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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

UFS unveils new HPC cluster

2011-04-04

Prof. Jonathan Jansen, Prof. Theuns Verschoor and staff of the UFS ICT department at the unveiling of the HPC cluster

Our university has unveiled a brand-new multimillion-rand High Performance Computing (HPC) cluster, which promises to enhance the way research is done at our university.

The new HPC cluster is a super powerful computing cluster, and already has 28 users from six university departments using it to speed up and simplify their research. The cluster of more than R2,7 million was unveiled in March 2011.

It boasts an incredible 800 processing cores and special high-speed data-transfer technology, to make even the most expensive home PC look like a stone-age relic.

Prof. Janse Tolmie, Senior Director: Information and Communication Technology Services (ICT Services) at the UFS, says the cluster is used to simulate experiments and their outcome electronically, using advanced software and the high processing power of the cluster.

The cluster is especially useful to researchers in the Chemistry, Bio-chemistry and Medical Physics departments. Prof. Tolmie says these simulations are an internationally recognised means of conducting research and it is very important for a research institution to have access to such a facility.

In the past, many research articles have been published by UFS researchers, based on research done using the previous incarnation of an HPC cluster at our university.

Prof. Tolmie says the cluster can also be connected to clusters at other universities and research facilities to form national or international HPC grids.

This will enable researchers elsewhere to access the massive processing power that UFS researchers now have at their fingertips.

Media Release
30 March 2011
Issued by: Lacea Loader
Director: Strategic Communication
Tel: 051 401 2584
Cell: 083 645 2454
E-mail: news@ufs.ac.za

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