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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

Bloem Campus to host Color Run on 27 February 2016

2016-02-15

Two in millions: 2015 Color Runners doused and dressed in colours of the rainbow.
Photo: The Color Run photographer

Unleash your inner sparkle at The Color Run’s Varsity Tour. The University of the Free State is a proud host of the 2016 Bloemfontein edition. Be counted among the 5 million Color Runners worldwide who walk, skip, shimmy, or hop for five kilometres in the name of fun and charity.

The Color Run is the largest series of events in the world promoting healthiness and happiness. Arina Engelbrecht, Chief Officer at the Health and Wellness Centre, believes that “active people are happy people.” Consequently, she encourages students, staff members, and the community to join in the festivities.

Run to make a difference

Wearing white and being doused from head to toe in the colours of the rainbow while exercising is a very different way of extending a helping hand to those in need. For every ticket sold, R10 will be donated to the No Student Hungry campaign by The Color Run and Capitec Bank.

After running through four colour stations, a spectacular show awaits you at the finish line. The Finish Festival is a combination of colour throws, rainbows, glitter, music, and dancing.

The Color Run takes place on:

Date: 27 February 2016
Time: 16:00
Place: Cricket Grounds, Bloemfontein Campus.

Tickets are available online: www.thecolorrun.co.za at R250 for the public, R190 for students, including a goodie bag, or R90 without a goodie bag. Children under 10 years of age enter free. You will receive a R200 coupon to spend on The Color Run goodies or any product of your choice. Goodie bags may be collected at the Cricket Grounds from 25 February 2016.

For more information, contact hello@thecolorrun.co.za.

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