Left to right: Millards’ Trevor Schein, CPA CA, Diane Paxton, CPA CA, Skylar Turkiewicz and Samantha Dykstra, CPA CA.
Imagine a live competition where budding accounting students have two hours to review an example accounting case and then prepare a presentation with their analysis to a panel of experienced accounting judges. That’s the premise of a 10 year old contest hosted by the DeGroote Accounting Association.
Fast Pace To the Case Competition started off as a small, internal case competition at the DeGroote School of Business a decade ago. Since its debut, FPC has grown into one of the most anticipated, challenging and rewarding events for accounting students and the Ontario accounting industry.
The DeGroote Accounting Association website explains the goal of the competition that draws accounting students from across the province.
“Our mission is to attract the brightest accounting student in Ontario by providing a competitive environment for delegates to compete in accounting cases similar to the formats of professional accounting exams and network with their peers and professionals from the accounting industry.”
Millards Chartered Professional Accountants sent two judges to the competition. Diane Paxton, CPA CA, and Skylar Turkiewicz, served on the panel that reviewed the presentations of the competing teams. Trevor Schein, CPA CA and Samantha Dykstra, CPA CA were delegates at the event that also offered the opportunity to network with representatives from the accounting industry.
The 2019 competition was intense with each team of 4 delegates having just two hours to analyze a CFE-style case and prepare a 15-minute case analysis presentation. Each team was provided a laptop, calculator and other supplies necessary to prepare their presentation but teams were not allowed access to the internet or other forms of assistance.
11 teams participated, 4 from Mac and 7 from various post secondary locations including Brock, Laurier, Waterloo and Guelph Humber.
The completion was hard fought but only one team could win the grand prize. The $4,000 prize was awarded to a 4th year team from Guelph-Humber for delivering the best presentation analysis and teamwork skills.
Diane Paxton, CPA CA from Millards Chartered Professional Accountants in Brantford was impressed by the competing teams and the calibre of young accounting talent.
“We were thrilled by the dedication, creativity, and technical abilities of the delegates. To be able to connect with the incoming generation on a professional level, and to see their capability and passion, was a mutually rewarding experience. Millards is always on the lookout for top quality talent and these students leave us optimistic about growing our team and serving our clients.”
The 2nd place award of $2,000 went to the team from Laurier and third place $1000 winner was a team from McMaster.
The 15-minute case analysis was performed in front of a panel of judges comprised of esteemed professionals from the accounting industry. After the first round of presentation and the panel’s evaluations, the top 4 teams competed in the finals where teams presented their case analysis in front of all FPC attendees and a panel of judges to compete for first place.
The event also featured interactive accounting-related workshops and professional development lead by event sponsors as well as speakers from the accounting industry that shared their wisdom and insight during both the lunch and dinner sittings.