P. O. Box 12379 Ortigas Center, Pasig CityTelephone No. 723-63-13 723-922 72-33-37 72!-!3-66Tele"ax No. 723-#7-6$ 723-63-1!%-&ail' in"o(pi)pa&&r.)o& *e+site' ,,,.pi)pa&&r.)o&Philippine Institute of Certified Public Accountants-%T.O -/N01/ .%20ONP0CP/ B3il4ing, 7$$ 5ha, Bo3le6ar4, -an4al3yong CityPHILIPPINE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS EASTERN METRO MANILA CHAPTER (PICPA EMMC)IN PARTNERSHIP WITHNATIONAL FEDERATION OF JUNIOR PHILIPPINE INSTITUTE OFACCOUNTANTS NATIONAL CAPITAL REGION COUNCIL (NFJPIA NCRC)ANDPAMANTASAN NG LUNGSOD NG PASIG JUNIOR PHILIPPINE INSTITUTE OF ACCOUNTANTS (PLP JPIA)PRESENTSTHE TAX AND FURIOUS 7:The Searh !"r #he EMMC Ta$ Wh%& 'ear 7I()*e(e+#%+, r-*e. a+/ re,-*a#%"+. (IRR) The Searh !"r #he EMMC Ta$ Wh%& 'ear 7 I()*e(e+#%+, R-*e. a+/ Re,-*a#%"+.Pa,e0 "! 1Ph%*%))%+e I+.#%#-#e "! Cer#%2e/ P-3*% A"-+#a+#. Ea.#er+ Me#r" Ma+%*a Cha)#er P. O. Box 12379 Ortigas Center, Pasig CityTelephone No. 723-63-13 723-922 72-33-37 72!-!3-66Tele"ax No. 723-#7-6$ 723-63-1!%-&ail' in"o(pi)pa&&r.)o& *e+site' ,,,.pi)pa&&r.)o&Philippine Institute of Certified Public Accountants-%T.O -/N01/ .%20ONP0CP/ B3il4ing, 7$$ 5ha, Bo3le6ar4, -an4al3yong CityTABLE OF CONTENTSGENERAL GUIDELINES........................................................................................................3REQUIREMENTS..................................................................................................................3CONTEST RULES AND MECHANICS (GENERAL)...................................................................3CONTEST RULES AND MECHANICS (ELIMINATION ROUND)................................................4CONTEST RULES AND MECHANICS (FINAL ROUND)............................................................4AWARDS AND PRIZES.........................................................................................................5SEPARABILITY CLAUSE........................................................................................................6The Searh !"r #he EMMC Ta$ Wh%& 'ear 7 I()*e(e+#%+, R-*e. a+/ Re,-*a#%"+.Pa,e4 "! 1Ph%*%))%+e I+.#%#-#e "! Cer#%2e/ P-3*% A"-+#a+#. Ea.