NATIONAL FEDERATION OF JUNIOR PHILIPPINE INSTITUTE OF ACCOUNTANTS

THE ORGANIZATION OF ACCOUNTANCY STUDENTS IN CENTRAL LUZON Federation Year 2013 – 2014 “R3: Reaching Greater Heights – Celebrating Three Decades of Unifying and Empowering the JPIAn Spirit”

REGION III COUNCIL

IMPLEMENTING RULES AND REGULATIONS IN THE CONDUCT OF THE ACADEMIC EVENTS IN THE 17th REGIONAL MID YEAR CONVENTION

REVISION HISTORY: Version No. 1 2 Date 5/03/2012 5/18/2013 Revised By Niño Jerald M. Cruz Francis Xaiver W. Ferrer Approved By Matthew U. Gopez Zheena E. Ocampo Noted By Conrad Allan M. Alviz Conrad Allan M. Alviz Details Initial Issue

Implementing Rules and Regulations – Academic Events in the 17th Regional Midyear Convention National Federation of Junior Philippine Institute of Accountants Region III Council

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.... 7 FINAL ROUND “NFJPIA-R3 PYRAMID” ................................................................................................... 12 Implementing Rules and Regulations – Academic Events in the 17th Regional Midyear Convention National Federation of Junior Philippine Institute of Accountants Region III Council Page 2 of 13 ...................... 5 REQUIREMENTS .............................................. 5 ACADEMIC QUIZ BEES ................................................................................................................................3 OBJECTIVES............................ 9 NFJPIA-R3 1st MAS CASE STUDY COMPETITION .................................................................................................................................................................................. 12 REPEALING CLAUSE ........................................................................................... 11 REVOLVING CUP .....................................6 QUALIFYING ROUND ........................................................................................................................................................................................................................................................................................................................... 7 DETERMINATION OF TOP THREE FINALISTS ................................................................................................................................................................................................................... 11 CAT REVOLVING CUP ................................................................ 12 ENFORCEMENT OF THE IMPLEMENTING RULES AND REGULATIONS ................................................................................ 12 SGV & Co................................................................................... 12 SEPARABILITY CLAUSE .............................................................................................................................................................................................................................. 12 AMENDMENTS OR REVISIONS....................................................................9 PRELIMINARY ROUND .....................................................................................................................................................................................................................................................................................................................................9 CONTEST RULES AND MECHANICS .................... 6 ELIMINATION ROUND ........................ 9 GENERAL ................................................................................................................................................................................................................................................................................4 QUALIFICATIONS .....................................................................3 GENERAL GUIDELINES ..................... 12 EFFECTIVITY............................................................................................................................................................................ 11 POINTING SYSTEM OF ACADEMIC EVENTS TO DETERMINE THE OVERALL RANKING .................................................................................................................................................................................................... 10 ORAL DEFENSE .......................................................................................................................................................................... REVOLVING CUP............................................................................................................................................................................................................................................................................................................................................................ 6 GENERAL ........................................... 6 CONTEST RULES AND MECHANICS ....................................................................................................................................................................................... 3 COVERAGE AND ELIGIBILITY .................................................NATIONAL FEDERATION OF JUNIOR PHILIPPINE INSTITUTE OF ACCOUNTANTS THE ORGANIZATION OF ACCOUNTANCY STUDENTS IN CENTRAL LUZON Federation Year 2013 – 2014 “R3: Reaching Greater Heights – Celebrating Three Decades of Unifying and Empowering the JPIAn Spirit” REGION III COUNCIL TABLE OF CONTENTS BACKGROUND ..........................................................................

