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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 acts fast in expelling students for serious misconduct

2014-02-22

On the evening of Monday 17 February 2014, Muzi Gwebu, a fifth-year student in BCom Economics, while walking on the Bloemfontein Campus of the UFS, was side-swiped by a vehicle driving recklessly through campus. He followed the vehicle where it stopped at one of the residences and approached the two occupants. A confrontation started and he was assaulted by one of the occupants of the vehicle.

Gwebu sustained minor injuries and was immediately assisted by the university’s residence life division. He lodged a complaint of assault at the South African Police Service (SAPS).

The senior leadership of the UFS is shocked and outraged at this blatant act of violence against one of its students. The Vice-Chancellor and Rector, Prof Jonathan Jansen, says: “We regard this incident in a very serious light and we worked closely with the SAPS throughout the night to identify and locate the perpetrators who were driving with false number plates.”

With the assistance of the student leadership in one of the residences, the owner of the vehicle and his companion were traced this morning.

The two students were immediately handed to SAPS by the university’s Protection Services and were arrested on charges of attempted murder, assault and driving with false number plates.

In addition to the criminal investigation by the SAPS, the university is also conducting an urgent and formal investigation into the incident.

The university has offered Gwebu full counselling and support until he is fully recovered.

“It is sad and disappointing that, after so much progress with the social transformation of the UFS, such a horrific incident could have occurred. It is pleasing, however, that across the board, all our students condemned these vicious acts. The students, if found guilty in the criminal and institutional investigations, will definitely not be allowed to study at the University of the Free State,” he said.

END

Statement by Dr Willy Nel, Residence Head of Armentum men’s residence

The Residence Head, Residence Committee and all residents of Armentum male residence on the Bloemfontein Campus unequivocally distance themselves from any behaviour which does not breathe the letter and spirit of the University of the Free State's vision of Human Embrace and Academic Excellence. We work tirelessly to upend traditions that are contradicting this vision. Therefore we add our voice to those who condemn the incident in which ex-residents allegedly assaulted a pedestrian who is also a student of our institution. We express our support to and confidence in the university's and other processes to find justice in this matter.

Dr Willy Nel
Residence Head: Armentum

Media release
Lacea Loader (Director: Communication and Brand Management)
Tel: +27(0)51 401 3422
Cell: +27(0)83 645 2454
E-mail: news@ufs.ac.za

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