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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

SA-YSSP strengthens academic partnerships between countries

2014-11-17

Deputy Minister of Science and Technology, Zanele Magwaza-Msibi
Photo: Stephen Collett

Students from all over the world and all walks of life have come together at the Bloemfontein Campus to take part in the Southern African Young Scientists Summer Programme (SA-YSSP) hosted by our university.

This prestigious academic programme is an annual three-month education, academic training and research capacity development programme. The programme is presented in collaboration with the International Institute for Applied Systems Analysis (IIASA) as well as the National Research Foundation.

Dr Priscilla Mensah, Director of the SA-YSSP, says this programme’s Doctoral candidates are given the opportunity to advance their research under the direct supervision of senior scientists from South Africa and IIASA.

“In line with international trends in doctoral education, the SA-YSSP seeks to advance not only the discipline-specific research skills of the young scientists, but also equip and expose scholars to an array of additional competencies and skills required to be successful in knowledge-driven societies,” Dr Mensah says.

During her keynote address, Deputy Minister of Science and Technology, Zanele Magwaza-Msibi, praised the UFS for hosting this successful programme for the third year. “The success of this programme shows in the increase in applicants internationally but specifically in our SADEC regions.”

She said that solutions to the problems in the world require a wide variety of knowledge and integrated approaches to the unique challenges in different countries.

Deputy Minister Magwaza-Msibi also regards the SA-YSSP as a very successful platform to strengthen partnerships with countries.

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