Meet the Standards  NFJPIA. this event will help the organization in its search for outstanding academic performers. GENERAL GUIDELINES The Academic Events in the 17th RMYC shall comprise the following:  ACADEMIC QUIZ BEES A.  To allow the participants apply and develop what they have learned in their MAS subject/sas well as gain knowledge and expertise in proper presentation of management advisory reports. Auditing Theory and Problems (Punongbayan&Araullo Cup) F. Practical Accounting 2 (ReSA Cup) D.R3 1st MAS CASE STUDY COMPETITION The Academic Events in the 17th RMYC is divided into three categories:  Quiz Bee Type (First nine Academic Quiz Bees)  Written Exam with Quiz Bee Type (Meet the Standards)  Case Study Type (NFJPIA-R3 1st MAS Case Study Competition) The Academic Quiz Bee Events in the 17th RMYC shall be divided into two rounds namely: Implementing Rules and Regulations – Academic Events in the 17th Regional Midyear Convention National Federation of Junior Philippine Institute of Accountants Region III Council Page 3 of 13 .  To boost the self-confidence of the participants as they defend their assumption/s. who will represent the Region on National Conventions in which NFJPIA-R3 is an active participant. SGV & Co.  NFJPIA-R3 1st MAS CASE STUDY COMPETITION  To promote awareness to all members how an actual presentation of management advisory reports would look like in an actual set-up.  To help the participants discover their strengths and be aware their weaknesses in different board-related subjects through academic competition with the ultimate aim of maximizing the former and overcoming the latter.NATIONAL FEDERATION OF JUNIOR PHILIPPINE INSTITUTE OF ACCOUNTANTS THE ORGANIZATION OF ACCOUNTANCY STUDENTS IN CENTRAL LUZON Federation Year 2013 – 2014 “R3: Reaching Greater Heights – Celebrating Three Decades of Unifying and Empowering the JPIAn Spirit” REGION III COUNCIL BACKGROUND NFJPIA-R3 Council aims to promote academic excellence by adopting measures to foster educational advancement inthe field of Accountancy as stated in the Section 2. Cup) G. Business Law and Taxation & Management Services (Isla Lipana& Co. is open to all Local Chapters across the region and are designed to motivate students as they acquire higher levels of knowledge. which exist to complement the academic curriculum. OBJECTIVES  ACADEMIC QUIZ BEES:  To promote academic excellence to all members by expanding their knowledge and understanding of the accountancy profession through academic competitions. Cup Presents:  Battle for Supremacy  Search for the Basic Accounting Wizard C. Article IV of the 2012 Constitution and By-Laws of the National Federation of Junior Philippine Institute of Accountants – Region 3. Practical Accounting 1 (ManabatSanagustin& Co. analysis and recommendation/s to the panel of judges regarding a particular MAS Topic. Moreover.  To allow the participants to learn new techniques in answering questions in the shortest possible time as well as handling time pressure which will serve as preparation for the actual CPA board examination.  To allow the participants to assess their current academic standing as compared with the other JPIAns across the region. Cup) E. CAT CUP Level-Up:  CAT Cup Level 1  CAT Cup Level 2  CAT Cup Level 3 B. The Academic Events in the 17th Regional Mid Year Convention (RMYC).

NATIONAL FEDERATION OF JUNIOR PHILIPPINE INSTITUTE OF ACCOUNTANTS THE ORGANIZATION OF ACCOUNTANCY STUDENTS IN CENTRAL LUZON Federation Year 2013 – 2014 “R3: Reaching Greater Heights – Celebrating Three Decades of Unifying and Empowering the JPIAn Spirit” REGION III COUNCIL  Elimination Round  Final Round (NFPIA-R3 Pyramid) The NFJPIA-R3 1st MAS Case Study Competition in the 17th RMYC shall be divided into two rounds namely:  Preliminary Round  Oral Defense COVERAGE AND ELIGIBILITY The table below shows the topics covered for each academic competition and who are eligible to join each competition. he/she cannot join the other. To realize higher Participation Rate (PR) with respect to total number of delegates.(Please refer to the labels shown below the table) ACADEMIC COMPETITION * CAT Cup Level 1 COVERAGE  Basic Accounting  Financial Accounting   Cost Accounting  Management Advisory Services  Payroll Accounting  Taxation WHO CAN JOIN Open to all year levels **CAT Cup Level 2 Open to all year levels ***CAT Cup Level 3 Open to all year levels Practical Accounting 2 (ReSA Cup) * Practical Accounting 1 (ManabatSanagustin& Co. Cup: Open only to 1st and 2nd Search for the Basic Accounting  Basic Accounting Year Wizard  Partnership and Corporation Implementing Rules and Regulations – Academic Events in the 17th Regional Midyear Convention National Federation of Junior Philippine Institute of Accountants Region III Council Page 4 of 13 . events marked with asterisk are mutually exclusive events. This means that if contestants choose to be part of the first event. Cup : Battle for Supremacy         Open only to 4th and 5th Year SGV & Co. Cup) Auditing Theory and Problems (Punongbayan&Araullo Cup)  Practical Accounting 2 Open only to 4th and 5th Year Open only to 3rd Year Open only to 4th and 5th Year  Practical Accounting 1  Auditing Theory  Auditing Problems  Management Advisory Services  Business Law  Taxation Theory of Accounts Practical Accounting 1 Practical Accounting 2 Management Advisory Services Business Law Taxation Auditing Theory Auditing Problems **MAS and BLT (Isla Lipana& Co. Cup) Open only to 4th and 5th Year ***SGV & Co.

