2016 was the year I passed CMA exams. Contented and grateful yet I wanted more so I decided to grab the opportunity of bridging a 1 year jammed pack semesters at Chiang Kai Shek College to obtain BS Accountancy. The degree needed for taking a CPA board exam. CKSC life was far from similar with my Thomasian College life. Start my class at 7 ends around 2 in the afternoon. Lecture pacing that works so fast and efficient. Never thought that this setup will become a habit for my review schooling.
5 years of nurturing. 4 months review for that 3 letters, CPA.
Tough, nerve-wracking, emotion swirling and more word to describe what i felt for taking CPA board but in the end all efforts do pay off. Life was no easy and my CPA journey is not far from different. Start my day with coffee and bread, ride jeepneys to attend lectures and in the afternoon till evening I’d review. No phone, no hobbies, no movies, a lot of skip meals, I have sacrificed even more but one thing that i will not forgot is to give thanks and ask Guidance and Blessings from God. This was my setup most of the time it is followed because I also give way for my brain and body to rest and have cheat days as reward for a week of progressive learning. At this point in time realization struck me. My old study habits wont do me good, cramming will always be a fiend. Good preparation and proper comprehension are good best friends.
Quizzes, Preboards and review notes are my brothers. Quizzes that assessed my prowess on a topic. Preboards that tested my retention capabilities and review notes that kept my knowledge refreshed. Quite easy if you read but i struggled and failed most of them. First preboards my grades were good. Being complacent my routine laxed then i was spelled to fall to chickenpox, weeks of absences I incurred. I was left behind. My will dwindled yet my guts kept my feet stand its ground. Final preboard was no mercy. Killer, drive-deserter some adjectives that can describe those final exam. But if you want to succeed single failure won’t stop you.
October came. 3rd of it was my birthday and I promised myself that this would be my very best gift to myself not until i took the exam for RFBT which destroyed my composure and rattled my focused for the last subject MAS. I was of no hope of passing the boards. Prayers are may last hope. God’s grace and will strengthened my faith. November came, results were out and I passed the Board with God’s might. Thus it made me believe in the saying. “Manalangin ka at manalig”.
Always remember what Winston Churchill said, “Success is not final; failure is not fatal: It is the courage to continue that counts.” Thus, stumbling is not a hindrance but a stimuli to exceed more.
About the Author:
Jake Ron Mingming is a double-degree holder of BS Management Accounting, graduated at University of Santo Tomas, and BS Accountancy, graduated at Chiang Kai Shek College. A Certified Management Accountant and Certified Public Accountant.
Having the chance to finish my studies is already a blessing, but fulfilling things beyond that is indeed amazing.
Being a student is tough. Every student has his/her own academic struggles, but life did not only created those kind of struggles. Being in the Management Accounting program of UST was one of the greatest things that happened to me. I have learned to love the program during my stay in the college.
I have it all planned before the start of my senior year – pass the subjects, take the CMA, serve my term as an officer of my organization and graduate on time. I was as enthusiastic as I can be but then you realize life was not made for us to only enjoy the great things, because we must also bear the worst ones. It was during my senior year when my father was laid off for months from work due to unforeseen circumstances. One of the greatest things about my parents is that they are open to us, especially being transparent on our finances. It was a hard time for my family because we do not also have a lot but we only have enough.
Last November 2016, I was also informed by my parents that I may have to forget my dreams of taking the CMA at that time because obviously, even though there is a more convenient mode of payment offered, we cannot afford the costs given our situation. Heartbroken, I learned to forget that dream because I have greater things to worry about – I have to graduate on time and serve my term as an officer of my org, but I also have to make ends meet for my expenses as a student and help my family so I decided to find a part time job. Luckily, I got a job from the help of my friends in a small accounting firm located in Quezon City as a Junior Associate. Also, may I mention that I commute from UST to Angono, Rizal everyday during my stay in college. Every week, I try to juggle my part-time, my org activities and my acads. Considering all of these factors could lead to bad things, I still pushed because I just need to. I wanted to. I have to.
