Institute Of Chartered Accountants Of Ontario

Institute Of Chartered Accountants Of Ontario

June 12, 2009 08:15 ET

Media Advisory: Top High School Business Students Win COIN

Provincial winners gather in Toronto June 15

TORONTO, ONTARIO--(Marketwire - June 12, 2009) - Twenty top business students and their teachers from across the province are being recognized at a June 15 luncheon in Toronto for outstanding achievement in COIN: The CA Challenge. The Institute of Chartered Accountants of Ontario holds this annual competition to give high school students considering a career as a Chartered Accountant the opportunity to compete, have fun and earn some cash prizes.

It's fun, but that's not to say winning is 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?

This year over 430 students from 156 high schools participated in this highly competitive contest. The first place prize provincially is $1,500, second place is $1,000 and the two students who tied for third get $500 each. There are also separate $100 prizes and certificates of achievement for the top students from each of 17 competing CA District Associations in Ontario, and for the top 20 scores overall. The top 20 will receive their awards at the luncheon in Toronto at the Institute.

To be eligible for COIN, a student must have become a member of the Institute's Associate Student Program. In the competition, they took a 75-question test on accounting at the premises of a participating CA firm. All of the participants received a certificate of participation and a chance to find out more about the exciting opportunities offered by a career in Chartered Accounting.

The media is invited to attend the awards presentation in Toronto.



WHAT: COIN awards presentation for high school student winners

WHEN: Monday, June 15 from 11 a.m. until 1:30 p.m.

WHO: Student winners are from across the province, including this
year's top four, who come from Kanata, Scarborough, Mississauga
and North York

WHERE: The Institute of Chartered Accountants of Ontario, 69 Bloor
Street East, Toronto


The Institute can put reporters in touch with participating CAs and students in most Ontario communities. The top three winners province-wide, as well as the top student from each of the represented CA District Associations, will be announced at the ceremony and in a news release on June 15.

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.

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