(signed by the JPIA President. For NFJPIA-R3 1st MAS Case Study Competition.xlsx) (File name of each AAF must be the name of the contestant starting with his/her surname. 2. REQUIREMENTS 1. each Local Chapter is allowed to send three contestants that will compete as a group. followed by his/her given name and middle name)  Master list of all Academic Event contestants (in prescribed MS Excel format) (Please see Masterlist Academic Competitions (RMYC). (signed by the JPIA President.NATIONAL FEDERATION OF JUNIOR PHILIPPINE INSTITUTE OF ACCOUNTANTS THE ORGANIZATION OF ACCOUNTANCY STUDENTS IN CENTRAL LUZON Federation Year 2013 – 2014 “R3: Reaching Greater Heights – Celebrating Three Decades of Unifying and Empowering the JPIAn Spirit” REGION III COUNCIL Accounting Meet the Standards  Philippine Financial Reporting Standards (PFRS)  Philippine Accounting Standards (PAS) Open to all  International Financial Reporting and Interpretations Committee (IFRIC) Pronouncements  Selected MAS Topics:  Short-Term Decision Making  Operating and Financial NFJPIA-R3 1st MAS Case Study Budgeting Competition  Working Capital Management  Financing Decisions  Capital Budgeting Open only to 4th and 5th Year * These TWO (2) events will require TWO (2) entirely different sets of participants. Each Local Chapter must submit the following requirements (in softcopy only):  Duly accomplished Academic Application Form (AAF) for each contestant per Academic Event with 2X2 Picture in Corporate Attire and White Background(in prescribed MS Excel format) (Please see Application Form . wherein each registered delegate of the 17th RMYC could join the competition. 4.Academics (RMYC). QUALIFICATIONS 1. 3.  A scanned copy of the Endorsement Letter of all contestants of the Academic Events. JPIA Adviser. Each contestant can only participate in at most three Academic Events. The Academic Events in the 17th RMYC is open to all bona fide members of the NFJPIA-R3 FY 2013–2014 and registered delegate of the 17th RMYC. Department Head/Dean or School Registrar) Implementing Rules and Regulations – Academic Events in the 17th Regional Midyear Convention National Federation of Junior Philippine Institute of Accountants Region III Council Page 5 of 13 . *** These TWO (2) events will require TWO (2) entirely different sets of participants. JPIA Adviser.xlsx). Each Local Chapter is only allowed to send a maximum of three contestants in each Academic Quiz Bee that will compete individually except for the CPAR Meet the Standards (Elimination Round). (Including Meet the Standards). Dean/Program Chairperson)  A scanned copy of certification that all contestants of the Academic Events are Accountancy students and are bona-fide MEMBERS of the Local Chapter. ** These TWO (2) events will require TWO (2) entirely different sets of participants. The DEFENDING CHAMPION of a particular Academic Event can no longer participate in the same event.

The written examination shall consist of fifty (50) questions and shall be answered by the contestants within ONE hour. Implementing Rules and Regulations – Academic Events in the 17th Regional Midyear Convention National Federation of Junior Philippine Institute of Accountants Region III Council Page 6 of 13 . 4. The Regional Council shall have the exclusive power to interpret the provisions of the IRR and shall be vested with the power to give sanctions to any contestant who shall violate any provisions in this IRR. Should there be any ambiguity encountered by any party. clarifications. Only the protests/clarifications of the contestants shall be entertained. After the allotted time has elapsed.  Failure to do such would invalidate the substitution of contestants. it shall no longer be entertained. the Regional Council shall have the absolute power and sole authority to decide and interpret the implementing rules and regulations of the RMYC Regional Academic League. or any concerns shall no longer be entertained. Any contestant who will be caught cheating shall be automatically disqualified in the competition. contestants are given the chance to raise questions/clarifications. VP Academics) who shall act as Liaison Officer. 3. 3. The Liaison Officer shall perform the following functions:  Shall act as the main contact of the Regional Vice President for Academics in the Local Chapter. thus. 5.  The Liaison Officer may not be substituted by any Local Chapter Officer or member. Change of contestants for any of the Academic Events shall be allowed provided that it shall be communicated to the Regional Vice President for Academics at least ONE WEEK before the said event and must comply with the following requirements:  Duly Accomplished Substitution Form (in prescribed MS Excel format)  Fully Accomplished AAF in accordance with Requirement 1. Otherwise. protest. or to raise any other concerns. complaints and questions to the Academic Committee. The following guidelines must be observed in sending the requirements:  Each Academic event must have a respective file folder containing duly accomplished AAF of each contestant.  All requirements must be properly zipped (e. clarification. ink pen or scratch paper.rar” or “. 9. to request for new marker. All the requirements listed above must be sent via email to: nfjpiar3. Each Local Chapter must select and appoint a representative (e.  The bonafide person allowed to raise concerns. Before proceeding to the next question. the quizmaster shall read the next question.g. 4. “. upon consultation with the Regional Adviser. to change their calculator if it encounters a technical problem. on matters which he deems necessary to preserve and protect the integrity of the event. In the QUALIFYING ROUND.NATIONAL FEDERATION OF JUNIOR PHILIPPINE INSTITUTE OF ACCOUNTANTS THE ORGANIZATION OF ACCOUNTANCY STUDENTS IN CENTRAL LUZON Federation Year 2013 – 2014 “R3: Reaching Greater Heights – Celebrating Three Decades of Unifying and Empowering the JPIAn Spirit” REGION III COUNCIL 2. After reading the contest rules and mechanics.com on or before ________________. such should be addressed on a timely basis. contestants shall be given written examination to determine the top 30 contestants who will qualify for the ELIMINATION ROUND. 8. 6. The judge or the board of judges shall have the sole and exclusive authority to clear or answer any protest/clarification raised by the contestants. the contestants shall be given an allotted time of five seconds to raise a protest/clarification. A judge or board of judges shall be a Certified Public Accountant for the purpose of giving an intelligent and independent decision. In case there are any concerns or protests which are not covered in this IRR. The decision of the judge or board of judges is final and irrevocable. Questions/Clarifications with respect to the IRR shall be addressed before the commencement of the event. ACADEMIC QUIZ BEES CONTEST RULES AND MECHANICS GENERAL 1.zip”)  The subject of the email must follow this format: (Local Chapter)_RMYC_Academics  In case of late submission of requirements.vpacademics1314@gmail. The decision of the Regional Council shall be final and irrevocable. there will be a corresponding 5-point deduction on the event it is related. 7. 2. QUALIFYING ROUND (ONLY FOR MEET THE STANDARDS) 1.g. 2.

