equation model on continuing professional development and career advancement: evidences among certified public accountants in davao city, philippines

This paper determined the effectiveness of Continuing Professional Development (CPD) to the career advancement of Certified Public Accountant (CPA) when analysed by profile. Respondents were 100 CPAs from Davao City fairly distributed as to age, sex, sector connected, year working and credit unit earned. The study covered periods 2010-2013. The paper employed descriptive-quantitative design and used a validated, self-construct questionnaire as instrument. The sampling technique employed was stratified. Data were gathered through survey and personal interview. The statistical treatments used were frequency, mean, ANOVA and logistical regression. The critical alpha was set at.05 level of significance. Results revealed that majority of active CPD participants were young, female CPAs. The extent of participation was found minimum. The overall level of contribution of CPD to career advancement was held negligible although CPD showed strongest impact on improvement of financial income and weakest on enhancement of personal competencies. Further, the study found that no significant difference exists between the level of CPD contribution and career advancement of CPA when grouped according to profile. This suggests that demographics such as age, sex, sector belonged and working years have no statistical impact on the level of CPD contribution. The predictor variable which is CPD credit unit has shown statistical influence to career advancement. The strength of association is determined by a model CPD = -2.67 + 0.43units_earnedCPD. Thus, CPAs must capitalize on best practice participation and meaningful engagements with CPD as a springboard to personal and professional success.