IMPLEMENTING RULES AND REGULATIONS

IN THE CONDUCT OF 6TH PICPA NATIONAL

ACCOUNTING QUIZ SHOWDOWN (NAQDOWN2013)

Revision history

Version No. Date Revised by Approved by Noted by Details 1 05/27/2013 Kristyl Joy D. Pereye Matthew U. Gopez Initial

TABLE OF CONTENTS

IRR 1.0 Background Error! Bookmark not defined.

IRR 2.0 Objectives Error! Bookmark not defined.

IRR 3.0 General Guidelines Error! Bookmark not defined.

3.1 Qualifications 3.2 Requirements 3.3 General Contest Rules 3.4 Contest rules and mechanics (Easy Round) 3.5 For semi-final round 3.6 Final Round IRR 4.0 Merit Award for Excellence in Academics 13

IRR 5.0 Violations And Sanctions Guidelines 14

IRR 6.0 Enforcement Of The Implementing Rules And Regulations 14

IRR 7.0 Amendments Or Revisions 14

IRR 8.0 Separability Clause 15

IRR 9.0 Repealing Clause 16

IRR 10.0 Effectivity 16

IRR 1.0 BACKGROUND

IRR 1.0.1 The National Accounting Quiz Showdown is a yearly event of the National

Federation of Junior Philippine Institute of Accountants in collaboration with

Philippine Institute of Certified Public Accountants, which aims to uphold

academic competencies to a higher degree and promote stewardship among

the contestants. It is an event of the PICPA in celebration of the Accountancy

Week, with workforce and participants comprised by the NFJPIA body. The

competition is a Quiz type competition, pertaining to the different Board

Exam Subjects that aims to pool down representatives from different Local

Chapters and Regional Councils. The Competition is in line of the

accomplishment of the first goal of the Federation, which is to promote

academic excellence.

IRR 2.0 OBJECTIVES

IRR 2.0.1 To help students build their sense of stewardship and sportsmanship while

joining such competition.

IRR 2.0.2 To promote Academic Excellence among the students that will help them to

outstand in the academe.

IRR 2.0.3 To increase the level of participation of the local and regional councils with

their involvement in NFJPIA activities.

IRR 2.0.4 To gain new knowledge about updates on the current accounting system that

they may encounter during the contest.

IRR 3.0 GENERAL GUIDELINES

IRR 3.0.1 The 6th PICPA National Accounting Quiz Showdown (6th PICPA NAQDOWN)

is a national inter-school quiz bee competition, which covers the CPA Board

related subjects.

IRR 3.0.2 This year’s NAQDOWN shall be simultaneously conducted in four geographic

areas namely Luzon(PAMPANGA), Visayas(CEBU), Mindanao(CDO) and

NCR(PICPA).

IRR 3.0.3 Each college or university can only send one(1) participant for this event.

IRR 3.0.4 The contest pre-registration (confirmation of participation & submission of

requirements) is FREE for any contestant who will register on or before June

28, 2013. However, a penalty of P 300.00 shall be charged to late registrant/s

confirming their intention to participate after June 28, 2013 until July 03,

2013. After this date, the Office of the Vice President for Academics will not

accept any interested participant or Walk Ins during the competition, unless

he/she will provide valid and pertinent documents stating why he/she was

not able to confirm his/her participation or submit his/her requirements. An

online pre-registration shall be provided by the NFJPIA to be filled out by

interested participants as a confirmation of their participation.

IRR 3.0.5 The contestant must be in corporate attire as per the command released by

the Philippine Institute of Certified Public Accountants.

IRR 3.1 QUALIFICATIONS

IRR 3.1.1 The contestant must be enrolled in a BS Accountancy program for the

academic year 2013-2014.

IRR 3.1.2 Participant should be at least a 3rd year BS Accountancy student.

IRR 3.1.3 Change of contestant representing a school shall be allowed during the day of

the competition provided that they would submit all pertinent hard copy

requirements during the registration phase of the event.

IRR 3.1.4 All participants must be a member of their respective local chapter, Regional

Councils, and the National Federation JPIA.

IRR 3.2 REQUIREMENTS

IRR 3.2.1 Each contestant must comply with the following requirements:

Duly accomplished application form from the NFJPIA

Endorsement Letter certifying that he is the official representative of his

school duly sign by the dean of their respective college

Endorsement Letter from the Regional Council Presidents

Copy of Certificate of Registration in his respective school certifying that he is

currently enrolled in their school’s current semester or term.

IRR 3.2.2 Softcopy of all requirements must be sent to

nfjpia.vpacademics1314@gmail.com. The e-mail’s subject should be named

after their respective Local Chapter. Confirmation of participation and all

requirements maybe submitted only on or before July 03, 2013.

