IMPLEMENTING RULES AND

REGULATIONS -
NATIONAL MOCKBOARD
EXAMINATION (2018)

Version
Date Revised By Approved by Noted By Details
No.

Matthew U. Roel E. Initial

1 11/03/13 Kristyl Joy D.
Pereye Gopez Hermosilla,CPA Issue

Janine Nicole Annual

2 05/13/14 Adrianne Asser Tamayo, CPA
B.Harve C. Orcena Update

Rushnell B. De Nilo Burgos, CPA, Annual

3 12/27/15 Berlin C.
Taguba III Vera MBA Update

Francoise Dale Annual

4 12/27/16 Arvince Dylan Asser Tamayo, CPA
I. Tabamo Fua Update

John Michael Francis Ricamora, Annual

5 12/15/17 Reynaldo D.
Lamorena, Jr. R. Mujer CPA Update
 TABLE OF CONTENTS

IRR 1.0 BACKGROUND 2

IRR 2.0 OBJECTIVES 2
IRR 3.0 QUALIFICATIONS 3
IRR 4.0 REGISTRATION GUIDELINES 3
IRR 5.0 TIME FRAME AND SCHEDULE 6
IRR 6.0 GENERAL EXAMINATION GUIDELINES 7
IRR 7.0 EXAMINATION SUMMARY 8
IRR 8.0 AWARDS AND RECOGNITIONS 9
IRR 9.0 IRR VIOLATIONS AND SANCTIONS GUIDELINES 9
IRR 10.0 ENFORCEMENT OF THE IMPLEMENTING RULES AND REGULATIONS 10
IRR 11.0 AMENDMENTS OF REVISIONS 11
IRR 12.0 SEPARABILITY CLAUSE 12
IRR 13.0 REPEALING CLAUSE 12
IRR 14.0 EFFECTIVITY 12

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IRR 1.0 BACKGROUND

IRR 1.1 The National Mock Board Examination is a yearly event of the National

Federation of Junior Philippine Institute of Accountants which aims to

uphold academic competencies to a higher degree and prepare the

examinees for their actual CPA Board Examination. It is an event for which
different aspirants from different regions are gathered for 2 days to test

their knowledge and skills in answering 6 Board Exam subjects namely

Financial Accounting and Reporting, Advanced Financial Accounting and

Reporting , Management Accounting and Control, Auditing, Taxation and

Regulatory Framework for Business Transactions. Different test centers are

located in the 13 regions to accommodate bulk number of examinees that

will be joining the said event. The Mock Board Examination is in line of the
accomplishment of the first goal of the Federation, which is to promote

academic excellence.

IRR 2.0 OBJECTIVES

IRR 2.1 To help students test their knowledge and wit in answering the different
Board Exam Subjects;

IRR 2.2 To prepare the students in the actual CPA Board Examination;

IRR 2.3 To increase the level of participation of the local and regional councils with
their involvement in NFJPIA activities; and,
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IRR 2.4 To promote excellence and produce topnotch students that will represent

the organization in the actual CPA Board Examination.

IRR 3.0 QUALIFICATIONS

IRR 3.1 The National Mock Board Examination is a nationwide-simultaneous event

to be conducted by NFJPIA, in cooperation with its partner institutions and

all the regional councils, open for application to students who are bona

fide members of the National Federation - Junior Philippine Institute of

Accountants for the Federation Year 2017-2018.

IRR 3.2 The examinee must be at least in his/her penultimate year of tertiary
education, i.e. 3rd year for a 4-year course and 4th year for a 5-year course.

IRR 4.0 REGISTRATION GUIDELINES

IRR 4.1 The registration period starts on January 03, 2018 and will end on February
01, 2018. Only pre-registered examinees are allowed to take the

examination.

IRR 4.2 No walk-ins will be allowed to take the 2018 National Mock Board
Examination.

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IRR 4.3 LOCAL CHAPTER (LC) REGISTRATION GUIDELINES

IRR 4.3.1 Each examinee, must pre-register with his/her Local Chapter. The
Local Chapter President must fill-out the master list (softcopy)

provided by NFJPIA. This will serve as the final list to be submitted

to their respective Regional Councils. The softcopy of pre-

registration information and the collection of examination fee by

the Local Chapter must be sent to their respective Regional Council

for consolidation purposes on or before February 01, 2018.

IRR 4.3.2 Each examinee must send a copy of their latest resume to their local
chapter Vice President for Academics, to be submitted for

consolidation purposes to the Regional Vice President for

Academics on or before February 01, 2018. The resume must be in

.pdf format and is required to be renamed with the surname, name

and school of the sender.

