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Students win COIN in Ontario CA challenge
Top students received awards at Toronto luncheon June 14
Toronto, Ontario (June 15, 2010) – Students considering a bright looking future in the Chartered Accounting profession scored some impressive prizes in this year’s edition of the COIN competition. The Institute of Chartered Accountants of Ontario held its annual competition on May 20 to give high school students considering a career as a Chartered Accountant the opportunity to compete, have fun and earn cash prizes. The awards were presented to the Top 20 students and their respective teachers at a luncheon at the Institute in Toronto on June 14.
“COIN is a popular Institute initiative to encourage students to consider becoming a Chartered Accountant,” said Cordie Jagt, Associate Director of Career Information at the Institute. “This year more than 430 students from 129 high schools across the province participated in this highly competitive contest.”
Today, the Institute announced the contest winners from across Ontario. For the two students who tied at the top, the first place prize provincially is $1,500, with the second place winner receiving $1,000 and third place getting $500, and the rest of the Top 20 Honour Roll members each receiving $100 and an invitation to the awards luncheon. There are also separate $100 prizes and certificates of achievement for the top students from each of the participating CA District Associations across the province. In cases where students finished on top in their region and in the top 20 province-wide, they received $200. In the case of ties, both students receive the full prize money.
The Ontario-wide winners are:
• 1st All Ontario (tie) – Simon Quach, Gordon Graydon Memorial Secondary School, Mississauga
• 1st All Ontario (tie) – Cassandra Liu, Albert Campbell Collegiate Institute, Scarborough
• 2nd All Ontario – Wei Pang, Gordon Graydon Memorial Secondary School, Mississauga
• 3rd All Ontario – Oscar Wong, Bayview Secondary School, Richmond Hill
Regional District winners (listed by name, school and student’s hometown):
• 1st Central Ontario District Association – Christine Cullen, Notre Dame Catholic Secondary School, Ajax
• 1st Essex-Kent District Association – Kathryn-Ann Faubert, F.J. Brennan High School, Windsor
• 1st Etobicoke District Association – Stephen Lepone, St. Basil The Great College School, Etobicoke
• 1st Halton-Peel District Association – Simon Quach, Gordon Graydon Memorial Secondary School, Mississauga
• 1st Hamilton District Association – Xue Bai, Westdale Secondary School, Hamilton
• 1st Niagara District Association (tie) – David Adelstein, Sir Winston Churchill Secondary School, St. Catharines and Danielle Hagar, Eden High School, Fonthill
• 1st North Bay Ontario District Association – Nathan Gravelle, Chippewa Secondary School, North Bay
• 1st North York District Association – Charles K.H. Ip, Earl Haig Secondary School, North York
• 1st Ottawa District Association – Ms. Alison Frankish, Earl Of March Secondary School, Kanata
• 1st Quinte District Association – Kaylee McIlmoyle, Campbellford District High School, Campbellford
• 1st Scarborough District Association– Cassandra Liu, Albert Campbell Collegiate Institute, Scarborough
• 1st Sudbury District Association - Florence Hio Ieng Chong, St. Benedict Catholic Secondary School, Sudbury
• 1st Toronto District Association – Faiaz Islam, Satec at W.A. Porter Collegiate Institute, Toronto
• 1st Waterloo-Wellington District Association – Lisa Yan, John F. Ross Collegiate Vocational Institute, Guelph
• 1st Western Ontario District Association – Charles Urquhart, Westminster Secondary School, London
• 1st York District Association – Oscar Wong, Bayview Secondary School, Richmond Hill
To win, the students competed by answering 75-questions at the premises of a firm employing CAs. Think it’s easy? Would you know:
• How to assess inventory market value according to Generally Accepted Accounting Principles (GAAP)?
• The principles of revenue recognition?
• How to assess depreciation?
The 2010 winners knew all that and more.
All of the participants receive a certificate of participation and a chance to find out more about the exciting opportunities offered by a career as a Chartered Accountant.
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About the Institute of Chartered Accountants of Ontario:
The Institute of Chartered Accountants of Ontario is the qualifying and regulatory body of Ontario's more than 33,000 CAs and 5,000 CA students. Since 1879, the Institute has protected the public interest through the CA profession's internationally recognized standards of qualification and conduct. A wide range of organizations and individuals count on Ontario CAs to provide trustworthy and strategic insight, business leadership and financial guidance. The Institute’s website is: www.icao.on.ca and the student website is www.guidetorulingtheworld.ca.
For more information or a photo of the winners, please contact:
Perry Jensen
The Institute of Chartered Accountants of Ontario
69 Bloor St. East Toronto, Ontario M4W 1B3
416-969-4271 or 1-800-387-0735 ext. 271
pjensen@icao.on.ca