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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

SRC elections continue despite illegal protests on UFS Main Campus

2011-08-17

After today’s (17 August 2011) illegal protest by about 150 demonstrators from outside the university in front of the Main Building on our Bloemfontein Campus, Mr Rudi Buys, Dean: Student Affairs, said the elections for a Representative Student Council still continues. “Student Council candidates will continue with their campaign and, as agreed, no external politics will be allowed in the elections.”

Student leaders have expressed their frustration with the outside groups who interfere with processes on campus.

The UFS was the target of a group of people from outside the university who protested in front of the Main Building. The group, armed with sticks and bricks, had no clear demands other than that the UFS Council should be dissolved and management fired. It appears that some of the outsiders – from places such as Welkom and Kroonstad – did not know what they came to do at the university.

No students were involved in the protest action.

During the demonstration, the police and campus security were deployed and some of the demonstrators were arrested.

Prof. Jonathan Jansen, Vice-Chancellor and Rector said: “The UFS is worried about the thuggish behaviour by outside groups invading the university campus. An urgent interdict has been obtained and any further invasions by outside groups will lead to arrest.”

The illegal process had no impact on the academic programme at the university. Everything continues as normal.

Media Release
17 August 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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