IMPLEMENTING

RULES AND REGULATIONS

IRR 1.0 BACKGROUND
IRR 1.1 The Franco Cup is an annual academic event of the Junior Philippine
Institute of Accountants - San Beda College (JPIA-SBC) which is held to
commemorate one of the professors of the Department of Accountancy and
Taxation, Professor Herminio Franco, who became the first chairperson of
the department after the division of Bachelor of Science in Commerce Major
in Accountancy and Marketing into different courses.

This event is an intercollegiate quiz bowl sponsored by the organization to

promote camaraderie and friendship with other colleges and universities in
the region.

IRR 2.0 OBJECTIVES

IRR 2.1 To promote academic excellence among students through a healthy
competition that will enhance their knowledge, test their skills and improve
their analysis in the different accounting subjects.

IRR 2.2 To promote sportsmanship, camaraderie, and harmonious relationship

among participants from the different schools and to encourage unity
among them.

IRR 2.3 To show the culture, values and Hallmarks of a Benedictine institution and
to promote the Benedictine value of Ora et Labora (Prayer and Work).

IRR 3.0 GENERAL GUIDELINES

IRR 3.1 The Franco Cup is an inter-school quiz bee competition that covers all
CPA board exam subjects.

IRR 4.0 QUALIFICATIONS

IRR 4.1 The contestant must be a bona fide member of JPIA and is currently enrolled
in Bachelor of Science in Accountancy for the Academic Year 2016-2017.

IRR 4.2 This years quiz bee is group competition. Each local chapter must form a
group consists of three (3) members. A local chapter can send maximum of
two (2) groups. Aside from this, each school may have a maximum of two
(2) expectators.
IRR 4.3 Change of contestant representing his/her school shall not be allowed
during the day of competition. Only pre-registered participants shall be
allowed to join the competition.

IRR 5.0 REQUIREMENTS

IRR 5.1 Each contestant must accomplish the application form provided by
JPIASBC and submit the said form to jpiasbc1617@gmail.comand a carbon
copy to plazaemmalyn@yahoo.com on or before March 8, 2017.

IRR 5.2 The contestants and companions/spectators must also accomplish the
online registration provided by JPIA-SBC.

IRR 6.0 GENERAL CONTEST RULES

IRR 6.1 Contestants must be at the designated place at least 30 minutes before the
time schedule.

IRR 6.2 Contestants must be properly registered and have signed the attendance
sheet before proceeding to the competition proper.

IRR 6.3 Late contestants shall be allowed to join the competition. However, he/she
shall no longer be allowed to answer the questions he/she has missed.
Hence, all latecomers shall automatically receive a zero point for question/s
already read and answered. Latecomers are entitled to answer only the
remaining questions in the said round.

IRR 6.4 Participants are the only ones given a chance to raise any protest, queries,
or any other clarifications, and this will be every after question each round.

Once the next question has been flipped and the quizmaster has started
reading the first word of the problem/question, there will be no
protest/clarification entertained for previous items.

IRR 6.5 The decision of the Board of Judges is final and irrevocable.
 IRR 7.0 CONTEST MECHANICS
IRR 7.1 This years Franco Cup is group quiz bee which covers all the six (6) board
examination subjects namely: (1) Financial Accounting and Reporting; (2)
Advanced Accounting and Reporting; (3) Auditing; (4) Management
Advisory Services; (5) Regulatory Framework and Business Transaction
and; (6) Taxation

IRR 7.2 The quiz bee is comprised of three (3) rounds: Easy, Average and Difficult
Round. Each set of round has 15 questions to be answered within the time
allotted.

IRR 7.3 The participants are given the following time allotments and corresponding
points in answering the questions:

EASY AVERAGE DIFFICULT CLINCHER

Time Allotment (Theory) 15 seconds 15 seconds 15 seconds 15 seconds
Time Allotment (Problem) 30 seconds 45 seconds 60 seconds 30 seconds
Total Number of Items per Round 15 questions 15 questions 15 questions
Corresponding Points 2 points 4 points 6 points

IRR 7.4 Copy of the questions will be given to each group.

IRR 7.5 The contestants are not allowed to peek in the questionnaire until the
quizmaster says the word FLIP.

IRR 7.6 The contestants are only allowed to manipulate their calculators only after
the quizmaster has said the word GO.

IRR 7.7 After the time allotted, the participants must raise their answer boards
immediately.

IRR 7.8 The top three (3) groups who got the highest scores for each quiz bee will
be awarded accordingly.
 Prepared by:

EMMALYN A. PLAZA
DIRECTOR FOR ACADEMICS, JPIA-SBC

Noted by:

IRISH DANIELLE L. LOMITAO

PRESIDENT, JPIA-SBC

Approved by:

DR. JACKQUI R. MORENO, CPA, MBA

CHAIRPERSON, DEPARTMENT OF ACCOUNTANCY AND TAXATION