UPV Tacloban College student tops mock CPA board exam at the ASSET 2017

Written by Prof. Carlo Angelo T. Negado on .

Kim D. Limosnero (4th from the right), with the organizers and PRC BOA Member Hon. Eliseo A. Aurellado (3rd from the right), awarded as the Topnotcher of the 2017 ASSET Mock CPA Board Examination at the ASSET Awarding and Culminating Ceremony.

A graduating BS Accountancy (BSA) student from the Division of Management of the UP Visayas Tacloban College (UPVTC) finished first in the recently-concluded mock CPA board examination in the 2017 Accountancy Students' Seminar and Extra-Curricular Training (ASSET).

Kim D. Limosnero placed first in the mock CPA board examination at the ASSET 2017 held on October 26 to 30 at the One Tagaytay Place Hotel and Suites, Tagaytay, Cavite. He bested 49 other delegates from various accountancy schools across the country.

Nick Freddy Bello, another UPVTC BSA student, placed fifth in the mock CPA board examination.

Limosnero and Bello were among the seven UPVTC BSA students who were chosen to take part in the event organized by the UP Diliman Virata School of Business Junior Philippine Institute of Accountants (UP JPIA).

The other UPVTC students selected for this year’s ASSET were Eva Cuizon, Princess de los Santos, Darren Jacob Espina, Kimberly Pacle, and Noriko Karen Tomiyori.

In addition to the Top 1 finish, Limosnero was also the top scorer in four out of the six board examination subjects tested and was declared the Best in Financial Accounting and Reporting (FAR), Best in Advanced Financial Accounting and Reporting (AFAR), Best in Management Advisory Services (MAS), and Best in Regulatory Framework for Business Transactions (RFBT). Limosnero was also the top delegate in the screening process of the Top 50 delegates to the ASSET.

Now on its 15th year, the ASSET is a nationwide summit organized by the UP JPIA for top accountancy students in the country. Corporate partners include Ayala Land, SGV, PWC Isla Lipana, and P&A Grant Thornton, among others. The ASSET is endorsed by the Commission on Higher Education (CHED).

Each year, 50 penultimate and graduating accountancy students from all over the Philippines are selected to become part of the summit.

According to the UP JPIA, the ASSET “is an avenue to elevate the accounting practice in the Philippines by gathering and developing the country's future business leaders - equipping them with advanced accounting and business knowledge to help them become movers in their own respective fields.”

“The top 50 delegates will get to experience four days of non-stop learning from the country's best and most respected practitioners. Delegates undergo various activities throughout the seminar, including company talks, interview simulation, business case presentation, and a mock board examination,” said the organizers.

The highly competitive selection of delegates trimmed down the initial Top 100 shortlist, which included nine BSA students from UPVTC.

Following the summit in Tagaytay, an awarding and culminating ceremony was held at Makati City on the evening of October 30, 2017. It was attended by Professional Regulation Commission Board of Accountancy (PRC BOA) Member Hon. Eliseo A. Aurellado, Ph.D.