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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

KovsieFit caters for all

2016-05-30

KovsieFit offers a new service to students and staff for keeping fit. Photo: Charl Devenish

Students on the Bloemfontein Campus of the University of the Free State (UFS) can now work in a gym session between classes, and staff can do the same before or after work.

This is due to KovsieFit, a commercial gymnasium, which will be taking in its first members on 30 May 2016. The gym is located in the Callie Human Centre and is a project which has been a long-time dream for the UFS.

UFS boasts three gymnasiums

For the last couple of months, a lot of hard work went on behind the scenes. Kobus Calldo, conditioning coach at KovsieSport, says everybody involved with the process is happy that KovsieFit is a reality. According to him KovsieFit “is looking good and everybody involved is very satisfied” with the final product.

KovsieFit will be open Mondays to Fridays from 05:30 to 19:30, and on Saturdays from 07:00 to 11:00. Prospective members will have to undergo health screenings before they may join. KovsieFit also has lockers available. The gym will be managed by a committee.

The High Performance Centre of the UFS, where athletes and sports teams are training, is located next to KovsieFit. At the beginning of the year, KovsieSport’s offices also moved to the Callie Human Centre. A third gymnasium, the Sports Science Centre – the former Biokinetics gymnasium – is located next to the Mabaleng Building. This will mainly be used as a rehabilitation centre.

Service to university community

According to Calldo KovsieFit caters for all and offers the same service to its members as any other commercial gymnasium. The target mark is primarily students and staff, and then the rest of the city.

“It is cheaper and conveniently close to the residences for students on campus. Staff members can have a gym session during lunch or before or after work.”

Wide variety of exercises

“We offer spinning, pilates, aerobic, zumba, and all those type of classes too. We will start with four classes a day until business picks up,” Calldo says.

KovsieFit also offers aerobic apparatus such as treadmills, rowers, and electric bicycles. A gymnasium circuit, two Olympic platforms, and different types of weights and machines are also available.

How to join KovsieFit and more information about packages.

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