The Accountancy program in our curriculum includes a National Institute of Accounting Technicians (NIAT) Certificate in Bookkeeping, as stated in our college catalogue. However, surprise met me eye to eye when I was informed by my classmate that upon his inquiry to the Accountancy OIC and the Management Accounting Chairperson, they answered that we are not required but encouraged. At that instance, though surprised, I was not regretful of paying the examination fees of Php 2,500.00 (discounted price for students) since my payment will be refunded by Menzi Trust Fund Inc., my ever benevolent grantor.
One has to pass the Certified Accounting Technician (Level 1) Exam to become a member of the Institute of Certified Bookkeepers, thereby having the right to use the MICB suffix. In the Philippines, such certification is not much recognized by hiring professionals but in the United Kingdom, it is highly acknowledged; that is, if one intends to work as a bookkeeper. For further information about how this certification and other certifications (i.e. CAT Level 2 Exam- Registered Cost Accountant, CAT Level 3 Exam- Certified Accounting Technician) can boost your CV, please visit niat.edu.ph.
Earlier, I took the exam for which I have prepared for seven days. The test officially started at 8:30 AM and ended at 12:30 PM. We were given four hours to read, analyze, and comprehend the problem and to write the requirements. Yes, you were right at reading it: problem—without an “s,” indicating singularity. Last year, the exam was a mixture of problem-solving and essay-type questions. In fact, two BS Accountancy graduates from our school, University of St. La Salle, got a 100% rating. But after having answered the exam administered to us earlier, I can say that I can’t get a perfect score. I studied about internal controls, special journals, single-entry bookkeeping, cash to accrual basis of accounting, correction of errors, ratio analysis, and the voucher system, among others but none of these came out in the exam. The CAT Level 1 Exam has four modules:
Module 1: Review of Bookkeeping Skills
Module 2: Completing the Accounting Cycle
Module 3: Constructive Accounting
Module 4: Special Journals
None about Modules 3 and 4 came out in the exam; by none is meant 0/100. Seems easy, eh? Yeah, it wasn’t hard but it was tiring—tiring to the extent that your weariness impedes your ability to analyze and your knowledge reservoir has turned into a pitcher with few mL of liquid that you need to turn upside down for that little knowledge to drop. Simply, tedious.
Our review focused on challenging topics especially in constructive accounting. One of our reviewers even said, “It’s close to impossible that they will let you create a worksheet for that will consume a large amount of your time.”
As soon as we received our final papers (questionnaire and answer sheet), we began to answer. It is important for one to write his e-mail address correctly because results shall be sent there. The exam was simple. There is not much detail to analyze or confusing information, except for one which, I believe, made me the only one to have erred—foolishly. The problem used up about 3 and a half pages; the rest of the pages are for the answers. We were asked to do the steps in the accounting cycle:
- Journalize the transactions without minding the posting references and explanations (31 points).
- Post them to the ledger accounts and create an unadjusted trial balance. Create a 10-column worksheet (8 points)
- Make the adjusting entries and post the adjustments to ledger. Complete the worksheet (24? points).
- Prepare a Statement of Financial Condition.
- Prepare a Statement of Changes in Equity.
- Prepare a Statement of Comprehensive Income.
- Journalize the closing entries (4 points).
- Make a post-closing trial balance (6? points).
- Journalize the reversing entries (5 points).
I cannot remember the distribution of points to every requirement but the total number of points is one hundred (100). Finally, the exam, which was good for four hours, is done. Now, I have to extend my waiting, no agony involved since I’m not overly concerned, to 2-3 months. Still, I pray for favorable results.
By the way, agony will be involved again upon release of exam results for both parties. For examinees who failed, agony will be present for an obvious reason. For the qualifiers, why? It’s because the annual membership dues are close to a hundred bucks.
How about RCA? Do you have any idea about the focus of exam? Thanks!
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Hi Janice! You can visit http://niat.edu.ph/node/41 to know more about the RCA exam.
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gd day sir… I am a public school teacher… but my degree in BSC major in Acctg.. but i am not a CPA… was a bookkeeper for years in my last company I’ve worked for before i entered dep ed… i just want to be a member of any association in bookkeeping profession.. i need it cuz am applying in seinor high ABM strack as a plus factor..i am already a holder of Bookkeeping NC III. i took it at TESDA… just want to ask if i can join this assn.?