In case of tie after the difficult round. Contestants are provided with a copy of the question for every item. all contestants should stop answering and must immediately raise the board which corresponds to their answer. he/she shall no longer be allowed to answer the questions he/she have missed. no rubber shoes). The quizmaster shall read each question ONCE. Protests or questions regarding a particular problem must be addressed to the judge or board of judges before the quizmaster starts reading the next question.NATIONAL FEDERATION OF JUNIOR PHILIPPINE INSTITUTE OF ACCOUNTANTS THE ORGANIZATION OF ACCOUNTANCY STUDENTS IN CENTRAL LUZON Federation Year 2013 – 2014 “R3: Reaching Greater Heights – Celebrating Three Decades of Unifying and Empowering the JPIAn Spirit” REGION III COUNCIL 3. On the 2nd offense. number of items and corresponding points are as follows: EASY Time allotment Theory Problem Problem requiring computation No. The top five contestants with the highest accumulated scores shall advance to the FINAL ROUND. the contestant shall be given sanction of accumulating only 50% of his/her total score garnered in all rounds. the contestant may start reading and answering the question provided. Contestants must strictly wear business attire (no maong pants. clincher questions shall no longer be given. Contestants are advised to be at the designated place at least 30 minutes before the time schedule. In case there are questions voided by the judge or board of judges. The contestants should answer each question within the time allotted. 2nd offense shall mean disqualification from the particular question while. Time allotment. clincher questions shall be given to the contestants until the deadlock is broken. When the bell rings signaling the lapse of time allotted. 13. The contestants must not flip the copy of the question until the quizmaster gives the signal to do so. 4. 11. 4. Once the next question has been distributed. In case of a tie in the ranking of the top 30 contestants. The 1st contestant who answered the question correctly shall advance to the FINAL ROUND. Contestants are only allowed to manipulate their calculators after the quiz master says “GO”. 3. 6. Certificates of participation will also be distributed upon registration. However. Contestants shall be provided with answer sheets but he/she must bring his/her own pencil (preferably Mongol #2). Contestants who do not comply with the required attire shall not be allowed to join the competition. Contestants must shade the letter which corresponds to their answers. 8. FINAL ROUND “NFJPIA-R3 PYRAMID” (FOR ALL ACADEMIC QUIZ BEES INCLUDING MEET THE STANDARDS) Implementing Rules and Regulations – Academic Events in the 17th Regional Midyear Convention National Federation of Junior Philippine Institute of Accountants Region III Council Page 7 of 13 . Contestant shall begin answering the questions when the quizmaster gives the go-signal. Late contestants are still allowed to join the competition. ELIMINATION ROUND (FOR ALL ACADEMIC QUIZ BEES INCLUDING MEET THE STANDARDS) 1. 3rd offense entails disqualification from the competition. thus subsequent appeal shall no longer be entertained. Contestants should submit their answer sheets upon the sound of the bell signifying the end of time allotted. 10. 5. Simply stated. average and difficult rounds. Warning shall be given for the 1st offense. Contestants who violate this provision will not be given any point even if he/she got the correct answer. of items Corresponding points 10 seconds 30 seconds 7 2 AVERAGE 10 seconds 45 seconds 7 3 DIFFICULT 10 seconds 60 seconds 7 5 CLINCHER 10 seconds 20 seconds - 6. the Regional Vice President for Academics shall replace the voided questions from the clincher questions. In case of tie. 12. Contestants must be properly registered and sign the attendance sheet before proceeding to the competition proper. Violation of this provision for the 3rd time shall mean disqualification of the contestant from the competition. 7. qualifiers for the elimination round could exceed 30 contestants. 7. clincher questions shall be given until the deadlock is broken. Any contestant who violates the said provision shall be given a warning for the 1st offense. 2. The Regional Vice President for Academics may extend time prescribed depending on the complexity of the question. the decision of the panel of judges shall be final and irrevocable. 5. After the quizmaster announces the question number. 9. The ELIMINATION ROUND shall be comprised of three rounds namely: Easy.