I hid my part time job from my parents at first. Of course, I understand that parents would not want their children to deal with this kind of things knowing that we also need to prioritize our studies and I know that they will also worry about my health given that my commute time from Angono to UST and vice versa was 2 hours at the minimum. I was able to keep it from them for at least 2 months and when I was at my first semester. And before the second semester began, I confessed it to them. Hesitant and surprised, my parents allowed me to continue, but the pressure to manage all of the things I need to balance was real – commuting, org works, feasibility study, my part-time job and of course, my acads in general. I have felt lost and tired but then I realized I am still lucky for having supportive friends, workmates and orgmates and an encouraging family. I did my best to fill myself with hope – that one day, I will know why fate directed me to this path.
As soon as I graduated last June 2017, I started to find a job a week after. But life did not made it easy again because I got rejected many times. As close as I was to give up, a job opportunity came. Then again, a conflict arise when I was supposed to take the CMA exam on September and October for each part. I could not let go of the opportunity because I felt the urgency to help my family’s finances so I took a gamble on taking the exam for both parts on September 22 & 29 and tried to manage my time in the best way I know. Scared, frustrated, frightened and I began again to question everything – but I was really determined to fight because I know that I am greater than my fears.
Now, here I am smiling to my ears, lost and astounded by the fact that I passed the CMA. It was the same week last year that I found out I would not be able to take the exam but same week a year after, the universe has affirmed that I am now a CMA passer – a 360-degree turn indeed!
The greatest thing about my CMA journey was the people I have been with – those people who never lost faith in my potential and whose encouragements served as music to my ears during my trying times. And of course, to the people who believed and trusted me with this opportunity.
As I am a person who likes to plan everything ahead in my life, I learned that life has also its way of making plans for me. Your time may not be His time, but He will never fail you.
ABOUT THE AUTHOR:
Rochelle B. Orpilla is a graduate of Bachelor of Science in Management Accounting Batch 2017 from the University of Santo Tomas and a former president of her course’s mother organization, the Society of Business Managerial Accountants (SBMA). She passed the CMA Examination for both parts in November 2017. She is currently working as an associate in one of the top accounting firms recognized internationally.
I was enrolled in the bridging program of Chiang Kai Shek College when I passed the 2-Part CMA examination. It was in August 2016, and our professor merrily congratulated us for a job well done and achieving what others can only dream of: An international certification. We were very ecstatic at that time because we finally reaped the fruits of our hardships and sacrifices in the past year.
Little did we know that it was only a start of a more dreadful and arduous journey to the coveted CPA title.
It was also during that semester that we had to juggle internship and the demands of our Integrated Accounting subjects (IAC). The semester was full of tears, sweat, sleepless nights, and the constant reprimands of our professor to take her subject very seriously. I was constantly complaining of how tough to balance studying for the exams and the 200-hour internship. Some subjects were sacrificed for us to make time to study for our board exam subjects. I was doing everything possible, but for some reason, it was not enough. I failed to realize that if this was the beginning, how can I even fathom to make it through until the end? I turned to God and asked for forgiveness for all the precious time I wasted; sought guidance to help us all pass the semester; and acceptance for anything that awaits us in the end.
With God’s grace, I passed the bridging course and graduated on May 2017.
Come June 2017, I made a promise that there will be no more wasted time and energy and I would devote myself to pass the coming CPA board exam. I enrolled in a review center and took review classes from June to September. The classes were not particularly tough, sans Taxation and Regulatory Framework for Business Transactions.
I passed both the first and the final preboard and was confident that I can also pass the actual board exam. However, as the board exam looms, anxiety and uneasiness crept in. I lost confidence, occasionally threw up, and studied the wrong materials. As what T.E. Lawrence said, “To me, an unnecessary action, or shot, or casualty, was not only a waste but a sin”. I made a mistake of losing my composure and not sticking to the study plan I made, and wasted time again instead of studying for the subjects I am weak at.
The day before the board exam, I cried and prayed silently to God to ask for forgiveness again for all the intangible resources I wasted; and acceptance for whatever the results may be.
