Certified Management Accountants awards $10,000 to two Ontario Schools in Province-wide Contest

    Secondary school students hone their business skills as they compete for
    funds to improve the quality of school life

    TORONTO, June 11 /CNW/ - Certified Management Accountants of Ontario (CMA
Ontario) is pleased to announce the two winners of its $5,000 School Proposal
Contest. Loretto Abbey Catholic Secondary School (GTA) and General Amherst
High School in Essex County, Southwestern Ontario, beat out more than 100
other school entrants.
    Each school will receive a prize of $5,000 to support a special project
proposed by its teacher-led student committee to improve the quality of their
school life. The 2008 contest brought to the forefront a number of important
secondary school issues which ranged from infrastructure improvements, to
increasing school resources, to improving school spirit. Students followed a
list of required guidelines that reflected the CMA focus of strategy,
management and accounting principles in their final proposals.
    Loretto Abbey convinced judges of their need for equipment to create its
first photo lab. This included advanced digital cameras, laser printers,
enhanced lighting, optional backdrops and a table and stool set. The new
facility will generate fundraising opportunities such as the sale of sports
cards, senior prom photos, special events photos and will also lead to the
formation of a photography club.
    "One of the most important things we learned was to work as a team," said
student Sabrina Panici, 16, of Loretto Abbey. "We learned how to divide up the
various tasks and have it all come together. We also learned about putting a
business proposal together."
    All members of the school team said the competition had convinced them to
pursue a business-related career.
    Meanwhile, General Amherst High School successfully focused its efforts
on obtaining a new sound system for its gymnasium which serves as a venue for
school assemblies and community events. Their winning bid will enable students
to purchase new microphones, amplifiers and speakers.
    "Out of numerous choices such as upgrading our music room, or painting
the lockers, the students of General Amherst thought it would be best to
replace the speaker system in our gym," the students wrote in their proposal.
Currently, the school must use a portable sound system hauled from the
opposite end of the school. For special event, equipment must be rented from a
private company "which, in the long run, costs thousands of dollars each
    Matthew Martynuik, CMA Ontario's Coordinator, Secondary Schools, said the
annual competition - now in its second year - has generated great interest
across Ontario.
    "We received some compelling entries and the quality of the submissions
was excellent," he said. "However, Loretto Abbey and General Amherst went the
extra distance to create winning presentations."

    -   Photos of the winning teams, their proposals and video submissions
        are available at www.cma-ontario.org/schoolwinners.

    About CMA Ontario

    Certified Management Accountants of Ontario is a self-governing
professional organization that awards the Certified Management Accountant
(CMA) designation to qualified candidates in Ontario. With some 24,000
members, CMA Ontario is an integral part of a profession that is 50,000
members strong across Canada and around the world. The leaders in Strategic
Management Accounting, CMAs adhere to a strict code of ethics and rigorous
standards to uphold the protection of public interest.

    For additional information on the CMA Ontario $5,000 School Proposal
Contest for High School Students, contact Matthew Martynuik, Coordinator of
Secondary School Programs for CMA-Ontario at mmartynuik@cma-ontario.org or
visit www.cmaontario.org/makeithappen

For further information:

For further information: Angie Brennand, Director, Public Affairs and
Communications, CMA Ontario, Direct: (416) 204-3141, Cell: (416) 722-3900,

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