Two teams of students represented TAR UC in the 16th National Inter-Varsity Accounting Quiz 2017 (‘16th N-IVAQ’) which was held from 14-15 April 2017 where one of the teams went on to win the Champion title in the competition. The top team of students who are all studying the Bachelor of Commerce (Hons) in TAR UC claimed the top spot after beating 216 other participants from 25 different institutes of higher learning. The annually held competition was organised by the Multimedia University Accounting Club (Melaka Campus) in collaboration with the Malaysian Institute of Accountants (‘MIA’).
There were altogether 3 stages in the competition. In the qualifying round, participants were required to answer 60 multiple choice questions and 1 structured question. From the qualifying round, the top 20 teams advanced to the semi-final stage where they were required to answer 10 subjective questions. The top 5 teams with the best answers in the semi-final round then proceeded to the finals to do a presentation on a specific accounting topic to a panel of judges.
The Champion team from TAR UC consists of team members Lim Jing Jie, Cha Chin Seng, Kang Chien Woei and Debbie Lim Wing Yee. Team leader Lim Jing Jie was very happy with the team’s impressive win in the competition. “The competition posed a new set of challenges for us as the questions posted to us were developed by MIA and they were very industry-related. Besides this, the questions covered various areas such as auditing, financial accounting, finance, management accounting, professional / business ethics & corporate governance and accounting information systems. As such, I am extremely proud of our team’s achievement that despite the questions being difficult, we succeeded in tackling the challenges,” Jing Jie shared.
Explaining on how the team took up the challenge to do their best in the competition, Cha Chin Seng elaborated: “The odds were against us as all of us are currently undergoing our internship, thus leaving us limited time to prepare well for the competition. On top of this, we also did not have much knowledge in certain areas which were covered in the competition. However, those odds motivated us to do our very best. In addition to this, our lecturers were amazing in dedicating their time and energy to help us in every way possible and TAR UC provided all the necessary learning materials for us to prepare well for the competition. And while preparing for this competition I realised that our lecturers had taught us very effectively as we could easily recall the lessons they taught us in class with minimum time spent on revision.”
As Champions, the students took home a total cash prize worth RM1,500 and the grand trophy as well as each of them receiving their own trophy.
Lee Teck Yuan and Chua Wei Choon who are studying the Bachelor of Commerce (Hons) and Tan Kar Men and Chin Hong Yip both of whom are students of the Bachelor of Accounting (Hons), were the members of the other team from TAR UC who reached the semi-final stage of the competition.