Final IRR for Academic Events

NATIONAL FEDERATION OF

JUNIOR PHILIPPINE INSTITUTE OF ACCOUNTANTS REGION 02 COUNCIL

Office of the Regional Vice President for Academics

Federation Year 2012-2013

ROBERT JHON CASTRO SALAZAR

0927-853-4781 | [email protected]

NFJPIA – REGION 02 COUNCIL 2012-2013

1

Accounting Quiz Series

GENERAL GUIDELINES

The Mid-Year Accounting Quiz in the Regional MYC is open for application to all

Bachelor of Science in Accountancy students who are bona fide members of

NFJPIA-Region 02 Council FY 2012-2013. The Mid-Year Accounting Quiz in the

Regional MYC shall comprise the following:

1. Partnership and Corporation Accounting Quiz (For 2nd year and 3rd year only)

a. Partnership Accounting

b. Corporation Accounting

2. Finance and Economics Quiz (Open to all)

a. Financial Management

b. Economics

3. CAT CUP 1 (Open to all)

a. Basic Accounting

b. Financial Accounting


a. Cost Accounting

b. Management Services


a. Payroll Accounting

b. Philippine Taxation

6. SGV CUP 2012 (Graduating students)

a. Theory of Accounts

b. Practical Accounting Problems 1

c. Practical Accounting Problems 2

d. Management Services

e. Business Law and Taxation

f. Auditing Problems

g. Auditing Theory

7. Meet the Standards (Open to all)

a. Philippine Financial Reporting Standards


2

REQUIREMENTS

1. Each Local Chapter has the prerogative to choose a maximum of three

contestants competing individually for each quiz.

2. Each representative may opt to join a maximum of three quiz bees.

3. Each Local Chapter must comply with the following requirements in SOFT

COPY only:

a. Duly accomplished application form.

b. Endorsement Letter signed by the Local Chapter Vice President for

Academics and Local Chapter President, noted by their Adviser.

(PDF File)

c. Scanned copy of registration form in his respective school certifying

that he is currently enrolled in their school’s current semester.

4. All requirements must be sent to [email protected] on or before

September 15, 2012.

5. The final and official list of participants will be released on September 16,

2012 on the official Facebook account of NFJPIA – Region 02 Council

(www.facebook.com/nfjpia02).

6. Walk-in contestants shall not be allowed to join the competition.

CONTEST RULES AND MECHANICS (GENERAL)

1. Questionnaire Distributors (QDs) shall be composed of the NFJPIA –

Region 02 Council Executive Officers and Standing Committees.

2. The Board of Judges shall be composed of Certified Public Accountants

for the purpose of giving an intelligent and independent decision.

3. Any member of the Board of Judges and Questionnaire Distributors shall

be vested with the power to give sanction to any contestant he/she has

witnessed violating any of the said provisions in this Implementing Rules &

Regulations. The violation called by any of the Questionnaire Distributors,

to be valid and effective, must be subject for approval of majority vote

of the Board of Judges. But if one of the members of the Board of

Judges calls the violation, it is deemed as valid and effective.

4. In case there is a violation called by the authority, announcement of

such should be addressed after announcing the contestants who got

the correct answer.

5. The Board of Judges shall have the sole and exclusive authority to clear

or answer any protest/clarification made by the contestant or

respective coach. The Board of Judges’ decision is final and irrevocable.

6. The Local Chapter is privileged to have one (1) registered coach only

per competition. The coach must register and sign in the provided

registration sheet by the Standing Committee for Academics during the

registration on the first day of the MYC 2012 or before the start of

mailto:[email protected]

http://www.facebook.com/nfjpia02


3

competition. Once the quizmaster starts reading the first question in the

easy sub-set round, the registration for Local Chapter coach will be

closed. Thus, any concern, protest, or clarification made by an

unregistered coach will not be entertained by the Board of Judges.

7. The contestant and his registered coach are the only persons who have

vested rights to raise protest and clarification.

8. Each participant is only allowed to compete in a maximum of three quiz

bowls.

9. Each participant must be in smart casual attire. Participants who shall

violate this guideline shall be disqualified.

