Joining the Chartered Institute of Management Accounting (Cima) 2015 Global Business Challenge was a valuable experience.
Organised in partnership with the bank and financial services company Barclays, the competition is for undergraduates looking to work in business.
Our team of four competed with about 130 other local teams at the Hong Kong stage, where we won the championship and best video award.
This victory meant we went on to represent Hong Kong against teams from 25 other countries and regions in Warsaw, Poland, in August.
The competition involved acting as consultants to provide strategy guidance for a hypothetical oil and gas exploration and production company in Britain.
The first event was a welcome dinner, which gave us the opportunity to get to know students from different counties.
During the evening, we also got to enjoy some Polish folk dancing. It was amazing!
On the second day, sessions run by Cima and Barclays helped us better understand the two organisations.
In the Cima session, we got to know what management accounting is and its principles. To get a better understanding of the concepts, we analysed cases, watched presentations, and worked with candidates from other countries.
Meanwhile, Barclays taught us about the company's history and how it currently operates.
That evening, we had a summer party which was held beside a river.
The atmosphere among the teams was fantastic - I can still remember the music, the barbecue and the happy smiles on all the faces.
After the fun, it was time to get down to business. Held over two days, the competition was intense and had a lot of strong teams.
The process enabled us to learn a lot from others, and the useful feedback from the judges was one of the most valuable things we took from the experience.
We had to apply our knowledge of accounting and business ethics, while polishing teamwork, analytical thinking and presentation skills.
One of the most important elements was sharing our thinking processes with the judges, and presenting the team's ideas in a logical and professional way.
We considered questions like "What's the unique selling point?" and "Can we think out of the box?"
Our adviser, David Yip Sai-on, guided us through business social skills, and how to manage the presentation and question-and-answer sessions.
This training will not only be useful to us in our current studies, but also in our future careers.