Elites from Nine Hong Kong Institutes Compete for ACCA HK Business Competition Championship

HONG KONG and MACAU, Nov. 27, 2012 /PRNewswire/ -- The top five finalist teams of the Degree and Sub-degree groups are shortlisted amongst 607 teams to compete for the championship at the ACCA Hong Kong Business Competition - Final Competitions to be held on 1 December (Degree) and 8 December (Sub-degree) with the theme to promote Hong Kong's creative industries.

Organised by ACCA (the Association of Chartered Certified Accountants) Hong Kong, the Business Competition aims to equip both 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.

After reviewing the participating teams' proposals, the top five finalist teams of each group have been selected to enter the Final Competitions. For the Degree Group, the finalist teams are from City University of Hong Kong, The Chinese University of Hong Kong, The Hong Kong University of Science and Technology and The University of Hong Kong.

For the Sub-degree Group, the finalist teams include students from Hong Kong College of Technology, Hong Kong Institute of Vocational Education (Kwun Tong), Hong Kong School of Commerce, The Chinese University of Hong Kong - School of Continuing & Professional Studies and The University of Hong Kong - SPACE.

This year ACCA Hong Kong has invited Create Hong Kong (CreateHK) of the Government of the Hong Kong Special Administrative Region as the Partner Organisation. Each contesting team is 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 for this project to bid a sponsorship from CreateHK's CreateSmart Initiative (CSI). The CSI was launched in 2009 to provide financial support to initiatives that are conducive to the development of local creative industries.

The panel of judges comprises of finance leaders and creative industry experts will assess each contesting team according to the content of their business proposal, presentation skills and team work communication.

ACCA welcomes interested parties to attend the Final Competitions to support these outstanding students and appreciate their interesting ideas on promoting the development of creative industries in Hong Kong.

For more information please visit: www.accabusinesscompetition.com

Notes to editors:

Programme Rundown of the Final Competitions

Top Five Finalist Teams of  Final Competition (Degree) on 1 December 2012 

Top Five Finalist Teams of Final Competition (Sub-degree) on 8 December 2012 

Panel of Judges of  Final Competition (Degree) on 1 December 2012

Panel of Judges of Final Competition (Sub-degree) on 8 December 2012

Sponsors of the ACCA HK Business Competition (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.

www.accaglobal.com

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.

www.createhk.gov.hk