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UFS students attain a 94.7% pass rate in challenging SAICA exam

23 August 2019 | Story Valentino Ndaba

UFS Accountancy students — The UFS School of Accountancy is fast becoming one of the best in the country.

Becoming a Chartered Accountant (SA) entails successfully completing the rigorous education and training requirements set by the South African Institute of Chartered Accountants (SAICA). As part of these requirements, all prospective CAs are required to write SAICA’s challenging Initial Test of Competence (ITC). A total of 83 graduates from the University of the Free State (UFS) passed the 2019 ITC examinations, making the Kovsie community and School of Accountancy proud.

Prof Frans Prinsloo, the Director at the UFS School of Accountancy, applauded the successful graduates – of whom 39 are African, five coloured, one Indian, and 38 white. “More than 55% of our graduates who wrote the exam are black (African, coloured and Indian), demonstrating that our emphasis on building the pipeline of under-represented prospective Chartered Accountants (SA) is paying off in terms of both racial and gender inclusion.”

Rising above the ultimate test
SAICA released the results of the June 2019 ITC examination on Friday 16 August 2019. The ITC examination is the first of two professional examinations required for qualification as a Chartered Accountant (SA), and is written shortly after completion of formal university studies. There are two sittings of this examination annually, in January and June.

Compared to the national average pass rate of 75.4% for the 2019 ITC examinations, UFS BAcc Honours and Postgraduate Diploma in Chartered Accountancy graduates delivered a superior performance. The 94.7% pass show that our graduates are a force to be reckoned with.

Upping standards
More than 10 of the Thuthuka Bursary Programme graduates of 2018 who wrote the 2019 ITC examinations, passed, which translates into a 92% pass for this group. Such an achievement also confirms the success of the bursary programme ‘wraparound support’ interventions, by delivering results well in excess of the national average. These interventions also extend to the development of professional skills essential for the corporate world – thereby ensuring that these graduates are not only technically strong, but ‘work-ready’.

Best in the business of excellence
“These results place the UFS School of Accountancy amongst the best in the country in terms of Chartered Accountancy education, and is testament to the hard work of the academic staff and the quality of our CA programme,” says Prof Prinsloo.

News Archive

Darwin lecture focuses on the genetic foundation of evolution

2009-05-22

The Department of Genetics at the University of the Free State (UFS) recently made their contribution to the story of life and survival by presenting two lectures on The genetic foundation of evolution. Prof. Johan Spies, Head of the Department of Genetics at the UFS discussed the variation that was created by mutations and how this variation was enhanced by re-combination. He also pointed out that these methods contributed relatively little to the gene pool of a species and that the expansion of the gene pool primarily took place by means of chromosome evolution. The latter also contributed to the creation of isolation mechanisms to prevent hybridism. He further emphasised the multitude of deviations of mendelian heredity, which contributed to more variation within a species.

Prof. Paul Grobler, Associate Professor from this department, next pointed out how natural selection played a role to form new species. He used various examples to indicate how the process took its course, for example, lactose intolerance. He also reported out that the man on the street mostly believed that Darwin with his theory of the survival of the fittest meant that the physically strongest species would survive. It was more a case of the one that could reproduce the fastest and the most, that would survive, he stated.

Present at the occasion were, from left front: Ms Letecia Jonker, student, Prof. Grobler, Ms Paula Spies, lecturer at the Department of Genetics and Ms Zurika Odendaal, junior lecturer at the Department of Genetics; back: Prof. Spies.
Photo: Stephen Collett

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