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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

Kovsies foster closer ties with Asian universities
2012-03-19

 

The UFS’s exhibition at the second International Seminar and QS MasterClass on Internationalisation of Higher Education (iQS) in Thailand.
19 March 2012


We increased our stature in Asia by presenting the International Seminar and QS MasterClass on Internationalisation of Higher Education (iQS) in Thailand in cooperation with four universities from the region.

The UFS presented the seminar together with Mahasarakham University of Thailand, Guangxi University for Nationalities in China, Universiti Teknologi Malayisiaand the University of the Philippines Diliman. The UFS’s involvement in the seminar is the result of a cooperation agreement that was signed with Mahasarakham University, the host of the seminar. The UFS is the first university in Africa that has a cooperation agreement with Mahasarakham.
 
Prof. Driekie Hay, Vice-Rector: Academic, and Prof. Annette Wilkinson, Professor-Researcher at the Centre for Teaching and Learning, represented the UFS. They ensured that delegates to the seminar were aware of what was happening at Kovsies. Prof. Hay took part in a panel discussion. She also delivered a paper in which she looked at the implications of internationalisation on curricula. The UFS also had an exhibition at the event.
 
Prof. Wilkinson said the seminar offers universities in that part of the world the opportunity to improve their position internationally by exchanging knowledge and ideas. She said the approximately 130 delegates showed considerable interest in the UFS.
“A number of Mahasarakham University’s lecturers and management, as well as some of the other delegates, expressed an interest in visiting the UFS and in fostering closer ties.”

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