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IMPLEMENTING RULES AND

REGULATIONS
ON THE 1st PRODIGIES
ASSEMBLY 2017

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Implementing Rules and Regulations on the 1st Prodigies Assembly 2017
National Federation of Junior Philippine Institute of Accountants Region III Council
REVISION HISTORY:

Version
Date Revised By Approved By Noted By Details
No.
Ernest Daniell M. Conrad Allan M. Initial
1 06/30/2017 Hazel Joyce T. Lim
Guevarra Alviz Issue

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Implementing Rules and Regulations on the 1st Prodigies Assembly 2017
National Federation of Junior Philippine Institute of Accountants Region III Council
TABLE OF CONTENTS

BACKGROUND .................................................................................................................................................................................... 4
OBJECTIVES ......................................................................................................................................................................................... 4
ACADEMIC QUIZ BEES ................................................................................................................................................................ 4
TESTIMONIAL ................................................................................................................................................................................ 4
GLOBAL CERTIFICATION SEMINAR ..................................................................................................................................... 5
EVENTS ................................................................................................................................................................................................. 5
QUALIFICATIONS .............................................................................................................................................................................. 5
COVERAGE AND ELIGIBILITY ...................................................................................................................................................... 5
REQUIREMENTS ................................................................................................................................................................................ 6
REGIONAL DISTRICTS ..................................................................................................................................................................... 8
ALL BOARD SUBJECTS CUP ........................................................................................................................................................... 9
GENERAL CONTEST RULES AND MECHANICS ................................................................................................................. 9
DISTRICT ELIMINATION ROUND .........................................................................................................................................10
TESTIMONIAL: THE PRODIGYS FORMULA TO SUCCESS ...............................................................................................11
GLOBAL CERTIFICATION SEMINAR ........................................................................................................................................11
OTHER GUIDELINES ......................................................................................................................................................................11
ENFORCEMENT OF THE IMPLEMENTING RULES AND REGULATIONS ....................................................................11
AMENDMENTS OR REVISIONS ..................................................................................................................................................12
SEPARABILITY CLAUSE ................................................................................................................................................................12
REPEALING CLAUSE ......................................................................................................................................................................12
EFFECTIVITY .....................................................................................................................................................................................12

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Implementing Rules and Regulations on the 1st Prodigies Assembly 2017
National Federation of Junior Philippine Institute of Accountants Region III Council
BACKGROUND

NFJPIA-R3 Council aims to promote academic excellence by adopting measures to foster educational
advancement in the field of Accountancy as stated in the Section 2, Article IV of the 2012 Constitution and
By-Laws of the National Federation of Junior Philippine Institute of Accountants Region 3. The
Academic Events in the 1st Prodigies Assembly which exists to complement the academic curriculum, is
open to all Local Chapters in each district and are designed to motivate students to acquire higher level of
knowledge in the field of accounting. Moreover, some academic events act as qualifying rounds whose
winners advance to the 21st Regional Mid-Year Convention (RMYC) for the final round. This event shall be
exclusive for graduating students that is designed to serve as a tribute for them where they will be
prepared and motivated to be ready for the greatest battle they will face after graduation. Integrated in
this event will be a seminar to help them cope up with the dynamic changes in the accountancy
profession.

OBJECTIVES

ACADEMIC QUIZ BEES

1. To promote academic excellence to all members by expanding their knowledge and understanding of
the accountancy profession through academic competition.
2. 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.
3. To allow the participants to learn new techniques in answering questions in the shortest possible
time as well as handling time pressure which shall serve as preparation for the actual CPA board
examination.
4. To allow the participants to assess their current academic standing as compared with the other
JPIAns in the district.

TESTIMONIAL

1. To inspire the graduating students by letting a CPA board passer share to them his/her route to
reaching the CPA title.
2. To help the graduating students be ready to face the CPA Board Examination by letting the speaker
share techniques and tips he made during reviews and actual examination.
3. To let the participants know what the NFJPIA R3 contributed to the speakers success.
4. To motivate and inspire JPIAns within the district to perform well in their studies and to finish their
course.

