Posted by geemiz | Posted in JPIA | Posted on 02-01-2011
Tags: CPA mock board, JPIA News
- IMPLEMENTING RULES AND REGULATIONS (IRR)
IN THE CONDUCT OF THE
2011 NATIONAL CPA MOCK BOARD EXAMINATION
NO. 3, SERIES 2010
- IRR 1.0 GENERAL GUIDELINES
IRR 1.1 The National CPA Mock Board Examination is a nationwide-simultaneous event to be conducted by region across the country.
IRR 1.2 The National CPA Mock Board Examination is open for application to students,
Preferably graduating students, who are enrolled in a BS in Accountancy Program.
IRR 1.3 The aspiring examinee for this event must be at least a 3rd year level of a 4-year course, 3rd year level of a 3-year course, or a 4th year level of a 5-year course.
- IRR 2.0 REQUIREMENTS
IRR 2.1 Each examinee must comply with the following requirements (hardcopy):
• Duly accomplished application form from the Office of the National Vice-President for Academics (downloadable at nfjpia.yolasite.com and nfjpia1011.multiply.com).
• 1×1 ID picture (picture must be attached to the registration form).
• Photocopy of school I.D.
• Photocopy of recent registration/enrollment form.
IRR 2.2 All of the listed requirements must be placed in a short brown envelope.
IRR 2.3 There would be an examination fee to be charged to the examinees.
- IRR 3.0 LOCAL CHAPTER (LC) PRE-REGISTRATION GUIDELINES
IRR 3.1 Each aspiring examinee, must pre-register with his LC in his respective school. An examinee must fill-in the necessary information in the provided pre-registration sheet (softcopy) by the NFJPIA. Also, the examinee must pay the examination fee to his respective LC once he pre-registered himself. “No Refund” policy will be strictly implemented.
IRR 3.2 All the hardcopy requirements must be submitted to the LC on or before February 12, 2011.
IRR 3.3 The pre-registration period starts on January 03, 2011 and will end on February 12, 2011. Only those aspiring examinee who pre-registered is allowed to take the CPA mock board examination.
IRR 3.4 The softcopy of pre-registration information and the collection of examination fee by the LC must be sent to their respective Regional Council for consolidation purposes on or before February 14, 2011.
IRR 3.5 All the LCs is highly encourage to abide with the given deadline of the pre-registration procedures for the purpose of supplying sufficient number of test papers and questionnaires for the examinee per region.
- IRR 4.0 REGIONAL COUNCIL (RC) PRE-REGISTRATION GUIDELINES
IRR 4.1 The RC must secure the pre-registration sheets (softcopy), requirements of the examinees (hardcopy), and collection of examination fee from the LCs on or before February 14, 2011.
IRR 4.2 The RC must send a confirmation as to the number of pre-registered examinees as of February 15, 2011 to the assigned National VP for Academics and must deposit on or before same date the collection of fee remitted by the LC.
IRR 4.3 The Regional Vice-President for Academics must assure that all the requirements mentioned above are met. He must submit all the hardcopy requirements of the examinees to the proctor to be sent by NFJPIA during the examination day. In case, applicants can’t submit hardcopy requirements to their respective Regional VP for Academics, he may submit all the necessary requirements upon registration on first day of the examination.
- IRR 5.0 DATES AND SCHEDULE OF EXAMINATION
FEBRUARY 26, 2011 – SATURDAY
7:30 am – 9:30 am – Theory of Accounts
9:30 am – 9:45 am – 15-minute Break
9:45 am – 12:45 pm – Business Law and Taxation
12:45 pm – 1:30 pm – Lunch Break
1:30 pm – 4:30 pm – Management Advisory Services
4:30 pm – 4:45 pm – 15-minute Break
4:45 pm – 6:45 pm – Auditing Theories
February 27, 2011 – Sunday
9:00 am – 12:00 nn – Auditing Problems
12:00 nn – 12:45 pm – Lunch Break
12:45 pm – 3:45 pm – Practical Accounting 1
3:45 pm – 4:00 pm – 15-minute Break
4:00 pm – 7:00 pm – Practical Accounting 2
- IRR 6.0 GENERAL EXAMINATION GUIDELINES
IRR 6.1 Schedule of the 2010 NFJPIA CPA Mock Board Examination was patterned on the actual CPA Board Examination and will be strictly followed.
IRR 6.2 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 6.3 Late comers are not allowed to take the examination of the subject he failed to attend on time with. Hence, he will be allowed to take the next subject that follows.
IRR 6.4 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 6.5 Any examinee caught cheating will make the examinee’s test null and void.
IRR 6.6 An examinee shall sign the attendance sheet every subject he takes. Make sure to properly sign on the attendance sheet after each examination session.
IRR 6.7 Only calculators allowed by PRC (non-programmable calculators) are allowed to be used. Proctors are expected to inspect the examinees calculators before the examination starts. The list of allowed calculators is enumerated below:
Allowable Calculators
Examinees shall be allowed to bring in and use ONLY any of the following calculators that were identified as non-programmable (PRC Memorandum Circular No. 2002-24 dated September 27, 2002).
Casio Standard Scientific Calculators
Fx82TL, Fx911W, Fx570W, Fx992, Fx65, Fx350TL, Fx100W, Fx991W, Fx122S, Fx500A, Fx350TLG,
Fx115W,Fx992S, Fx901, Fx95, FX570MS, Fx991MS, Fx115MS, Fx100Ms, Fx95MS
Casio Standard Calculators (phased-out, still allowed to be used in the examinations)
Fx260, Fx509G, Fx824, Fx82, Fx350HA, Fx520G, Fx992VB Fx82LB , Fx350HB, Fx531LH, Fx991S, Fx82SX,
Fx300SA, Fx546D, Fx991H, Fx82Super, Fx300W, Fx570S, Fx100D, Fx401, Fx570AD, Fx100S, Fx451M,
Fx580, Fx115D, Fx85S, Fx506G, Fx580D, Fx115S, Fx546L, Fx506M, Fx825X, Fx75, Fx509D, Fx531GH
Other Brands
TL30XS, AURORA 2512, AURORA
Calculators whose brand and identifying mark do not appear in the list above provided shall be prohibited in the examinations. For other Allowed Calculators please visit PRC WEBSITE http://www.prc.gov.ph/articles.asp?sid=31&aid=3390
- IRR 7.0 EXAMINATION SUMMARY
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
Auditing Theory – 100 – 2 hours
Auditing problems – 50 – 3 hours
Business Law and Taxation – 70 – 3hours
Management Advisory Services – 70 – 3 hours
Practical Accounting 1 – 50 – 3 hours
Practical Accounting 2 – 50 – 3 hours
Theory of Accounts – 100 – 2 hours
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