icfc presentation to the afiiliate-teachers training in baguio

8/6/2019 ICFC Presentation to the Afiiliate-Teachers Training in Baguio

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The Junior FINEXThe Junior FINEXCommitteeCommittee


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JUNIOR FINEXCOMMITTEE

FOR STUDENTS

FINEX

InterInter--Collegiate Finance Competition (ICFC)Collegiate Finance Competition (ICFC)

Campus Tour TalksCampus Tour TalksOJT/Job PlacementOJT/Job Placement


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JUNIOR FINEX COMMITTEEJUNIOR FINEX COMMITTEE

Junior FINEX Committee serves as thevehicle of the FINEX to support theactivities of Finance organizations ofstudents in different schools anduniversities particularly to promoteawareness in financial management.

Initiatives:- Inter-Collegiate Finance Competition

(ICFC)

- now on its 13th year- Campus Tour Talks- On the Job Training/Job Placement


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InterInter--Collegiate FinanceCollegiate Finance

CompetitionCompetitionObjectives of the ICFC:

y Expose Schools and universities to world-class finance education standards

y Serve as a bellwether to ascertain thequality and level of finance educationnationwide

y Provide a forum for identifying anddeveloping the nations emerging financial

elite and their graduatesy Promote networking and friendship, ideasexchange, and cooperation amongparticipants


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CompetitionCompetitiony Launched in 1999 by Finexs Junior Finex

Committee

y

Started with less than 17 competingSchools, all from Metro Manila

y By the 4th year became nationwide withthe most prestigious schools participating

in nationwide eliminations held at differentvenues in Manila, Cebu and Cagayan deOro


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CompetitionCompetitiony 5th edition had simultaneous eliminations in

3 venues through the marvels of theInternet

y 6th edition in 2004 had 79 schoolsrepresenting the very best in Finance andBusiness Education from all over thePhilippines

y 9th edition saw the participation ofSingapore Management University, the firststep towards the internationalization of thecontest


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CompetitionCompetitiony 10th edition three (3) additional international

school from Southeast Asia participated for thecontest.

y 11th edition involved eighty-five (85)participating schools nationwide .

y Chulalongkorn University and AssumptionUniversity both from Thailand; National

University of Singapore all competed for theICFC.

y 12th edition the first in the history of ICFC, aprovincial university won the annual competition- University of the Philippines, Iloilo.


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Months to Remember [Update!]

y ELIMINATION ROUND

Held during September

Registration 7:30 AM / Contest Proper

8:30 AM

Estimated to end by 4:30 PM

y FINALS ROUND

Held during October

Registration 7:30 AM / Contest Proper8:30 AM


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Team Composition(Eliminations)

y Minimum of three (3) and maximum of five (5)members

y Enrolled as a regular student (at least 12 units)

y Participants in any prior ICFC competition aredisqualified to compete

y During the competition 3 are onstage, while 2serve as alternates

y Substitutions could only be done in betweenrounds

y Contestants should bring their School IDs


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Team Composition (Finals)

y Maximum of three (3) members

y All members should have represented the schoolin the Eliminations

y There will be no substitutions allowed in theFinals except to fill in and complete the team


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Competition Procedurey The Quizmaster will draw a number from the fish bowl.

y The corresponding numbered envelope with the question will be distributedto each team.

y Upon signal by the Quizmaster, the teams shall simultaneously open theirenvelopes.

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The Quizmaster will then read the first portion of the question once beforethe teams are given the go-signal to commence solving the question.

y At the end of the time limit, all teams (all venues) will be asked to hold uptheir Answer Cards at the same time.

y The Chairman of the Board of Judges or his duly appointed representativewill then give the right answer to the Quizmaster by raising the correctAnswer Card.

y After all the cards are raised and the correct answer given by the Judges,the Quiz Master will ask those with wrong answers to put down their cardsto make it easier for the auditors to mark and tally the scores of theteam(s) with correct answers.

y NOBODY WILL BE ALLOWED TO RAISE HIS OR HER CARDS ANEW ONCETHEY HAVE BEEN PUT DOWN.


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Protests and Queries

y Protests and queries must be filed by any of the teammembers actively participating in the round to the attention ofor addressed to the Chairman of the Board of Judges of theconcerned site immediately prior to the next question

y Teachers, coaches, school officials, and other team membersnot currently participating in the specific round are all barredfrom raising questions.

y The decision of the Board of Judges is final and allparticipating teams must abide by its decision

y The Board of Judges has the prerogative to penalize anyunacceptable behavior of the contestants via point deductions.


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Qualifying for the Finals

y Twenty (20) local schools will qualify for the finals

y Schools will be divided into groups. There will be a minimumof 5 groups representing Metro Manila, Luzon, and the 3regional sites.

y The top team from each group will automatically qualify

y In case there is a tie for the first place in a group, the tie willbe immediately resolved

y After the cast of topnotchers have been determined, allremaining schools will be ranked according to their total scores

y The remaining top scoring schools will qualify until a roster of20 finalists is completed.

y All tiebreakers are resolved using the Sudden Death format

y The 20 local finalists will be joined by invited internationalschools in the Finals.


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Road to the Finals (An Example)

Five (5)

Automatic

Qualifiers

(Group

Topnotchers)

Next

Fifteen (15)

Top

Scoring

Schools

Nationally

Foreign Schools

Group 1

Group 2

Group 3

Group 4

Group 5

Note: The number of groups can be higher depending

on the number of participants.


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Prizes

yChampion Academic scholarships at the Asian Institute of

Management

x For three (3) team members

x Worth approximately P 900,000 each or USD 20,400 to eachof the 3 members

x Scholarship excludes miscellaneous & lodging expenses

P100,000 in cash

ICFC roving trophy + (ICFC replica trophy)

Medals for each team member


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Prizes

y 1st Runner-up

P 60,000 in cash

1st runner-up trophy

y2nd Runner-up

P 40,000 in cash

2nd runner-up trophy


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Contact Person

Vicente Julian Sarza

Overall Chairman, Junior FINEX

CommitteeTel. No. 885 7000/ 811-4052

Email: [email protected]


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Thank YouThank You

icfc presentation to the afiiliate-teachers training in baguio

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