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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

Fresh new look for UFS Sasol Library

2013-03-15

The revamped entrance area of the UFS Sasol Library.
Photo: Johan Roux
15 March 2013

The UFS Sasol Library on the Bloemfontein Campus has been renovated with a fresh new look to cater for the changing study needs of students. Over the last few months several upgrades have been made to ensure that students get an effective learning experience.

These upgrades will be spread over three phases. Upgrades include newly-built overnight study facilities, partitioned study areas for postgraduate students and areas for leisure reading. Special attention has also been given to security, with the access control system and the tattle-tape security system being moved to the foyer on Level 2. This level, which used to serve only as a thoroughfare to and from the eastern and western parts of the library, has been turned into proper foyers on either side.

"The UFS Library and Information Services are on a mission to present itself as the physical and virtual information hub of choice," says Director Betsy Eister. "The increased intake of new students and technological developments has sparked the notion of new and revamped study spaces conducive to learning.”

Eister says that, after the completion of all three phases, the library will have increased study spaces that appeal to different people with different needs – spaces for studying, leisure reading, newspaper reading, accessing wired and wireless connections and spaces for discussions.

The project which started in October 2012 is part of the university's space-planning projects to optimally utilise space on the Bloemfontein Campus. The project will also see the Centre for Teaching and Learning move to Level 3 of the library.

Hendri Pretorius from the Department of Architecture was the Project Leader responsible for the upgrades to the Library.

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