Newcastle upon Tyne Blog blog

Introduction to accounting for enterprising students

There will perhaps be a few more budding accountants in Newcastle after a group of business savvy students from the area made it through to the final of a national business contest.

Sixth formers from the King Edward VI School worked together to win the Institute of Chartered Accountants in England and Wales’ northern heats.

In the competition, participants took on the role of chartered accountants and had just an hour and a half to analyse, discuss and decide on recommendations for a fictional organisation. They then presented their ideas to a panel of business professionals.

The winning team included Year 12 economics students Matthew Brown, Ben Davis, Stuart Forester, Tom Lakey, Matthew Senior and Eden Webley.

Competitor Matthew Senior said: “We found the event very challenging but a truly brilliant experience.

“We were shocked and surprised at the victory, but we can’t wait to attend the national finals.”

The Business Accounting and Skills Education (BASE) competition is aimed at 16 to 18 year olds and works to increase awareness in chartered accountancy and finance careers.

Business and economics teacher at the school, Rebecca Taylor, said: “The boys worked as a team throughout the challenge and their hard work and determination truly paid off.

“They looked at the objectives of the task and presented logical suggestions for business improvements alongside detailed reasoning for their decision. I was very proud of their work throughout the day.”

Newcastle University Business School Accountancy Lecturer and BASE Champion, Chris Soan, said: “Overall, the North East BASE heat was an excellent event for students to experience a real-life business scenario, with each team competing to be regional and, ultimately, national champions.

“I was very impressed with how the winning team tackled their case study. All members worked together by breaking-down the tasks into discrete chunks, utilising individuals’ key strengths and taking the opportunity of receiving sage-like advice from their mentors.”

The team will be taking part in the final at the Metropole Hotel, Birmingham on Thursday 27th June.

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One Response to Introduction to accounting for enterprising students

  1. AY says:

    This is going to be very useful for me thank you very much for posting

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