News story 8th Nov 2016

Global business competition success

A team of three students, including two from Monash Business School, recently placed second in 'The CFO Case Study Competition' global finals, held in Johannesburg during October.

Student Team for CFO global business competition

Students Victor Yang, James Wong (final year BCom/BLaw) and Hugh Gao (BMedSci(Hons) student) presenting at the Johannesburg Stock Exchange in Sandton, Gauteng, South Africa.

The CFO (Chief Financial Officer) Case Study Competition is an international, multi-round business management competition for young people who aspire to be global business leaders.

It challenges them to demonstrate their potential by competing to solve a set of real-life complex finance, managerial and strategic problems.

Over one thousand students from 25 countries entered the first round of the competition, which required teams to prepare a business case study around a real-world telecommunications company.

Victor Yang, James Wong and Hugh Gao were one of the six teams selected to travel to South Africa to participate in this competition and were one of two teams selected from the Asia-Pacific region.

James Wong, who is in his final year of a double degree, Bachelor of Commerce and Bachelor of Laws, said the competition was a valuable learning experience.

The case study incorporated a complex web of issues spanning accounting, finance, economics and law. In the African business context there is also a strong emphasis on business ethics and corporate social responsibility. Over and above our financial models and quantitative analyses, we had to address some particularly confronting ethical dilemmas.

James Wong

Business student

The judging panel included Chief Financial Officers from multinationals including Philips, Telkom and Telesure Group. They challenged the team’s findings with some pointed questions, which they handled with poise.

Students and teaching staff from Monash Business School's Department of Accounting and Monash South Africa were in the audience to cheer the team on.