Bachelor of Accounting & Financial Management

 

 



"Basic financial skills
are a critical building
block in every person's education.
Integrating financial skills
development throughout the
curriculum ensures that Ontario
students will have the knowledge
to make effective decisions
throughout their lives."

Tom Hamza,
Co-Chair, Ontario Work Group on
Financial Literacy

 




SCHOOL OF ACCOUNTING AND FINANCE

FINANCIAL LITERACY COMPETITION

Assisting students in meeting the challenges of a modern economy

The University of Waterloo's School of Accounting and Finance (SAF) graduates the largest number of accounting academics in Canada and has an unparalleled reputation for excellence in accounting and finance education.

In response to the 2010 Ministry of Education Working Group on Financial Literacy report that identified the importance of financial literacy education in supporting the success of all students, the SAF has established a Financial Literacy Competition to assist in educating and promoting financial responsibility.


Financial Literacy Competition - May 28, 2012

FLC Background: To create exceptional learning opportunities for bright secondary school students, the SAF has established a Financial Literacy Competition (FLC) to help support and enhance financial literacy education within Canadian secondary schools.

The FLC, has been developed in collaboration with business teachers within the Waterloo public and catholic school boards. The inaugural FLC will be offered to select Grade 9 and 10 students, initially in the Waterloo public, private, and catholic schools and eventually to all Ontario and Canadian secondary school students. This is an exciting opportunity for secondary school teachers to engage their students to test and challenge their knowledge in personal finance and wealth management, as well as generating interest in furthering their studies in the areas of accounting, finance, and business.

Competition:

  • provide an incentive for secondary school students to learn more about personal and business finance,
  • offer an excellent opportunity for the SAF to share, contribute, and assist secondary schools in delivering
    and integrating financial literacy education into the Ontario curriculum,
  • foster the interest of secondary school students in the disciplines of finance, accounting, and business,
  • offer an excellent opportunity for secondary school teachers to contribute to the development and ongoing
    enhancement of the FLC, and
  • create a talented pool of secondary school students who will be confident in their financial security and
    well-being in dealing with an increasingly complex world of finance.

Contest format:

  • Each participating school will receive 12 calculators with their FLC competition package
  • 70 multiple choice questions
  • 1 hour
  • Competition to be conducted during 1st class period of the day starting between 8:15am and 9:15am
  • 70 total marks
  • Only non-programmable calculators provided will be permitted
  • The FLC is written in schools and supervised by teachers


  • Open to Grade 9 and 10 secondary school students enrolled in or who have completed a business studies course.

  • Maximum of 10 students per school to be selected.

  • Selection of students will be at the discretion of the business studies teacher.

    • Most of the questions are based on the business studies curriculum for Grades 9 and 10.

    Questions will be based on the following topics:

    • Income Management
    • Banking
    • Investing
    • Credit
    • Economic Basics
    • Accounting
    We recommend that students spend some time preparing for the FLC by challenging the sample questions. We encourage teachers to make this a regular classroom activity.
    The solutions to the 2012 FLC are available for download and each registering teacher will receive a listing of how their students have ranked within their school and overall.

    We recognize top performing students and schools.

    Recognition

    • Each participating school will receive a list ranking (by school and overall) of their students.
    • Names of the top 3 winning students overall, and the top student from each school and their teachers will be posted onto the uWaterloo’s FLC site.
    • Media release will be sent to the Waterloo Chronicle, The Record, and Cambridge Times to announce the top 3 winning students overall and their teachers.
    • Media release will be sent to Sun Life and each participating school to allow each school the opportunity to draft stories and/or news articles for their own school newspapers and websites.
    • The top 3 winning students and their teachers will be invited to a Breakfast, tour, and mix and mingle with senior leadership from Sun Life Financial.
            • Date: June 2012 – date to be finalized
            • Time: 8:30am to 10:30am
            • Location: Sun Life Financial, Kitchener

     

     

    Registration Deadline: May 11, 2012

    saf.uwaterloo.ca/FLC-registration.html

    The School of Accounting and Finance invite you to help enhance your students' learning opportunities by registering your top 10 Grade 9 and/or 10 business studies students for the FLC. Your support in this exciting new competition will help build financially confident students who can effectively contribute to a world economy.


    The Financial Literacy Competition is sponsored by Sun Life Financial





    AFM
    The School of Accounting and Finance is the only English speaking professional school of its kind in Canada. We offer 2 undergraduate (Accounting and Financial Management and Computing and Financial Management) and 3 graduate (Master of Accounting; Master of Taxation; PhD in Accounting) programs to provide students with the technical, analytical, evaluative, and communication skills needed to prepare for successful careers in public accounting, finance, industry, government and not-for-profit sectors. In conjunction with the Faculties of Mathematics and Science, the School also administers 2 undergraduate programs (Mathematics/Chartered Accountancy; Biotechnology/Chartered Accountancy) and 1 graduate program (Master of Quantitative Finance).