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School of Accountancy graduates achieve exceptional results in SAICA ITC professional exams

09 July 2021 | Story Dr Nitha Ramnath | Photo Pixabay

Graduates in the University of the Free State School of Accountancy achieved exceptional results in the South African Institute of Chartered Accountants (SAICA) Initial Test of Competence (ITC). The UFS achieved an 81% pass rate in the April ITC exam for first-time writers of the BAcc Honours and PGDip (Chartered Accountancy) programmes, compared to the national average of 70%.

The ITC examination is the first of two qualifying professional examinations required to qualify as a chartered accountant (CA(SA)) in South Africa and is written by graduates shortly after completion of their formal university studies. There are two sittings for this examination annually, and the April exam is the first for 2021.

“These results were attained despite the very challenging circumstances of the emergency remote teaching environment during 2020 and is testament to the quality of our CA programme and the hard work and dedication of the staff of the School of Accountancy,” said Prof Frans Prinsloo, Director: School of Accountancy. He added that, “the results confirm the ‘quality’ / ‘excellence’ of our CA programme, and reinforce similar observations made by the SAICA monitoring team following their 2020 full visit (which included a detailed evaluation of our CA programme)”.

Transformation of chartered accountancy profession

Seventy percent of UFS graduates passed the April 2021 ITC examination, including 38 African and 3 Coloured graduates, while 10 out of 13 of the Thuthuka Bursary Programme graduates of 2020 passed. More than 60% of UFS graduates who passed the examination are black (i.e., African, Coloured, and Indian), with a pass rate of 73% compared to the national average of 52%, which include first-time and repeat candidates. The results are testimony of the interventions put in place to contribute to the transformation of the chartered accountancy profession.

Student-centred teaching approach

The School of Accountancy follows a ‘student-centred’ teaching and learning approach. During the COVID-19 pandemic, teaching was predominantly remote and was adapted to include ongoing, clear communication about the academic programme, comprehensive teaching materials containing additional explanations, learning notes, comments, cross-references to theory, and step-by-step learning guides per topic to enable students to navigate their learning.

Other interventions have also been put in place to support students financially via the school’s INTRABAS unit, mentorship and peer support initiatives, detailed tracking of student participation and performance, follow-up with students, and regular ‘check-ins’ with the student body to consider the student voice and ensure the relevance of the teaching offering.

The UFS is looking forward to the journey of our candidates and their contributions to the world of work.

News Archive

Future Leader’s Award 2017 goes to UFS Quantity Surveying student

2017-08-11

Celebrating big achievements in the construction
sector at the recent Association of South African
Quantity Surveyors (ASAQS) conference are, from
the left: Cameron Ferreira, junior lecturer in the
UFS Department of Quantity Surveying,
Jhon Thatcher, former UFS student in the same
department who was the second runner-up for the
Gold Medal Award, Dr Stephan Ramabodu, President
of ASAQS, Gerné Bothma, former student in the
department and winner of the Future Leaders’
Award 2017, and Pierre Oosthuizen, UFS lecturer in
the same department.
Photos: Supplied

The Department of Quantity Surveying and Construction Management at the University of the Free State (UFS) made good on its promise to develop independent and critical-thinking graduates who will become leaders in their field. At the recent Association of South African Quantity Surveyors (ASAQS) conference and gala dinner, two students from the department, Gerné Botma and Jhon Thatcher, received awards for their outstanding performance.

Best of the best
Botma received the ASAQS Future Leaders’ Award (2017), an award based on academic achievement in the first three years of study. He competed with nominees from universities across South Africa offering Quantity Surveying programmes, and was the winner in this category.

Thatcher was a second runner-up for the ASAQS Gold Medal Award (being in the top three Quantity Surveying students in South Africa). This is awarded on a number of criteria, including academic achievement. Fourth-year students from all the universities in South Africa offering Quantity Surveying programmes compete for this award, and must display achievement in categories such as academia, leadership, community engagement, and general interests. In 2016, the Gold Medal Award was won by the UFS student, Kamogelo Leeuw.

Keeping abreast of developments
Today, organisations are relying on its members to stay ahead of issues, technologies, innovations and trends. In Quantity Surveying, to keep abreast of developments in the built environment, ASAQS was established as a voluntary association, with one of its goals being advancing and promoting the science and practice of Quantity Surveying. ASAQS works in close collaboration with its member firms, tertiary institutions, and the South African Council for Quantity Surveying Professions (SACQSP), a statutory body that oversees and regulates the profession, and accredit Quantity Surveying programmes in South Africa.

Two staff members from the UFS Department of Quantity Surveying and Construction Management, Cameron Ferreira and Pierre Oosthuizen, attended the recent ASAQS annual conference. Ferreira, a junior lecturer in the department, is the current Chapter Chairperson of the Free State for ASAQS and Oosthuizen, a lecturer in the department, is the former Chapter Chairperson.

According to Ferreira, they attended the conference to keep abreast of the latest development within the industry. “The event also served as a great networking opportunity for the UFS to build partnerships with other industry pioneers,” she said. Making use of opportunities such as these is in line with the UFS’s pursuit of lifelong learning.

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