A team of students from Tadcaster Grammar School beat off competition from nine other local teams to win the York heat of the national Business Accounting Skills Education (BASE) competition run by ICAEW (Institute of Chartered Accountants in England and Wales).
The York heat of the BASE competition took place in the Gimcrack Suite at York Racecourse on March 4, one of 47 heats attracting over 3,300 students in more than 550 competing teams nationwide.
The heat drew in local schools plus entrants from Wetherby, Harrogate and as far away as Scarborough.
BASE links together schools, students and employers to increase awareness of a career in chartered accountancy and finance, and to develop key employability skills in the future workforce.
Assuming the role of ICAEW Chartered Accountants, the students had just two hours to analyse, discuss and decide on the next steps of a fictional company before presenting their ideas to a panel of business professionals.
The BASE competition was supported by local firms including Aviva, HGH, HPH, Nestlé and Taylor Hamilton, plus the Universities of York and Huddersfield, who provided professional mentors and judges.
In addition students and teachers were given the chance to hear about the range of career options chartered accountancy provides.
Head judge Lydia Ebdon of LM Ebdon Ltd, President of the York Society of Chartered Accountants, said: “We were impressed that every team got to grips with the difficult, open-ended questions being asked.
“All of them deserve to be very confident. But Tadcaster’s team-work and good time-management led them to a truly excellent final presentation.”
Chris Manners, ICAEW Regional Director for Yorkshire & Humber, said: “I’m delighted that we’ve brought the BASE competition to York for the first time.
“The heats are exciting and good fun, but the real value lies in the way that young business advisers have to work out what the numbers mean and what the management of this made-up company should do as a result.”
The team from Harrogate Grammar School was runner-up.
Tadcaster Grammar will now go on to the national final which takes place at the Hilton Metropole Hotel, Birmingham on Wednesday June 25.
For further information about BASE and how to participate please visit icaew.com/base.