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Yes Glenn, you may be eligible to take the examination. Please visit niat.edu.ph. for more details.
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Hi! What if I failed the exam, can I take it again? 🙂
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Yes, you may retake the exam. 🙂
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Can a student with accounting major can take the exam? What year atleast? Thanks
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Hi Marione, it depends if your university is accredited. If it is, you have to complete your degree for ‘you to wave six exams and grant you the right to take the CAT Challenge exam right away that will fast track you to achieving the CAT title.’ If you’re an undergraduate, you can take the exam as long as you attend CAT review courses organized by NIAT or study with an accredited provider (http://niat.edu.ph/students/study-options/). You may contact NIAT on this matter. 🙂
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Hi! I’m a CPA passer (just recently). I’m interested in taking the exam soon while working because of what I’ve heard that the titles you’ll earn are internationally recognised. Are there differences between the undergrad takers and those who are not? Also, are we still going to take the same examination? Or they have different sets of exams for undegrad and those who are not? thanks!!
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Hi Clang,
I don’t know if there has been any policy revisions but during our time, the exam was standardized. The same set was administered to both undergrad and grad examinees. 🙂
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i’m a 4th yr accountancy student in a 5yr curriculum BSA program. can i take the exam even if i don’t take review courses? and my school (unfortunately) is not listed as one of NIAT’s registered universities.
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Hi Sofia, recheck in this link if your university is recognized (http://niat.edu.ph/students/recognized-universities/). If your university is not recognized, you still have two other options, as follows: (1)Study with NIAT or (2) Study with an Accredited Provider (http://niat.edu.ph/students/study-options/). Best of luck!
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Hi 🙂 What’s the difference between CAT level 1 and NCIII Bookkeeping?
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Hi Jonirose, the CAT Level 1 exam is internationally recognised. Those who pass the exams are MICBs (Member of the Institute of Certified Bookkeepers). Meanwhile, Bookkeeping NC III (If I’m not mistaken, you’re referring to the one offered by TESDA) is locally recognised only.
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Hi! When you say the exam was “simple” and it didn’t have “much detail to analyze or confusing information”, it didn’t include all that FOB stuff in the transactions for example? Your description of the exam sounds like it’s the NC III exam which is straightforward.
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As far as I could remember, there were no shipping terms. Note, however, that the exam differs every year.
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Hi, In my batch, that was last year. Shipping terms are included in our exam. So @stvensontupas is right. Types of exam changes every year. 🙂
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Good Morning, stvensontupas,
ASk ko lang po, Graduating na ako ng Bachelor of Science in ATech sa AMA University and im planniing to take these CAT Exams, pwede po ba yun regarldess kung saan ka grumaduate na school ng BSAT? kasi po 170 units lang ang curriculum ng AMA BSAT. Wala naman siguro requirements kung ilang units? And, May lisensya din po bang nkukuha or ID or card or doocument pag nakapasa na na pwedeng dalhin sa work in the future na licensed ka?
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Hi Emz,
Maaari kang makipag-ugnayan sa NIAT (http://niat.edu.ph/contact-details/). Sila ang makapagbibigay ng malinaw na paliwanag sa iyong mga katanungan na lubhang teknikal. Sa huli mong tanong, ang sagot ay OO. Pagkatapos mong pumasa sa exam at gusto mong magpa-miyembro, may halagang kailangan mong bayaran. Kapalit nito, makakatanggap ka ng ‘certificate’ at ID bilang katibayan na ikaw ay MICB (Member of the Institute of Bookkeepers). Salamat!
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Hi. I’m not a graduate of an accounting related course but I am working as a bookkeeper. Am I eligible to take the CAT Program?
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Hi Gema, you may take the CAT exam, provided you avail any of the 3 study options (http://niat.edu.ph/students/study-options/).
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hi! What if you passed it all the levels… What could be the possible job I could get? or Where should I apply?
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Hi good day😊 I am an accountancy grad from one of the recognized universities as listed in the NIAT website. I’ve already worked as an Accounting Clerk for a year and a month and i wanted to take the CAT EXAM, when will be the next possible sched and the filing of application starts?
