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REGION 02
Federation Year 2019-2020
Presidents’ Cup
REGIONAL MIDYEAR CONVENTION 2019
Academic Events
All participants must be bona fide members of the National Federation of Junior Philippine Institute of
Accountants (NFJPIA) Region-02 as certified by the Regional Vice-President for Membership and
Regional Vice-President for Finance, and duly registered participants of the Regional Midyear
Convention 2019.
1. Only students in the first-year level are allowed to participate in the following:
2. Only students in the first-year level or second year-level are allowed to participate in the following:
3. Only students in the second-year level are allowed to participate in the following:
4. Only students in the second-year level or third year-level are allowed to participate in the following:
5. Only students in the fourth-year level or fifth year-level are allowed to participate in the following:
Presidents’ Cup
C. CONTEST RULES & REGULATIONS
1. Number of Participants
Each participating school/chapter is allowed to send in one (1) team of two (2) members in The
11th Arthur Sonday III Cup.
Each academic quiz, except for The 11th Arthur Sonday III Cup, consists of twenty (20) questions.
Ten (10) for easy, five (5) for average and five (5) for difficult. Each question has the following
equivalent points – four (4) points for easy, five (5) points for average and seven (7) points for
difficult. Participants will be given ten (10) seconds and sixty (60) seconds to answer theory and
problem-solving questions, respectively.
The 11th Arthur Sonday III Cup shall consist of forty (40) questions. Twenty (20) for easy, ten (10)
for average and ten (10) for difficult. Each question has the following equivalent point(s) – one (1)
point 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 and problem-solving questions,
respectively.
Basic Accounting Quiz – all topics in the course Financial Accounting & Reporting, except
topics on partnership and corporation accounting.
Partnership & Corporation Accounting Quiz – all topics in the course Financial Accounting
& Reporting that deals specifically with partnership and corporation accounting.
Intermediate Accounting Quiz Level 2 – all topics in the courses Intermediate Accounting
1 and Intermediate Accounting 2, except topics on shareholders equity.
Business Law Quiz Level 1 – all topics on Laws on Obligations & Contracts
Intermediate Financial Accounting & Reporting Quiz – all topics covered by the CPA
licensure examination syllabus on FAR.
Advanced Financial Accounting & Reporting Quiz – all topics covered by the CPA licensure
examination syllabus on AFAR.
Taxation Quiz – all topics covered by the CPA licensure examination syllabus on Taxation.
Regulatory Framework for Business Transactions Quiz – all topics covered by the CPA
licensure examination syllabus on RFBT.
Management Advisory Services Quiz – all topics covered by the CPA licensure
examination syllabus on MAS.
Auditing Quiz – all topics covered by the CPA licensure examination syllabus on Auditing.
The 11th Arthur Sonday III Cup – all topics covered by the CPA licensure examination
syllabus on FAR, AFAR, Taxation, RFBT, MAS and Auditing, plus topics on Organization
and Management, Finance and Economics, and Current Affairs.
Presidents’ Cup – all topics covered by the CPA licensure examination syllabus on FAR,
AFAR, Taxation, RFBT, MAS and Auditing.
4. Contest Proper
Participants are advised to be at the designated place/venue fifteen (15) minutes before the
time scheduled. Late participants are still allowed to participate; however, the participants will
be disqualified for the questions they had missed.
Participants will be provided a copy of the questions. The quizmaster will read each question
once. The timer starts after the quizmaster says “Go”.
Calculators (non-programmable) are allowed and flash cards provided for the contest will be
used.
Any person found coaching will be forced to leave the venue. Participants caught cheating will
be disqualified. The quizmaster shall have the absolute control over the conduct of the quiz.
All points will be accumulated in all three (3) categories. The participants garnering the top
three (3) highest scores will be declared as First Placer, Second Placer, and Third Placer,
respectively. In case of tie, clincher question(s) will be drawn.
In determining the Champion in the Team Category of the individual quizzes, the
school/chapter garnering the highest total accumulated scores of its three (3) participants shall
be declared as Champions.
A school/chapter must submit the official list of participants in all academic events on or before
October 28, 2019 through the Regional President. This is to provide ample time for verification
and validation by the Regional Vice President for Membership and Regional Vice President for
Finance.
Hard copy of registration/enrolment form for the first semester of the current academic year,
duly validated school identification card and other documentary requirements must be
submitted in the morning of November 8, 2019 of the Regional Midyear Convention 2019 to
the Regional Vice President for Academics for verification and validation.