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Implementing Rules and Regulations on the 1st Prodigies Assembly 2017
National Federation of Junior Philippine Institute of Accountants Region III Council
GLOBAL CERTIFICATION SEMINAR

1. Promote awareness of the global certifications available to students after graduation, other than the
local CPA title.
2. Open opportunities for BSA and non-BSA graduating students find their best suit among specific fields
under the accounting profession.
3. Expand the graduating students knowledge base in accounting through exposure to real-world
challenges related to their field in a global perspective.
4. Give the graduating students feel of how to take internationally-recognized certifications, which is a
departure from the familiar accounting problems encountered in schools.

EVENTS

The events in the 1st Prodigies Assembly shall be composed of the following:
1. All Board Subject Cup (District Elimination Round)
2. Testimonial: The Prodigys Formula to Success
3. Global Certification Awareness Program: Global Certification Seminar - Certified Information Systems
Auditor (CISA)

QUALIFICATIONS

1. The events for the 1st Prodigies Assembly is open to all graduating students currently enrolled in BS
Accountancy or any other accounting-related courses, acknowledged by JPIA (e.g., BS Accounting
Technology) for the Academic Year 2017 2018 and are bona fide members of NFJPIA-R3 FY 2017
2018 of each district.
2. Participants, including winners, of a particular academic event in prior years can still participate in
the same competition.

COVERAGE AND ELIGIBILITY

Each Local Chapter shall be subject to the following restrictions in terms of participation:

LIMIT ON NUMBER OF QUALIFIED


EVENT COVERAGE
PARTICIPANTS PARTICIPANTS
All Board Maximum of five (5) 4th year and 5th year Financial Accounting and
Subjects Cup participants per Local graduating students Reporting
Elimination Chapter Advanced Financial
Round Accounting and

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Implementing Rules and Regulations on the 1st Prodigies Assembly 2017
National Federation of Junior Philippine Institute of Accountants Region III Council
LIMIT ON NUMBER OF QUALIFIED
EVENT COVERAGE
PARTICIPANTS PARTICIPANTS
Reporting
Regulatory Framework
for Business
Transactions
Taxation
Auditing
Management Accounting
and Control
Testimonial Limit depends on the full All graduating students Inspirational talk from a
capacity of the host who are bona fide fresh board passer from
schools venue members of NFJPIA-R3 Region III that have been a
FY 2017 2018 bona fide member of the
NFJPIA R3
Global Limit depends on the full All graduating students Seminar regarding the
Certification capacity of the host who are bona fide certification for:
Seminar schools venue members of NFJPIA-R3 Certified Information
FY 2017 2018 Systems Auditor

REQUIREMENTS

1. Each Local Chapter must submit the following requirements (in softcopy only):

All Board Subjects (ABS) Cup


A duly accomplished application form to be provided by NFJPIA Region 3. (Participants must be
bona fide members of their Local Chapters quizzers pool.)
Scanned copy of the Endorsement Letter of all contestants of the academic events. (Signed by the
JPIA President, JPIA Adviser and Dean/Program Chairperson).
Payment, if any

Testimonial and Global Certification Seminar (GCS)


Master list of the participants
Payment, if any

2. The following guidelines must be observed in sending the requirements:


The filename format to be used in the requirements are as follows:
o Application form (for the ABS Cup) : 01 Local Chapter_1718_TPA_ABSC_Appform.xlsx

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Implementing Rules and Regulations on the 1st Prodigies Assembly 2017
National Federation of Junior Philippine Institute of Accountants Region III Council
o Master list (for the Testimonial and GCS) : 02 Local
Chapter_1718_TPA_TGCS_Masterlist.xlsx
o Endorsement Letter: 03 Local Chapter_1718_TPA_Endorsement.jpg

Please refer to nfjpiar3_1718_TGCS_Masterlist.xlsx for the template of the master list for the
Testimonial and Global Certification Awareness Seminar.

