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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

Shimlas get back on track

2014-02-26

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The Shimlas overpowered a startled UJ side in Bloemfontein on Monday, scoring seven tries en route to a 52-16 victory in the fourth round of the Varsity Cup competition.

The UFS’s second win in four weeks saw them climb the log standings to a well deserved third position. The Shimlas took an early lead in the match, with blindside flank Oupa Mohoje scoring the opening try from an attacking line-out.

Our boytjies was on a roll, with wing Maphuto Dolo scoring in the corner after a break from a scrum by scrumhalf Kevin Luiters. Kovsies' flyhalf Gouws Prinsloo knocked both conversions over to put our team in a commanding 16-0 lead before the first strategy break. Not long after, the Shimlas scored their third try as left wing Sethu Tom found the corner to make it 21-0. T his was followed by yet another onslaught when Shimlas’ skipper, Joubert Engelbrecht, crashed over for the bonus-point try. Outside centre, Tertius Kruger, put even more pressure on the UJ side when he crossed the try line, leaving the Shimlas with a 34-0 lead at half-time.

Prinsloo slotted a penalty early in the second half for Shimlas, followed by skipper Engelbrecht’s second try. After 15 minutes into the second half, UJ managed to score two converted tries to change the scoreboard to 44-16. T his did, however, not spur the visitors on to complete a comeback and the Shimlas' Divandré Strydom gave our team the last say with one final try.

The scorers:
For FNB UFS-Shimlas:
Tries: Oupa Mohoje, Maphuto Dolo, Sethu Tom, Joubert Engelbrecht (2), Tertius Kruger, Divandré Strydom
Cons: Gouws Prinsloo (5)
Pen: Gouws Prinsloo

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