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Business students bring home CA$H Cup

AWARD-WINNING NUMBER CRUNCHERS: Management students (l to r) Rose Fitzsimon, Matthew Cheng and Vishal Baloria won the CA$H Cup. Image: ICAO.

U of T Scarborough students win prestigious accounting competition

Three undergraduate students at U of T Scarborough have won first prize in the recent Chartered Accountant Campus Challenge, a competition sponsored by the Institute of Chartered Accountants of Ontario (ICAO).

Students Vishal Baloria, Matthew Cheng and Rose Fitzsimon, received the “CA$H Cup” trophy, $3,000 in cash, and a $1,000 contribution towards the  Management and Economics Students’ Association (MESA) on campus after winning the challenge, held on Jan. 13.

This is the first time any U of T team has won the annual contest, now in its third year. The aim of the contest is to encourage students to consider a career in accounting.

All three students, members of Team B, had to use their business bargaining skills while keeping professional ethics in mind to win the competition, which pitted them against teams from 20 different universities. Teams are chosen by MESA with each team including one first-year, one second-year and one third- or fourth-year student. The team members, all of whom must belong to the ICAO to compete, are given specific business and accounting challenges in front of a panel of judges.

“We’re very excited by this win,” said Professor Michael Krashinsky, chair of management at U of T Scarborough. “This is a major competition run by the ICAO with competitors from across the province and we are simply delighted by the results.”

Sandra Daga, a senior lecturer for the school’s management program, helped choose this year’s team. She said this win speaks well for the bachelor of business administration program, as well as the students involved.

“This competition really tests a student’s critical thinking, their negotiating skills and their business ethics,” said Daga.

With the blend of a dedicated faculty and an enthusiastic student body, it was only a matter of time before U of T Scarborough brought the CA$H Cup home, added student Daniel Eskin, Scarborough’s MESA finance manager.

“U of T Scarborough had the privilege of enrolling two teams into the ICAO’s annual competition, consisting of brilliant students that were driven to succeed,” Eskin said. “With a high level of competition from several undergraduate business programs across Ontario, this achievement was exceptionally rewarding for the participants, MESA and the entire Department of Management.”

Eskin added that the level of exposure the campus has received as a result of winning the CA$H Cup “is something everyone associated with this university can be truly proud of.”

© University of Toronto Scarborough