Institute of Chartered Accountants of Ontario

Institute of Chartered Accountants of Ontario

June 12, 2012 09:05 ET

Students Win COIN in Ontario CA Challenge

Top students received awards at Toronto luncheon June 14

TORONTO, ONTARIO--(Marketwire - June 12, 2012) - 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 23 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 12.

"COIN is a popular Institute initiative to encourage students to consider becoming a Chartered Accountant," said Mona Ghiami, CA, Director of Career Information at the Institute. "This year more than 280 students from 96 high schools across the province 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 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. For the top three students, the Institute is also matching the prize amounts and giving the funds to the business departments of their respective high schools.

The Ontario-wide winners are:

  • 1st place All Ontario - David (Luxin) Zhang, Agincourt Collegiate Institute, Scarborough
  • 2nd place All Ontario - Michael Chan, Thornhill Secondary School, York Region
  • 3rd place All Ontario (Tied) - Zhengzheng Tao, The Woodlands School, Mississauga
  • 3rd place All Ontario (Tied) - ZhiHao Ouyang, The Woodlands School, Mississauga

On his reaction to winning COIN, David (Luxin) Zhang said: "At first I was in shock that I had won, but this has shown me that all my hard work has paid off and I'm very thankful to everyone who has helped me come this far."

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 2012 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 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.

Contact Information

  • For a photo of the winners, please contact:
    The Institute of Chartered Accountants of Ontario
    Perry Jensen
    416-969-4271 or 1-800-387-0735 ext. 271
    pjensen@icao.on.ca
    www.icao.on.ca