#er+ Me#r" Ma+%*a Cha)#er P. O. Box 12379 Ortigas Center, Pasig CityTelephone No. 723-63-13 723-922 72-33-37 72!-!3-66Tele"ax No. 723-#7-6$ 723-63-1!%-&ail' in"o(pi)pa&&r.)o& *e+site' ,,,.pi)pa&&r.)o&Philippine Institute of Certified Public Accountants-%T.O -/N01/ .%20ONP0CP/ B3il4ing, 7$$ 5ha, Bo3le6ar4, -an4al3yong CityGENERAL GUIDELINESNoo!"#$ %#&'()*+ #&(A!!,)- S()*.&/o* #&(EMMCT)0 W&"1 .o!#"!,($ #o ,2&o-3#&(.o42(#(!.'o/ )..o,!#)!.'$#,3(!#$"!T)0)#"o!. Ho$#(35'PICPA6EMMC"!2)*#!(*$&"2"#&PLP67PIA+ #&"$ "!#(*6$.&oo- ).)3(4". 8,"1 5(( .o42(#"#"o! "$ o2(! #o )-- )..o,!#)!.' $#,3(!#$ )!3$&)-- .o9(* !)#"o!)- "!#(*!)- *(9(!,( #)0($ "! #&( :;;% T)0 Co3(+ )$ )4(!3(3. T&( .o42(#"#"o! $&)-- 5( 3"9"3(3 "!#o #o *o,!3$ !)4(-' *(8,"*(4(!#$ ("! SOFT COP' o!-')< D,-' )..o42-"$&(3 A22-".)#"o! Fo*4 S.&oo- -o>o )!3 7PIA -o>o :0: .o-o*(3 2".#,*( o/ #&( *(2*($(!#)#"9(?$ "! .o*2o*)#( )##"*( "#& &"#( 5).@>*o,!33. A-- #&( *(8,"*(4(!#$ $&)-- 5( $(!# 9") (4)"- )# (44.#)0&"1%A>4)"-..o4 o! o* 5(/o*( 7,-':B+ =B:5.4. S,5$#"#,#"o! o/ *(2*($(!#)#"9($ $&)-- 5( )--o(3 o!-' ,!#"- 7,-' :3+ =B:5. 5. W)-@6"! .o!#($#)!#$ $&)-- NOT 5( )--o(3 #o Co"! #&( .o42(#"#"o!.6. Fo* )!' 8,($#"o!$+ 'o, 4)' .o!#).# M)*") F-o*3"-"$) I!3)' F-o* D. C)--,(!>+ NF7PIA6NCR D".(P*($"3(!# /o* Co44,!".)#"o!$ E E)$# (P*oC(.# H()3)+ )# B;B56F5F66;%: o* L($-"( D(*>)*)+ PLP67PIA P*($"3(!# (P*oC(.# Coo*3"!)#o*) )# B;4%635B 6B5: o* #&*o,>& (4)"- )#(44.#)0&"1%A>4)"-..o4.CONTEST RULES AND MECHANICS (GENERAL):. R(>"$#*)#"o!$&)-- $#)*#)#F+ A-.)-3( 7o$(+ P)$"> C"#'. A--.o!#($#)!#$ )*( *(8,"*(3 #o *(>"$#(* )# -()$# 3B 4"!,#($5(/o*( #&( .o!#($# (-"4"!)#"o!$ 5(>"!.=. T&(ELIMINATION ROUND$&)-- $#)*# )#(0).#-' :B( o* 5o)*3 o/ C,3>($ "$ G!)- )!3 "**(9o.)5-(.4. PICPA6EMMC $&)-- &)9( #&( (0.-,$"9( 2o(* #o "!#(*2*(# #&( 2*o9"$"o!$ o/ #&( IRR )!3 $&)-- 5(9($#(3 "#& #&( 2o(* #o >"9( $)!.#"o!$ #o )!' .o!#($#)!# &o $&)-- 9"o-)#( )!' 2*o9"$"o!$ "!#&"$ IRR.5. I! .)$( #&(*( )*( )!' .o!.(*!$ o* 2*o#($#$ &".& )*( !o# .o9(*(3 "! #&"$ IRR+ #&( PICPA6EMMC$&)-- &)9( #&( )5$o-,#( 2o(* )!3 $o-( ),#&o*"#' #o 3(."3( )!3 "!#(*2*(# #&( "42-(4(!#"!>*,-($ )!3 *(>,-)#"o!$o/#&( .o42(#"#"o! o! 4)##(*$&".& #&(-)##(* 3((4$!