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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

Japanese researcher engages students on border issues

2017-03-02

Description:Japanese researcher Tags: Japanese researcher longdesc=

From the left: Dr WP Wahl, Tungamirai Kufandirori,
Sayaka Kono, Eddie de Wet and Emme-Lancia Faro
at the first academic conversation of 2017, hosted
by the Student Communities Office.
Photo: Eddie de Wet

How can we ensure humanity across borders – even if they don’t truly restrict us?

This was one of the discussions at the first academic conversation of 2017, hosted by the Student Communities Office, a division of Student Affairs. The discussions included the issue of Lesotho’s incorporation into South Africa, focusing on how ethnicity has mattered in ongoing arguments.

Basotho ethnicity

Students and staff were invited to engage with Sayaka Kono, a research fellow at the Department of Historical Studies at National University of Lesothoa, and guest speaker, on 14 February 2017 in the Equitas Senate Hall on the Bloemfontein Campus. The topic was Reconsidering Border Issues in Africa: Ethnicity, apartheid and the political independence of Lesotho.

Kono completed her Bachelor’s and Master’s degrees in International and Cultural Studies at Tsuda College in Japan. Her research interests lie in the area of ethnicity and she is currently completing her PhD on Basotho ethnicity and the former Bantustan system in South Africa.

Legacies of colonialism

A series of academic conversations was started in 2016 and aims to get top academic achievers and leaders to rub shoulders with renowned international scholars and leaders. This investment hopes to create a sense of responsibility to stretch boundaries and get the engagement culture flowing at the UFS.

According to Kono, borders of African countries are one of the living legacies of colonialism. They have reshaped the local society in various ways such as causing ‘ethnic’ or natural resource conflicts. The aim of her research is to reconsider these border issues in Africa through the perspective of ethnicity in the eyes of Basotho who have been divided by the border with South Africa for more than 100 years.

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