Institute Of Chartered Accountants Of Ontario

Institute Of Chartered Accountants Of Ontario

June 10, 2008 12:15 ET

Media Release: Students Win COIN in Ontario CA Challenge

Top students received awards at Toronto luncheon June 10

TORONTO, ONTARIO--(Marketwire - June 10, 2008) - Students considering a bright looking future in the Chartered Accounting profession scored some impressive prizes in this year's edition of COIN: The CA Challenge. The Institute of Chartered Accountants of Ontario held its annual competition on May 13 to give high school students considering a career as a Chartered Accountant the opportunity to compete, have fun and earn some cash prizes. The awards were presented to the Top 20 students and their respective teachers at a luncheon at the Institute in Toronto June 10.

"COIN is a popular Institute initiative to encourage students to consider becoming a Chartered Accountant," said Mona Ghiami, Director of Career Information at the Institute. "This year 560 students from 157 high schools in 17 districts participated in this highly competitive contest."

Today, the Institute announced the contest winners from across Ontario. The first place prize provincially is $1,500, with second place getting $1,000 and third collecting $500, with 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 23 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 Place All Ontario - Zhe Liang, Centennial Collegiate, Guelph
- 2nd place All Ontario - Ian Wang, Bell High School, Kanata
- 3rd place All Ontario - Victor Ngai, Woburn Collegiate Institute,
Scarborough

Regional District winners (listed by name, school and student's hometown):

- 1st place Central Ontario District Association - Ravi Trivedi, J. Clarke
Richardson Collegiate, Ajax
- 1st place Essex-Kent District Association - Vanessa Mullins, Essex
District High School, Essex
- 1st place Etobicoke District Association - Lester Paul Lumang,
Michael Power-St. Joseph High School
- 1st place Georgian Bay District Association - Christopher Ing,
Innisdale Secondary School, Barrie
- 1st place Halton-Peel District Association - Mark Fernandez,
St. Francis Xavier Secondary School, Mississauga
- 1st place Hamilton District Association - Chengcheng Xu, Nelson High
School, Burlington
- 1st place Niagara District Association - Spencer Ray, Blessed Trinity
Catholic Secondary School, Grimsby
- 1st place North Bay District Association - Donald Scully, Chippewa
Secondary School
- 1st place Northwestern Ontario District Association - Brittany Beyak,
Atikokan High School
- 1st place North York District Association - Yumin Cui, Early Haig
Secondary School
- 1st place Ottawa District Association - Ian Wang, Bell High School
- 1st place Scarborough District Association - Victor Ngai, Woburn
Collegiate Institute
- 1st place Stormont Dundas Glengarry District Association - Andrew Seguin,
Holy Trinity Catholic High School, Cornwall
- 1st place Toronto District Association - Tie: Douglas Lam, North York
High School, and Arthur Wang, Lawrence Park Collegiate Institute
- 1st place Waterloo-Wellington District Association - Zhe Liang,
Centennial Collegiate, Guelph
- 1st place Western Ontario District Association - Caroline Rose,
A.B. Lucas Secondary School, London
- 1st place York District Association - David To, Richmond Hill High School


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 2007 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.

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 32,000 CAs and 4,000 CA students. Since 1879, the Institute has protected the public interest through the CA profession's high standards of qualification and the enforcement of its rules of professional conduct. Recognized internationally, the CA designation denotes financial expertise, strategic thinking, business insight and leadership. The Institute website is: www.icao.on.ca and the student website is www.ca2b.biz.

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