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 12, 2011 09:48 ET

Prizes Awarded to CA-Sprott Business Competition Winners

Students Excelled in Entrepreneurial Simulation

TORONTO, ONTARIO--(Marketwire - Dec. 12, 2011) - Teams from Scarborough's Woburn Collegiate Institute and Windsor's St. Joseph's Catholic High School topped their respective categories in the CA-Sprott Business Competition (CA-SBC), an on-line business simulation. Just under 5,000 students from across Ontario took part in the CA-SBC, which ran between September and the finals in December.

Developed by Carleton University's Sprott School of Business and sponsored by the Ontario CA Institute, the 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 prizewinners are:

Classic (Introductory)

First place and $1000 for the team plus $250 to the school business department

  • Fadi Mansour and Jotham Mukendi from St. Joseph's Catholic High School in Windsor

Second and $500 for the team

  • Andrew Chen, Robert Lai and Johnny Tang from Markham District High School in Markham

Third and $250 for the team

  • Matt Gebo and Robert Ghile from St. Joseph's Catholic High School in Windsor

Xtreme (Advanced)

First place and $2,000 for the team plus $500 to the school business department

  • Jatheesh Srikantharajah and Angus Chung from Woburn Collegiate Institute in Scarborough

Second and $1,000 for the team

  • Bill Jiang and Jesse Wang from Lisgar Collegiate Institute in Ottawa

Third and $500 for the team

  • Mitchel Johnson, Andy Krueger and Colin Seiffert from South Carleton High School in Richmond

"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 35,000 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. Chartered Accountants are the professionals Canada's business leaders trust to help make the financial, strategic and leadership decisions that matter. 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.

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