RESOLUTION NO.

3, SERIES 2010

IMPLEMENTING RULES AND REGULATIONS (IRR)

IN THE CONDUCT OF THE

2011 NATIONAL CPA MOCK BOARD EXAMINATION

IRR 1.0 IRR 1.1 GENERAL GUIDELINES The National CPA Mock Board Examination is a nationwide-simultaneous event to be conducted by region across the country. The National CPA Mock Board Examination is open for application to students, preferably graduating students, who are enrolled in a BS in Accountancy Program. The aspiring examinee for this event must be at least a 3rd year level of a 4-year course, 3rd year level of a 3-year course, or a 4th year level of a 5-year course.

IRR 1.2

IRR 1.3

IRR 2.0 IRR 2.1

REQUIREMENTS Each examinee must comply with the following requirements (hardcopy): Duly accomplished application form from the Office of the National Vice-President for Academics (downloadable at nfjpia.yolasite.com and nfjpia1011.multiply.com). 1x1 ID picture (picture must be attached to the registration form). Photocopy of school I.D. Photocopy of recent registration/enrollment form.

IRR 2.2 IRR 2.3

All of the listed requirements must be placed in a short brown envelope. The examination fee to be charged to the examinees is one hundred twenty pesos (P120.00).

IRR 3.0 IRR 3.1

LOCAL CHAPTER (LC) PRE-REGISTRATION GUIDELINES Each aspiring examinee, must pre-register with his LC in his respective school. An examinee must fill-in the necessary information in the provided pre-registration sheet (softcopy) by the NFJPIA. Also, the examinee must pay the examination fee to his respective LC once he pre-registered himself. No Refund policy will be strictly implemented. All the hardcopy requirements must be submitted to the LC on or before February 5, 2011. The pre-registration period starts on January 03, 2011 and will end on February 5, 2011. Only those aspiring examinee who pre-registered is allowed to take the CPA mock board examination.

IRR 3.2

IRR 3.3

IRR IN THE CONDUCT OF THE NATIONAL CPA MOCK BOARD EXAMINATION

RESOLUTION NO. 3, SERIES 2010

IRR 3.4 The softcopy of pre-registration information and the collection of examination fee by the LC must be sent to their respective Regional Council for consolidation purposes on or before February 9, 2011. All the LCs is highly encourage to abide with the given deadline of the pre-registration procedures for the purpose of supplying sufficient number of test papers and questionnaires for the examinee per region.

IRR 3.5

IRR 4.0 IRR 4.1

REGIONAL COUNCIL (RC) PRE-REGISTRATION GUIDELINES The RC must secure the pre-registration sheets (softcopy), requirements of the examinees (hardcopy), and collection of examination fee from the LCs on or before February 9, 2011. The RC must send a confirmation as to the number of pre-registered examinees as of February 10, 2011 to the assigned NFJPIA proctor in your RC and must deposit at the same time the collection of fee remitted by the LC to the NFJPIA bank account on or before February 12,2010. The Regional Vice-President for Academics must assure that all the requirements mentioned above are met. He must submit all the hardcopy requirements of the examinees to the proctor to be sent by NFJPIA during the examination day.

IRR 4.2

IRR 4.3

IRR 5.0

DATES AND SCHEDULE OF EXAMINATION February 26, 2011 (Saturday) 7:30 am 9:30 am 9:30 am 9:45 am 9:45 am 12:45 pm 12:45 pm 1:30 pm 1:30 pm 4:30 pm 4:30 pm 4:45 pm 4:45 pm 6:45 pm Theory of Accounts 15-minute Break Business Law and Taxation Lunch Break Management Advisory Services 15-minute Break Auditing Theories

February 27, 2011 (Sunday) 9:00 am 12:00 nn 12:00 nn 12:45 am 12:45 pm 3:45 pm 3:45 pm 4:00 pm 4:00 pm 7:00 pm Auditing Problems Lunch Break Practical Accounting 1 15-minute Break Practical Accounting 2

IRR IN THE CONDUCT OF THE NATIONAL CPA MOCK BOARD EXAMINATION

RESOLUTION NO. 3, SERIES 2010

IRR 6.0 IRR 6.1 GENERAL EXAMINATION GUIDELINES Schedule of the 2010 NFJPIA CPA Mock Board Examination was patterned on the actual CPA Board Examination and will be strictly followed. Examinees are expected to be at the venue at least 1 hour before the official starting time. This is for the confirmation of their registration and inspection of calculators. Late comers are not allowed to take the examination of the subject he failed to attend on time with. Hence, he will be allowed to take the next subject that follows. Examinees should observe proper behavior during examination proper. Talking, and/or asking to seatmates are strictly prohibited. Any questions/clarifications must be addressed directly to the proctor. Any examinee caught cheating will make the examinees test null and void. An examinee shall sign the attendance sheet every subject he takes. Make sure to properly sign on the attendance sheet after each examination session. Only calculators allowed by PRC (non-programmable calculators) are allowed to be used. Proctors are expected to inspect the examinees calculators before the examination starts. The list of allowed calculators is enumerated below: Allowable Calculators Examinees shall be allowed to bring in and use ONLY any of the following calculators that were identified as non-programmable (PRC Memorandum Circular No. 2002-24 dated September 27, 2002). Casio Standard Scientific Calculators Fx82TL Fx350TL Fx350TLG FX570MS Fx911W Fx100W Fx115W Fx991MS Fx570W Fx991W Fx992S Fx115MS Fx992 Fx122S Fx901 Fx100Ms Fx65 Fx500A Fx95 Fx95MS

IRR 6.2

IRR 6.3

IRR 6.4

IRR 6.5 IRR 6.6

IRR 6.7

Casio Standard Calculators (phased-out, still allowed to be used in the examinations) Fx260 Fx520G Fx991S Fx82Super Fx570AD Fx85S Fx506M Fx509G Fx992VB Fx82SX Fx300W Fx100S Fx506G Fx825X Fx824 Fx82LB Fx300SA Fx570S Fx451M Fx580D Fx75 Fx82 Fx350HB Fx546D Fx100D Fx580 Fx115S Fx509D Fx350HA Fx531LH Fx991H Fx401 Fx115D Fx546L Fx531GH

Sharp Calculators Non-Programmable EL-506V EL-506P EL-509D EL-510R EL-531VH EL-531G EL-546L EL-520V EL-520G EL-501V EL-509V

IRR IN THE CONDUCT OF THE NATIONAL CPA MOCK BOARD EXAMINATION

RESOLUTION NO. 3, SERIES 2010

Other Brands TL30XS AURORA 2512 AURORA

Calculators whose brand and identifying mark do not appear in the list above provided shall be prohibited in the examinations. For other Allowed Calculators please visit PRC ther WEBSITE http://www.prc.gov.ph/articles.asp?sid=31&aid=3390 IRR 7.0 EXAMINATION SUMMARY Below is the summary of the number of items and corresponding time allotment for each of the CPA Board subjects. SUBJECT Auditing Theory Auditing Problems Business Law and Taxation Management Advisory Services Practical Accounting I Practical Accounting II Theory of Accounts NO. OF ITEMS 100 50 70 70 50 50 100 TIME ALLOTED 2 hours 3 hours 3 hours 3 hours 3 hours 3 hours 2 hours

JOHN PAULO O. TANGI National Vice President for Academics National Federation of Junior Philippine Institute of Accountants Federation Year 2010 - 2011

IRR IN THE CONDUCT OF THE NATIONAL CPA MOCK BOARD EXAMINATION ONDUCT