The top five contestants from the elimination round shall advance in the final round. explorer (easy). The other contestant who shall steal can only start pressing the buzzer after the quizmaster declared the answer of the 1st contestant as incorrect. Each contestant will be given a chance to pick a question but in a specified order. and corresponding deductions are as follows: EASY Time Allotment Theory Problem requiring computation No. 10. in case of a tie. After picking a question. However. Contestants are advised to be careful in giving answers since questions in a specific level were limited. Even if a contestant has no points at the time a particular question was incorrectly answered. 13. This round shall test the speed and strategy of the contestant to answer the questions using a buzzer. All points of the contestants from the elimination round shall revert to zero. whether it was answered correctly or incorrectly. thus. point deductions shall still be given. 12. Then. The goal of each contestant is to reach the top of the pyramid by answering at least one question per level consecutively. Therefore. he/she may advance to the next stage until he/she reaches at the top of the pyramid. However. only one contestant has the chance to steal. negative points shall be given. after correctly answering an easy question. which consist of 12 easy. There shall be a corresponding points added to the score of each contestant per correct answer and will move up to the next level. 14. However. 2. number of items. which consist of neophyte (base). the answer shall be deemed as null and void. the next contestant will now have the chance to pick a question. Otherwise. corresponding points. The apt title of the game is “NFJPIA-R3 PYRAMID”. 3. alphabetical order of Local Chapters would be the basis who would pick a question first. and once exhausted. pathfinder (average) and navigator (difficult). a contestant will be given a badge signifying that he/she achieved a particular stage. contestant/s who was/were not able to surpass the level. 9. The pyramid has four stages. Questions may be thrown in a multiple choice or identification type. The 1st contestant who pressed the buzzer shall get the chance to answer the question. Implementing Rules and Regulations – Academic Events in the 17th Regional Midyear Convention National Federation of Junior Philippine Institute of Accountants Region III Council Page 8 of 13 . 7. The FINAL ROUND is a buzzer-type round. 6. will lose his/her succeeding turns and chance to answer succeeding questions. provided that before pressing the buzzer. explorer stage is a prerequisite of pathfinder stage while pathfinder stage is a prerequisite of navigator stage. Contestants can flip their copy of the question and manipulate their calculators after the quizmaster announces the question number. Therefore. once the contestant gave an incorrect answer. 10 average and 8 difficult questions respectively.NATIONAL FEDERATION OF JUNIOR PHILIPPINE INSTITUTE OF ACCOUNTANTS THE ORGANIZATION OF ACCOUNTANCY STUDENTS IN CENTRAL LUZON Federation Year 2013 – 2014 “R3: Reaching Greater Heights – Celebrating Three Decades of Unifying and Empowering the JPIAn Spirit” REGION III COUNCIL 1. or whoever answered the question. of items Corresponding points Corresponding deductions 10 seconds 20 seconds 12 10 5 AVERAGE 10 seconds 40 seconds 10 20 10 DIFFICULT 10 seconds 60 seconds 8 30 15 CLINCHER 10 seconds 20 seconds - 8. Using abbreviations are strictly prohibited. he/she could answer it provided that they were on the same level. he/she must not pick a question of a specific stage without passing its prerequisite. If the 1st contestant answered the question incorrectly. 4. 15. the answer must be already be reduced to writing and the right term or digits are legibly written on the board. even if other contestants pick the question. Time allotment. 11. 5. There shall be given point deductions for every incorrect answer and will move down a level lower. he/she will be demoted a level lower and must wait for his turn to pick a question or steal from his co-finalists and answered that question correctly provided that they were on the same level. The contestant who garnered the highest point in the Elimination Round would be the first one to choose among the easy questions followed by the second highest pointer and so on and so forth. Contestants may answer the question at any moment even if the quizmaster is still on the course of reading the question. But if the contestant who got a chance to steal still answered the question incorrectly. For each surpassed stage. the quizmaster shall proceed to the next question. There are 30 questions in the final round. Contestants will start at the neophyte stage and must pick easy questions (explorer stage) first. The contestants need not wait for his/her turn in to pick a question to attempt answering a particular question.