The actual board exams were very tough and challenging, especially the two dreaded subjects of Taxation and Regulatory Framework for Business Transactions. A simple mistake, in aggregate, could potentially cost you the CPA license.
After the board exams, I prayed hard again, but felt sorry because I was very greedy of what I was wishing for – all of my batchmates to pass the board. This time was the most difficult time of my life yet because of the sheer anxiety and nervousness it dealt not only me, but all of us.
November 3, the results came out. And with the congratulatory posts. Posts of victory and triumph over the most difficult exam of our life. It was very surreal, almost dreamlike. It was the culmination of our 5-year long journey, and at last, the CPA title is within our grasp.
As Sir Francis Drake once said, “There must be a beginning of any great matter, but the continuing unto the end until it be thoroughly finished yields the true glory.”
For all the aspiring CPA candidates, I only have this to say, as what Henry Ford once said, “If you think you can do a thing or think you can’t do a thing, you’re right”.
About the Author:
Harvey Christian B. Sumagaysay is a Certified Public Accountant (CPA), and a CMA passer. He graduated from University of Santo Tomas with a degree of Management Accounting, and finished the bridging program in Chiang Kai Shek College with a degree of Accountancy. He is currently working as an audit associate in one of the top auditing firms in the Philippines.
I always believe in the saying that “If it doesn’t challenge you, it doesn’t change you.” (Fred Devito). It was a year ago when I decided to take another step in my career and pursue further studies. I wanted to take an international certification, which will also be helpful in my current job and which will not take so much of my time and budget such as MBA or Law School. So, while I was browsing through the internet, I came across the U.S. Certified Management Accountant, which is a globally recognized certification in over more than 180 countries. Good thing, there was a local review center here, Insights Financial Review Services (Insights), which offers weekend review classes for professionals like me. I was able to talk to Sir Angel Secerio, who is the managing director of Insights and he was able to convince me to enroll for the program. Sir Angel was very supportive, approachable and accommodating all throughout my review, and for that I am very thankful. I was also lucky enough to attend the Saturday classes of Dean Kenji Asano, Jr., who I believe is the best CMA instructor at Insights.
It was not an easy journey for me. It was challenging to be a “working student”. With my line of work as a Financial Reporting Manager, I often go home late and continuously render overtime. Each study hour I devoted to reading the textbook and practicing to answer problems was a challenge. Regardless of the time I arrived home, I still made sure that I read or reviewed every night before I sleep. There were even times I go home past midnight on Fridays and have to wake up early on Saturdays just to attend the review classes. I was determined enough not to miss any review class since I know there would be lessons I could only acquire in class, and could not learn while reading only the review materials. I don’t know why, but I was always excited in attending the review classes. I guess it always gives me a sense of fulfillment that I am able to learn something new every week, which is additional knowledge from what I usually do at work. Most of my weekends were spent not on dates or vacation, but on studying, reading and reviewing. I even remember going on a movie date but I brought a review material with me so I can read while we were driving to the mall. Pathetic as it may be, but I just want to make every minute productive. I guess it was effective because I was able to be the top performer in one of our comprehensive exams. For an outgoing and extrovert person like me, it was hard to spend most of my time studying in my room instead of going out. Good thing, I am blessed enough to have a strong support system – my family, my boyfriend, my boss and my friends. They were all supportive and they never doubted that I can become a CMA, which gave me confidence and will power. Being a CMA takes a lot of prayers and sacrifices but I believe it all boils down to one’s determination, perseverance and time management. It was tiring – yes; but it was very fulfilling.
Going back to my CMA journey, I was very challenged but it really did change me to become a better version of myself. For all those who are currently reviewing or are still planning to take the CMA exam, please use every challenge as an opportunity to stretch yourself and become better. Bear in mind that everything is part of the journey. Every high and low, good and bad, moment of bliss and utter confusion. Don’t forget that there are going to be rough patches on the road to success, that there will be downs to each of the ups. When you feel like giving up, always go back to the moment when you decided that you wanted this. Tell yourself that failing is not an option and there is no other destination but to become a CMA.
