Co-organized by XMU and Xiamen Netinnet Co. Ltd., supported by XMU’s Academic Affairs Office, XMU’s Graduate School, SMXMU and XMU Young Accounting Society, 2016 XMU “Zhengbao Netinnet Cup” Financial Decision Making National Top Ten Tournament was successfully held from December 3rd to December 4th at Xiamen University. Distinguished guests attended the opening ceremony included Mr. Lin Dongwei, the deputy party secretary of XMU and Mr. Liang Hua, the CEO of Xiamen Netinnet Co. Ltd.. For the sixth time, the tournament invited contestants in the financial decision making field from national universities and attracted considerable attention and active participants. The participants were excellent students from national top ten universities, namely Peking University, Tsinghua University, Shanghai Jiaotong University, Sun Yat-sen University, Central University of Finance and Economics, Zhongnan University of Finance and Economics, Southwestern University of Finance and Economics, and Xiamen University.
In the competition, each team had a mentor and five players, respectively functioning as CFO, financial manager, accountant, operating officer and cashier. The final score was made up of three parts: system automatic scoring, audit points and case analysis and defense, examining each team from the perspectives of operation results, financial handling ability, decision making ability and presentation performance. Adopting the way of team competition, by examining a mock enterprise's operating, finance, management, tax affairs and other corporate activities from a CFO’s point of view, the tournament increased the participants’ abilities of decision-making, risk control, tax planning and teamwork corporation, and stimulated the students’ enthusiasm for innovation and entrepreneurship. After fierce competition, XMU team won the first prize, while Sun Yat-sen University and Shanghai University of Finance and Economics hit the second, Southwestern University of Finance and Economics, Dongbei University of Finance and Economics and Central University of Finance and Economics gained the third. Shanghai Jiao Tong University and Tsinghua University were awarded the prize for excellence, while Peking University and Zhongnan University of Economics and Law the prize for the best organization. To extend influences, the tournament also set a prize for best performance, which were given to Zhongnan University of Economics and Law after Wechat and on-site voting. All the winning teams were awarded certificates and prizes.
