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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

A & M Foundation to empower youth
2016-10-25

Description: ’Manapo UFS cross-country    Tags: UFS cross-country

Margo Fargo and Andricia Hinckemann,
the co-founders of the A & M Foundation.
Photo: Supplied

“Knowing that we are changing the lives of generations to come is motivation enough for me to wake up every day.”

These are the words of Andricia Hinckemann and Margo Fargo, the co-founders of the A & M Foundation. The foundation aims to empower young learners by providing greater platforms for social growth and development, allowing learners to be agents of change.

Going beyond textbook scopes

Andricia, a finalist of Miss Commonwealth 2016, is currently doing her Masters in Labour Law at the University of the Free State (UFS). Fargo is doing her Honours in BSc Consumer Science at the UFS. She is also the first princess for Miss Mamelodi Sundowns 2016 and a brand ambassador for Kalos Collections.

Margo says knowing it is no longer just about herself is more than enough to keep her going. “Be eager to learn beyond the scope of your textbooks and never limit yourself to your field of study,” she says.

Motivation to go the extra mile

The foundation specifically focuses on high school pupils, and helps build confidence among young adults in order that they become active social agents. “It’s about finding an identity irrespective of the circumstances you are in and developing townships to unlearn bad habits such as drug and alcohol abuse that have been instilled in these communities,” says Andricia.

Their main goal is to build something that is sustainable. “We want to go international and fund a group of high school pupils through tertiary education at any institution in the world.”

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