Example: NotreDameofMarbelUniveristy_Rojas_Lorainne.docx

IRR 4.3.3 The examinee’s school ID must be presented at the start of every
examination day, and is to be checked by the attending proctor.

IRR 4.3.4 All local chapters should strictly follow the given deadline as to the

pre-registration to sufficiently supply the number of materials

needed for the examinees per region.

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IRR 4.4 REGIONAL COUNCIL (RC) REGISTRATION GUIDELINES

IRR 4.4.1 The Regional Council must send a confirmation, as to the number
of pre-registered examinees on or before February 02, 2018, to

the National Vice President for Academics and must deposit the
collection remitted on or before February 05, 2018.

IRR 4.4.2 The Regional Vice Presidents for Academics must send a master list

of all examinees from his/her region (pro-forma to be provided by

NFJPIA). There should be one excel sheet per Local chapter

contained in this file. This, together with the applicants’ resumes,

shall be uploaded to the region’s respective folder in the National

Vice-President for Academics’ Google Drive on or before February

03, 2018. The filename format to be used shall be

Region_NMBE_.xlsx.

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IRR 5.0 TIME FRAME AND SCHEDULE

IRR 5.1 The National Mock Board Examination shall be held simultaneously in

hubs from the regions all over the country on February 17-18, 2017.

IRR 5.2 Each hub shall follow the following matrix as the time frame in conducting

its examination:

Day 1

7:00 – 7:30 General Instructions/Filing up of Forms

7:30 -10:00 Exam 1: Financial Accounting & Reporting

10:00 – 10:15 Short Break

10:15 – 12:45 Exam 2: Auditing

12:45 – 1:45 Lunch Break

1:45 – 4:15 Exam 3: Advanced Financial Accounting & Reporting

Day 2

7:30 -10:00 Exam 4: Management Accounting and Control

10:00 – 10:15 Short Break

10:15 – 12:45 Exam 5: Taxation

12:45 – 1:45 Lunch Break

1:45 – 4:15 Exam 6: Regulatory Framework for Business Transactions

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IRR 6.0 GENERAL EXAMINATION GUIDELINES

IRR 6.1 Examinees are expected to be at the venue at least 1 hour before the
official starting time. This is for the confirmation of their registration and

inspection of calculators

IRR 6.2 Examinees who failed to be at the venue once the exam starts are
considered late. Late comers are not allowed to take the examination of

the subject he failed to attend on time with.

IRR 6.3 Examinees should observe proper behavior during examination proper.
Talking, and/or asking to seatmates are strictly prohibited. Any

questions/clarifications must be addressed directly to the proctor.

IRR 6.4 Any examinee caught cheating will be disqualified in taking the entire

mock board examination.

IRR 6.5 Examinees are allowed to leave the room every after each board subject,
provided that they are done with the exam. Once left the room, they are

not allowed to go inside unless all other examinees are done.

IRR 6.6 Examinees are not allowed to eat inside the examination rooms. They will

be allowed to eat outside and return 15 minutes before the start of the
next exam.

IRR 6.7 Only calculators allowed by Philippine Regulator Commission (non-

programmable calculators) are allowed to be used. Proctors are expected

to inspect the examinees’ calculators before the examination starts. See

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 Professional Regulation Commission Memorandum Circular No. 2004-06

for the list of allowable calculators.

Please see attached PDF for Memroandum Circular 2008-19

IRR 6.8 Examinees using unlisted calculators shall not be allowed to take the

subjects requiring the use of calculators.

IRR 7.0 EXAMINATION SUMMARY

IRR 7.1 Below is the summary of the number of items and corresponding time

allotment for each of the CPA Board subjects.

SUBJECT NO. OF ITEMS TIME ALLOTED

Financial Accounting and Reporting 70 2 hours and 30 minutes
Advanced Accounting 70 2 hours and 30 minutes
Taxation 70 2 hours and 30 minutes
Management Accounting and Control 70 2 hours and 30 minutes
Auditing 70 2 hours and 30 minutes
Regulatory Framework for Business
100 2 hours and 30 minutes
Transaction

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IRR 8.0 AWARDS AND RECOGNITIONS

IRR 8.1 The following awards shall be given to the top performers during the

National Mock Board Exam 2018:

• Top 1-10 Examinees

• Master of Financial Accounting and Reporting

• Master of Advanced Accounting

• Master of Taxation

• Master of Auditing

• Master of Management Accounting and Control

• Master of Regulatory Framework for Business Transacations

• Top 1-10 Performing Local Chapters (for LCs with a minimum of 25

examinees only)

• Most Number of Examinees, Local Chapter Level

• Most Number of Examinees, Regional Council Level

IRR 9.0 IRR VIOLATIONS AND SANCTIONS GUIDELINES

IRR 9.1 The above-mentioned Implementing rules and regulations are for NFJPIA
and related persons information exchange only. The council maintains the

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 relevance and reliability of this document through the strict

implementation of its rules and regulations.

