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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

Kovsies, get ready, it’s Extravaganza time

2014-09-02

It is time for the 2014 Kovsie Extravaganza, happening on 27 September – and it is going to be huge!

The Kovsie Extravaganza is the university’s main highlight of the year on the arts and culture calendar. The aim of the event is to showcase the very best of Kovsies’ musical, dance, poetry and other talents on a grand stage in a full production.

This is where our students can experience what being a star and being part of a huge show is all about – hence the ‘Extravaganza’ element!

As every year, guest artists who are at the top of their game will feature as the main act. For 2014, there’s a load of excitement around the award-winning and youthful a cappella trio, The Soil, who will be gracing the stage. It is also an honour that the Free State Youth Orchestra, which is made up of some of the most talented students at our Odeion School of Music, will be performing as part of the show for 2014.

The Kovsie Extravaganza promises lots of thrills, excitement and a platform to celebrate who we are as a university, through song and dance. The university is also grateful to PACOFS for partnering with us and providing their expertise in making this event a resounding success.

Buy your tickets at Office no. 8 at the Thakaneng Bridge on our Bloemfontein Campus or at the PACOFS box office at the Sand du Plessis Theatre.

Ticket Prices:
Students (with student cards) – R50
Non-students – R80

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