With just the 2-year work experience I can now claim my right as a certified professional!

With this, I am currently taking up my bridging program in Colegio de San Juan de Letran, not giving up on my dreams, with the thirst for knowledge backing me up.

Every failure I come across makes me stronger and stronger still. My achievements aren’t the only things defining me. These setbacks, and how I manage to get back up on both feet completes the definition of myself. These comeback moments are what makes me who I am, a man of twists and turns, making the most out of everything, and that, is my CMA Journey.

Keep on striving for your goals. If I can do it, you can do it, too!

About the Author: 

Julian Job Martinez is a graduate of BS in Management Accounting in the University of Santo Tomas. He passed and completed the CMA exam last May/June 2018 testing window. He is currently taking up BS in Accountancy in the Colegio de San Juan de Letran-Intramuros in pursuit of the Philippine Certified Public Accountant title so that he can maximize his potential in sharing his knowledge and expertise in the field.

All For Family

As I write my CMA story, my little baby girl is sleeping in my arms. Being a mother and having a professional career is a bit tough but is so fulfilling.

My dream to have an international license started after becoming a CPA. I never got a chance to pursue it until I had spare time during my break from work because I have to take care of the little one growing inside my belly.

I inquired from a CMA friend about the steps on how to get the certification. She advised me to do self study but I thought it would be difficult to go through this by myself. So I searched the net and found Insights Financial Review Services. I was worried about the fees but the school provided negotiable terms.

I decided to schedule the exam in May/June 2016 testing window. I thought that will be the best time because my baby was due on last week of December 2015. Everything was going smoothly until one day, few weeks before giving birth I woke up with half of my face paralyzed. I was diagnosed with bell’s palsy.

Bell’s palsy is a facial paralysis on one side of the face. Its cause is not clear but pregnant women are three times more prone to this illness. Some say it is due to a virus, others say it is due to exposure to cold wind or aircon or the cause can be idiopathic or unknown. In my case, my right side was affected. It felt like I was punched in the face. My right eye could not blink, there were no tears and it could not close on its own. I had to use eye drops to keep it moist and I had to tape it at night to keep it shut. My right side of the lips has no movement. I cannot frown or smile. Eating, drinking and speaking become a challenge. I stopped my CMA review for a while.

Giving birth to a baby distracted me from my bell’s palsy. I am so happy and thankful that my baby girl is healthy. However, it is difficult to take care of the baby and study at the same time. Having a newborn and a facial paralysis, I had second thoughts whether to continue my CMA review. But I said to myself, no matter what the result will be I have to finish what I started.

With the little time left before the exam I went back to Insights. I have to recall the previous topics and catch up with the lessons. I wanted to take only one part during the exam period. However, I was already registered and if I will not take the other part it will be considered failed. So I have no choice but to face the battle.

I have a lot of worries before the exam. I was worried that my eyes will get dry, I was worried I have to pee during the exam which will consume a lot of time, I was worried that if I fail I have to start over again. I studied hard and prayed harder to pass the exam so I can save time, money and effort.

I took part 1 and 2 exams with two weeks gap on June 2016. Waiting for the result was a bit of agony and it took more than a month. I was about to sleep that time when I heard a sound from my phone. When I checked my phone, it was an email from IMA. The result for one exam part came in and it was a thrilling moment. After few minutes, another email came in and it was for the other exam part. I was fortunate to pass both parts of the exam.

Having the CMA title has been an advantage in my search for a new job. I am hopeful I can use this professional certificate to advance in my career and to give my baby a brighter future.

I will be forever grateful to my ever supportive husband, family, friends and the review school.

About the Author:

Agnes A. Simbre, CPA, CMA is a BS Accountancy graduate from Polytechnic University of the Philippines and is currently working as a Financial Planning Analyst in a BPO industry.

Fear Not!

I was but a mere student in the BSMA program, a degree in which some people see as substantially inferior compared to the BSA degree. And, by “some people”, I meant parents disappointed at their children; third parties who see you as someone who failed; and fellow BSMA students ashamed of themselves.

Having to carry these negativities was a burden most of us in the program had in common. Some ended up accepting the fact while some still chase the BSA dream of passing the CPA licensure exam.

Then one day, it came, a pass-now-pay-later scheme offered by Insights Financial Review. Having stumbled upon this opportunity was uplifting. We were already aware of the CMA certification exam before, but most did not have much enthusiasm about taking it at first. Majority were not prepared to gamble huge amount of money to take a test they don’t even know they’ll pass so the idea was easily dismissed. However, this offer eliminated that risk, gave us a push, and so, the CMA title was in our sights. This was actually something exciting because, having ourselves compared to the BSAs was something unavoidable. But with this opportunity to attain the CMA title, a certification that is almost perfectly aligned with our course of study, we can have something we can call our own, something we can be proud of. Sure, other degrees related to it can also take the exam without going through extra trouble, but nonetheless, it was ours.

After having pursued such title and having graduated, I was one of those who still refused to let go of my first goal. I started with a BSA degree; I was stripped off it and got a BSMA degree in its place. I wanted to finish what I started, to give myself a second chance. Still, there were some hesitations. I was asking myself what-ifs: What if I disappoint myself? What if I end up wasting my time? What if I fail again? Because if I did fail, I don’t think I can handle much of it. You see, failure can scar you and it will hurt you. You can always find people saying things like “Failure is a step closer to success”, “You need to fail to win”, and etc., but the people who say these things are people who have already tasted success. We see them as special and we doubt ourselves saying “What if we’re not special? What if the sayings only work for some people and we’re not one of them?” Not all people succeed, we are sure of at least that much. That’s why we are very much afraid of failing.

But you know what I did? I asked the same questions again but differently: How would I know if I will get disappointed? How would I know if it’s a waste of time? How would I know if this time, I’m going to fail again? Because fact of the matter is, whether we succeed or fail, I don’t know that, we all don’t know that. And I concluded that I would rather bear the pain of having failed than bear the pain of not having tried. Wounds can heal but regrets are like ghosts that haunt you forever. Yes, it’s scary but sometimes, we can only prove ourselves by choosing to be brave. And dreams won’t fulfill themselves while we keep ourselves locked up by our own doubts.

I continued my CPA journey despite not having people’s full approval. And I am not exaggerating when I say that it is one of the most difficult times I’ve gone through. I was downright exhausted. It felt so easy to give it all up and the temptation to rest myself was strong. I felt like time was making fun of it, chasing me. I complained about a lot of little things: about why I punish myself with lack of sleep, about why the library isn’t open until 12mn, about not having enough sugar to keep me up. The traffic wasn’t helpful either. I was tired, and everything was frustrating.

And yet, everything was worth it.

You see, we can never really choose what results will be thrown at us. There will always be fears and doubts, and these will always try to hold you back.

Know that your dreams are worth so much more than your fears.

About the Author: 

Raiza C. Añonuevo, was born in the province of Ilocos Sur and grew up in Quezon City. She was a consistent honor roll student in Elementary and High School, gained her degree of Bachelor of Science in Management Accounting at University of Santo Tomas (UST), and Bachelor of Science in Accountancy at Chiang Kai Shek College (CKSC). She passed the two-part CMA exam in 2016 having earned the highest score in both parts within the UST-BSMA batch for that year. She was also given an Academic Excellence Award in UST in 2016 and was part of the Dean’s List in CKSC in 2017. She passed the CPA licensure exam in October, 2017.