IRR 3.2.3 Hardcopy of all requirements may be accepted and must be given on the day

of the contest as long as they have notified the Standing Committee for

Academics prior to the event their failure in sending softcopy of the

requirements. However, this rule is only applicable for those who pre-

registered online.

IRR 3.2.4 Failure to comply with the given requirements would mean disqualification

from the event.

IRR 3.3 GENERAL CONTEST RULES

IRR 3.3.1 The Standing Committee for Academics shall be composed of National Vice

President for Academics Committee Chairperson and Committee Members

while NFJPIA Council shall be composed of the national executive officers of

the NFJPIA, Inc. which shall serve as the monitoring personnel and question

distributors (QD).

IRR 3.3.2 A Judge or Board of Judges shall be a Certified Public Accountant for the

purpose of giving an intelligent and independent decision.

IRR 3.3.3 Any member of the Board of Judges and NFJPIA Council shall be vested with

the power to give sanction to any contestant he have witnessed violating any

of the said provision in this IRR.

IRR 3.3.4 The Judge or the Board of Judges shall have the sole and exclusive authority

to clear or answer any protest/clarification made by the contestant or the

respective adviser. Any question raised shall limit to 5 minute discussion

only to protect the proceedings of the time of the contest. Judge/s’ decision is

final and irrevocable.

IRR 3.3.5 The contestants should write their answers clearly and legibly on the

provided answer boards.

IRR 3.3.6 Abbreviations are highly discouraged to be used.

IRR 3.3.7 Contestants who shall insist in writing the answers ambiguously, abbreviated

or illegibly may still claim points for correct answers only upon the

discretion of the panel of judges or the National Vice President for

Academics.

IRR 3.3.8 Each school is privileged to have 1 registered adviser only. The adviser must

register and sign in the provided registration sheet by the Organizing

Committee before the start of competition.

Once the quizmaster starts reading the 1st question in the elimination round,

the registration for registered adviser will be closed. Thus, the Board of

Judges will not entertain any concern, protest, or clarification made by

unregistered adviser.

IRR 3.3.9 The contestant and the registered adviser are the only persons who have

vested rights to raise concern, protest, and/or clarification.

IRR 3.3.10 Before proceeding to the next question, there will be given an allotted time of

(10) seconds for the contestants to decide whether they want to raise a

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

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

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

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

entertained. Contestants should not erase their answers during the 10-

second time allotment to still validate their answers when

protests/clarifications are raised for that particular question.

IRR 3.3.11 Any contestant caught cheating shall be disqualified in the competition.

IRR 3.3.12 The contestants are allowed to manipulate their calculator ONLY when the

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

1st time shall be given a warning; for the 2nd time shall be given sanction of

accumulating only 50% of his total score garnered in all rounds. Violation of

this provision for the 3rd time shall mean disqualification of the contestant.

IRR 3.3.13 In case of a tie at the end of a round, tie breaker questions shall be asked until

the deadlock is broken. Tie breaker question/s shall have NO bearing on the

cumulative score of the contestants. Whoever gets the right answer and

raises his answer board first shall advance to the next round or otherwise be

declared the winner.

IRR 3.3.14 All theory questions and problems requiring computation will be read once.

IRR 3.3.15 After reading the contest rules and mechanics, contestants are given the

chance to raise questions/clarifications regarding the said rules and

mechanics.

IRR 3.3.16 In case of any concern, clarification, or protest which is not governed by the

Implementing Rules and Regulations (IRR) of the said provision, the

Chairman of the said competition shall have the absolute power to decide,

upon consultation to NFJPIA and/or National Adviser, on matters which he

deems necessary to preserve and protect the integrity of the event. His

decision is final and irrevocable.

IRR 3.4 CONTEST RULES & MECHANICS (ELIMINATION ROUND)

IRR 3.4.1 The 6th PICPA NAQDOWN is comprised of three (3) rounds namely:

Elimination Round, Semi-Final Round, and the Final Round. Elimination

round is composed three (3) sub-set rounds namely: Easy, Average, and

Difficult. Corresponding points, time allotment, and no. of questions are as

follows:

IRR 3.4.2 Late contestants are still allowed to participate yet will be deprived to

answer the question/s missed. But after the first (4) questions in the easy

sub-set round have elapsed, late contestant/s will be disqualified to take part

in the competition.

IRR 3.4.3 Contestants are provided with a copy of the question for every item. The

contestants must not open the question until the distribution of each set of

questions is done. The moment the quizmaster announces the question

number that is the only time the contestant may read and answer the

provided question. Any contestant who violates the said provision for the

2nd time shall be given sanction of accumulating only 50% of his total score

garnered in all rounds. Violation of this provision for the 3rd time shall mean

disqualification of the contestant.

