Bangalore: IMA (Institute of Management Accountants), held its annual Student Case Competition in Bangalore on 25 March 2017. From a pool of nearly 50 student team submissions, the team from Brihan Maharashtra College of Commerce (BMCC) in Pune emerged as the grand winner following the final competition.
To participate, colleges and universities selected a team of three to five students to determine the best solution for a management accounting case. Student teams submitted their case analysis which went through a preliminary evaluation. The top eight teams were selected and called to present their case to a panel of judges. Finalist teams included Brihan Maharashtra College of Commerce, Pune; Christ University, Bangalore; Ethiraj College for Women, Chennai; Indian Institute of Technology (IIT), Guwahati; Indian Institute of Technology (IIT), Madras; Jain College, Bangalore; Manav Rachna International University, Haryana; and Symbiosis College of Arts and Commerce, Pune.
“First, we started attacking the case until we knew the whole case by heart. Then, we made a list of high priority issues and possible problems and concentrated on them one by one,” stated Aditya Sudhir Shelar when asked how the BMCC team prepared for the competition. “This case study was an excellent opportunity to test our theoretical knowledge into the practical world. It also helped us develop a manager’s perspective towards problem solving, and decision making.”
Meanwhile, the team from Ethiraj College for Women in Chennai emerged as the first runner-up while the team from Pune’s Symbiosis College of Arts and Commerce won the second runner-up.
“This competition has been a great learning experience. We learned how to present our ideas and views with confidence and conviction. This is our biggest take away from the event,” stated Niveditha K, one of the team members from Ethiraj College for Women.
The winning teams received US$1500, US$1000, and US$500 respectively. In addition to the monetary award, the members of the top three teams will have an opportunity to receive CMA® (Certified Management Accountant) scholarships worth US$850 each.
Globally, IMA sponsors a variety of awards, competitions, and scholarship programs to help students earn recognition for their achievements and develop a curious, experimental, and adaptable mindset among future accounting and finance professionals.
The Student Case Competition in India was held in partnership with John Wiley and Sons, Inc. (Wiley), publisher of the CMA Learning System and Miles Professional Education (Miles), IMA platinum-approved review provider in India.