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Philippine Institute of Certified Public Accountants Eastern Metro Manila Chapter
Philippine Institute of Certified Public AccountantsMETRO MANILA REGION
PICPA Building, 700 Shaw Boulevard, Mandaluyong City
P. O. Box 12379 Ortigas Center, Pasig CityTelephone No. 723-63-13 723-9225 725-33-37 724-43-66Telefax No. 723-87-60 723-63-14E-mail: [email protected]: www.picpammr.com
PHILIPPINE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS EASTERN METRO MANILA CHAPTER PICPA EMMC)in partnership with
MIRIAM COLLEGE JUNIOR PHILIPPINE INSTITUTE OFACCOUNTANTS MC JPIA)
Philippines Next Tax Model:The Search for the
EMMC Tax Whiz Year
Implementing rules and regulations IRR)
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Philippine Institute of Certified Public Accountants Eastern Metro Manila Chapter
Philippine Institute of Certified Public AccountantsMETRO MANILA REGION
PICPA Building, 700 Shaw Boulevard, Mandaluyong City
P. O. Box 12379 Ortigas Center, Pasig CityTelephone No. 723-63-13 723-9225 725-33-37 724-43-66Telefax No. 723-87-60 723-63-14E-mail: [email protected]: www.picpammr.com
TABLEOFCONTENTSGeneralGuidelines .......................................................................................................................................... 3Requirements .................................................................................................................................................. 3ContestRulesandMechanics(General) ......................................................................................................... 3ContestRulesandMechanics(EliminationRound)....................................................................................... 4ContestRulesandMechanics(QuarterFinalsRound)................................................................................... 4Contest
Rules
and
Mechanics
(Semi
Finals
Round)
....................................................................................... 5ContestRulesandMechanics(ChampionshipRound).................................................................................. 6AwardsandPrizes ........................................................................................................................................... 6SeparabilityClause .......................................................................................................................................... 6
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Philippine Institute of Certified Public Accountants Eastern Metro Manila Chapter
Philippine Institute of Certified Public AccountantsMETRO MANILA REGION
PICPA Building, 700 Shaw Boulevard, Mandaluyong City
P. O. Box 12379 Ortigas Center, Pasig CityTelephone No. 723-63-13 723-9225 725-33-37 724-43-66Telefax No. 723-87-60 723-63-14E-mail: [email protected]: www.picpammr.com
GENERALGUIDELINESOnits5thyear,theAnnualSearchfortheEMMCTaxWhizisaninter-schoolacademicquizbeecompetitionhostedbyPICPA-EMMCinpartnershipwithMC-JPIA.Thiscompetitionisopentoallaccountancystudentsandshallcovernationalinternalrevenuetaxesinthe1997TaxCode,asamended.Thecompetitionshallbedividedintofourroundsnamely:1. EliminationRound2. QuarterFinals(QF)Round3. SemiFinals(SF)Round4. ChampionshipRoundREQUIREMENTS1. Each Local Chapter may send a maximum of two representatives with each representative competing
individually.2. EachLocalChaptermustsubmitthefollowingrequirementsinSOFTCOPYonly:
DulyaccomplishedApplicationForm SchoollogoandJPIAlogo 1x1coloredpictureoftherepresentative/sincorporateattirewithwhitebackground EndorsementLetterfromtheCollegeDean,JPIAAdviserandLocalChapterPresident.(scannedcopy) CopyofRegistrationFormoftherepresentative/sforthecurrentsemester,certifyingthatthecontestantisofficiallyenrolledandabonafidestudentofhis/herrespectiveschool.(scannedcopy)
3. Alltherequirementsshallbesentviaemailatemmc_taxwhiz5@yahoo.comonorbeforeJuly12,2013.4. SubstitutionofrepresentativesisallowedonorbeforeJuly12,2013.5. Walk-incontestantsshallnotbeallowedtojointhecompetition.6. For anyquestions, youmay contactGaileenM.Mansos, President,MC-JPIA at 0917-530-1502 or through
[email protected](GENERAL)1. Registrationshallstartat8:00amatthelobbyofLittleTheater,MiriamCollege.Allcontestantsarerequired
toregister
at
least
30
minutes
before
the
contest
eliminations
begin.
The
elimination
round
shall
start
at
exactly 10:00 am. Failure to register during the allotted time shall disqualify the contestants from thecompetition.
2. The judgeor theboardof judges fromPICPA-EMMCshallhave thesoleandexclusiveauthority toclearoransweranyprotest/clarificationraisedbythecontestants.Thedecisionofthejudgeorboardofjudgesisfinalandirrevocable.
3. PICPA-EMMCshallhavetheexclusivepowertointerprettheprovisionsoftheIRRandshallbevestedwiththepowertogivesanctionstoanycontestantwhoshallviolateanyprovisionsinthisIRR.
