Institute Of Chartered Accountants Of Ontario

Institute Of Chartered Accountants Of Ontario
Sprott School of Business

Sprott School of Business
Carleton University

Carleton University

December 14, 2010 09:15 ET

Prizes Awarded to CA-Sprott Business Competition Winners

Students Excelled in Entrepreneurial Simulation

TORONTO, ONTARIO--(Marketwire - Dec. 14, 2010) - Teams from Windsor's St. Joseph's Catholic High School and Scarborough's Woburn Collegiate Institute topped their respective categories in the CA-Sprott Business Competition (CA-SBC). On December 10, individual and team finalists competed in the finals of the popular on-line business simulation in the hopes of coming out on top and cashing in on the first place prize. Launched in October, more than 4,900 students from across Ontario took part in the CA-SBC.

Developed by Carleton University's Sprott School of Business and sponsored by the Ontario CA Institute, the CA-Sprott Business Competition (CA-SBC) pits high school students against one another as they experience the joys and challenges of running their own company, all while competing for cash prizes. Players make decisions relating to marketing, accounting, sales and more, while guiding their web-based virtual companies to glorious success or ignominious failure. The CA-SBC also provides high school business teachers with an innovative, hands-on teaching tool for their classrooms.

"The Sprott Business Competition is a free, entertaining and engaging way for students to test business theory in practice and make their classes more fun," said Dr. Jerry Tomberlin, Dean, Sprott School of Business. "This year's competitors were dedicated and creative. We can expect to see many of these potential entrepreneurs entering the ranks of business in the near future and doing very well for themselves and our communities."

This year's prize winners are:

  • Classic (introductory):
    • First place and $500 for the team plus $100 to the school business department
      • Antonio Ciampa and Blaise Gaudette, St. Joseph High School of Windsor
    • Second and $200 for the team
      • Terry Ouyang and Andrew Jiang, The Woodlands School of Mississauga
    • Third and $100 for the team
      • Calvin Zhong, Freid Tong and Teng Hai Jiao, The Woodlands School of Mississauga

  • Xtreme (advanced):
    • First place and $2,500 for the team plus $500 to the school business department
      • Cam MacInnis, Jatheesh Srikantharajah and Derek Shao, Woburn Collegiate of Scarborough
    • Second and $1,000 for the team
      • Vignash Thanmaratnam, Henry Louis, Jay Advaryu and Kevin Li, Woburn Collegiate of Scarborough
    • Third and $500 for the team
      • Shi Da (Gerry) Liu and Aneed Amjad, Jarvis Collegiate of Toronto

The Institute of Chartered Accountants of Ontario is proud to support the CA-Sprott Business Competition because it helps educate young people about entrepreneurship, the life blood of our economy," said Rod Barr, FCA, President and CEO of the Institute. "This year's winners and the other participants also learned something important that many students don't know – business and competition are fun. CAs and other successful business professionals don't just go to work to earn a paycheque; they go because they relish the challenge of solving problems and building dynamic organizations."

About the Institute of Chartered Accountants of Ontario:

The Institute of Chartered Accountants of Ontario is the qualifying and regulatory body of Ontario's 34,000 Chartered Accountants 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 the enforcement of its rules of professional conduct. Ontario CAs contribute greatly to international and domestic investor confidence in the soundness of the Ontario and Canadian economies. The Institute's website is: www.icao.on.ca and the student website is www.guidetorulingtheworld.ca.

About the Sprott School of Business:

Carleton University's Sprott School of Business is the business school of choice for students, employers, business and community members interested in exploring complex business issues. Our innovative programs, interdisciplinary research, collaborative partnerships and outreach are aligned to contribute to, influence and lead business and society by: providing our students with the knowledge to compete; pushing the frontiers of business knowledge; promoting intra-and entrepreneurship; adding value to society and seeking a future that is both ethical and prosperous. We align our teaching, research and partnerships along three core strengths: international focus, innovation and responsible management.

Contact Information

  • The Institute of Chartered Accountants of Ontario
    Perry Jensen
    Director of Media Relations
    416-969-4271 or 1-800-387-0735 ext. 271
    pjensen@icao.on.ca
    or
    Sprott School of Business, Carleton University
    Robin Dunbar
    SBC Program Administrator
    613-520-7565
    robin_dunbar@carleton.ca
    or
    Sprott School of Business, Carleton University
    Kimberley Swartz
    Media and External Relations Officer
    613-520-2600 ext. 1573
    kimberley_swartz@carleton.ca