CGA Ontario's Winning Contest Reaps Big Rewards for Students



    Currently registered students at Ontario universities and colleges can
    participate in CGA Ontario's second annual One-Hour Accounting Contest on
    March 19.

    TORONTO, March 13 /CNW/ - In less than a week the Certified General
Accountants of Ontario rolls out its second annual one-hour, online accounting
contest. Students are asked to register in advance, then point their school or
home computers to the contest on Wednesday, March 19th at 4 p.m. Prizes
awarded in the two-tier competition total $50,000 (a combination of cash and
tuition credits) to six winners: two tiers of first, second and third prize
winners. Designed to allow as much access as possible to current Ontario
post-secondary students, the contest is perfect for young adults who have a
head for accounting and finance, combined with a competitive spirit and
concentration skills.
    Last year, emerging from a pool of more than 1,800 registrants was a
victorious Adele McGee, first-place winner in the Tier 1 competition. A
student at the Sprott School of Business, Carleton University she explains,
"It was a busy time with midterms, assignments and group work, but the chance
to win a cash prize from the comfort of my own home seemed too good to be
true. I could register and participate in the contest without hassle or giving
up a lot of time - it was a no-lose opportunity!"
    McGee admits to not doing any additional training for the contest, as she
felt from the overview it was in line with her second-year courses. "I figured
I'd take my chances with knowledge learned from my intermediate accounting
classes. I didn't feel particularly stressed during the contest, as I didn't
really have anything on the line - there wasn't a registration fee or travel,
so if I didn't place I wasn't out anything."
    Students self-select whether to enter the competition at Tier 1 or Tier
2. Tier 1 focuses on basic and intermediate finance- and accounting-related
questions; Tier 2 questions are at intermediate and advanced levels. The
contest's questions were created by a certified general accountant who is a
marker in the CGA program of professional studies. The questions are original
(i.e., have never appeared in any course material or elsewhere), but are
written at a level comparable to applicable CGA courses.
    "It was an amazing personal accomplishment to learn within a few days
that I had won. My prize money has been a big help in financing my education
and my business school benefited as well. I offer kudos to the Certified
General Accountants of Ontario for offering this innovative opportunity for
students to compete in this contest. It was a rewarding experience and I
encourage all eligible students to register, as you have nothing to lose and
everything to gain," states McGee.
    In recognition of the significant role Ontario colleges and universities
play in providing the foundation courses for accounting and finance, the
academic institution of the first-place prize winner in each tier is awarded
$5,000 towards its accounting department.
    The Sprott School of Business ensured that the Ottawa media were aware of
its local hero, which meant that McGee received a great deal of attention.
Even her hometown newspaper in Newmarket, New Brunswick covered her story.
"Coincidently, when the profile occurred I was home for my sister's high
school graduation. I received lots of positive feedback from friends, family,
past teachers and so on. It was great having the opportunity to share my
success with hometown friends and family, as well as my university and
professional community in Ottawa," enthuses McGee. Besides contributing to her
current year's school tuition, McGee has plans in the works to take a trip to
Europe with some family members this summer. Without the extra cash from the
contest, likely this fun reward wouldn't have been feasible.
    Ontario colleges and universities are promoting this year's contest,
resulting in healthy advance registration. Professors in the related
departments have been uniformly positive about the event and are encouraging
students to participate."
    For more information on CGA Ontario's One-Hour Accounting Contest,
including Rules and Regulations, Ontario university and college students are
encouraged to visit the dedicated contest web page
(http://www.cga-ontario.org/applications/contest/Registration.aspx ). Register
today and then start your "online and accessible" engines on March 19th!

    About the Certified General Accountants of Ontario:

    The Certified General Accountants of Ontario is a self-governing body,
which grants the exclusive right to the CGA designation, and controls the
professional standards, conduct and discipline of its members and students in
the province of Ontario. Broadly and deeply competent, certified general
accountants (CGAs) are committed to meeting the needs of their businesses and
organizations with strategic insight, leadership and demonstrated know-how. In
Ontario there are more than 18,000 CGAs and approximately 9,000 students
working towards achieving the CGA designation. Our charity of choice is Big
Brothers Big Sisters of Canada and its affiliate agencies across Ontario.

    Certified General Accountants. Name Your Need.





For further information:

For further information: Judy Gombita, (416) 544-4765 or 1-800-668-1454,
ext. 244, E-mail: jgombita@cga-ontario.org; or Chris Buyers, (416) 544-4763 or
1-800-668-1454, ext. 247, E-mail: cbuyers@cga-ontario.org; Websites:
www.cga-ontario.org or www.nameyourneed.org

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Certified General Accountants of Ontario

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