Tollbar Sixth Formers beat 12 other colleges to win regional business challenge heat
SUCCESS: Tollbar Academy Year 13 team of Tom Preston, Oliver Witte, Alfie Newby, Joel Mann, Jack Tutass and Laura Andrisova won the regional heat and are through to the national final in Birmingham. The event was held at the KCOM Stadium, Hull.
By Grimsby Telegraph | Posted: 27 Mar 2017
A TEAM of six Tollbar Sixth Form College students has won the regional heat of the prestigious Base accounting challenge, beating off competition from 12 other colleges in the region.
The Year 13 team will now represent Tollbar at the ICAEW national finals in June, which will be held at the Hilton Metropole Hotel, in Birmingham.
The Base competition was created to provide school and college students with a taste of what it's really like to work as an ICAEW chartered accountant. Since its launch as a UK-wide event in 2009, more than 13,000 students have tested their business skills and competed for the prestigious title of Base National Champions.
Two teams from Tollbar entered the event, which was held at the KCOM Stadium in Hull. The Year 12 and 13 teams each took part in an event that required them to act as consultants to problem solve, analyse and evaluate a business scenario with the help of an ICAEW mentor. The recommendations were then presented to a panel of business leaders from the region.
Students were asked to suggest a course of action for Vivami Ltd, a television production company specialising in documentaries, famed for their heavy use of computer generated images (CGI).
They had to analyse data and advise Vivami Ltd on whether or not to continue outsourcing their CGI or whether to bring it in house.
Analysis and future financial projections were used to inform the decision, with each outcome presenting its own challenges for the business.
The Year 12 team found the experience valuable and a special networking award was presented to Oliver Freeston for his efforts with employers present on the day.
The Year 13 team worked well as a team throughout the day, with the help of their mentor from Ernst & Young. Their presentation skills were well-honed and decisions were reinforced with cogent projections and business knowledge.
Under questioning from a panel of business experts they fared extremely well, providing well-prepared responses to any questions asked.
The team has also been given the opportunity to attend the Humber and District Chartered Accountants Students' Society Annual Dinner and Awards Evening. The black-tie event is being held at The Deep in Hull next month, and this prize has never been awarded in the past for any Base team.
Joe White, Tollbar MAT Sixth Form College business teacher, said: "Both the Year 12 and Year 13 teams represented Tollbar in a very professional manner.
"They were given a wealth of information to analyse before being able to make a substantiated recommendation to the company they were representing.
"Both teams worked effectively together in a strict time constraint, demonstrating their abilities to work under pressure in an unfamiliar environment, and applying their knowledge from lessons to a real-world scenario.
"Following the competition there was the opportunity to network with employers and training providers in the accounting profession, allowing students to explore the different career paths available to them."