(.($$)*'#o2*($(*9( )!3 2*o#(.# #&( "!#(>*"#' o/ #&( (9(!#. S&o,-3 #&(*( 5( )!' )45">,"#' (!.o,!#(*(3The Searh !"r #he EMMC Ta$ Wh%& 'ear 7 I()*e(e+#%+, R-*e. a+/ Re,-*a#%"+.Pa,e6 "! 1Ph%*%))%+e I+.#%#-#e "! Cer#%2e/ P-3*% A"-+#a+#. Ea.#er+ Me#r" Ma+%*a Cha)#er P. O. Box 12379 Ortigas Center, Pasig CityTelephone No. 723-63-13 723-922 72-33-37 72!-!3-66Tele"ax No. 723-#7-6$ 723-63-1!%-&ail' in"o(pi)pa&&r.)o& *e+site' ,,,.pi)pa&&r.)o&Philippine Institute of Certified Public Accountants-%T.O -/N01/ .%20ONP0CP/ B3il4ing, 7$$ 5ha, Bo3le6ar4, -an4al3yong City5')!'2)*#'+ $,.&$&o,-35(*)"$(3)!3)33*($$(3o!)#"4(-'4)!!(*.T&(3(."$"o!o/PICPA6EMMC $&)-- 5( G!)- )!3 "**(9o.)5-(.6. A/#(* #&( *()3"!> o/ #&( .o!#($# *,-($ )!3 4(.&)!".$+ .o!#($#)!#$ )*( >"9(! #&( .&)!.( #o*)"$( 8,($#"o!$? .-)*"G.)#"o!$.%. D,*"!> #&( FINAL ROUND+ #&( .o!#($#)!#$ $&)-- "44(3")#(-' *)"$()2*o#($#?.-)*"G.)#"o!+*(8,($# /o* !( 4)*@(*+ 5)--2(! o* $.*)#.& 2)2(*+ .&)!>( #&("* .)-.,-)#o* "/ "# (!.o,!#(*$ )#(.&!".)- 2*o5-(4+ o* *)"$( )!' o#&(* .o!.(*!$ 5(/o*( 2*o.((3"!> #o #&( !(0# 8,($#"o!.A/#(*#&( )--o##(3 #"4( &)$ (-)2$(3+ #&( 8,"14)$#(* $&)-- *()3 #&( !(0# 8,($#"o!. P*o#($#+.-)*"G.)#"o!+ o* )!' o#&(* .o!.(*!$ $&)-- !o -o!>(* 5( (!#(*#)"!(3. F. D,*"!> #&( FINAL ROUND+ .o!#($#)!#$ $&)-- 5( 2*o9"3(3 "#& )!$(* 5o)*3$. O!-' )!$(*$*"##(! o! #&( )!$(* 5o)*3 $&)-- 5( .o!$"3(*(3. A55*(9")#"o!$ )*( !o# )--o(3 ,!-($$ .-()*-'$#"2,-)#(3 "! #&( 8,($#"o!.;. A!'.o!#($#)!#&o$&)-- 5(.),>.&()#"!>$&)-- 5(),#o4)#".)--'3"$8,)-"G(3/*o4#&(.o42(#"#"o!.:B.A!'.o!#($#)!# &o/)"-(3#o.o42-'"#&(*,-($$&)-- 5(>"9(!))*!"!>o!#&(:$#oH(!$( )!3 $&)-- 5( ),#o4)#".)--' 3"$8,)-"G(3 "! #&( .o42(#"#"o! o! #&("* =!3 oH(!$(. CONTEST RULES AND MECHANICS (ELIMINATION ROUND):. I! #&( ELIMINATION ROUND+ .o!#($#)!#$ $&)-- 5( >"9(! ) *"##(! (0)4"!)#"o! #o 3(#(*4"!(#&( #o2 :B .o!#($#)!#$ &o $&)-- 8,)-"/' /o* #&( FINAL ROUND. =. T&(*"##(!(0)4"!)#"o!$&)-- .o!$"$# o/ #&(o*')!32*o5-(46$o-9"!>8,($#"o!$"#&(/o--o"!> 2o"!#"!> $'$#(4*)44)5-( .)-.,-)#o*$ o!-'.6. Co!#($#)!#$ $&)-- 5(>"! )!$(*"!> #&( 8,($#"o!$ &(! #&( 8,"14)$#(* >"9($ #&( >o6$">!)-. %. Co!#($#)!#$ $&)-- $,54"# #&("* )!$(* $&((#$ ,2o! #&( $o,!3 o/ #&( 5,11(* $">!"