10. Before proceeding to the next question, there will be an allotted time of

five seconds for the contestants to decide whether they want to raise a

protest/clarification, to request for new marker, pen or scratch paper, to

change their calculator if it encounters a technical problem, or other

concerns. After the allotted time has elapsed and the quizmaster starts

reading the next question, no more protest, clarification, or concern will

be entertained.

11. Any contestant caught cheating is considered disqualified in the

competition.

12. All theory questions and problems requiring computation will be read

once.

13. After reading the contest rules and mechanics, contestants are given

the chance to raise question/clarification regarding the said rules and

mechanics.

14. These general contest rules and mechanics are applicable for both

elimination and final round.

15. In case of any concern, clarification, or protest which is not governed by

the Implementing Rules and Regulations (IRR), the Regional Vice

President for Academics shall have the absolute power to decide, upon

consultation to the Board of Judges and/or the Regional Adviser, on

matters which he deems necessary to preserve and protect the integrity

of the event. His decision is final and irrevocable.

CONTEST RULES AND MECHANICS (Elimination Round)

1. These contest rules and mechanics shall govern the conduct of CAT CUP

Series, SGV Cup 2012, Meet the Standards, Partnership and Corporation

Accounting Quiz and Finance and Economics Quiz.

2. The Elimination Round is divided into three levels – Easy, Average, and

Difficult.

3. Corresponding points, time allotment, and number of questions are as

follows:


4

EASY AVERAGE DIFFICULT CLINCHER

THEORY PROBLEM 10

SECONDS

10

SECONDS

10

SECONDS

10

SECONDS

PROBLEM REQUIRING

COMPUTATION

15

SECONDS

30

SECONDS

45

SECONDS

20

SECONDS

NO. OF ITEMS 5 5 5 -

CORRESPONDING POINTS 2 3 5 -

4. Contestants are advised to be at the designated place fifteen (15)

minutes before the scheduled time of the competition. A contestant is

considered late when he is not present in his designated seat when the

quizmaster starts reading the 1st question in the easy sub-set round. Late

contestant/s shall be deducted fifteen (15) points from their total score

garnered during the quiz bee.

5. Contestants are provided with a copy of the question for every item. The

moment the quizmaster announces the question number that would be

the only time the contestant may read and answer the provided question.

Any contestant who violates the said provision for the second time shall

be given sanction of ten-point-deduction from his total score. Violation of

this provision for the third time shall mean a deduction of fifteen (15)

points from the total score. Violation of this provision for the fourth time

shall mean disqualification of the contestant.

6. The contestants are allowed to manipulate their calculator only when the

quizmaster says “GO!” Any contestant who violates the said provision for

the second time shall be given sanction of ten-point-deduction from his

total score. Violation of this provision for the third time shall mean a

deduction of fifteen (15) points from the total score. Violation of this

provision for the fourth time shall mean disqualification of the contestant.

7. The contestants should have written their answers before the time allotted

has elapsed. They must raise their answer boards once the quizmaster

declares so. Any contestant who fails to comply will receive a warning

and his answer may be forfeited depending upon the decision of the

Board of Judges.

8. The Elimination Round will determine the TOP 10 contestants who shall

advance to the Final Round. In case of a tie in the ranking of TOP 10,

clincher question shall be given until the deadlock is broken.

CONTEST RULES AND MECHANICS (Final Round)

1. These contest rules and mechanics shall govern the conduct of CAT CUP

Series, Meet the Standards, Partnership and Corporation Accounting Quiz

and Finance and Economics Quiz.

2. All points accumulated during the Elimination Round shall revert to zero.


5

3. Thirty questions shall be asked during this round.

4. Corresponding points, corresponding point deduction, time allotment,

and number of questions are as follows:

THEORY PROBLEMS

TIME ALLOTMENT 20 60

NUMBER OF ITEMS 15 15

CORRESPONDING POINTS 7 10

CORRESPONDING DEDUCTION 3 5

5. For a contestant who gave an incorrect answer, there will be a

corresponding point deduction depending upon the nature of the

question as stated in CONTEST RULES AND MECHANICS (Final Round) NO. 4.

Negative points shall be rewarded to the participant who has gained no

score and provided a wrong answer.

6. The contestants are allowed to manipulate their calculator at any

moment they opted to, provided, only when the quizmaster starts to read

the first word in the problem.