IRR 9.1 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. The decision of the National Vice President for Academics and

will be final and irrevocable.

IRR 10.0 ENFORCEMENT OF THE IMPLEMENTING RULES AND

REGULATIONS

IRR 10.1 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 have
the sole right to interpret the contents of this Implementing Rules and

Regulations and their decision will be binding and irrevocable.

IRR 10.2 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.

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IRR 11.0 AMENDMENTS OF REVISIONS

IRR 11.1 The Federation shall be vested with the exclusive power to revise and

amend the Implementing Rules and Regulations.

IRR 11.2 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 11.3 Any request for amendments and revisions as well as proposed

amendments must initially be reviewed by the National Vice Presidents for

Academics then to be forwarded to the federation for discussion, editing

and final approval and to be noted by the National Adviser.

IRR 11.4 The federation 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 the Executive Board in which the Vice

Presidents for Academics is included.

IRR 11.5 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.

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IRR 12.0 SEPARABILITY CLAUSE

IRR 12.1 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 13.0 REPEALING CLAUSE

IRR 13.1 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 14.0 EFFECTIVITY

IRR 14.1 This Implementing Rules and Regulations shall take effect immediately
after its presentation and approval from the National Executive Board.

PREPARED BY:

REYNALDO D. LAMORENA, JR.

National Vice President for Academics
Notre Dame of Marbel University

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CERTIFIED CORRECT:

MELORIE MICKA S. PEÑA

National Secretary General
Polytechnic University of the Philippines

APPROVED BY:

JOHN MICHAEL R. MUJER GIL ANGELO B. GRONA

National President National Vice President
Colegio de San Juan de Letran – Calamba for Non-Academics
Polytechnic University of the Philippines

LORIE ANNE M. ABRAZALDO DWIGHT LESLIE T. ROMULO

National Vice President National Vice President
for Membership for Finance
Colegio de San Juan de Letran – Calamba Colegio de San Juan de Letran - Calamba

BRYAN KENNETH P. SORIANO CHELSEA DIANNE R. PINEDA

Vice President Vice President
for Communications – NCR for Communications – Luzon
San Beda College Alabang University of Northern Philippines

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 NICOLE BLANCHE D. BORCES JENNIFER D. FEMENTIRA
Vice President Vice President
for Communications – Visayas for Communications – Mindanao
University of San Jose - Recoletos Ateneo de Davao University

MARK DAVID C. FUELLAS MONTESSA P. DESPI

National Vice President National Vice President
for Graphics and Publications for Audit
Far Eastern University – Makati University of San Carlos

CLAUDINE NICOLE D. VALENZUELA MARIELLE S. REYES

Regional Council President Regional Council President
Region I and CAR Region II
University of Baguio University of La Salette

ERNEST DANIELL M. GUEVARRA KATHLEEN M. LEYNES

Regional Council President Regional Council President
Region III Region IV
Baliuag University De La Salle Lipa

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 MARIANNE ROSE B. BRUSOLA ROHI A. YOCARIZA
Regional Council President Regional Council President
Region V Region VI
Divine Word College of Legazpi University of the Philippines – Visayas

FRANCES BERNADETTE BAYLOSIS HANNIEL JOHN B. FLORANNO

Regional Council President Regional Council President
Region VII Region VIII
University of San Jose-Recoletos University of the Eastern Philippines

VYRSACE LYKA S. TOLEDO JAPHET B. ESCRUPOLO

Regional Council President Regional Council President
Region IX Region X and CARAGA
Ateneo de Zamboanga University Mindanao State University – Main Campus

PAULINE E. TOLENTINO ANGEL QUEEN M. SAMORAGA

Regional Council President Regional Council President
Region XI Region XII
Ateneo de Davao University Notre Dame of Marbel University

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 MARY DIANNE B. DELATADO
Regional Council President
National Capital Region
Pamantasan ng Lungsod ng Pasig

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