MARKET VIABILITY

DEMAND FOR GRADUATES

Filipino accountants are globally recognized and in demand and can meet today’s requirements.

Singapore, Malaysia, Japan and our own country need accountants who are Fluent in the English

Language and Filipinos can absolutely fit the positions; also accountants are not constrained to

accounting jobs only since they are also familiar with business processes; they may be tapped into

utilizing their know-how in cross functional roles like information Technology security audit,

software implementation, business process improvement and other likes.

According to Rea Cu of the Business Mirror, “The Board of Accountancy (BOA) of the Professional

Regulatory Commission recognizes the need for an increase in the number of Filipinos who take up

accountancy, in line with the increase in the demand for the profession not only in the Philippines, but

also in other countries.”

According to oojema.com, in a report by the BusinessMirror, there is a shortage of Filipino certified

Public Accountants (CPAs) against an increasing demand for more of these professionals in the next

coming years. Only 7,500 to 8,000 accountants are getting certified each year in the Philippines and

most them are looking forward to work in abroad.

There is a small supply and the demand is high for accounting jobs in the Philippines. According to

Jobstreet, financial jobs are 4 in Top 10 highest-paying jobs in the Philippines for 2017 for those with

1-5 years job experience.

 According to the most recent Monster Employment Index (MEI), the consumer goods, hospitality,

health and care and IT sectors recorded the highest jumps in demand between the months of April

2018 – April 2019 in the Philippines; HR and Admin, Finance and Accountancy, Logistics and

Marketing careers records significant positive growth as well at 12%-19% percent and up. The MEI is

the gauge of online job posting activity compiled monthly by the Monster.com, one of the leading

career and recruitment platforms which records and shows the highest and lowest growth in the

recruitment activity in the Philippines.

“The job market reported a stable momentum despite the 2%-5%percent growth in the 1st quarter of

2019, and with the ongoing trade war and other economic headwinds business will remain cautiously

optimistic’” said Abjijeet Mukherjee, CEO of Monster.com for Asia Pacific and Middle East.

Below is a forecasted trend of the demand for the Number of Accountants needed in our industry.

2020 2021 2022 2023 2024 2025

Forcasted Forcasted Forcasted Forcasted Forcasted
Forecasted Number of Additional Number of Additional Number of Additional Number of Additional Number of Additional
Current Job additional Manpower additional Manpower additional Manpower additional Manpower additional Manpower
Vacancies % increase Manpower Needed % increase Manpower Needed % increase Manpower Needed % increase Manpower Needed % increase Manpower Needed

No of Job
Postings 7,000 2% 140 7,140 4% 286 7,426 6% 446 7,871 8% 630 8,501 10% 850 9,351

Therefore as long as money is in its various forms is used, there will always be a demand for

accountants.

Moreover According to the Department of Labor and Employment Philippines accountants may be

employed in the following Industries:

 Mining and Quarrying  Construction

 Manufacturing  Wholesale and Retail Trade

 Electricity  Hotels and Restaurants

 Gas and Water Supply  Transport

  Storage and Communication  Compulsory Social Security

 Financial Intermediation  Education

 Real Estate  Health and Social Work

 Renting and Business  Private Households with

Activities employed Persons

 Public Administration and  Extra-territorial Organization

Defense Bodies

Accountants with adequate academic preparation may advance to positions with more responsibility

in 1-2 years and to senior positions within another few years as supervisors, managers or partners in

an accounting firm. Those who excel in their jobs may be place in the following positions:

 Chief Accountants

 Budget Director

 Chief Financial Officer

 Vice President of Finance; or as

 Corporation Finance President

PROSPECTIVE STUDENTS (Enrolment Projection)

The Asian Institute of Science and Technology Central Inc. can provide students with accounting and

business knowledge that will serve as a basis for careers in industry, government, non-profit

organizations and public accountancy. Students who will enroll in this program will gain

advancement in theoretical and practical knowledge of accounting and finance; providing assurance

and audit services for statutory financial reporting, tax-related services, management advisory services

partnering in management decision-making, devising planning and performance and control systems

which includes analytical skills and appropriate business experience who are practical and grounded

in operational reality.

Based on the geographical location of the Asian Institute of Science and Technology Central Inc., the

school is located at the Capital Center of Baliwag, Bulacan with current address Victoria Bldg.,

Plaza Naning, Poblacion, Baliwag, Bulacan. It is near Public Market and Schools offering Junior and

Senior High both in Public and Private Institutions.