7. The contestant may answer the question at any moment even if the

quizmaster is still on the course of reading the question. Provided that

before he presses the buzzer, his answer must be reduced to writing.

Otherwise, his answer is deemed null and void.

8. The contestant who will press the buzzer first will get the chance to answer.

This round provides one chance of steal. The first contestant who answers

the question correctly will earn the corresponding points for that question.

In case of a steal, an incorrect answer and/or void answer will have a



9. In order to win the game, participants must reach the top of the NFJPIA

Pyramid. The first, second and third contestant who reached the TOP of

the Pyramid will be declared the CHAMPION, 1st Runner Up and 2nd

Runner Up, respectively.

10. In the event that no one reaches the top of the NFJPIA Pyramid at the

end of the game, the accumulated scores shall be the basis in

determining the winners. In case of a tie, a clincher question shall be

asked until the deadlock is broken.


6

CONTEST RULES AND MECHANICS (Final Round)

1. These contest rules and mechanics shall govern the conduct of SGV CUP

2012.

2. All points accumulated during the Elimination Round shall revert to zero.

3. Corresponding points, corresponding point deduction, time allotment,

and number of questions are as follows:

EASY AVERAGE DIFFICULT CLINCHER

THEORY PROBLEMS 10

SECONDS

10

SECONDS

10

SECONDS

10

SECONDS

PROBLEMS WITH

COMPUTATION

20

SECONDS

40

SECONDS

60

SECONDS

30

SECONDS

CORRESPONDING POINTS 10 15 20 0

CORRESPONDING

DEDUCTION 2 3 5 -

4. Each item is named after the different industries where SGV & Co.

provides their services. The questions are randomly assigned to each of

the different industries. The industries are as follows:

Asset Management Asset Management Asset Management

Consumer Products Consumer Products Consumer Products

Oil & Gas Oil & Gas Oil & Gas

Technology Technology Technology

Automotive Automotive Automotive

Gov’t. & Public Sector Gov’t. & Public Sector Gov’t. & Public Sector

Pharmaceutical Pharmaceutical Pharmaceutical

Telecommunications Telecommunications Telecommunications

Banking/Capital Market Banking/Capital Market Banking/Capital Market

Insurance Insurance Insurance

Power & Utilities Power & Utilities Power & Utilities

Biotechnology Biotechnology Biotechnology

Media & Entertainment Media & Entertainment Media & Entertainment

Real Estate Real Estate Real Estate

5. The following service boards are named after the different services

provided by SGV & Co. in the corporate world.


7

Assurance

Tax

Advisory

Transaction

Advisory

A1 B1 C1 A1 B1 C1 A1 B1 C1 A1 B1 C1

A2 B2 C2 A2 B2 C2 A2 B2 C2 A2 B2 C2

A3 B3 C3 A3 B3 C3 A3 B3 C3 A3 B3 C3

6. The privilege to choose the first question is given to the quizmaster. The

contestant who will answer the first question correctly shall have the right

to choose the next question, and so on. Before reading the next question,

the contestant who answered the last question correctly must choose a

space on the service board where a mark will be placed. In case no

contestant got the correct answer on a particular question, an “X” mark

will be placed and will serve as a roadblock. Therefore, the space may no

longer be used for creating a pattern.

7. For a contestant who gave an incorrect answer, there will be a



Negative points shall be rewarded to the participant who has gained no

score and provided a wrong answer.

8. The contestants are allowed to manipulate their calculator at any

moment they opted to, provided, only when the quizmaster starts to read

the first word in the problem.

9. The contestant may answer the question at any moment even if the

quizmaster is still on the course of reading the question. Provided that

before he presses the buzzer, his answer must be reduced to writing.

Otherwise, his answer is deemed null and void.

10. The contestant who will press the buzzer first will get the chance to answer.

This round provides one chance of steal. The first contestant who answers

the question correctly will earn the corresponding points for that question.

In case of a steal, an incorrect answer and/or void answer will have a



11. In this round, there will be three diamonds which are hidden and each are

randomly assigned to the different items shown above. The diamond will


8

serve as a bonus of 3 points. This bonus is exclusive for the contestant who

picked the item and answered it correctly. At the same time, this

diamond will serve as a special power by assigning a mark on the service

board where other contestant already occupied the space or even on

the space marked with an “X”. The contestant may opt to utilize right

away or reserve the diamond on future questions as long as that

contestant arrives at the correct answer.