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Hi good day 😊 I am an accountancy grad from one of the recognized universities as listed in the NIAT website. I’ve worked as an Accounting Clerk for a year and a month. i wanted to take the CAT EXAM, when will be the next sched and the filing of application starts?
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Hi Shin,
You may contact NIAT by phone or email:
a. Contact No.: +(632) 263 3558
b. Email
~For general inquiry, email: info@niat.edu.ph
~For examination related questions, email: examinations@niat.edu.ph
~For schedule of CAT review classes, email: marketing@niat.edu.ph
Good luck!
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Hi, may i ask. How much would it cost to take CB if i am already working?
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How much would be the fee if the examinee would be professional?
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Hi Rj, I’m sorry I’m not updated with the current fees. You may reach out to NIAT for your concern! 🙂
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Hi,
Oh, I see. Still, Thank you for responding.
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Hello, currently I’m a student taking up accountancy sa isang accredited university and gusto ko lang po matanong kung paano po magtake nung exam. Paano po mag apply? Required po ba na kumuha nung review or pwede self study?
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Hi Wando, you may reach out to the contact person for your university here: https://drive.google.com/open?id=0B8BFtP-qACiFRURyeUVDY01PT2c.
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You are given 3 months to apply to your membership both for NIAT and International Qualification.
If you do not wish to apply yet for International Qualification (e.g. CB, RCA, CAT), you need to apply as member of NIAT to keep your eligibility valid for next 12 months. Failure to apply will invalidate your examination.
HI ive read this sa FAQS ng website ng NIAT, what if after a year d ka na nagbayad ng membership fee, magiging invalid na ung pagpasa mo? Also u need to finish ba ung 3 exams para makapaglagat ng CAT after ng name? =)
Thanks!
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Yes, that’s what happened to me. I passed the exam but I did not pay for the membership fees so if I want to have the title (MICB/CB) affixed to my name, I have to retake the exam. Also, you have to successfully complete all three levels to become a CAT. 🙂
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Hi, I am working as a bookkeeper but not a CPA. I’ve graduated to a school not listed in NCIAT. Can i take the CAT exam?
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Hi Anne, even if your university is not recognized, you still have two other options, as follows: (1)Study with NIAT or (2) Study with an Accredited Provider (http://niat.edu.ph/students/study-options/). 🙂
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Hi, Im a business ad graduate. Nag pplano ako mag take ng Cb exam before ako mag masteral. Makakatake ba ako kahit di ako graduate ng accountancy ? thankyou!
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Hi Anna, you may take the CAT exam, provided you avail any of the 3 study options (http://niat.edu.ph/students/study-options/). God bless! 😇
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Hi Good afternoon, I’m a graduate of BSBA major in Management Accounting at Isabela State University main campus, I’ve checked in the website and it is one of the recognized universities of NIAT,.,.,I am also a passer of Bookkeeping NC 3 of TESDA and currently working as a compliance officer in a bank. I’ve been a Bookkeeper for 2 years and a Treasury Head for 2 years also in same bank. Just wanna ask if how could I take the CAT exam? Do I need to pass the first and second level exam before I can take the CAT exam or there are still some courses that I need to attend to?
Thank you so much and God bless
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Hi Div,
Yes, you need to take the Level I and II exams before taking the Level III exam. In my school, even our Chairpersons and Dean who are CPAs did so. Since your university is NIAT-recognized, you only have to pay for the fees (which includes the reviewer) for you to take the exam (no courses required). To be sure, you may reach out to the contact person for your university. Best wishes, Divirly! 🙂
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Hello. How much pala yung annual membership fee? Also, where can we take the exams? NIAT headquarters lang? Like, in Manila lang ba? i cri
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Hi Kez, you can check with the website about the membership fees. NIAT has provincial exam centers. I even took the exam in Bacolod. 😀
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Goodmorning!! I’m not able to open their website. Do you have other contacts? thanks!
Gideon
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Hi Gideon, I tried accessing the website and it seems to be working properly. The point of contact differs, depending on the university. 😄
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Hi! What benefits can I get from being certified? I saw kasi that the renewal fee is 7k? Not sure if this is true but if it is, medyo mahal. I’m trying to weigh things if it’s worth spending. Thanks!