EASY AVERAGE DIFFICULT CLINCHER Theory

Questions 10 seconds 10 seconds 10 seconds 10 seconds

Questions requiring

computations

20 seconds 40 seconds 60 seconds 30 seconds

No. of Items 7 7 7 - Corresponding

Points 3 5 7 -

IRR 3.4.4 The contestants should have written their answer before the time allotted

has elapsed. The contestants must raise their answer board 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.

IRR 3.4.5 The top ten (10) contestants accumulating the highest point in each area

shall advance to the semi-final round.

IRR 3.5 SEMI- FINAL ROUND (For Each Area)

IRR 3.5.1 All points during the elimination round shall revert to zero.

IRR 3.5.2 Thirty (30) questions shall be asked in this round.

IRR 3.5.3 Each contestant shall be given one (1) immunity card which will prevent

point deduction in case the contestant incorrectly answered a question. The

contestants may use the immunity card before the judge or a contestant picks

the next question. Also, 6 randomly chosen questions entitle the contestant

to make their opponent step backward. However, this power can only be

used when he/she was able to answer the question correctly.

IRR 3.5.4 Corresponding points, time allotment, and no. of questions for the Semi-Final

Round are as follows:

Theories Problems Time Allotment 10 seconds 60 seconds

No. of Items 15 items 15 items Points per correct answer 5 10 Deductions per incorrect

answer 3 5

IRR 3.5.5 The privilege to choose the first question in this round is given to the board

of judges. The contestant who will answer the first question correctly shall

have the right to choose the next question, and so on.

IRR 3.5.6 There will be deductions for every incorrect answer of a contestant, three (3)

points for theory and five (5) points for problems.

IRR 3.5.7 There will be a given deduction to a contestant who provided a wrong

answer even he/she has no points garnered at the time he/she answers the

question. Simply stated, negative points shall be awarded.

IRR 3.5.8 The contestants are allowed to manipulate their calculator at any moment

they opted to, provided, only when the quizmaster reads the first word in the

problem.

IRR 3.5.9 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 written already on the answer

board. Otherwise, his answer is deemed null and void.

IRR 3.5.10 The first contestant who pressed the buzzer shall be given the chance to

answer the question. During the semi-final round, 1(one) chance of steal for

each question shall be given to other contestants and if the question is

answered correctly, the corresponding points for that question shall be

awarded to the contestant. In case of a steal, an incorrect answer and/or void

answer will have a corresponding point deduction on that particular

question depending upon the type of question.

IRR 3.5.11 The contestant must reach the top of the NFJPIA pyramid in order to win the

game. The first five contestants to reach the top of the NFJPIA pyramid will

advance to the final round.

IRR 3.5.12 In the event that only one (1) contestant reached the top of the NFJPIA

pyramid after the Thirty (30) questions, the 2nd, 3rd, 4th and 5th qualifier

for the final round shall be determined based on the accumulation of points.

The four (4) highest scorers shall be qualified to the final round.

IRR 3.5.13 In the event that only two (2) contestants reached the top the NFJPIA

pyramid after the Thirty (30) questions, the 3rd, 4th, and 5th qualifier will be

determined based on the accumulation of points. The highest scorer shall be

declared the 3rd, 4th, and 5th qualifier and so on.

IRR 3.5.14 If no contestant reached the top of the NFJPIA pyramid after the Thirty (30)

questions, the five (5) highest scorers will be the ones qualified for the final

round.

IRR 3.5.15 In case of a tie, a question chosen either by the panel of judges or the Vice-

President for Academics of NFJPIA shall be asked to the concerned

contestants to break the deadlock.

IRR 3.6 FINAL ROUND

IRR 3.6.1 The five (5) qualifiers on each area shall advance to the final round to be held

during the National Mid Year Convention.

IRR 3.6.2 The top three qualifiers in each area are privileged to attend the Mid

Year Convention for free (Registration Fee) provided that he/she will

NOT PARTICIPATE in any other academic event during the convention.

This privilege is exclusive and is non- transferrable to the 4th or 5th

qualifier or to anyone.

IRR 3.6.3 All qualified participants should attend the National Mid Year

Convention to be able to participate to the Final Round and have the

chance of being hailed as the National Accounting Quiz Showdown

Champion.

IRR 3.6.4 The final round shall be based on IRR 3.4 (Elimination Round)

IRR 3.6.5 The top three (3) participants accumulating the most number of points shall be declared the 3rd, 2nd, and the NAQDOWN Champion respectively.

IRR 4.0 Merit Award for Excellence in Academics

IRR 4.0.1 These awards will be given to the Local Chapter and Regional Council who

exemplified outstanding performances in the Academic competition during

the Midyear National Convention. Any special awards other than major

awards that may be given in some contests will be given 2 points per award.

The following points will be used in determining the winner:

1st Place 10

2nd Place 8

3rd Place 6

4th Place 4

5th Place 2

IRR 5.0 VIOLATIONS AND SANCTIONS GUIDELINES

IRR 5.0.1 The above-mentioned NAQDOWN Implementing rules and regulations are for NFJPIA and related persons information exchange only. The council maintains the relevance and reliability of this document through the strict implementation of its rules and regulations.