/'"!> #&( (!3o/ #"4( )--o##(3. F. I! .)$( o/ ) #"( "! #&( *)!@"!> o/ #&( #o2 :B .o!#($#)!#$+ .-"!.&(* 8,($#"o!$ $&)-- 5( >"9(!,!#"- #&( 3()3-o.@ "$ 5*o@(!. CONTEST RULES AND MECHANICS (FINAL ROUND):. A-- $.o*($ $&)-- *(9(*# #o 1(*o "! #&( FINAL ROUND.=. T&( FINAL ROUND $&)-- $"4,-)#( ) I*).(J &(*( #&( .o!#($#)!#$ $&)-- .o9(* I@"-o4(#(*$J )$2o"!#$. 3. E).& .o!#($#)!# $&)-- &)9( ) #)!@ .o!#)"!"!> I/,(-J #o $2(!3 o! ().& 8,($#"o! (0.(2# /o* IP"#S#o2 Q,($#"o!$J (3"$.,$$(3 "! No. %). E).& .o!#($#)!# $&)-- $#)*# "#& 65B -"#(*$ o/ /,(-.The Searh !"r #he EMMC Ta$ Wh%& 'ear 7 I()*e(e+#%+, R-*e. a+/ Re,-*a#%"+.Pa,e9 "! 1Ph%*%))%+e I+.#%#-#e "! Cer#%2e/ P-3*% A"-+#a+#. Ea.#er+ Me#r" Ma+%*a Cha)#er LE:EL POINTSEa.; 6 P"%+#.A 2o"!#$ $&)-- 3(2(!3 o! #&( -(9(- o/ 3"K.,-#' o/ #&( 8,($#"o!$ )$ 3(#(*4"!(35' PICPA6EMMC "#& #&( /o--o"!> 2o"!#"!> $'$#(4"!> /*o4 3B #o 5B -"#(*$.%. A .o!#($#)!# &o *,!$ o,# o/ /,(- "! #&( 4"33-( o/ #&( >)4( $&)-- 5( ),#o4)#".)--' *(4o9(3/*o4 #&( *).(. Ho(9(*+ ) .o!#($#)!# &o *,!$ o,# o/ /,(- IMMEDIATEL' BEFORE ) P"# S#o2Q,($#"o! $&)-- 5( (!#"#-(3 #o )!$(* #&( 5o!,$ 8,($#"o!.F. P"# S#o2 Q,($#"o!$ )*( 5o!,$ 8,($#"o!$ &".&DO NOT*(8,"*( $2(!3"!> /,(-. T&(.o!#($#)!#$ 4)' ()*! )! )33"#"o!)- :5B -"#(*$ o/ /,(- "/ #&(' >(# #&( 8,($#"o! *">+ o#&(*"$(+!o!( $&)-- 5( >"9(!.;. Q,($#"o!$ $&)-- 5(2".@(3*)!3o4-'5'#&(8,"14)$#(*. T&(8,"14)$#(*$&)-- *()3#&(/o--o"!> "!/o*4)#"o! #".(< Q,($#"o! .)#(>o*' (T)0 o! I!3"9"3,)-$+ T)0 o! Co*2o*)#"o!$+ T*)!$/(* )!3 B,$"!($$ T)0($+E0."$( T)0 )!3 Do.,4(!#)*' S#)42 T)0) D"$#)!.( ("! LMS) .o9(*(3 "/ )!$(*(3 .o**(.#-' L"#(*$ o/ /,(- #o 5( $2(!#:B.T&( .o!#($#)!#$ $&)-- &)9( FI:E$(.o!3$ #o 3(."3( &(#&(* #o )!$(* #&( 8,($#"o! o* !o#.T&( .o!#($#)!#$ $&o,-3 *)"$( ) *(3 M)> #o "!3".)#( #&)# &(?$&( &)$ )5$#)"!(3 /*o4 )!$(*"!>#&( 8,($#"o!.I/ #&( .o!#($#)!# .&o$( #o )5$#)"! /*o4 )!$(*"!> #&( 8,($#"o!+ &(?$&( $&)--NOT$2(!3 /,(-5,# &(?$&( $&)-- !o# .o9(* #&( 3"$#)!.( ("! LMS)3($2"#( @!o"!> #&( *">)!$(*.::.A/#(* .o42-(#"!>#&(IA5$#"!(!.(P&)$(J+().&.o!#($#)!# $&)-- 5(>"9(!.o2"($ o/ #&(8,($#"o!$ #o *()3 )-o!> "#& #&( 8,"14)$#(*. T&( .o!#($#)!#$ 4)' o!-' o2(! #&( 8,($#"o!