4. IncasethereareanyconcernsorprotestswhicharenotcoveredinthisIRR,thePICPA-EMMCshallhavetheabsolute power and sole authority todecide and interpret the implementing rules and regulations of thecompetitiononmatterswhichhedeemsnecessarytopreserveandprotecttheintegrityoftheevent.Shouldtherebeanyambiguityencounteredbyanyparty,suchshouldbeaddressedonatimelybasis.ThedecisionofPICPA-EMMCshallbefinalandirrevocable.
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Philippine Institute of Certified Public Accountants Eastern Metro Manila Chapter
Philippine Institute of Certified Public AccountantsMETRO MANILA REGION
PICPA Building, 700 Shaw Boulevard, Mandaluyong City
P. O. Box 12379 Ortigas Center, Pasig CityTelephone No. 723-63-13 723-9225 725-33-37 724-43-66Telefax No. 723-87-60 723-63-14E-mail: [email protected]: www.picpammr.com
5. After reading the contest rules and mechanics, contestants are given the chance to raise questions/clarifications.
6. Duringthequarterfinals,semifinalsandchampionshiprounds,thecontestantsshallbegivenanallottedtimeoffivesecondstoraiseaprotest/clarification,torequestfornewmarker,ballpenorscratchpaper,tochangetheircalculator if itencountersatechnicalproblem,ortoraiseanyotherconcernsbeforeproceedingtothenextquestion. Aftertheallottedtimehaselapsed,thequizmastershallreadthenextquestion,thus,protest,clarification,oranyconcernsshallnolongerbeentertained.
7. During thequarter finals,semi finalsandchampionshiprounds,contestantsshallbeprovidedwithanswerboards.Onlyanswerswrittenontheanswerboardshallbeconsidered.Abbreviationsarenotallowedunlessclearlystipulatedinthequestion.
8. Anycontestant
who
will
be
caught
cheating
and
any
contestants
who
failed
to
comply
with
the
rules
shall
be
automaticallydisqualifiedinthecompetition.
CONTESTRULESANDMECHANICS(ELIMINATIONROUND)1. In theELIMINATIONROUND,contestantsshallbegivenawrittenexamination todetermine the topeight
contestantswhowillqualifyforthequarterfinalsround.2. Thewrittenexaminationshallconsistof theoryandproblem-solvingquestionswith the followingpointing
system:Level PointsEasy 3points
Average 5pointsDifficult 7points
3. Thewrittenexaminationshallconsistof50questionsandshallbeansweredbythecontestantswithinTWOhours.
4. Contestantsshallbeprovidedwithpencils,answersheetsandscratchpapers.5. Contestantsshallbeallowedtousenon-programmablecalculatorsonly.6. Contestantshallbeginansweringthequestionswhenthequizmastergivesthego-signal.7. Contestants should submit their answer sheets upon the sound of the buzzer signifying the end of time
allotted.8. Incaseofatieintherankingofthetopeightcontestants,clincherquestionsshallbegivenuntilthedeadlock
isbroken.CONTESTRULESANDMECHANICS(QUARTERFINALSROUND)1. TheQUARTERFINALSROUNDshallbeabuzzertyperound.2. Contestantsshallbegiven30secondstoanswereachquestion.3. Thequarter finals roundshallbe aSINGLEELIMINATIONandaSEEDINGSYSTEMshallbe implemented.
Pleaseseethematchupbelow:MatchupCode Matchups
QF1 Rank1vsRank8QF2 Rank2vsRank7QF3 Rank3vsRank6
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Philippine Institute of Certified Public Accountants Eastern Metro Manila Chapter
Philippine Institute of Certified Public AccountantsMETRO MANILA REGION
PICPA Building, 700 Shaw Boulevard, Mandaluyong City
P. O. Box 12379 Ortigas Center, Pasig CityTelephone No. 723-63-13 723-9225 725-33-37 724-43-66Telefax No. 723-87-60 723-63-14E-mail: [email protected]: www.picpammr.com
MatchupCode MatchupsQF4 Rank4vsRank5
4. Oneachmatchup, the twocontestantsshallcompetewitheachotherand the1st contestantwhoshallgetTHREEcorrectanswersshallwillthematchup.Thewinnersofeachmatchupshalladvancetothesemifinalsround.
5. Thecontestantsshallbegivencopiesofthequestionstoreadalongwiththequizmaster.Thecontestantsmayonlyopen thequestionswhenthequizmastersaysGO.Anycontestantwhoshallviolatethisruleshallbegivenawarningonthe1stoffenseand thecontestantshallbedisqualified from thecompetitionon the2ndoffense.
6. Thecontestant
may
buzz
anytime
provided
that
they
already
written
their
answers
in
the
answer
board.
Any
contestant who shall buzz before writing the answer on the answer board shall be disqualified fromansweringthequestion.Awarningshallbegivenonthe1stoffenseanddisqualificationfromthecompetitiononthe2ndoffense.