Here are the lists of Schools for projected incoming BSA students:

 Immaculate Conception School of  Living Angels

Baliuag  Sulivan High School

 St. Mary’s College of Baliuag  Fernandez College of Arts and Trades

 Baliuag University  Bajet-Castillo High School

 Virgen Delas Flores High School  Marian Colleges

 Montessori De Sagrada Familia  Tibagan National High School

 Sto. Nino High School  Bahay Pare National High School

 Carlos F. Gonzales High School  Teodoro Evangelista Memorial High

 Alexis G. Santos National High School

School  Talang National High School

 Mariano Ponce National High School

Here are the lists of nearby Institutions where the students can take their On-the-Job training and

Employment as well:

 East-West Seed Company  Puregold Price Club Inc. - Baliuag

 Rugay General Hospital  Union Bank of the Philippines –

 National Irrigation Administration Baliwag

(NIA)  Baliwag Municipal Hall

 Rural Bank of San Rafael (Baliuag  Castro Maternity Hospital and

Branch) Medical Center

 Social Security System Baliuag  World Escapes Travel and Tours

 Baliwag Water District  Banco de Oro- Baliwag – JP Rizal

 East West Bank  Meralco Baliwag Business Center

 BPI
 ENROLLMENT PROJECTION (5 YEAR PROJECTION)

YEAR 2020 YEAR 2021 YEAR 2022 YEAR 2023 YEAR 2024 YEAR 2025
Total Total Total Total Total Total
% Increase No. of % Increase No. of % Increase No. of % Increase No. of % Increase No. of % Increase No. of
Course Projected Projected Projected Projected Projected Projected
for the Student for the Student for the Student for the Student for the Student for the Student
No. of No. of No. of No. of No. of No. of
Year Increase Year Increase Year Increase Year Increase Year Increase Year Increase
Students Students Students Students Students Students

Bachelor of Sciecne in 0 0 35 25% 9 44 40% 18 61 25% 15 77 40% 31 107 25% 27 134

Accountancy
PRESENCE OF EXISTING HIGHER
EDUCATION INSTITUTIONS
According to Britannica.com, Higher Education Institutions include not only universities and colleges

but also various professional schools that provide preparation in such fields. It also includes teacher-

training schools, junior colleges and institutes of technology.

In the Philippines, degree programs are known as courses which can be taught in different colleges

and universities also known as HEI’s. These HEI’s are administered and regulated by the Commission

on Higher Education (CHED) to maintain quality learners producing quality professionals in the near

future.

The Asian Institute of Science and Technology Central Inc. is located at the Center of the Baliwag,

Bulacan with current address, Victoria Bldg., Plaza Naning, Poblacion, Baliwag, Bulacan. The school

is near the Baliwag’s Public Market, St. Agustine Church and schools both Private and Public offering

Junior and Senior High School which is the target market of our school for the Bachelor of Science in

Accountancy.

HEI’s also exist within the vicinity of the school offering the same or relevant degree with the

Bachelor of Science in Accountancy.

Below are the five (5) existing Higher Education Institutions located near the school:

Estimated
Course Tuition Fee
Name of School Address Number of Strenght Weakness
Offering Range
Enrollees

Accredited School
Bachelor of of the The school
Fernandez College of Gil Carlos St., Baliuag, Php 11,000 -
Science in 40 Technological focuses on the
Arts and Technology Bulacan Php 14,000
Accountancy University of the Maritime courses
Philippines
Free tuition Fees Rooms lack in
Bachelor of and the school lighting, no
Baliwag Polytechnic Poblacion, Baliuag, No Tuition
Science in 250 could use airconditioning
College Bulacan Fee
Accountancy Government units in lecture
facilities for free rooms.
Teachers have
continuing
professional
seminars and
Php trainings for free
Bachelor of
28,365.02 - which enhances High cost of
Baliwag University Baliwag, Bulacan Science in 200
Php them to teach Tuition Fee
Accountancy
31,042.87 learners.

Conducive lecture
rooms and well
ventillated areas

Online Courses
which targets
working
individuals to gain
diplomas while
Bachelor of working
Science in Php 12, Offers advance
Poblacion, Baliuag, lacks in actual
ACLC College-Baliuag Accounting 882.25 and 30 Accounting
Bulacan demonstration
Information up Course which
System focuses on
planning,
controlling and
evaluating
information
systems

Lack in lecture
room lighting
which makes
room looks small
Bachelor of
Offers advance
Science in
Poblacion, Baliuag, Php 20,000 - Accounting
STI College- Baliug Accounting 30
Bulacan Php 21, 000 Course which
Information
focuses on
System
planning,
controlling and
evaluating
information
systems