These two requirements then shall be compiled in one folder and compressed in .zip/.rar format
using the folder name: Local Chapter_1718_TPA_Requirements.rar/zip

Example: Wesleyan University - Philippines

01 WUP_1718_TPA_ABSC_Appform.xlsx
02 WUP_1718_TPA_TGCS_Masterlist.xlsx
03 WUP_1718_TPA_Endorsement.jpg

WUP_1718_TPA_Requirements.rar/zip

The compressed file of the requirements then shall be sent via email to
nfjpiar3.rvpacademics1718@gmail.com on or before August 13, 2017 (Sunday) with the subject
of the email as <Local Chapter>_TPA_Requirements.
Payments, if any, shall be remitted to the Regional Vice President for Finance or to any duly
authorized person before signing the attendance sheet on August 27, 2017 (Sunday). Non-arrival
of participants will still hold the Local Chapter, in which the participant belongs, liable for the
registration fee imposed.
In case the Local Chapter failed to submit the requirements on the deadline set by the Council,
there shall be a 10-point deduction from the overall score of the contestant.

3. 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 (Please see Substitution Form.xlsx)
Scanned copy of Endorsement Letter in accordance with Requirement 1.

Failure to comply with the requirements above would invalidate the substitution of contestants.

4. Each Local Chapter must select and appoint a representative (e.g. VP for Academics) who shall act as
Liaison Officer. 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.

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Implementing Rules and Regulations on the 1st Prodigies Assembly 2017
National Federation of Junior Philippine Institute of Accountants Region III Council
The bona fide person allowed raising concerns, clarifications, complaints and questions to the
Online Academics Committee. Questions coming from other Local Chapter officers shall not be
entertained.
The Liaison Officer may not be substituted by any Local Chapter officer or member.

REGIONAL DISTRICTS

All Local Chapters, duly accredited by the NFJPIA-Region 3 Council, shall be clustered into three districts
based on its geographic location. Please see the groupings of the Local Chapters into three districts
below:

District 1 District 2 District 3


Kolehiyo ng Subic Central Luzon State University Dominican College of Tarlac
Lyceum of Subic Bay College for Research and Tarlac State University
Technology
Ramon Magsaysay Technological College of the Immaculate Baliuag University
University Conception
Asia Pacific College of Advanced Dr. Gloria D. Lacson Foundation Baliwag Polytechnic University
Studies Colleges of San Leonardo
Colegio de San Juan de Letran Dr. Gloria D. Lacson Foundation Bulacan State University
Bataan Colleges of Cabanatuan City
Limay Polytechnic College Eduardo L. Joson Memorial Colegio de San Gabriel Arcangel
College
Tomas Del Rosario College General De Jesus College Dr. Yangas College, Inc.
Angeles University Foundation Manuel V. Gallego Foundation Fernandez College of Arts and
Colleges, Inc. Technology
Don Honorio Ventura PHINMA Araullo University La Consolacion University
Technological State University Philippines
East Central Colleges Our Lady Lyceum of the East Aurora Meycauayan College
of Fatima University
Holy Angel University Wesleyan University Philippines Polytechnic University of the
Aurora Philippines Santa Maria
Bulacan
Holy Cross College St. Marys College of Meycauayan
Jose C. Feliciano College STI Malolos
Foundation
Mabalacat City College
St. Thomas More College Clark

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Implementing Rules and Regulations on the 1st Prodigies Assembly 2017
National Federation of Junior Philippine Institute of Accountants Region III Council
Systems Plus College Foundation
University of the Assumption
City College of Angeles
La Verdad Christian College
Mondriaan Aura Colleges
Note: The table above shall be updated upon membership registration of other local chapters.

ALL BOARD SUBJECTS CUP

GENERAL CONTEST RULES AND MECHANICS

1. Contestants are advised to be at the designated place at least 30 minutes before the time schedule.
2. Contestants must be properly registered and sign the attendance sheet before proceeding to the
competition proper. Certificates of participation shall also be distributed upon registration.
3. Contestants must strictly wear business attire (no maong pants, no rubber shoes). Contestants who
do not comply with the prescribed attire shall NOT BE ALLOWED to join the competition.
4. Late contestants shall be ALLOWED to join the competition. However, he/she shall no longer be
allowed to answer the questions he/she have missed.
5. A judge or board of judges shall be a Certified Public Accountant for the purpose of giving an
intelligent and independent decision.
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 decision of the judge or board of judges is final
and irrevocable.
7. Any contestant who shall be caught cheating shall be automatically disqualified in the competition.
8. After reading the contest rules and mechanics, contestants are given the chance to raise
questions/clarifications.
9. Before proceeding to the next question, the contestants shall be given an allotted time of ten seconds
to raise a protest/clarification, to request for new marker, ink pen or scratch paper, to change their
calculator if it encounters a technical problem, or to raise any other concerns. After the allotted time
has elapsed, the quizmaster shall read the next question, thus, protest, clarification, or any concerns
shall no longer be entertained.
10. Only the protests/clarifications of the contestants shall be entertained.
11. Silence from the audience is requested during the event proper. Coaching from the audience shall be
strictly prohibited. The quizmaster, Academic Committee member, or the Regional Vice President for
Academics reserves the right to do the necessary action to maintain the integrity and orderliness of
the event.
12. Questions/Clarifications with respect to the IRR shall be addressed before the commencement of the
event. Otherwise, it shall no longer be entertained.
13. The Regional Council shall have the exclusive power to interpret the provisions of the IRR and shall be

