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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

Kovsie Alumni appeals to the community to support Prof. Jansen

2009-10-28

Kovsie Alumni expresses its shock and astonishment about the sharp criticism that Prof. Jonathan Jansen, Rector and Vice-Chancellor of the University of the Free State (UFS), has been enduring since his inauguration as the 13th Rector and Vice-Chancellor of the UFS.

Prof. Jansen’s balanced speech at his inauguration was received with a standing ovation by the guests present. These guests were not only representative of the UFS community, but also of the broader South African society.

The memories of the illustrious inauguration event faded within days. Political opportunists who only criticise the Reitz announcement and do not contextualise the inaugural speech, contribute towards mass polarisation, distrust and suspicion. This stands in sharp contrast to Prof. Jansen’s message of reconciliation, unity and hope.

Prof. Jansen’s announcement that the consultation process has been re-opened is welcomed. Kovsie Alumni trusts that all role players, including the critics, would make constructive contributions. In the final instance, everybody should act in a remedial manner towards 9 persons whose lives have been changed irrevocably, namely 5 black workers and 4 white students.

Kovsie Alumni appeals to the community to support Prof. Jansen in his endeavours to remove obstacles in the way of making the UFS a world-class university. Former students, parents and other stakeholders must collectively accept the responsibilities that he has already identified.

Media release
Issued by: Naudé de Klerk
Chairperson: Kovsie Alumni
011 678 1988 / 082 551 3151
naude@edk.co.za

Mauritz Randlhoff
Vice-Chairperson : Kovsie Alumni

Pule Molalenyane
Vice-Chairperson: Kovsie Alumni
28 October 2009

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