7. Ifacontestantincorrectlyansweredaquestion,theothercontestantshallbegivenachancetosteal.Butiftheothercontestantstillansweredthequestionincorrectly,thequizmastershallproceedtothenextquestion.
CONTESTRULESANDMECHANICS(SEMIFINALSROUND)1. TheSEMIFINALSROUNDshallbeabuzzertyperound.2. Contestantsshallbegiven30secondstoanswereachquestion.3. Inthesemifinalsround,theSINGLEELIMINATIONandSEEDINGSYSTEMshallstillbeimplemented.Please
seethematchupbelow:MatchupCode Matchups
SF1 QF1winnervsQF4winnerSF2 QF2winnervsQF3winner
4. Oneachmatchups, the twocontestantsshallcompetewitheachotherandthe1stcontestantwhoshallgetTHREE correct answers shall win the match up. The winners of each match up shall advance to thechampionshipround.
5. NonwinnersofSF1andSF2shallbattleforthe3rdplace. Theruleofthesemifinalsroundshallbeappliedinthebattlefor3rdplace,whereinthetwocontestantsshallcompetewitheachotherandthe1stcontestantwhoshallgetTHREEcorrectanswersshallbedeclaredasthe3rdplace.
6. Thecontestantsshallbegivencopiesofthequestionstoreadalongwiththequizmaster.Thecontestantsmayonlyopen thequestionswhenthequizmastersaysGO.Anycontestantwhoshallviolatethisruleshallbegivenawarningonthe1stoffenseandshallbedisqualifiedfromthecompetitiononthe2ndoffense.
7. Thecontestantmaybuzzanytimeprovidedthattheyalreadywrittentheiranswersintheanswerboard.Anycontestant who shall buzz before writing the answer on the answer board shall be disqualified fromansweringthequestion.Awarningshallbegivenonthe1stoffenseanddisqualificationfromthecompetitiononthe2ndoffense.
8. Ifacontestantincorrectlyansweredaquestion,theothercontestantshallbegivenachancetosteal.Butiftheothercontestantstillansweredthequestionincorrectly,thequizmastershallproceedtothenextquestion.
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Philippine Institute of Certified Public Accountants Eastern Metro Manila Chapter
Philippine Institute of Certified Public AccountantsMETRO MANILA REGION
PICPA Building, 700 Shaw Boulevard, Mandaluyong City
P. O. Box 12379 Ortigas Center, Pasig CityTelephone No. 723-63-13 723-9225 725-33-37 724-43-66Telefax No. 723-87-60 723-63-14E-mail: [email protected]: www.picpammr.com
CONTESTRULESANDMECHANICS(CHAMPIONSHIPROUND)1. TheCHAMPIONSHIPROUNDshallbeabuzzertyperound.2. Contestantsshallbegiven30secondstoanswereachquestion.3. Thetwocontestantsshallcompetewitheachotherandthe1stcontestantwhoshallgetFIVEcorrectanswers
shallbedeclaredasthechampion.4. Thecontestantsshallbegivencopiesofthequestionstoreadalongwiththequizmaster.Thecontestantsmay
onlyopen thequestionswhenthequizmastersaysGO.Anycontestantwhoshallviolatethisruleshallbegivenawarningonthe1stoffenseandshallbedisqualifiedfromthecompetitiononthe2ndoffense.
5. Thecontestantmaybuzzanytimeprovidedthattheyalreadywrittentheiranswersintheanswerboard.Anycontestant who shall buzz before writing the answer on the answer board shall be disqualified fromansweringthequestion.Awarningshallbegivenonthe1stoffenseanddisqualificationfromthecompetitiononthe2ndoffense.
6. Ifacontestantincorrectlyansweredaquestion,theothercontestantshallbegivenachancetosteal.Butiftheothercontestantstillansweredthequestionincorrectly,thequizmastershallproceedtothenextquestion.
AWARDSANDPRIZES1. TheTOPNOTCHERintheELIMINATIONROUNDshallreceiveP1,000.00.2. Thefournon-winnersoftheQUARTERFINALSROUNDshallreceiveP1,000.00each.3. Thewinnersshallreceivethefollowing:
EMMCTaxWhiz P10,000.002ndPlace P 7,000.003rdPlace P 5,000.004thPlace P 3,000.00
4. Thetopfourwinnersshallalsoreceiveplaques,medals,certificatesandfreebiesfromoursponsors.SEPARABILITYCLAUSEIfanyclause,provision,paragraphorpartofthis ImplementingRulesandRegulationsshallbedeclared invalid,such judgment shallnot affect, invalidate,or impair anyotherparthereof,but shallbemerely confined to theclause, provision, paragraph or part directly involved in the controversy in which such judgment has beenrendered.
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