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Implementing Rules and Regulations on the 1st Prodigies Assembly 2017
National Federation of Junior Philippine Institute of Accountants Region III Council
vested with the power to give sanctions to any contestant who shall violate any provisions in this IRR.
14. In case there are any concerns or protests which are not covered in this IRR, the Regional Council
shall have the absolute power and sole authority to decide and interpret this implementing rules and
regulations upon consultation with the Regional Adviser, on matters which he deems necessary to
preserve and protect the integrity of the event. Should there be any ambiguity encountered by any
party, such should be addressed on a timely basis. The decision of the Regional Council shall be final
and irrevocable

DISTRICT ELIMINATION ROUND

1. The DISTRICT ELIMINATION ROUND, which shall take place during the 1st Prodigies Assembly, shall
be comprised of three rounds namely: Easy, Average and Difficult rounds. In case of tie after the
Difficult Round, clincher questions shall be given to the contestants until the deadlock is broken. Time
allotment, number of items and corresponding points are as follows:

EASY AVERAGE DIFFICULT CLINCHER


Time allotment
Theory problem 10 seconds 10 seconds 10 seconds 10 seconds
Problem requiring computation 30 seconds 40 seconds 60 seconds 30 seconds
Number of items 10 10 10 -
Corresponding points 2 3 5 -

2. The quizmaster shall read each question ONCE. The Regional Vice President for Academics may
extend time prescribed depending on the complexity of the question.
3. Each contestant shall be provided with a copy of the question for every item. The contestants must
not flip the copy of the question until the quizmaster says FLIP. After the quizmaster announces the
question number, the contestant may start reading and answering the question provided. Any
contestant who violates the said provision shall be given a warning for the 1st offense. On the 2nd
offense, the contestant shall be given sanction of accumulating only 50% of his/her total score
garnered in all rounds. Violation of this provision for the 3rd time shall mean disqualification of the
contestant from the competition.
4. Contestants shall only be allowed to manipulate their calculators after the quiz master says GO.
Warning shall be given for the 1st offense. 2nd offense shall mean disqualification from the particular
question while, 3rd offense entails disqualification from the competition.
5. The contestants should answer each question within the time allotted. When the bell rings signaling
the lapse of time allotted, all contestants should stop answering and must immediately raise the board
which corresponds to their answer. Contestants who violate this provision shall not be given any
point even if he/she got the correct answer.
6. Contestants who got the correct answer should continue raising their boards until the quizmaster

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Implementing Rules and Regulations on the 1st Prodigies Assembly 2017
National Federation of Junior Philippine Institute of Accountants Region III Council
mentioned the contestants board number for tabulation of scores. Contestants who got incorrect
answers are suggested not to erase their answers while the quizmaster is calling the board numbers
in case of any protest or questions regarding the particular number.
7. 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. In case of protests or questions, all
contestants should raise their boards to prevent changing of answers. Once the quizmaster starts
reading the next question no subsequent appeal shall no longer be entertained. The decision of the
judge or board of judges regarding any concern/s shall be final and irrevocable.
8. In case there are questions voided by the judge or board of judges, the Regional Vice President for
Academics shall replace the voided questions from the clincher questions.
9. The TOP FIVE contestants from each district with the highest accumulated scores shall advance to the
FINAL ROUND which shall be held in the 21st Regional Mid-Year Convention (RMYC).
10. In case of tie, clincher questions shall be given until the deadlock is broken. The first contestant who
answered the question correctly shall advance to the FINAL ROUND.

