Chartered Professional Accountants of Ontario: Markham Student Wins COIN

TORONTO, ONTARIO--(Marketwired - June 11, 2014) - For the second year running, Aliraza Asrani of Markham District High School has taken first place in the Chartered Professional Accountants of Ontario's COIN Competition. CPA Ontario held its 2014 competition on May 21 to give high school students considering a career as a Chartered Professional Accountant the opportunity to compete, have fun and earn some cash prizes.

For finishing first, Aliraza receives $1,500 and a plaque. As one of the Ontario students who placed in the top ten of COIN writers, attended an Honour Roll luncheon in Toronto on June 10.

"COIN is a popular CPA Ontario initiative to encourage students to consider becoming a Chartered Professional Accountant," said Sheetal Gupta, CPA, CA, Associate Director of Career Information at CPA Ontario. "This year over 200 students from more than 60 high schools across the province participated in this highly competitive contest."

CPA Ontario also announced the top contest winners from across the province. The first place prize provincially is $1,500, with the second place winners each receiving $1,000 and third place finisher getting $500, with their respective high schools receiving matching amounts. The rest of the Top 10 Honour Roll members each received $100 and an invitation to the awards luncheon.

The top Ontario-wide winners are:

--  1st place All Ontario - Aliraza Asrani, Markham District High School 
--  2nd place All Ontario (Tied) - BeiChen Lin, Richmond Hill High School 
--  2nd place All Ontario (Tied) - Claire Peng, Centennial Collegiate
    Vocational Institute, Guelph 
--  3rd place All Ontario - Abhishek Madan, The Woodlands School,
    Mississauga

To win, the students competed by answering 75 questions at the premises of a firm employing CPAs. Think it's easy? Would you know:

--  How to record inventory according to Generally Accepted Accounting
    Principles (GAAP)? 
--  The principles of revenue recognition? 
--  How to assess depreciation?

The 2014 winners knew all that and more.

About the Chartered Professional Accountants of Ontario

The Chartered Professional Accountants of Ontario (registered name of The Institute of Chartered Accountants of Ontario) is the qualifying and regulatory body of Ontario's more than 58,000 CPAs and over 11,000 CPA students. With a rich history dating back to 1879, the Chartered Professional Accountants of Ontario serves the public interest by developing, monitoring and enforcing the highest standards of professional competence and ethical conduct. Chartered Professional Accountants are valued by organizations of all types for their financial expertise, strategic thinking, business insight, management skills and leadership. The Chartered Professional Accountants of Ontario's website is www.cpaontario.ca. Information for students can be found under "High School & University".

Photos will be available on June 11.

FOR FURTHER INFORMATION PLEASE CONTACT:
For more information or to arrange an interview with
a winner: Chartered Professional Accountants of Ontario
Perry Jensen
416-969-4271 or 1-800-387-0735, ext. 271
pjensen@cpaontario.ca
www.cpaontario.ca