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In the Philippines, not many companies pay esteem to the designation. I did my own cost-benefit analysis and came up with the conclusion that the returns are not worth the investment so I decided not to pursue it.
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Hello. I’m not a graduate of an accounting related course. Am I eligible to take the micb? What is the difference of MICB and CAT? thanks.
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You may reach out to NIAT to check if you’re eligible. MICB designation is for the first level; CAT is for the last. 🙂
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Hello po! 🙂 I’m a graduating student of BS-Accounting Technology. Ask ko lang po kung may reviewer po kayo for CAT Level 1 Exam kasi gusto ko po sanang matake ng exam pagkagraduate ko po. It would be a great help. Thank you so much! 🙂
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I don’t have a soft copy. 😦
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Sir ask ko lang po may review/blog po ba kayo about naman po sa RCA CAT level2? Magtetake po kase ako. Gusto ko lang po sana malaman po idea po about sa exam. Thanks.
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Hi Albert, hindi ko na tinuloy. 😦
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hi! have you taken the RCA exam? thoughts?
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No, I haven’t.
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Hi. I was searching for “the benefits when u passed the certified bookkeeper” until i found this site. I was wondering kasi I passed the examination last October 2016 and registered to NIAT on February 2017. Its been 7 months but i am not aware of some other benefits kung saan ko pa pwedeng gamitin yung NIAT membership ko.
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Hi Hershey, I’m sorry I can’t respond to your query. I myself didn’t register at NIAT though I passed the exam. You may reach out to their office diectly. Thanks. 🙂
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Hi, im a grade 12 student, in january we will take are assessment about bookkeeping,so i just want to ask,
What are the advantages if we will take it??
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Hi Rhona, I believe you are not yet eligible for the exam.
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Honestly, here in the Philippines, the CAT certification is not much recognized and valued in comparison to the CPA certification. As a Grade 12 student, if you take the CAT Level I Exam, you’ll be able to assess your bookkeeping skills. The results of which can help you decide whether to take up an accounting course in college. 🙂
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Hi, Can a CPA passer still qualify to exam? thanks
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Yes, Ruby! 🙂
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Hi. Where did you review for the exam?
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Hi, Cecile. We had a 1-week review in our school.
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Hi,
Just wondering if unf exam ba has essay or more focused lang sa journal entries and preparation of FS? 🙂
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Hi Mavic,
I’m not sure if ano ‘yung format for your exam. During my exam, there was no essay-type of question. Best of luck! 🙂
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Module 1 Recording Business Transactions
Module 2 Drafting Financial Statements
Module 3 Maintaining Financial Records
Module 4 Reconstructing Incomplete Records
These won’t come out in the exam? I’ll be taking this Saturday, what advices can you share I wasn’t able to attend our two day review in usls last weekend
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Hi Thomas, I believe the scope of the exam differs every year. I hope you’re prepared just in case all the contents of the 4 modules come out. Stay focused and relaxed. Say a little prayer from time to time, when your mind gets clouded. God bless you! 🙂
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Thanks, I need to relax anyway it’s nothing I haven’t been through knowing usls a.t. program right? Just review the accounting cycle? Basically?
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Yes! If you passed the qualifying exam during your first year, you’ll definitely pass this one!
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Paano po ba ako makakapag apply abroad as CAT or bookkeeper? Napasa ko na po yung tatlong part ng exam. Every year nagbabayad po ako ng membership sa niat para wag mawala yung pag pasa ko po sa exam. Mag 3years na po ako nagwowork as accounting staff in a private company and gusto ko po magkaroon ng growrh sa aking career. Paano po ba ako makakapag apply abroad as CAT or bookkeeper habang andito po ko sa pilipinas? Patulong po.. any advice?
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Hi Camille, Pasensya na, hindi ko rin alam. Siguro mabuting makipag-ugnayan ka sa NIAT baka matulunga ka nila. 🙂
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Hi I am about to graduate from a non-recognized school. BS Accounting Technology po course ko. If I choose to study with one of NIAT’s accredited providers how long will it take for me to finish all the 9 subjects and eventually take the exam? Thank you.
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Hi Dianne, sorry I can’t answer your question. I suggest you reach out to NIAT directly. Thank you. 🙂
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