TESTIMONIAL: THE PRODIGYS FORMULA TO SUCCESS

1. The speaker shall be a Certified Public Accountant who passed one of the board examinations for the
past two (2) years.
2. The speaker should have been a bona fide member of the NFJPIA R3.

GLOBAL CERTIFICATION SEMINAR

1. The seminar shall be administered by the partner firm in each district.

OTHER GUIDELINES

1. Participants shall sign the attendance sheet before proceeding to the testimonial and seminar.
2. Participants that are not included in the master list shall sign in a separate registration sheet.
2. Payments, if any, of participants shall be given before signing the attendance sheet. Only the
participants who were able to sign and pay shall be registered as official participants.
3. Evaluation Forms shall be distributed at the end of the seminar to allow the participants to evaluate
the effectiveness of the seminar.
4. Certificates shall be provided by the Regional Council to all official participants of the event.

ENFORCEMENT OF THE IMPLEMENTING RULES AND REGULATIONS

1. It shall be the primary duty of the Regional Vice President for Academics to effectively enforce the
provisions of this Implementing Rules and Regulations. The Council also has the sole right to interpret

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Implementing Rules and Regulations on the 1st Prodigies Assembly 2017
National Federation of Junior Philippine Institute of Accountants Region III Council
the contents of this Implementing Rules and Regulations and their decision shall be binding and
irrevocable.
2. 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.

AMENDMENTS OR REVISIONS

1. The Council shall be vested with the exclusive power to revise and amend the Implementing Rules
and Regulations.
2. 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, stating the reasons thereto.
3. 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, editing and final approval and to be noted by the Regional Adviser.
4. The Regional Executive Officers shall have the right to debunk any proposed revisions and
amendments, submitted to them by the Regional 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 Regional Executive Officers in which the
Regional Vice President for Academics is included.
5. Amendments to particular provisions in this Implementing Rules and Regulations shall be allowed
provided that such amendments shall be communicated to stakeholders at least two weeks before it
could take effect.

SEPARABILITY CLAUSE

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.

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.
EFFECTIVITY

This Implementing Rules and Regulations shall take effect immediately after its presentation and
approval from the Assembly. Promulgated in Baliwag, Bulacan this 30th day of June, 2017.

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Implementing Rules and Regulations on the 1st Prodigies Assembly 2017
National Federation of Junior Philippine Institute of Accountants Region III Council
PREPARED BY:

___________________________________________________________
HAZEL JOYCE T. LIM
REGIONAL VICE PRESIDENT FOR ACADEMICS
Tarlac State University

APPROVED BY:

___________________________________________________________ ___________________________________________________________
ERNEST DANIELL M. GUEVARRA IDON CHRISTIAN S. DAVID
REGIONAL PRESIDENT REGIONAL VICE PRESIDENT FOR NON ACADEMICS
Baliuag University Holy Angel University

___________________________________________________________ ___________________________________________________________
MARIA DHANIELLY T. BALATBAT JONAH MARIE M. ROMASANTA
REGIONAL VICE PRESIDENT FOR FINANCE REGIONAL VICE PRESIDENT FOR MEMBERSHIP
Tarlac State University Wesleyan University Philippines

___________________________________________________________ ___________________________________________________________
NESLY JOHN L. TARUC CHRISTIAN P. ICO
REGIONAL VICE PRESIDENT FOR REGIONAL VICE PRESIDENT FOR GRAPHICS AND
COMMUNICATIONS PUBLICATIONS
Baliuag University Lyceum of the East Aurora
___________________________________________________________ ___________________________________________________________
KIM KARLMARX P. BARTOLOME JOSE MARI C. GARCIA
REGIONAL VICE PRESIDENT FOR AUDIT REGIONAL SECRETARY GENERAL
Lyceum of the East- Aurora Tarlac State University

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Implementing Rules and Regulations on the 1st Prodigies Assembly 2017
National Federation of Junior Philippine Institute of Accountants Region III Council
NOTED BY:

___________________________________________________________
CONRAD ALLAN M. ALVIZ, CPA, CISA, CIA, CSRS
REGIONAL ADVISER

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Implementing Rules and Regulations on the 1st Prodigies Assembly 2017
National Federation of Junior Philippine Institute of Accountants Region III Council

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