22 June 2005050622
22 June 2005
Arnold Chiswick, Major, 1st Airborne Insolvency Division and Founder and Secretary, Extreme Accounting.
.jpg)
Extreme Accountant takes his best shot at bringing down the deficit.
Arnold Chiswick and his crack team of Extreme Accountants battle it out.
On Sunday 19 June 2005, six crack teams of Extreme-Accountants from Cadbury Schweppes, BMI, Michael Page, Jaguar Land Rover, Warwickshire County Council and HSBC battled it out in the ultimate Extreme-Accounting Corporate Challenge.
Despite the sweltering heat, the accountants faced a number of challenges of skill and daring. They had to cope with accelerated depreciation while putting a Moon Buggy through its paces, use the High Low method whilst shooting clay pigeons, avoid negative yield curves in the Land Rover off-road trial and aim for a bull position in the Extreme-Archery contest. There was even a prize for the team that came up with the best (and most accurate) method for calculating depreciation on the Land Rovers used.
The winning team enjoyed a hair-raising circuit with the Russ Swift Mini Display Team including driving whilst balanced on two wheels. Russ Swift even admitted that it was probably a record for most accountants ever in a stunt car. Money raised was donated to the British Dyslexia Association.
Extreme-Accounting, sponsored by CODA and CIMA, is the latest form of physical (and fiscal) endeavour ' injecting, as it does, all the thrills and adrenaline rush of accounting into the otherwise mundane world of extreme sports.
High resolution photographs can be downloaded from
ftp://ftp.coda.com/
Username: graphics
Password: c0l0urful (note the zeros)
Notes to editors
1. CIMA (the Chartered Institute of Management Accountants) is a leading professional body that offers an internationally recognised qualification in management accountancy, focussing on accounting in business. It is the fastest growing UK based membership body, in terms of members, in both the UK and worldwide and is the voice of over 85,000 students and 65,000 members in 156 countries. CIMA is responsible for the education and training of management accountants who work in industry, commerce and not-for-profit and has more members in the public sector than any other UK based body. CIMA prides itself on the commercial relevance of its syllabus, which is in tune with the activities of high performance organisations, and evolves continually reflecting the latest developments in global business. It is committed to upholding the highest ethical and professional standards of members and students, and to maintaining public confidence in management accountancy. For more information about CIMA, please visit www.cimaglobal.com
2. CODA provides best-of-class, finance-based management information solutions. These include award winning accounting and procurement systems linked to a suite of applications that support finance, reporting and analytic processes across the organization. Amongst these complementary applications is a range of powerful new collaborative applications, to streamline and automate key business processes ' such as: regulatory compliance, financial period-end close or corporate responsibility programmes. These analysis and collaborative solutions integrate seamlessly both with CODA applications and other leading operational systems to capitalize on customers' existing IT investments. CODA's product offerings are all underpinned by expert consultancy, education and support services, delivered by teams of experienced accountants and technology specialists. Founded in the UK in 1979, the CODA Group now employs more than 550 people around the world and delivers global sales, service & support through its own offices, together with a carefully selected network of partners. Its customers include over 2,500 medium and large user organizations ' worldwide and across all industry sectors. For more information about CODA, please visit: http://www.coda.com
3. For more information about this event and the sport of Extreme-Accounting, please visit www.extreme-accounting.com
For more photographs and further information please contact:
Steven Hilton
Press Officer, CIMA
T: 020 8849 2427
E: steven.hilton@cimaglobal.com