Accounting students top CPA PNG exam participation

A record 70 accounting students from Divine Word University (DWU) sat for the annual Certified Practising Accountants Papua New Guinea (CPA PNG) foundation exam recently.

CPA PNG executive Nicholas Koimo said this is the second consecutive year DWU topped the list of accounting students registering and taking the Foundation of Accounting exam compared to other institutions in PNG.

Mr Koimo said the 70 students paid K275 each to sit for the exam which was held in the Sana Room of Madang Resort Hotel on 26th October, 2015.

Mr Koimo was at the Madang campus two weeks prior to the exam and met with the accounting students who are members of the DWU Junior Society of Accountants (DWU JSA) where he presented K3000 on behalf of CPA PNG to the society.

He said then that the CPA PNG was pleased with the efforts of the accounting students in DWU in taking the CPA PNG exams seriously as part of their career development as future accountants.

The bronze medal-winning Bachelor of Business (Accounting) graduate of DWU in 2001 who was in his alma mater told the students that CPA PNG recognises their effort as it demonstrated that they were serious in developing their careers

He urged them to remain focused to complete all the 10 unit exams when they graduate and work to qualify as CPAs, the benchmark achievement in the profession.

Mr Koimo said once an accountant successfully completes all the CPA exams then she or he would have met the benchmark as a qualified accountant and this was important for one’s career prospects.

The ceremony was witnessed by DWU Vice President (Student Affairs) Mr Ted Alau who commended the CPA PNG and the accounting students for maintaining the partnership.

Mr Alau praised the 70 students for registering to sit for the CPA PNG exam as it was important for their future.

He said the DWU students were in good stead as the success rate in the foundation exam among their peers was high and expected the 2015 cohort to do likewise.

The President of the DWU JSA Ms Amelia Wattz said the students in the third and fourth year Bachelor of Business (Accounting) classes combined sacrificed many hours to raise funds and come up with K10,000 to pay for the exam registration fees for all the 70 students.

Ms Wattz commended her colleagues for the hard work put in to the raise the funds adding it demonstrated a commitment towards developing their accounting careers.

Mr Koimo said accounting graduates of Divine Word Institute (now University) have gone onto excel in their careers because of the education they received in the Madang-based institution and they were in good stead.

He said people like former Divine Word Institute student leader like Mr Tobias Kulang (now Member of Parliament for Kundiawa-Gembogl) started the Junior Society of Accountants and the Student Representative Council and have gone onto to excel in their careers as accountants and they can do likewise.

Mr Koimo told the students that CPA PNG is interested in continuing to work with the Junior Society of Accountants at DWU.