12. The following patterns will determine the winners. The first, second, third,

fourth and fifth participants who will create any of the patterns will be

declared CHAMPION, 1st Runner Up, 2nd Runner Up, 3rd Runner Up and 4th

Runner Up, respectively.

13. In the event that no one creates a winning pattern at the end of the

game, accumulated scores shall be the basis in determining the winners.

In case of a tie, a clincher question shall be asked until the deadlock is

broken.


9

1st Case Study Competition

GENERAL GUIDELINE

The 1st Case Study Competition in the Regional MYC is open for application to

all Bachelor of Science in Accountancy students who are bona fide members of

NFJPIA-Region 02 Council FY 2012-2013.

REQUIREMENTS

1. Each Local Chapter has the prerogative to choose a team of three

members that will represent their college or university.


COPY only:


b. Endorsement Letter signed by the Local Chapter Vice President

for Academics and Local Chapter President, noted by their

Adviser. (PDF File)

c. Scanned copy of registration form in his respective school

certifying that he is currently enrolled in their school’s current

semester.


September 15, 2012.





CONTEST RULES AND MECHANICS (ELIMINATION ROUND)

1. Participants are required to dress appropriately while participating in the

competition.

2. All the case materials will be provided such as the case scenario.

Participants are not allowed to bring their own materials except for

calculators, laptops (without internet connection), dictionary and one

reference book.

3. The case analysis must be typed using double-spacing; no hand written

material of any sort will be accepted. All reports must be written in




10

Century Gothic, 12pt. font size. A margin of at least 2.54 cm (1 inch) must

surround the text. Use short bond paper.

4. All case reports shall present the following:

I. Time Context

II. Point of View

III. Main Problem

IV. Secondary Problems

V. Objective

VI. Areas of Consideration (SWOT Analysis)

VII. Alternative Courses of Action

VIII. Decision Criteria

IX. Recommendations

5. The case report must attach a title page, which includes the name of the

institution and the names of the team members.

6. All reports (in PDF file ONLY) must be saved in a flash disk that contains no

other files other than the case report.

7. The following criteria shall be used to evaluate the case study:

Skill demonstrated in conceptualizing and analyzing the case 30%

Use of pertinent literature and best practices 30%

Overall quality of case report 40%

TOTAL 100%

8. Only five teams among all the participating teams will proceed to the

final round.

CONTEST RULES AND MECHANICS (FINAL ROUND)

1. In order to determine the TOP 3, the participants will present their report

for 10 minutes and there will be 15 minutes for the question and answer

portion.

2. The following criteria shall be used to evaluate the case study:

Skill demonstrated in conceptualizing and analyzing the case 15%

Use of pertinent literature and best practices 15%

Ability to defend a particular decision or strategy 30%

Overall quality of presentation 40%

TOTAL 100%


11

1st JPIA Officers Pasiklaban

GENERAL GUIDELINE

The 1st JPIA Officers Pasiklaban in the Regional MYC is open for application to all

Bachelor of Science in Accountancy students who are officers of their Local

Chapter, provided that their Local Chapter is affiliated with NFJPIA-Region 02

Council FY 2012-2013.

REQUIREMENTS

1. Each Local Chapter has the prerogative to choose a team of three

members with the Local Chapter President as TEAM CAPTAIN with two

Vice Presidents as TEAM MEMBERS.


COPY only:


b. Endorsement Letter signed by the Local Chapter Vice President for

Academics and Local Chapter President, noted by their Adviser.

(PDF File)

c. Scanned copy of registration form in his respective school certifying

that he is currently enrolled in their school’s current semester.


September 15, 2012.





CONTEST RULES AND MECHANICS (General)

1. The 1st JPIA Officers Pasiklaban is divided into two rounds namely – Talent

Competition and Wits Competition.

2. The TOP 4 performers in the Talent Competition round shall advance to

the Wits Competition round.

3. The Talent Competition round shall be done on the first night of the

Convention. The Wits Competition round, on the other hand, shall be

done on the second night.