Thus. Simply stated. 5. In case only one or two finalist/swas/were able to meet the MINIMUM REQUIRED NUMBER OF CORRECT ANSWERS. In case of tie. clincher questions shall be given until the deadlock is broken. In the final round. a finalist must have at leastANSWERED THREE (3) QUESTIONS CORRECTLY. In case only one or two finalists were able to reach the top of the pyramid at the end of the game. 3. gathering. 2. In the event that the contestant did not immediately use the JOKER. This competition aims to develop and strengthen the Management Advisory Concepts and Analytical Skills of JPIANs across the region. the 2nd place and/or 3rd place shall be determined based solely on the accumulated points garnered by each finalist. The TOP OF THE PYRAMID contains top 3 circles which will be occupied by the top three finalists. DETERMINATION OF TOP THREE FINALISTS 1. a contestant who picked a question containing ACE CARDshall have the exclusive right to give an answer. Additional Title like CMA is preferable since it indicates expertise in the consultancy services. As an added twist. The 1st contestant who answered the question correctly shall be declared as the winner. the mileage weapon shall be forfeited. The other contestant chosen by the contestant with the JOKER (mileage weapon) shall be prohibited from attempting to answer the chosen question. The first finalist to surpass the difficult level would be declared as the CHAMPION. It consists of an understanding the problem or query that an entity is undergoing. Contestants must confirm their registration during the 17th RMYC. During the conduct of the event. refrain from including any identifying information in headers and footers or in the powerpoint presentation) 4. However. It is open 4th and 5th year accountancy students. The next to surpass would be the SECOND PLACE and the third to surpass would be declared as the THIRD PLACE. ACE CARDS shall be randomly assigned to five questions. In case no finalist were able to meet the MINIMUM REQUIRED NUMBER OF CORRECT ANSWERS. 7. 8. 6. The FINAL ROUND shall end when three finalists have reached the top of the pyramid or after exhausting the 30 questions whichever comes earlier. finalists who meet this requirement shall be given the priority over those who did not. winners shall be the determined based on the accumulated points garnered by each finalist and the top three highest pointers shall be declared as winners if all of them were able to meet the MINIMUM REQUIRED NUMBER OF CORRECT ANSWERS. In case no finalist were able to reach the top of the pyramid at the end of the game.e. the 2nd place and/or 3rd place shall be the determined based on the accumulated points garnered by each contestant. (i. Panel of Judges shall compose of three (3) Certified Public Accountants who have at least three (3) meaningful years of experience in MANANAGEMENT CONSULTING for the purpose of giving an intelligent and independent opinion. The contestant who picked a question with a JOKER shall exclusively grant the contestant who picked the question with mileage weapon if the question is answered correctly and he/she answered the question correctly. blue circle for the SECOND PLACE and yellow circle for the THIRD PLACE. winners shall be determined based solely on the accumulated points garnered by each finalist. Each JOKER shall serve as a mileage weapon during the course of the competition. NFJPIA-R3 1st MAS CASE STUDY COMPETITION The NFJPIA-R3 1st MAS Case Study Competition is a regional academic competition to be conducted during the 17 th RMYC. spectators must refrain from clapping or making unnecessary noises so as not to disrupt the contestants. The contestant can use the mileage weapon against other contestant. 4. JOKER CARDS shall also be randomly assigned to five questions. MAS Cases will be distributed to the contestants as soon as they completed the registration process. Implementing Rules and Regulations – Academic Events in the 17th Regional Midyear Convention National Federation of Junior Philippine Institute of Accountants Region III Council Page 9 of 13 . The contestant who picked a question with an ACE CARD shall exclusively grant the contestant the power to disable of the other contestants from stealing the question from him/her. 17. analyzing and interpreting relevant information and formulating recommendation/s to respond to the problem/s identified CONTEST RULES AND MECHANICS GENERAL 1. Contestants are not allowed to defer the power of the card. Contestants must not to put anything that would indicate the Institution in which they were affiliated. 3.NATIONAL FEDERATION OF JUNIOR PHILIPPINE INSTITUTE OF ACCOUNTANTS THE ORGANIZATION OF ACCOUNTANCY STUDENTS IN CENTRAL LUZON Federation Year 2013 – 2014 “R3: Reaching Greater Heights – Celebrating Three Decades of Unifying and Empowering the JPIAn Spirit” REGION III COUNCIL 16. The red circle is for the CHAMPION. 2. to be declared as a winner.