$&(! #&( 8,"14)$#(* $#)*#$ *()3"!> #&( $)4(. A!' .o!#($#)!# &o $&)--9"o-)#( #&"$ *,-($&)-- 5( >"9(! ) )*!"!> o! #&( :$# oH(!$( )!3 #&( .o!#($#)!# $&)-- 5( 3"$8,)-"G(3 /*o4 #&(.o42(#"#"o! o! #&( =!3 oH(!$(.:=.A-- .o!#($#)!#$$&)-- 5(>"9(!:B$(.o!3$#o)!$(*#&(o*'8,($#"o!$)!36B$(.o!3$#o)!$(* 2*o5-(4 $o-9"!> 8,($#"o!$. T&( #"4(* $&)-- $#)*# &(! #&( 8,"14)$#(* $)'$ IGoNJ:3.A-- .o!#($#)!#$ $&)-- )!$(* #&( 8,($#"o! )!3 *)"$( #&("* )!$(*$ )# #&( $)4( #"4((Co!#($#)!#$ &o )5$#)"!(3 $&)-- 5( /o*5"33(! #o *)"$( #&("* )!$(* 5o)*3$).:4.T&( FINAL ROUND $&)-- (!3 &(! o!( o/ #&( /o--o"!> .o!3"#"o!$ "$ 4(#< W&(! o!( o/ #&( .o!#($#)!#$ &)9( .o9(*(3 =+:5B @"-o4(#(*$O W&(! )-- o/ #&( 8,($#"o!$ &)9( )-*()3' 5((! >"9(!O o* W&(! )-- o/ #&( .o!#($#)!#$ &)9( !o 4o*( o* !o# (!o,>& /,(- #o $2(!3 o! #&( *(4)"!"!>8,($#"o!$.:5.A# #&( (!3 o/ #&( FINAL ROUND+ *)!@"!> $&)-- 5( 5)$(3 o! #&( /o--o"!> o*3(*MSAMSD%=-*# 488 >MSP. O. Box 12379 Ortigas Center, Pasig CityTelephone No. 723-63-13 723-922 72-33-37 72!-!3-66Tele"ax No. 723-#7-6$ 723-63-1!%-&ail' in"o(pi)pa&&r.)o& *e+site' ,,,.pi)pa&&r.)o&Philippine Institute of Certified Public Accountants-%T.O -/N01/ .%20ONP0CP/ B3il4ing, 7$$ 5ha, Bo3le6ar4, -an4al3yong City T&( #o2 #&*(( .o!#($#)!#$ "#& #&( -o!>($# 3"$#)!.( ("! LMS) .o9(*(3 $&)-- 5( 3(.-)*(3 )$:$# 2-).(+ =!3 2-).( )!3 3*3 2-).(+ *($2(.#"9(-'. I! .)$( o/ ) #"(+ #&( .o!#($#)!# "#& #&( &">&(* !,45(* o/ -"#(*$ o/ /,(-$&)--5( >"9(!2*"o*"#'. I/ #&(*( "$ $#"-- ) #"(+ .-"!.&(* 8,($#"o!$ $&)-- 5( )$@(3 ,!#"- #&( 3()3-o.@ "$ 5*o@(! #&*o,>&) $,33(! 3()#& 4)#.&.AWARDS AND PRI?ES:. T&( TOP THREE "! #&( ELIMINATION ROUND $&)-- *(.("9( P:+BBB.BB ().&.=. T&( "!!(*$ "! #&( FINAL ROUND $&)-- *(.("9( #&( /o--o"!>*)2& o* 2)*# o/ #&"$ I42-(4(!#"!> R,-($ )!3 R(>,-)#"o!$ $&)-- 5(3(.-)*(3 "!9)-"3+ $,.& C,3>4(!# $&)-- !o# )H(.#+ "!9)-"3)#(+ o* "42)"* )!' o#&(* 2)*# &(*(o/+ 5,#$&)-- 5(4(*(-'.o!G!(3#o#&(.-),$(+ 2*o9"$"o!+ 2)*)>*)2&o* 2)*#3"*(.#-'"!9o-9(3"!#&(.o!#*o9(*$' "! &".& $,.& C,3>4(!# &)$ 5((! *(!3(*(3.The Searh !"r #he EMMC Ta$ Wh%& 'ear 7 I()*e(e+#%+, R-*e. a+/ Re,-*a#%"+.Pa,e1 "! 1Ph%*%))%+e I+.#%#-#e "! Cer#%2e/ P-3*% A"-+#a+#. Ea.#er+ Me#r" Ma+%*a Cha)#er