IRR 5.0.2 Any questions raised by the contestants that are not included in the IRR shall

be subjected to the jurisdiction of the National Vice President for Academics and NFJPIA Executive Officers. The decision of the National Vice President for Academics and the NFJPIA Executive Officers will be final and irrevocable.

IRR 6.0 ENFORCEMENT OF THE IMPLEMENTING RULES AND REGULATIONS

IRR 6.0.1 It shall be the primary duty of the National Vice President for Academics and

the National Executive Officers to effectively enforce the provisions of this Implementing Rules and Regulations. The Executive Officers also has the sole right to interpret the contents of this Implementing Rules & Regulations and their decision will be binding and irrevocable.

IRR 6.0.2 The National Adviser or his duly designated representative shall act as legal

adviser to the National Vice President for Academics and the National Executive Officers and shall render legal assistance as may be necessary in carrying out the provisions of this Implementing Rules and Regulations.

IRR 7.0 AMENDMENTS OR REVISIONS

IRR 7.0.1 The National Executive Officers shall be vested with the exclusive power to revise and amend the Implementing Rules and Regulations.

IRR 7.0.2 Any amendments to or revisions to this Implementing Rules and Regulations may be proposed by any member of any regional council upon a written request of such member, stating the reasons thereto.

IRR 7.0.3 Any request for amendments and revisions as well as proposed amendments

must initially be reviewed by the National Vice President for Academics then to be forwarded to the National Executive Officers for discussion, editing and final approval and to be noted by the National Adviser.

IRR 7.0.4 The National Executive Officers shall have the right to debunk any proposed

revisions and amendments, submitted to them by the National Vice President for Academics, which are deemed unnecessary. The final decision on any inclusions and exclusions to this Implementing Rules and Regulations must be determined by a majority vote of all National Executive Officers in which the National Vice President for Academics is included.

IRR 7.0.5 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.

IRR 8.0 SEPARABILITY CLAUSE

IRR 8.0.1 If any clause, provision, paragraph or part of this Implementing Rules and Regulations shall be declared unconstitutional or invalid, such judgment shall not affect, invalidate, or impair any other part hereof, but shall be merely confined to the clause, provision, paragraph or part directly involved in the controversy in which such judgment has been rendered.

IRR 9.0 REPEALING CLAUSE

IRR 9.0.1 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.

IRR 10.0 EFFECTIVITY

IRR 10.0.1 This Implementing Rules and Regulations shall take effect immediately after its presentation and approval from the Executive Board’s Meeting. Promulgated in the City of Manila this 31st Day of May, 2013.

PREPARED BY:

Kristyl Joy D. Pereye National Vice President for Academics Polytechnic University of the Philippines

APPROVED BY:

Matthew U. Gopez Gerrecz Py N. Truzan National President National Vice President for Non-Academics

Angeles University Foundation Ateneo de Davao University

Neil Martin E. Pilapil Evan Rey C. Cabalida National Vice President for Membership

University of San Jose-Recoletos National Vice President for Finance

University of Cebu - Main

Kaori Kaye L. Manga Louie D. Esteves National Vice President for Media and

Documentation Far Eastern University-Manila

National Vice President for Communications- NCR

La Consolacion College-Manila

Jettli C. Abesamis Ruth D. Mackay National Vice President for Communications - Luzon

National Vice President for Communications - Visayas

Saint Louis Universtiy University of San Carlos

Wendy L. Aromin Shiela Marie D. Subingsubing National Vice President for

Communications - Mindanao National Vice President for Audit

University of San Jose - Recoletos Western Mindanao State University

Janine Nicole C. Orcena Jenica R. Estigoy

National Secretary General Region 1 President Ateneo de Davao University Saint Louis University

Santa B. Cruz Zheena E. Ocampo Region 2 President Region 3 President

St. Paul University Philippines System Plus College Foundation

George Matthew B. Macatangay Michael D. Hizon Region 4 President

University of Perpetual Help System-Laguna Region 5 President

Divine Word College of Legazpi

Ma. Pauline Venus B. Saul Kaye Earvin L. Villaester Region 6 President Region 7 President

University of the Philippines- Visayas University of San Carlos

Jensie Ardith D. Esponilla Kevin Mark C. Ramos Region 8 President Region 9 President

Christ the King College Ateneo de Zamboanga University

Rocky T. Abancia Tryyam A. Rusiana Region 10 President

Father Saturnino Urios University Region 11 President

Ateneo de Davao University

Calil G. Tumlad Danny M. Villanueva Region 12 President

Notre dame of Tacurong College NCR President

Pamantasan ng Lungsod ng Valenzuela