HONG KONG, Dec. 11, 2012 /PRNewswire/ -- The 6th ACCA Hong Kong Business Competition (Sub-degree Category) organised by ACCA (the Association of Chartered Certified Accountants) Hong Kong was held on 8 December with great success. After rounds of competition, The Chinese University of Hong Kong - School of Continuing & Professional Studies (CUSCS) won the Championship and was awarded the "Best Proposal" and "My Favourite Team". Bella Chen from the winning team was also awarded the "Best Presenter" of the Competition. Hong Kong Institute of Vocational Education (Kwun Tong) and Hong Kong School of Commerce were awarded the first runner-up and second runner-up respectively.
Throughout this innovative challenge, ACCA Hong Kong aims to equip full time accounting and business degree and sub-degree students with thorough analytical skills, business proposal writing skills, presentation skills and communication skills through working in a team environment in a real and interesting business situation.
This year the organiser has invited Create Hong Kong (CreateHK) of the Government of the Hong Kong Special Administrative Region as the Partner Organisation. Each contesting team was required to simulate a non-profit making project that is conducive to the development of creative industries in Hong Kong for an institution/organisation and prepare a business proposal with a budget not exceeding HK$3 million for this project to bid a sponsorship from CreateHK's CreateSmart Initiative (CSI). Administered by CreateHK, the CSI was launched in 2009 to provide financial support to initiatives that are conducive to the development of local creative industries. On the day of the Final Competition, the five finalist teams were required to present their business proposals for this project to the panel of judges comprising finance leaders and creative industry experts.
Champion team students from the programme of Higher Diploma in Tourism and Hospitality Management of CUSCS, they said that they were inspired to incorporate the "Happy Washroom" concept into their proposal by printing comics on tissue papers and opening comic themed washrooms, in order to promote the development of local animations and comics industry.
The panel of judges was impressed by the innovative concept with the balance of feasibility of the business proposal submitted by the winning teams. The judges said the confident and outstanding performance by the Champion team players was also the key of success.
For more information please visit: www.accabusinesscompetition.com
Notes to editors:
List of Awards Recipients of Final Competition of ACCA Hong Kong Business Competition 2012 (Sub-Degree):
| Awards | Institutes | Programme |
| Champion | The Chinese University of Hong Kong - School of Continuing & Professional Studies | Higher Diploma in Tourism and Hospitality Management |
| 1st Runner-up | Hong Kong Institute of Vocational Education (Kwun Tong) | Higher Diploma in Accountancy |
| 2nd Runner-up | Hong Kong School of Commerce | Advanced Diploma in Accounting Studies |
| Best Presenter | Bella Chen / The Chinese University of Hong Kong - School of Continuing & Professional Studies | Higher Diploma in Tourism and Hospitality Management |
| Best Team Spirit | Hong Kong Institute of Vocational Education (Kwun Tong) | Higher Diploma in Accountancy |
| Most Creative Team | Hong Kong Institute of Vocational Education (Kwun Tong) | Higher Diploma in Accountancy |
| Best Proposal | The Chinese University of Hong Kong - School of Continuing & Professional Studies | Higher Diploma in Tourism and Hospitality Management |
| Best Budgeting | Hong Kong Institute of Vocational Education (Kwun Tong) | Higher Diploma in Accountancy |
| My Favourite Team | The Chinese University of Hong Kong - School of Continuing & Professional Studies | Higher Diploma in Tourism and Hospitality Management |
Sponsors of the ACCA Hong Kong Business Competition 2012 (in alphabetical order):
Partner Organisation:
Create Hong Kong (CreateHK)
Company Sponsors:
Deloitte Touche Tohmatsu, Ernst & Young, KPMG, Michael Page International, PwC, The Hung Hing Ying & Leung Hau Ling Charitable Foundation
Supporting Organisation:
UNESCO Hong Kong Association
Chinese Newspaper Media Partner:
Ming Pao Newspapers Limited
English Newspaper Media Partner:
South China Morning Post
Official Recruitment Partner:
Classified Post
About ACCA
ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. We aim to offer business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management. As the first global accountancy body entering into China, ACCA now has over 22,600 members and 42,500 students, with 7 offices in Beijing, Shanghai, Chengdu, Guangzhou, Shenzhen, Hong Kong SAR, and Macau SAR.
Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. We believe that accounting professionals bring value to economies in all stages of development. We aim to develop capacity in the profession and encourage the adoption of consistent global standards. Our values are aligned to the needs of employers in all sectors and we ensure that, through our qualifications, we prepare accountants for business. We work to open up the profession to people of all backgrounds and remove artificial barriers to entry, ensuring that our qualifications and their delivery meet the diverse needs of trainee professionals and their employers.
We support our 154,000 members and 432,000 students in 170 countries, helping them to develop successful careers in accounting and business, with the skills needed by employers. We work through a network of over 80 offices and centres and more than 8,400 Approved Employers worldwide, who provide high standards of employee learning and development.
About Create Hong Kong
"Create Hong Kong" (CreateHK) is a dedicated office set up by the HKSAR Government to lead, champion and drive the development of the creative economy in Hong Kong. Set up in June 2009, it co-ordinates the Government policy regarding creative industries, focuses Government's resources catering for the promotion and speeding up of the development of creative industries in Hong Kong, and works closely with the trade to boost the development of creative industries. The CreateSmart Initiative (CSI) is administered under CreateHK which provides funding support to initiatives that are conducive to the development of creative industries.
