The Institute of Management Accountants (IMA) today announced the Institute of Management Technology Dubai (IMT) as the winners of the IMA Student Case Competition 2014. The students from IMT Dubai walked away with the top prize of USD$ 3,000, and runner up Middlesex University, Dubai were awarded a cheque for USD$ 2,000.
Students were asked to showcase their analytical skills by solving a real life management accounting case through a project which was submitted for evaluation, with the top four teams selected to present their case study to a panel of industry experts. Entrants were judged on their ability to develop and clearly articulate an appropriate business strategy, and their suggested actions, impact and resources used.
Adolf Kabban CPA, one of the presiding judges, said: “The idea behind the IMA Student Case Competition is to raise the profile of Management Accounting and give young people the chance to test out their skills on a real life business challenge, encouraging them to look beyond the numbers and think strategically as consultants and business partners adding value to the organization and its Board of Directors.
Kabban added: “I think the students did a great job. It is very exciting to work with such promising talent across the region and we would like to congratulate our winning team from IMT and runners up Middlesex University, who put in a fantastic effort this year to come out top. We would also like to thank all teams who took part, making it the most competitive year yet.”
Dr. Vijaya Kumar the team’s mentor from Middlesex University Dubai and runner up said: “We are delighted to have won second place in the IMA Student Case Competition 2014. It has been a fantastic learning experience for us all. The project really challenged us to put everything we have learnt into practice and stretch our minds even beyond this. We are delighted with the prize and look forward to participating again next year.”
IMA Middle East Student Case Competition 2014 received a record number of 22 entries from across 18 different universities from across the UAE, Egypt, Saudi Arabia, Lebanon and Bahrain. The competition was launched in 2012 with the aim to encourage the development of young talent in the finance and accounting field across the Middle East and Africa. An initiative sponsored by Ernst & Young, Morgan International, Wiley and Emerge Management Training Centre.
IMA®, the association of accountants and financial professionals in business, recently held its 2013 Case Study Competition for the Middle East region. The aim of this competition was to present candidates with real-life challenges and opportunity to analyse a case, develop a solution, and to present it to an audience. This was the first time IMA extended invitation to KSA, Egypt, Jordan, Qatar and the UAE, of which nine teams participated this year.
Institute of Management Technology Dubai, New York University Abu Dhabi, UAE University Al Ain and Jubail University College KSA were among the top four teams that got an opportunity to present live on July 6, 2013. Amna Omair Alsheryani, Mona Hashi, Heba Helal AlDaheri, and Latifa Ahmed Aljabri from UAE University won the first place and were awarded a cheque of US $4,000 and New York University won the second place and were awarded a cheque of US $2,000. This case study was sponsored by EY, Emerge Management Training Institute, Federal Foods, and Morgan.
“We are extremely happy with the response the case study initiative has received from the region. If there is a trait which does characterize leaders it is opportunism – that is what these students displayed,” said Jim Piechowski, Director, International Operations IMA.
Loutfi Echhade, MENA Leader for Family Business at EY says: “It’s great to see the enthusiasm and creativity of the participants this year. We are pleased to support a competition that allows its participants to use their skills in a practical manner, as they gain valuable experience that they can apply directly to their working lives.
A team of accounting and finance students from Abu Dhabi University (ADU) won against four finalist teams in IMA®’s 2012 Student Case Competition, an annual competition organized by IMA (Institute of Management Accountants) to provide an opportunity for students to interpret, analyze, evaluate, synthesize, and communicate a solution to a management accounting problem.
The students from ADU presented the best analysis of a case presented in Strategic Finance magazine, A judging panel consisting of industry experts on accounting and financial management judged entries from different participating colleges and universities in the UAE. The team of students from American University of Sharjah (AUS) was awarded as the runner-up team.
“The interest from various colleges and universities was overwhelming and based on the feedback from the judges, the entries were of high quality, reflecting the high standards of accounting and financial management education in the UAE. We are delighted with the results of the competition and will continue the competition not only to recognise outstanding efforts from students, but to raise the bar even higher of critical and strategic thinking among finance and accounting students who will in the future become industry practitioners,” said Jim Gurowka, IMA vice president of international development.
Representing the winning team from ADU was Amira Touri, Khawla Haroon, Fatima Abdul Kader, Raed Al Mesbahi with ADU professor Dr. Iliya Komarev as their faculty advisor. They were rewarded with a US$5,000 cash prize for their effort, as well as a certificate of achievement. The runners-up AUS received a cash award of US$2,000.
The finalist teams received an engraved plaque with their college/university’s name and each team member’s name on it, as well as a certificate of achievement for each team member and faculty adviser.