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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

New yeast named after Bloemfontein

2011-11-21

Martie Smit, prof Jacobus Albertyn and Carlien Pohl.
Photo: Stefan Lotter

A second living organism was named after Bloemfontein, adding to the fact that the University of the Free State (UFS) has the largest yeast collection in the Southern Hemisphere.

In an article in the highly acclaimed scientific journal, International Journal of Systematic and Evolutionary Microbiology, three lecturers from the Department of Microbial, Biochemical and Food Biotechnology, at the UFS, Dr Carlien Pohl, Prof. Martie Smit and Prof. Jacobus Albertyn, describe four new yeast species.

One of these species, isolated from pine needles from Bloemfontein, has been named after this city and will be known as Rhodotorula bloemfonteinensis. ‘Rhodo’ refers to the redness of these types of yeast. This makes this yeast only the second living organism to be named after Bloemfontein. The other is a mite (Pilogalumna bloemfonteinensis), which was described in 1972.

In short, yeast is a micro-organism that is part of the fungi family. Prof. Albertyn, “The most common of these are the bakers’ yeast, of which the bloemfonteinensis forms part.”

Among these four species they discovered, the Rhodotorula pini was also discovered on the Bloemfontein Campus of the UFS during December 1995.

“The UFS now has the largest yeast collection in the Southern Hemisphere. All over the world, science is busy researching the field of bio-diversity. This promotes the bio-diversity at the UFS,” Prof. Albertyn says.

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