Bachelor of Accounting & Financial Management


 



"Basic financial skills
are a critical building
block in every person's education.
Integrating financial skills
development throughout the
curriculum ensures that Ontario
students will have the knowledge
to make effective decisions
throughout their lives."

Tom Hamza,
Co-Chair, Ontario Work Group on
Financial Literacy

 




SCHOOL OF ACCOUNTING AND FINANCE

FINANCIAL LITERACY COMPETITION

Assisting students in meeting the challenges of a modern economy

The University of Waterloo's School of Accounting and Finance (SAF) graduates the largest number of accounting academics in Canada and has an unparalleled reputation for excellence in accounting and finance education.

In response to the 2010 Ministry of Education Working Group on Financial Literacy report that identified the importance of financial literacy education in supporting the success of all students, the SAF has established the Financial Literacy Competition to assist in educating and promoting financial responsibility.


2013 Financial Literacy Competition - May 28, 2013

FLC Background: To create exceptional learning opportunities for bright secondary school students, the SAF has established the Financial Literacy Competition (FLC) to help support and enhance financial literacy education within Canadian secondary schools.

The FLC, has been developed in collaboration with Business Studies teachers within the Waterloo Region and Waterloo Catholic District school boards. Currently, the FLC will be offered to Grade 9 and 10 students in the Southwestern Ontario public and catholic schools and eventually to all Ontario and Canadian secondary school students. This is an exciting opportunity for secondary school teachers to engage their students to test and challenge their knowledge in personal finance and wealth management, as well as generating interest in furthering their studies in the areas of accounting, finance, and business.

Competition:

  • provide an incentive for secondary school students to learn more about personal and business finance,
  • offer an excellent opportunity for the SAF to share, contribute, and assist secondary schools in delivering
    and integrating financial literacy education into the Ontario curriculum,
  • foster the interest of secondary school students in the disciplines of finance, accounting, and business,
  • offer an excellent opportunity for secondary school teachers to contribute to the development and ongoing
    enhancement of the FLC, and
  • create a talented pool of secondary school students who will be confident in their financial security and
    well-being in dealing with an increasingly complex world of finance.

Contest format:

  • 75 multiple choice questions
  • 1 hour
  • Competition to be conducted during class between 8:15am and 12:00pm
  • 75 total marks
  • Only non-programmable calculators provided will be permitted
  • NOTE: For the 2013 FLC, the contest will be paper based and supervised by a Business Studies teacher


  • Open to Grade 9 and 10 secondary school students enrolled in or having already completed a Business Studies course.

  • Maximum of 10 students per school to be selected.

  • Selection of students will be at the discretion of the Business Studies teacher.

    • Most of the questions are based on the Business Studies curriculum for Grades 9 and 10.

    Questions will be based on the following topics:

    • Income Management
    • Banking
    • Investing
    • Credit
    • Economic Basics
    • Accounting

    We recommend that students spend some time preparing for the FLC by challenging the sample questions. We encourage teachers to make this a regular classroom activity.

    To assist you with your classroom teaching, download the Financial Frauds & Scams presentation delivered by Prof. Craig Geoffrey at the 2013 Spring OBEA Conference. This resource delivers stories of Bre-X, Sino-Forest, Enron, WorldCom, Sextant, and Bernie Madoff in a simple easy-to-follow manner for your students.

    2012 WATERLOO REGIONAL CHAMPIONS:
    1st Overall Gavin Gao Waterloo CI Terri Fischer
    2nd Overall Zarina Mamoukhova Waterloo CI Terri Fischer
    3rd Overall Jacob Asma Cameron Heights CI Carmen Lo

    2012 WATERLOO REGIONAL SCHOOL CHAMPION:  Waterloo CI   Teacher: Terri Fischer
    1. Gavin Gao
    2. Zarina Mamoukhova
    3. Jim Zhang
    4. Erik Bumbulis
    5. Amy Sun
    6. Xiaoyang Li
    7. Hossein Jahed
    8. Grace Xu
    9. Gabrielle Feldmann
    2012 INDIVIDUAL SCHOOL CHAMPIONS
    Student Name School Teacher
    Michael Elop Bluevale CI Lorie Guest
    Jacob Asma Cameron Heights CI Carmen Lo
    Alison Shute Eastwood CI Ian Bier
    Matt Ridge Elmira District SS Reg Holinshead
    Edina Hidic Forest Heights CI Mark Tonin
    Mubeen Motala Galt CI Barbara Shatosky
    Eddi Murakami Grand River CI Scott McCulloch
    Kiana Chin Huron Heights Gene Peter Heesaker
    Star Yuan Jacob Hespeler SS Michael Archibald and Pauline Janke
    Dakota Wolfe-Sabo Kitchener and Waterloo CI Matt Morris
    Michael Rego Monisgnor Doyle SS Willam Bergman
    Mauran Vignarajah Preston High School Mary MacMillan
    Nina Saldanha Resurrection CSS Toni Jaklitsch and Dave Lavigne
    Paul Hubbard Sir John A. MacDonald SS Josh Alexander
    Kyle Durnin Southwood SS Jayne Emms
    Drew Gheorghe St. Benedict CSS Frank Wittmann
    Mitchell Busch St. David CSS Deborah Schell
    Luke Stephens St. Mary's High School Mark Delvin
    Gavin Gao Waterloo CI Terri Fischer
    Quinn Behnke Waterloo Oxford DSS Tim Brown

    Each registering teacher will receive a listing of how their students have ranked within their school and overall.

    We recognize top performing students and schools.

    Recognition

    • Each participating school will receive a list ranking (by school and overall) of their students.
    • Names of the top 3 winning students overall, and the top student from each school and their teachers will be posted onto the uWaterloo’s FLC site.
    • Media release will be sent to the Waterloo Chronicle, The Record, and Cambridge Times to announce the top 3 winning students overall and their teachers.
    • Media release will be sent to each participating school to allow each school the opportunity to draft stories and/or news articles for their own school newspapers and websites.
    • The top scoring student from each school will be awarded and recognized through scholarships, physical and/or experiential prizes.

     

     

    Registration Deadline: May 1, 2013

    afm.uwaterloo.ca/flcreg/

    The School of Accounting and Finance invite you to help enhance your students' learning opportunities by registering your top 10 Grade 9 and/or Grade 10 Business Studies students for the FLC. Your support in this exciting new competition will help build financially confident students who will be able to more effectively contribute to a world economy.





    AFM
    The School of Accounting and Finance is the only English speaking professional school of its kind in Canada. We offer 2 undergraduate (Accounting and Financial Management and Computing and Financial Management) and 3 graduate (Master of Accounting; Master of Taxation; PhD in Accounting) programs to provide students with the technical, analytical, evaluative, and communication skills needed to prepare for successful careers in public accounting, finance, industry, government and not-for-profit sectors. In conjunction with the Faculties of Mathematics and Science, the School also administers 2 undergraduate programs (Mathematics/Chartered Accountancy; Biotechnology/Chartered Accountancy) and 1 graduate program (Master of Quantitative Finance).