Earlier this month, CSFC Business and Economics students took part in the South Wales heats of the Institute of Chartered Accountants in England and Wales (ICAEW)’s annual Business and Accounting competition, BASE in Cardiff.
BASE provides 16-19-year-old college/school students with the opportunity to discover the realities of working as an ICAEW Chartered Accountant, meet potential future employers, strengthen their CVs and enhance their entrepreneurial skills, whilst also competing for the chance to win a cash prize.
The BASE heats see students from different UK schools and colleges compete in teams of six, at a BASE heat of their choice. The students do not necessarily have to be studying accountancy, finance or business in order to take part. Assuming the role of ICAEW Chartered Accountants for the day, they are required to develop solutions to a given business scenario and complete various other challenges. Each team benefits from the support of a business and accountancy professional.
At the end of each heat, the winning team is awarded a special trophy and invited to attend the BASE National Final in June, at which students compete against other winning regional teams to obtain the coveted title of BASE National Champions.
On the day of the South Wales heat, the CSFC teams competed against students from 10 other local schools and colleges. Our students united to develop a strong business plan for a TV company that was experiencing several difficulties. At the end of the day, the winning team was announced as Cathedral School, Llandaff.
Speaking about her experience at the BASE heat, AS-level student Anel Yegemberdiyeva revealed:
“Participating in ICAEW’s BASE competition was an amazing experience for my future career. We had a great opportunity to develop quick decision-making and analysis skills. Personally, I think the most enjoyable and valuable part was working as a team with very pleasant and smart peers from our college. Big thanks to the teachers who supported us, and to ICAEW for the opportunity.”
Picture opposite shows one of CSFC’s teams delivering their presentation in front of students and judges at the South Wales BASE heat.
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