About the Author:
Joan Joyce U. Garcia, CPA, CMA is a Bachelor of Science in Accountancy graduate of De La Salle University Manila with more than 8 years of experience in the accounting field. She passed the CPA licensure exam last May 2009, and the CMA certification last August 2017. Her first job was as an Auditor at SGV & Co. She is currently employed as a Financial Reporting Manager at MediaQuest Holdings, Inc., the media arm of the MVP group.
Before I went to college, I initially chose BS Accountancy to be my course. But I faced a hurdle during my second year in college, in which I failed to pass the retention program. The retention program was the test that would decide whether a student will still be able continue in the BS Accountancy program or would be forced to shift to the BS Management Accounting program. I was disappointed when I knew that I did not pass the exam and the retention exam. I was about to change my course, thinking I was not fit to be an accountant. But instead, I took the obstacle as an opportunity to grow and did not let it drag me down. During my first year as a Management Accounting student, I was inspired to do well in my academics and become a Certified Management Accountant primarily because of one of my professors who taught me to think about the logic behind all the formulas and the reason behind such. I have found what I’ve been looking for. He also introduced the CMA exam to me. I never knew that there was a bigger world for accountants where I can grab other licenses aside from the CPA, and the best part was the CMA was a global certification. Due to limited resources, I had to choose between taking the Bridging program and taking the CMA exam. My eagerness to become globally competitive was my driving factor to take up the CMA. I believe that having a globally recognized certification together with all I have gone through college will prepare me well enough for the real world.
But just like any other journey, there were hindrances I had to overcome. At first most students were unsure to take it due to common reasons such as the time and the fee that we all had to invest. Although I was also uncertain at first since I wanted to work right after graduation and had difficulty managing my time, what kept me going was my dream to become a globally competent professional. I consulted several people with regards to my decision on whether to work while reviewing for the CMA exam. One of the people I talked to at that time was the approved course provider of the CMA Program in the Philippines, the Insights Team. They told me that working while reviewing for the CMA exam would be a tough journey, based on the passing rate for working professionals in the previous testing windows. With that, I took an internship which was less tiring as compared to working full time. I was blessed from the very start because I had family and friend who supported my plans, so all that was left for me to do was my devotion and perseverance to pass the examination.
It was a tough journey. I had to manage my time very well between my internship and the review classes for CMA exam, and the old topics I had to read again, and the various topics that we needed to study by heart. I was about to give up but when I gave it a second thought, there were a lot of benefits I could gain from enrolling for CMA course while taking up my internship. All topics that I learned and discovered in the CMA review helped me in my internship since I was assigned to assess risks and controls in the company I worked for and at that time, I was studying internal controls, which was one of the topics in Part 1 of the exam. I did not have the advantage to study full time, but my edge was being able to apply the things I have studied in the real world. This helped me pass the CMA exam since most of the questions I have encountered were situational; you will be able to answer and appreciate them if you had the experience.
Determination, perseverance and focusing on your end goals, which for me was to become globally competent, are keys to passing the exam. Good luck!
About the Author:
Adrian Sarfraz O. Uttoh is a graduate of Bachelor of Science in Management Accounting Batch 2017 from the University of Santo Tomas. He passed both parts of the CMA exam last September/October 2017 testing window. He is currently completing work experience required in one of the top auditing firms recognized globally, doing Internal Audit and IT Audit procedures.
“Two roads diverged in a wood, and I – I took the one less traveled by, and that has made all the difference”; an excerpt from “Road Not Taken” by Robert Frost, a mantra I repeat to myself in times I face life changing decisions. It’s ironic because when I chose the course I would take in college, I took the road most often taken by most aspiring business professionals and lawyers, which was BS Accountancy. But during my journey as an accountancy student, my mantra was put to the test, it was during then that I stumbled upon a road that diverged, and there lies a path less traveled by.
