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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

New building on UFS Qwaqwa Campus makes provision for research on environmental problems

2015-12-11

The new Geography and Physics Building on the Qwaqwa Campus

Student numbers in Geography and Physics on the Qwaqwa Campus of the University of the Free State have escalated over the past five years. This has resulted in a need for more space for these two departments.

The acute and persistent shortage of lecturing space has been a major stumbling block on the campus, with only four of the Natural Sciences departments - Chemistry, Physics, Plant Sciences, and Zoology and Entomology – able to fit into the Natural Sciences building. To solve the problem, a separate facility for both the Geography and the Physics departments was built.

The new complex, which includes lecture rooms, laboratories, and offices, places the Department of Physics on the ground floor because the weight of some of the laboratory equipment. The Department of Geography is on the first floor.

The Department of Geography places strong emphasis on montane research. Research is being conducted on environmental problems in the Maluti-a-Phofung area. This research encompass in situ and ex situ conservation of paleontological resources, with the aim of setting up a GIS-based environmental management system, as well as the role of local cultures in promoting regional tourism.

The Department of Physics places emphasis on changing and improving community perceptions of electricity and electronics. The major part of the research has been in the field of solid-state physics, and, more specifically, on nanophosphors and other luminescent nanoparticles.

The building is in the north-eastern corner of the campus, opposite the Faculty of Natural and Agricultural Sciences.

The project was completed in 2015.

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