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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

UFS becomes the first university in Africa to sign a memorandum of understanding with the United Nations University
2009-12-01

 During the signing of the memorandum of agreement between DiMTEC and the United Nations University in Bonn, Germany were, from the left, seated: Prof. Konrad Osterwalder, Under-Secretary-General of the United Nations and Rector of the United Nations University; and Prof. Herman van Schalkwyk, Dean of the Faculty of Natural and Agricultural Sciences at the UFS; back: Prof. Dusan Sakulski, Academic Officer, UNU Cooperative Unit for South Africa; and Mr Andries Jordaan, Director of DiMTEC at the UFS.
Photo: Supplied
 
The University of the Free State (UFS) has become the first university in Africa to sign a memorandum of understanding with the United Nations University. The memorandum of understanding was negotiated by Mr Andries Jordaan, Director of the UFS's Disaster Management Training and Education Centre for Africa (DiMTEC).

Mr Jordaan negotiated with the United Nations University Institute for Environment and Human Security (UNU-EHS) to foster a relationship and combine their pool of resources for training in different aspects of Disaster Management. A triangular agreement between DiMTEC, UNU-EHS and the University of Novi Sad in Serbia will be established in three phases. The first phase is the signing of a memorandum of understanding between DiMTEC and UNU-EHS. This phase was completed in September 2009, when Prof. Konrad Osterwalder, Under-Secretary-General of the United Nations and Rector of the United Nations University, and Prof. Herman van Schalkwyk, Dean of the Faculty of Natural and Agricultural Sciences at the UFS signed the memorandum in Bonn, Germany. The second phase is a memorandum of understanding between UNU-EHS and the University of Novi Sad.

The memorandum of understanding entails among others joint projects between DiMTEC and the UNU-EHS, research for specific projects, exchange of lecturers and that the UNU will assist DiMTEC with external evaluation. As a result of this memorandum, the two universities have already combined their pool of resources by presenting a vulnerability short course and a visitation to the Republic of the Congo.

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