relevance and feasibility of the recommendations Technicalities TOTAL PERCENTAGE 20% 30% 40% 10% 100% Proper identification of the entity’s main problem/s or sub problem/s is the extent in which the team:  Effectively uses all available information to come up with the entity’s problem/s  Provides clear identification of problem/s that the entity is encountering  Successfully classified the problem/s if it is a main problem or sub problem Adequacy and appropriateness of assumptions and analysis is the extent in which the team:  Successfully identified adequate and appropriate assumptions that would eventually be the basis in forming analysis and recommendation/s  Effectively uses assumptions in formulating adequate and appropriate analysis. The written report shall contain the following major parts:  Title Page  Background of the Case (Abstract)  Statement of the Problem/s (Main and Sub Problem/s)  Assumptions  Analysis (with supporting computation/s if any)  Recommendation/s (Contestants could add additional part/s to the written report in order to add substance to the case study provided. All supporting computation/s must be part of the written report.  The report shall not be longer than six (6) pages and must not have an appendix. the participants will submit their written reports regarding a MAS case. relevance and feasibility of the recommendation/s is/are the extent to which the team:  Demonstrates logic in formulating recommendations  Considers the feasibility of their recommendations when taken separately and when taken together  Effectively corresponds to the problems that was identified Technicalities are the extent to which the team:  Follows the recommended guidelines for written reports  Effectively writes an easily comprehensible report (including abstract)  Followed proper sentence construction and grammar Implementing Rules and Regulations – Academic Events in the 17th Regional Midyear Convention 13 National Federation of Junior Philippine Institute of Accountants Region III Council Page 10 of .5 spacing. During this round. which will be given after registration to 17th RMYC. The following criteria shall be used in evaluating each written case report: CRITERIA Proper identification of the entity’s main problem/s or sub problem/s Adequacy and appropriateness of assumptions and analysis Reasonableness.NATIONAL FEDERATION OF JUNIOR PHILIPPINE INSTITUTE OF ACCOUNTANTS THE ORGANIZATION OF ACCOUNTANCY STUDENTS IN CENTRAL LUZON Federation Year 2013 – 2014 “R3: Reaching Greater Heights – Celebrating Three Decades of Unifying and Empowering the JPIAn Spirit” REGION III COUNCIL PRELIMINARY ROUND 1. font and with 1. that the major parts are present) The format of the written report is as follows:  All reports must be written in Cambria. 11pt. Only the top five (5) teams among all the participating teams will proceed to the oral defense. 2.  Margins must be 1-inch all over the document. The written report must be submitted on or before 12 noon of the next day in soft copy (save the document in this file name: LocalChapter_Surname1_Surname2_Surname3).  Logical Presentation of supporting computations Reasonableness.

The top five (5) participants from the Preliminary Round will be notified after the selection process has been completed and they will be called together for the Oral Defense where they will be given time to prepare a powerpoint presentation and rehearse their oral presentation. All teams will be given two (2) hours to prepare a powerpoint presentation and rehearse their oral presentation. 3. Participants are discouraged from placing any identifying marks of their local chapter in their presentation. Cup Implementing Rules and Regulations – Academic Events in the 17th Regional Midyear Convention 13 National Federation of Junior Philippine Institute of Accountants Region III Council Page 11 of . 2.NATIONAL FEDERATION OF JUNIOR PHILIPPINE INSTITUTE OF ACCOUNTANTS THE ORGANIZATION OF ACCOUNTANCY STUDENTS IN CENTRAL LUZON Federation Year 2013 – 2014 “R3: Reaching Greater Heights – Celebrating Three Decades of Unifying and Empowering the JPIAn Spirit” REGION III COUNCIL ORAL DEFENSE 1. They will present their report in front of the panel of judges for 15 minutes and another 20 minutes will be allotted for the question and answer portion. Delivery is the extent to which the team:  Demonstrates organization of information in presenting their report  Effectively uses the English language as a medium for presentation  Effectively speaks as one team (Coherent ideas)  Speaks clearly and distinctly Technicalities are the extent to which the team:  Effectively uses PowerPoint as a visual aid  Does not deviate from submitted written report  Effectively maximizes the allotted time for presentation POINTING SYSTEM OF ACADEMIC EVENTS TO DETERMINE THE OVERALL RANKING The following pointing system shall be used to determine the overall ranking in Academic Events of the 16th RMYC. The following criteria shall be used to evaluate the oral presentation: Criteria Written Report Delivery Responsiveness to the Questions Technicalities TOTAL Percentage 40% 25% 25% 10% 100% The score of the written report shall comprise the 40% of the Average for the Oral Defense. REVOLVING CUP There are two revolving cup in this competition for:  CAT Cup Level-Up  SGV & Co. 4. 5. accessory or color coding that would identify them as contestants from a particular local chapter. RANK 1st Place 2nd Place 3rd Place 4th and 5th Place Participation * (Elimination Round) POINTS 15 10 7 3 1 * Participation in the Qualifying Round of PFRS Quiz and CPAR Meet the Standards shall have no credit. The medium for presentation must be English. They must not also wear any clothing material. 6. Participants are required to be in corporate attire while participating in the said competition.

