Three students from the School of Accounting and Finance came third in this year’s edition of Battle for CA$H.

The Institute of Chartered Accountants of Ontario (ICAO) held its annual competition on Jan. 8. The competition provides teams of university students considering a career as a Chartered Accountant (CA) the opportunity to compete, have fun, and earn some cash prizes.

To win, each group took part in a friendly competition focusing on the use of accounting skills such as teamwork, leadership, organizational ability and time management.
“The most challenging aspect of the competition was absorbing large amounts of information and learning how to act on it shortly,” explains Tarini Chandak (1B AFM). “We were given a lot of rules and market data to work with and we had a short time to create our strategy. Also, we needed to have excellent communication to discuss what had resulted from negotiations from other teams and what changes we had to make to our strategy to address these decisions.” 

The Waterloo team represented by Mateen Imran (1B AFM), Tarini Chandak (1B AFM), and Archana Chittella (1B AFM) competed against 42 other teams mostly made up of upper-year university students, placing third overall; splitting a cash prize of $750.