• Tournament Rules

      

  • Tournament Information

    All students must participate in all the modules, as well as the main case presentation.. Each module will consist of a lecture and then a competition where they will test their understanding of these skills.

    General Rules

    1. All students in the tournament have to present the case as a team. 
    2. All students must participate in the presentation at the end of the tournament.
    3. Students MUST participate in all the modules and challenges.
    4. Each module and the case presentation at the tournament will be graded and ranked separately. The scores will not affect each other.
    5. Students are encouraged to dress in business casual or business professional.
    6. Students should respect all CYBL staff and judges.
    7. Students cannot leave the campus without approval.
    8. If you are late to any activity, you will automatically be disqualified.
    9. Teams may not combine with one another unless explicitly told to do so by the organizing committee.
    10. No electronic devices except electronic dictionaries will be allowed in the competition.

     

    What to Bring

    1. Writing Instrument
    2. Calculators
    3. Student Packet
    4. Water and Snacks (strongly recommended)
  • Accounting Challenge

    Type

    Individual Test

     

    Time

    135 minutes

     

    General Rules

    1. No other materials can be brought to the testing site except calculators.
    2. Electronic devices must be turned off and out of sight. Only calculators are allowed.
    3. Bring writing instruments.
    4. Students can neither talk during the competition nor interrupt other students at any time during the competition. Students who finish are permitted to leave, but they are not permitted to discuss the test with anyone until the completion of the tournament. 

    Breaking Ties

    1. Ties are broken by comparing the time students use to work out the correct answers. If two students are tied, the student who finished first will be ranked higher than the other student.
    2. Students have to answer questions stage by stage; in other words, you’ll be given a stage two question if your stage one answer is right.
    3. Your accounting grade and ranking are separate from the other competitions.

     

    Test Competencies
    The following are possible categories that the accounting module may cover. You are not required to know all of this information. The lecture before the module will explain the relevant information that the module will evaluate.

     

    Specific Requirements

    Accounting Statements

    1. Interpreting an income statement, balance sheet and cash flow statement.

    2. Creating an income statement, balance sheet and cash flow statement.

    3. Understanding and calculate revenue and expenses.

    4. Classifying assets, liabilities and equity.

     

    General Accounting Concepts

    1. Accounting Cycle.

    2. Accounting Equation.
    3. Asset, Liability, Credit, Debit, Accounts receivable, Capital, Revenue, Expense.

    4. Understanding accounting statement helps people be familiar with company’s financial health.

    5. Generally Accepted Accounting Principles (GAAP).

     

    Economic & Finances Simulation Module

    Type

    Individual and Team Simulation

     

    Time

    135 minutes

     

    General Rules

    1. No other materials can be brought to the testing site except calculators.
    2. Electronic devices must be turned off and out of sight. Only calculators are allowed.
    3. Bring writing instruments.

     

    Breaking Ties

    1. Ties are broken by comparing the time students use to work out the correct answers.
    2. Your finance and economics simulation score and ranking are separate from the other competitions.

     

    Test Competencies
    The following are possible categories that the economics and finance module may cover. You are not required to know all of this information. The lecture before the module will explain the relevant information that the module will evaluate.

     

    Specific Requirements

     

    Basic economic concepts and principles

    1. Basic economic concepts and principles.

    2. The effect of price on production and purchasing decisions.

    3. Marginal analysis.

    4. Opportunity cost.

    5. Elasticity.

    6. Substitute and complementary goods and their relative effect on prices.

     

    Cooperation structure and governance

    1. Different types of cooperation.

    2. Key corporate executive roles.

    3. Company valuations and avenues of investment.

    Marketing Challenge

    Type

    Team Activity

     

    Time

    135 minutes

     

    General Rules

    1. No other materials can be brought to the testing site except calculators and an electronic translator/dictionary.
    2. You will be given materials related to the module. You may use any materials that you are given to help you answer the questions.

     

    Breaking Ties

    1. Your marketing rank is separate from the other competitions.

     

    Test Competencies
    The following are possible categories that the marketing module may cover. You are not required to know all of this information. The lecture before the module will explain the relevant information that the module will evaluate.

     

    Specific Requirements

     

     

     

    Segmentation, Targeting and positioning

    1. Explaining market segmentation using demographics.

    2. Choosing or identifying a target market and explaining why it is appropriate.

    3. Using information to identify a positioning strategy within the target market.

     

    Basic Marketing tools

    1. Identifying the elements of the marketing mix (products, price, place and promotion)

    2. Understanding a variety of Advertising channels and PR strategies.

    3. Building or dissecting a brand identity.
    4. Describe types of product mix strategies for various products.