It must be returned next RMYC to hand it over to the next champion. Any request for amendments and revisions as well as proposed amendments must initially be reviewed by the Regional Vice President for Academics then to be forwarded to the Regional Executive Officers for discussion. It must be returned next RMYC to hand it over to the next champion. C. Any amendments to or revisions to this Implementing Rules and Regulations may be proposed by any member of any local chapter upon a written request of such member. REPEALING CLAUSE Any rule and regulation or resolution or part/s thereof inconsistent with the provisions of this Implementing Rules and Regulations are hereby repealed or modified accordingly. The final decision on any inclusions and exclusions to this Implementing Rules and Regulations must be determined by a majority vote of all Regional Executive Officers in which the Regional Vice President for Academics is included. which are deemed unnecessary. it will permanently be in its possession.NATIONAL FEDERATION OF JUNIOR PHILIPPINE INSTITUTE OF ACCOUNTANTS THE ORGANIZATION OF ACCOUNTANCY STUDENTS IN CENTRAL LUZON Federation Year 2013 – 2014 “R3: Reaching Greater Heights – Celebrating Three Decades of Unifying and Empowering the JPIAn Spirit” REGION III COUNCIL CAT REVOLVING CUP This revolving cup will be given to the Local Chapter who garnered the highest points in the Academic Quiz Bee – CAT Cup Level Up. The revolving cup will be at the tenure of the defending champion (the local chapter) for one (1) year. The Council shall be vested with the exclusive power to revise and amend the Implementing Rules and Regulations. SEPARABILITY CLAUSE If any clause. provision. B. REVOLVING CUP This revolving cup will be given to the Local Chapter who garnered the highest points in the Academic Quiz Bee – SGV & Co. paragraph or part of this Implementing Rules and Regulations shall be declared unconstitutional or invalid. invalidate. such judgment shall not affect. D. editing and final approval and to be noted by the Regional Adviser. The Regional Executive Officers shall have the right to debunk any proposed revisions and amendments. However. Cup. but shall be merely confined to the clause. SGV & Co. The Regional Adviser or his duly designated representative shall act as legal adviser to the Regional Vice President for Academics and the Council and shall render legal assistance as may be necessary in carrying out the provisions of this Implementing Rules and Regulations. B. It shall be the primary duty of the Regional Vice President for Academics to effectively enforce the provisions of this Implementing Rules and Regulations. Amendments to particular provisions in this Implementing Rules and Regulations shall be allowed provided that such amendments will be communicated to stakeholders at least two weeks before it could take effect. or impair any other part hereof. stating the reasons thereto. The revolving cup will be at the tenure of the defending champion (the local chapter) for one (1) year. paragraph or part directly involved in the controversy in which such judgment has been rendered. in case the holder of the CAT Revolving Cup defended its title for three consecutive years. submitted to them by the Regional Vice President for Academics. ENFORCEMENT OF THE IMPLEMENTING RULES AND REGULATIONS A. it will permanently be in its possession. The Council also has the sole right to interpret the contents of this Implementing Rules & Regulations and their decision will be binding and irrevocable. in case the holder of the Revolving Cup defended its title for three consecutive years. E. However. AMENDMENTS OR REVISIONS A. provision. EFFECTIVITY Implementing Rules and Regulations – Academic Events in the 17th Regional Midyear Convention 13 National Federation of Junior Philippine Institute of Accountants Region III Council Page 12 of .

2013. PREPARED BY: _____________________________________________ Francis Xavier W. Rivera Regional Vice President for Membership Tarlac State University ________________________________________ John Kendrick H. David Regional Vice President for Non Academics Holy Angel University ________________________________________ Leila Victoria R. Pajarin Regional Vice President for Audit Colegio de San Juan de Letran – Bataan ________________________________________ Adrianne B.NATIONAL FEDERATION OF JUNIOR PHILIPPINE INSTITUTE OF ACCOUNTANTS THE ORGANIZATION OF ACCOUNTANCY STUDENTS IN CENTRAL LUZON Federation Year 2013 – 2014 “R3: Reaching Greater Heights – Celebrating Three Decades of Unifying and Empowering the JPIAn Spirit” REGION III COUNCIL This Implementing Rules and Regulations shall take effect immediately after its presentation and approval from the Assembly. Promulgated in the City of Pampanga this 9th day of June. Enrile Regional Secretary General Baliuag University Implementing Rules and Regulations – Academic Events in the 17th Regional Midyear Convention 13 National Federation of Junior Philippine Institute of Accountants Region III Council Page 13 of . Ferrer Regional Vice President for Academics Systems Plus College Foundation APPROVED BY: ________________________________________ Zheena E. Ocampo Regional President Systems Plus College Foundation ________________________________________ Emil Julius T. Villanueva Regional Vice President for Media Wesleyan University – Philippines ________________________________________ Roy James S. Antonio Regional Vice President for Finance Wesleyan University – Philippines ________________________________________ Enrico C. Harve Regional Vice President for Communications University of the Assumption ________________________________________ Jane T.