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AND REGULATIONS
(IRR)
IN THE CONDUCT OF
LEDESMA CUP 2020
REVISION HISTORY
1. This contest is open for the local chapter members of the National
Federation of Junior Philippine Institute of Accountants- National
Capital Region during the Federation Year 2019-2020.
2. Each local chapter shall send one (1) participant for each level of the
contest. Each must have the following requirements on or before:
February 9, 2020.
3. All contestants must be at the Function Hall A, fifteen (15) minutes
before the contest starts. Late comers will still be accommodated.
However, he/ she shall no longer be allowed to answer the questions
he/she have missed.
4. The contest shall have three levels namely:
Level Subjects
1 Financial Accounting and Reporting
Advance Financial Accounting and Reporting
2 Management Advisory Services
Auditing
3 Regulatory Framework for Business Transactions
Taxation
4. The contestants should raise their answer boards upon hearing the
buzzer signaling that the time is up. Failure to do so, three (3)
seconds after the buzzer will disqualify the contestant for that
particular question and will not be given any points even if the
contestant’s answer is correct.
5. Contestants may neither glance nor talk to their seatmates during the
contest proper.
6. Protests shall be raised to the panel of judges before the next
question is read. Otherwise, it will not be entertained.
RULING ON CONTESTANT’S ANSWERS
1. After the final answer has been announced by the quizmaster to the
contestants, the quizmaster may entertain protests and questions.
2. Only the contestants are allowed to raise queries, clarifications,
questions and/or protests.
3. All queries, clarifications, questions and/or protests shall be addressed
to the panel of judges. The decision of the panel of judges is final and
irrevocable.
4. Once the next question has been distributed, queries, clarifications,
questions and/or protests will not be entertained.
Offenses
Declaration of Winners
Equivalent
Ranks
Points
1st 15
2nd 10
3rd 5
5. The local chapter with the highest accumulated scores from each
level shall be entitled of the Ledesma Cup.