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Young business brains account for success

Tom Carson (Group mentor from Ernst & Young), the winning King Edward VI School team members Eden Webley, Matthew Senior, Stuart Forester, Ben Davis, Matthew Brown and the Institute of Chartered Accountants in England and Wales Judge .

Tom Carson (Group mentor from Ernst & Young), the winning King Edward VI School team members Eden Webley, Matthew Senior, Stuart Forester, Ben Davis, Matthew Brown and the Institute of Chartered Accountants in England and Wales Judge .

A GROUP of enterprising students from Morpeth are through to the final of a national contest after showing a flair for business.

The King Edward VI School sixth formers worked together extremely well to win the northern heat of the competition run by the Institute of Chartered Accountants in England and Wales.

Assuming the role of chartered accountants, participants had just one-and-a-half hours to analyse, discuss and decide on the next steps of a fictional organisation before presenting their ideas to a panel of business professionals.

KEVI’s winning team was made up of Year 12 economics students Matthew Brown, Ben Davis, Stuart Forester, Tom Lakey, Matthew Senior and Eden Webley.

Matthew Senior said: “We found the event very challenging but a truly brilliant experience.

“We were shocked and surprised at the victory, but we can’t wait to attend the national finals.”

Aimed at 16 -to-18-year-olds, the Business Accounting and Skills Education (BASE) competition links schools, students and employers together in a bid to not only increase awareness of careers in chartered accountancy and finance, but to develop key employability skills in the future workforce.

The teacher who accompanied the students to the event at Newcastle University Business School, business and economics subject leader Rebecca Taylor, said: “The boys worked as a team throughout the challenge and their hard work and determination truly paid off.

“They looked at the objectives of the task and presented logical suggestions for business improvements alongside detailed reasoning for their decision. I was very proud of their work throughout the day.”

The event, which was sponsored by firms from across the region, also included an exhibition zone enabling students to research the career and talk to trainee or qualified associate chartered accountants.

Chris Soan, Lecturer in Accounting at Newcastle University Business School and BASE Champion, said: “Overall, the North East BASE heat was an excellent event for students to experience a real-life business scenario, with each team competing to be regional and, ultimately, national champions.

“I was very impressed with how the winning team tackled their case study. All members worked together by breaking-down the tasks into discrete chunks, utilising individuals’ key strengths and taking the opportunity of receiving sage-like advice from their mentors.”

The KEVI team will now go on to represent the region at the national final in the Hilton Metropole Hotel, Birmingham, on Thursday, June 27.

 
 
 

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