The Accounts

The Official Student Publication of University of the Philippines- College of Management, Iloilo City

UP-Iloilo Outwits the WV Cluster in the 10th FINEX ICFC National Elims

From left to right: (Elevated) Leo Magsisi, Jacqueline Ong, Jay Ann Jumawan, Prof. Arthur Barrido, (Lower Line) Krystelle Bolivar and Jan Michael Saniel

University of the Philippines – Iloilo bested the Western Visayas group during the National Eliminations of the 10th FINEX (Financial Executives) Inter-Collegiate Finance Competition (ICFC) held simultaneously in 9 national sites last September 19, 2008.

UP-Iloilo team placed third in the national ranking after Ateneo de Manila University and University of the Philippines – Diliman tied at the top spot and De La Salle University – Manila placing second.

UP-Iloilo’s team is composed of Krystelle Bolivar, Jay Ann Jumawan, Leo Magsisi, Jacqueline Ong and Jan Michael Saniel, all of whom are fifth year BS in Accountancy students with Professor Arthur Barrido of the Accounting Department as coach.

Seven competing teams comprise the Western Visayas group, namely, Binalbagan Catholic College, Carlos Hilado Memorial State College, Central Philippine University, Colegio San Agustin – Bacolod, Fellowship Baptist College, University of St. La Salle, and University of the Philippines – Iloilo.

The 9 national venues are at Northern Luzon, Central and Southern Tagalog, four sites at the National Capital Region, Eastern Visayas, Western Visayas, and one in Mindanao.

The Western Visayas venue was held at Santuario de La Salle at the University of St. La Salle, Bacolod City.

Other schools qualified to the finals are San Sebastian College, St. Scholastica College, University of San Jose – Recoletos, De La Salle University – Dasmarinas, University of St. La Salle, University of San Carlos, Xavier University – Ateneo de Cagayan, University of Cebu – Lapu Lapu & Mandaue, Miriam College, Far Eastern University – Manila, Pamantasan ng Cabuyao, Foundation University, New Era University, University of Baguio, University of the Philippines Visayas – Cebu College, and Manuel S. Enverga University.

The best team in each national site is automatically qualified to the finals and the teams garnering the next top 11 points will complete the roster of the 20 best performing finance teams in the country to compete on October 13, 2008 at the Bangko Sentral ng Pilipinas for the National Final Round.

Four foreign schools are joining in this year’s ICFC, the National University of Singapore, Management University of Singapore, Assumption University of Thailand and Chulalongkorn University (Thailand).

The questions in the ICFC are based on the Chartered Financial Analyst (CFA) Level 1 body of knowledge.

ICFC is an annual event sponsored by the Financial Executives of the Philippines (FINEX) aimed to increase the student’s exposure to the global trends in finance.

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