During my second year in college, I faced an obstacle I never knew would change my life, which was to pass the retention program. The retention program was the test that would decide whether I was still eligible to continue in the BS Accountancy program or I would be shifted to the BS Management Accounting program. Of course, when the results were released, I was disappointed when I learned I will not pass, and I was also on the verge of changing my course, thinking a career in accounting was not for me, but life always has its silver lining. During my first semester as a Management Accounting student, we were oriented about the different career paths a BSMA graduate can pursue. It was also discussed then that we can still pursue our goal of becoming a CPA by enrolling in a bridging program, but what really piqued my interest was the Certified Management Accounting Certification. I never knew that there were other avenues and greater opportunities I can grab aside from the CPA license, and the best part was it was a global certification. So, without any second thoughts, I pushed myself to pursue the CMA Certification together with earning another degree in BSA and the CPA license.
Not all roads are smooth, every road has its speed bumps and potholes, and for this journey that I am about to take, there were a lot of obstacles. It was truly a road less traveled by just like in Robert Frost’s poem, because most students were hesitant to take it due to several reasons, but what was most common was the time and the fee that we all had to invest. Although I too was hesitant because I didn’t have the resources and had difficulty managing my time, what kept me going was the excitement of becoming a globally competent professional with the lessons that I will learn through this certification and the people that I will meet. I was blessed from the very start because I had a family who supported my plans, so all that was left was my devotion and perseverance to pass the examination and claim the title of a CMA and CPA.
The journey was tough from the very beginning: the time I had to juggle between my undergraduate subjects and the review, the new lessons and I had to learn and the old lessons that I had to revisit, and the voluminous number of topics that we needed to study by heart. But it wasn’t all that bad, there were also benefits that I enrolled in the CMA course while finishing my BSMA degree. All topics that I learned and discovered in the CMA review helped me in my undergraduate studies and played a major role in helping me pass most of my exams. I also had the advantage of keeping my mind in a state of continuous studying therefore my mind was focused, determined, and I was more diligent in studying for both my CMA review and college subjects. It was going well as my CMA exam was drawing near, but there was one more hurdle that I had to face before I took the exam.
After successfully passing all my subjects and was officially graduating as a BS Management Accounting degree holder, I took the time to pay attention to my health before taking the CMA Exam. I was still in elementary when I was diagnosed with a heart disease, and in my previous visits in the hospital I was doing well, but during the first quarter of 2017 I received news that I did not know would affect my plans. My doctor told me that my conditions had complications and has worsened, which was caused by continuous amount of stress and strenuous activities. I was distraught because my study schedule was affected, the medicines I took had adverse effects, and the news also had a psychological impact which demotivated me. Due to my present condition at the time, it affected my study performance and my plan on taking the bridging program after my CMA Exam to pursue my goal of also becoming a CPA. To fully prepare myself for the CMA Exam, I had to move my testing window, but I also had to decide whether I let go of my plans to pursue a BSA degree as it could jeopardize not only the results of my exam but also my health. I thought about it thoroughly and even consulted different people to help me in my decision, until I finally made up my mind.
Amidst the challenges I faced at that time I chose to pursue my BSA degree at the same time I was about to take my CMA Exam. I told myself, from the very beginning I took this path I was aiming for excellence and competency, and what more could define that by accomplishing these tasks despite the challenges presented to me. With proper time management, determination, and perseverance, I graduated with a BS Management Accounting degree, passed both parts of CMA Exam last Sept./Oct. 2017 testing window, then graduated with a BS Accountancy degree, and lastly, I passed my CPA Licensure Exam last October 2018.
During all these events, I could say that the CMA course was the best decision I ever made. I acquired skills and knowledge that gives me an edge as a professional, it opened doors to different opportunities, I was able to meet business professionals from other countries, I was introduced to well known individuals in the Accountancy profession, I got acquainted with the best mentors and leaders in the industry, and I am now a catalyst for Management Accounting, Accountancy, and Financial Management students and professionals in their pursuit to become word class experts in their chosen fields and in becoming future CMAs.
