On Tuesday 24 February Jaimi Wilson, Danny Roper and I assisted with the Northern heat of the Institute of Chartered Accountants BASE competition held at the University of Cumbria.
BASE is a national business and accounting competition organised by the Institute of Chartered Accountants for school children aged between 16 and 19. The students are split in to teams of six and given an example of a business problem that a company may have to deal with. The teams are then given two hours to prepare a four minute presentation of their recommendations and solutions to the problem. They then present this to the judges who act as the board of directors for that company.
The competition is aimed to recreate the environment of the real business world, teaching the participants invaluable business skills that they are unlikely to learn in the classroom.
There were a number of schools from all over Cumbria taking part in our heat as well as schools from as far away as Aberdeen. Jaimi and Danny were mentors for two different schools taking part in the competition and I acted as a judge for the day.
As mentors Jaimi and Danny helped guide the teams through their task, assisting and advising them on how to approach their scenarios and problems. My role was to observe the teams and see how they were working together and approaching the situation they had been given.
It was great to see how well the students worked together and how they came up with innovative solutions for their business’ problems. The winners of our heat were a team from Carlisle College and we were proud to see Jaimi’s team, from Nelson Thomlinson School in Wigton, taking second place.
It was a great to be a part of such a fantastic day and hopefully a number of the participants will have enjoyed the experience enough to progress into a career in accountancy.