12

4. The criteria for Talent Competition round shall be provided by the

Regional Vice President for Non-Academics.

CONTEST RULES AND MECHANICS (Final Round – Wits Competition Round)

1. The final round shall be a buzzer-type round.

2. Contestants shall be given 30 seconds for each question.

3. This round shall be a single elimination.

4. The diagram below will provide the match up:

5. The team who gets two correct answers in the first match up shall win the

first match up.

6. The team who gets two correct answers in the second match up shall win

the second match up.

7. The winners of the first match up and second match up shall advance to

the final match up.

8. The first team who gets five correct answers in the final match up shall win

the final match up and will be declared CHAMPION. The team defeated

by the champion shall be declared Runner Up. The two other teams shall

be given recognition.

TOP 1

TOP 4

TOP 2

TOP 3

W1

W2

CHAMPION

First

Ma

tch

Up

Se

co

nd

Ma

tch

Up

Fin

al

Ma

tch

Up


13

INTERSCHOOL ACCOUNTING QUIZ COORDINATING COUNCIL

UNIVERSITY OF LA SALETTE - JUNIOR PHILIPPINE INSTITUTE OF ACCOUNTANTS

7TH DR. ANDRES CABUYADAO CUP

GENERAL CONTEST RULES AND REGULATIONS

1. The 7TH CABUYADAO CUP is open to all representatives of higher education institutions

offering BS Accountancy program within the region.

2. Each participating school is allowed to send in ONE (1) team of TWO (2) members.

3. The quiz will cover all the CPA licensure examinations subjects.

4. The quiz consists of thirty (30) questions. Ten (10) each for the following three categories:

EASY, AVERAGE and DIFFICULT. Each question has the following equivalent points: TWO

(2) points for Easy, THREE (3) points for Average, and FIVE (5) points for Difficult.

Participants will be given TEN (10) seconds and SIXTY (60) seconds to answer THEORY

QUESTIONS and PROBLEM SOLVING, respectively.

5. Participants are advised to be at the designated place FIFTEEN (15) minutes before the

time scheduled. Late participants are still allowed to participate; however, the team will

be disqualified for the questions it had missed.

6. Participants will be provided with a copy of the questions. The Quizmaster will read each

question ONCE. The timer starts after the Quizmaster says “GO”.

7. Calculators (non-programmable) are allowed and flash cards provided for the contest

will be used.

8. All points will be accumulated in all three categories. The team garnering the highest

score will be declared the winner of the 7TH CABUYADAO CUP. In case of tie, a CLINCHER

question will be drawn.

9. Clarifications regarding a particular question/problem must be addressed to the

Quizmaster before the Quizmaster starts reading the next question. Only participants are

allowed to raise the clarifications. The decision of the Quizmaster is final.

10. Any person found coaching will be forced to leave the room. Participants caught

cheating will be disqualified. The Quizmaster shall have the absolute control over the

conduct of the quiz.


14

INTERSCHOOL ACCOUNTING QUIZ COORDINATING COUNCIL

CENTER FOR ACCOUNTANCY REVIEW AND TRAINING

CART ACCOUNTING OLYMPIAD - YEAR 4


1. The CART ACCOUNTING OLYMPIAD - YEAR 4 is open to all representatives of higher

education institutions offering BS Accountancy program within the region.


3. The quiz will cover all the CPA licensure examinations subjects.












will be used.


score will be declared the winner of the CART ACCOUNTING OLYMPIAD - YEAR 4. In case

of tie, a CLINCHER question will be drawn.








15

INTERSCHOOL ACCOUNTING QUIZ COORDINATING COUNCIL NATIONAL FEDERATION OF JUNIOR PHILIPPINE INSTITUTE OF ACCOUNTANTS – REGION 02

THE 4TH ARTHUR SONDAY III CUP


1. The 4TH ARTHUR SONDAY III CUP is open to all representatives of higher education

institutions offering BS Accountancy program within the region.


3. The quiz will cover financial accounting and reporting, management services, assurance

services and auditing, finance and economics, business law and taxation, and current

issues.












will be used.


score will be declared the winner of the 4TH ARTHUR SONDAY III CUP. In case of tie, a

CLINCHER question will be drawn.







-end-

Documents

Final IRR for Academic Events