The road I took, as difficult as it was, was the best route I took to elevate my career. I wouldn’t have made it through without the help and support of my friends, family, and mentors, along with the guidance of God. The journey I took may not be one most people would take, but I am thankful I took the challenge and endured every trial I encountered. I journeyed on this path less traveled by with the hope that more and more would find their way here to pave the way for other aspiring professionals, and I am proud to say that I never regret choosing this path. As the poem goes: “I shall be telling this with a sigh, somewhere ages and ages hence: Two roads diverged in a wood, and I – I took the one less traveled by, and that has made all the difference”.
About the Author:
Melosino Melvin Roi Respicio III graduated from The Pontifical and Royal University of Santo Tomas with a degree of BS in Management Accounting of Batch 2017, and at Colegio de San Juan de Letran-Intramuros with a degree in BS in Accountancy of Batch 2018. He is now a Certified Management Accountant after successfully passing the exam last Sept./Oct. 2017 testing window. He took the CPALE last October and is now a Certified Public Accountant. He aspires to help his fellow accountants and also students taking up accountancy courses discover their full potentials and help them reach their goals in their pursuit of becoming successful accountants.
Few years ago, I remember our instructor told us to write our goals for the next 2-3 years in a small sheet of paper. I wrote all my goals as if I am going to attain those no matter what happens and I believe all the rest did the same. As we are about to pass our ambitious paper, I became curious on what my seatmate wrote on her paper and I asked her if we could exchange our papers and see each other’s goals. She excitingly gave her paper as if that paper has the most ambitious goal. As I read her paper, I was amazed with her goals: “I want to have a twitter account and Instagram account”. So as I was about to return her paper, She rigorously questioned my goals, and asked “Are you serious with your goals? It should be realistic!” In my mind, well, it’s realistic for me! I just smiled and passed my paper to our teacher.
Passing the CPA boards was the only aim I had in mind at that time. It already felt like it was a treacherous mountain that is hard to climb. My mind was fixed on that goal alone.
One day, I met Mr Angel V. Secerio, the IMA-Philippines President. He presented to me an international accounting credential that I couldn’t even imagine of achieving. My dreams were so small at that time that I reluctantly refused his offer of assistance. I can’t see myself taking that prestigious credential. But he stretched my mind and articulated the principle “Think big, aim high”. My mind got transformed and I began to prepare to take two (2) certification examinations, in the same year and in the same month (Oct. 2016).
I found it extremely helpful to have someone to look up to as I search for my own success path. This mentor changed the way I think about life, imparting to me lessons that are beyond the four corners of academic boundaries.
The path I chose was a road less traveled. It was never easy; I sometimes had doubts and constantly questioned myself during those times: Why am I doing this, when I could have just reviewed for the CPA boards and focus on that alone? I thought I placed myself in unnecessary greater risk. Negativity popped in my head: What if I would fail the two exams because my mind was divided? But there’s nothing I can do at that time but to take the dare. Months have passed, prepared myself twice as hard but I still felt I was not ready, I was afraid. But fears must be faced and I already worked really hard for it.
Back to the story, 2-3 years came to pass. I believe my former classmate I alluded to at the start of my story also managed to achieve her goals, and so are my “idealistic” goals. By God’s abundant grace alone, I passed the Certified Public Accountant Board examination and ultimately the 2-part Certified Management Accountant international examination in the same year.
We can achieve the goals that we aspire for. The only things that would differ us are the size of our dreams, the desire to pursue and believing that we are equipped with sufficient skills to achieve them in God’s wonderful time. The author of life revealed this truth to us when he said in the book of Mark “Therefore I tell you, whatever you ask for in prayer, believe that you have received it, and it will be yours.”
From this journey, there are two notions I started to live by: (1) Be the person who would always see things beyond trials and failure, and (2) Make things happen.
Sometimes we only need someone to believe in us when we can’t even believe in ourselves. And I am telling you, if I can do it, so can you… Yes, much more than that!
About the Author:
Marko Patino Alejandro, CPA, CMA, is a Bachelor of Science in Accountancy graduate of Ateneo de Zamboanga University last March, 2016. He currently works as an audit associate in one of the Big 4 auditing firms in the Philippines.
