This study examined the influence of financial constraints and fear of failure on the current intentions of Bachelor of Science in Accountancy (BSA) students at Laguna University for Academic Year 2025-2026 to take the CPALE. Using a quantitative research design, data were collected from the entire population of 172 BSA students through a structured questionnaire. Descriptive statistics were used to determine the degree of influence of each factor, while Spearman’s Rank Correlation Coefficient and the Chi-Square Test of Independence were applied to examine the relationships among variables and their association with students’ current intentions. Results showed that fear of failure had a high influence on students’ intentions, whereas financial constraints had a moderate influence. Despite these challenges, most students expressed a strong willingness to take the CPALE (102 out of 172), though a notable proportion of second-year students (39 out of 85) indicated an intention to delay, with 2 students expressing an intention not to take the exam at all. For fourth-year students, 16 out of 24 also indicated an intention to delay. Furthermore, correlation analysis indicated a weak positive association between financial constraints and fear of failure. Meanwhile, the Chi-Square analysis revealed that neither financial constraints nor fear of failure had a statistically significant relationship with students’ current intentions. Nevertheless, the observed moderate and high influence of financial constraints and fear of failure, combined with the trend of upper-year students delaying the exam, highlights the need for targeted interventions. Implementation of a comprehensive intervention plan was developed to provide academic, financial, and psychological support, alongside student initiatives such as mentorship and scholarship utilization, while emphasizing the sustainability of the LU-AEP to further strengthen students’ preparedness, confidence, and timely participation in the CPALE.
Dimacali et al. (Fri,) studied this question.