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29 August 2019 | Story Valentino Ndaba
Michelle de Lange
Michelle de Lange was placed fourth in the world in the Chartered Global Management Accountant exams.
A letter from the Vice-President of Examinations at the Association for International Certified Professional Accountants, Stephen Flatman, reads: “The Chartered Global Management Accountant (CGMA) Examination Board has determined the highest achievers at this level and I am pleased to inform you that you have obtained fourth position in the world for the May 2019 Chartered Institute of Management Accountants (CIMA) Gateway Exam.” The letter was addressed to Michelle de Lange, lecturer at the University of the Free State’s (UFS) School of Accountancy.

This achievement in the tough Chartered Institute of Management Accountants (CIMA) examination is a step in the right direction for De Lange who has been tasked with assisting in coordinating and presenting a new Financial Management qualification next year. “I want to be somewhere where I can make a difference, change a life, plant a dream in someone’s heart and help guide our future generations,” says De Lange. 

Taking local and global footsteps

Prof Frans Prinsloo, Director at the UFS School of Accountancy, has only praise for De Lange and says he looks forward to her influencing the climate and culture of academics. “It is noteworthy that we will be offering the BCom Honours in Financial Management in 2020 and all course content will be aligned to the CIMA Management Level outcomes in order to prepare students to write this exam next November. De Lange will be one of the lecturers on this programme,” Prof Prinsloo says. 

For the love of Accounting

“When I eventually qualified and started working as a financial manager of a large company in Bloemfontein, I realised just how much I loved the field of management accounting – blending leadership, cost and management accounting and strategic decision-making,” says De Lange. 
Although her passion for the field of accounting can be traced back to high school, it was the corporate world that re-ignited the strong spark. This passion has undoubtedly contributed to her international acclaim.

News Archive

UFS finances are fundamentally sound
2007-12-01

The finances of the University of the Free State (UFS) remain fundamentally sound and a higher than expected surplus of about R26 million was achieved in the 2007 budget.

This announcement was made last week during the last meeting of the UFS Council by Prof. Frederick Fourie, Rector and Vice-Chancellor.

“Up to now, we could finance the considerable investments in the infrastructure from discretionary funds, in spite of the fact that Council granted us permission during 2005/06 to take up a loan of R50 million for this purpose,” said Prof. Fourie.

The higher than expected surplus of about R26 million will be used among other things for the financing of infrastructure in order to further postpone the taking up of a loan.

In support of the drive to reposition the UFS nationally as a university that is successfully integrating excellence and diversity, R5 million will be made available from the surplus for this purpose.

The Council also approved the following allocations for 2008 for the key strategic pillars of a good practice budget for the university:

Information sources: R21,1 million
IT infrastructure: R3,5 million
Replacing expensive equipment: R7,05 million
Research: R18,1 million
Capital expenditure: R28,2 million
Maintenance capital assets: R18,2 million
Reserves: R6,3 million
Personal computers for the computer laboratory: R3,5 million

For the Qwaqwa Campus R2,5 million has been set aside for these issues.

In terms of strategic priorities R8 million was allocated for the academic clusters, R2 million for equitability, diversity and redress and R6 million for equity.

The projected income for 2008 will be R849 million, while the projected expenditure, excluding transfers, will be R694 million.

“Council further approved that discretionary strategic funds be largely voted to the further upgrading of the physical infrastructure, especially the Chemistry Building, the computer laboratory building, examination venues and the Joolkol,” said Prof. Fourie.

According to Prof. Fourie, funds have been reserved for the development of the academic clusters, as well as the continuation and acceleration of the transformation programme of the UFS.

“We have also managed to revise the conditions of employment of contract appointments and align it with the latest labour practices. The phasing in of the fringe benefits of this specific group of staff members will commence in 2008,” said Prof. Fourie.

Given the dependence of the income of the UFS on student numbers, a task team was formed last year to investigate the continued financial sustainability of the UFS. The core of this task team’s recommendations is:

to increase the third income stream by using the academic clusters as the main strategy; and to apply strategies such as the recruitment and extension of the postgraduate and foreign student corps, increase the income from donations and fundraising, etc.

Media Release
Issued by: Lacea Loader
Assistant Director: Media Liaison
Tel: 051 401 2584
Cell: 083 645 2454
E-mail: loaderl.stg@ufs.ac.za
30 November 2007
 

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