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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

UFS Alumni honours four former Kovsies

2008-04-11

The University of the Free State (UFS) will honour four old Kovsies during the Kovsie Alumni Gala Awards dinner on Friday, 16 May 2008.

UFS Alumni chose Juan Smith as the 2007 Kovsie Alumnus of the Year. Dr Sherylle Calder, Dr Derick Coetzee and Prof. André Claassen will each receive the Kovsie Cum Laude Award. This award is made to honour UFS alumni for exceptional achievements and contributions to the UFS.

Juan Smith, member of the victorious World Cup Springbok team and captain of the 2007 Vodacom Free State Cheetahs Currie Cup winners, will receive the 2007 Kovsie Alumnus of the Year award. This award is made to a Kovsie alumnus for outstanding performance on national or international level. Smith made his Springbok debut in 2003 and has received much praise for his contribution to the side since then.

Dr Sherylle Calder and Dr Derick Coetzee will both receive the Kovsie Alumni Cum Laude Award. Both have played a key role in the preparation and conditioning of the Springbok team. Dr Calder has also been highly successful as part of the coaching unit for the English rugby team that won the World Cup in 2003, and the coaching team for the Australian cricket side. She is a pioneer in the field of visual awareness. Dr Coetzee has been the fitness conditioning expert for the Springbok team for the past four years. The success of the team in the World Cup is a testament to his achievements.

Prof. André Claassen will also be honoured with a Cum Laude Award for his contribution in the advancement of the Department of Otorhinolaryngology. He has many personal achievements in his discipline and has received several national and international awards, including one for the first cochlear implants in the Free State. The Cum Laude Award is given to an alumnus for outstanding service or achievement on local, national or international level in his/her field or discipline.

The Gala Awards dinner is a public event and will take place in the Reitz Hall of the Centenary Complex on the Main Campus in Bloemfontein. Microsoft is co-sponsor of the event. Those who are interested in attending can contact Ms Annanda Calitz at 051 401 3382 or alumni@fus.ac.za.

For information regarding the Kovsie Alumni Annual General Meeting, please contact Ms Annanda Calitz 051 401 3382 or Mr Lucas Radebe at 051 401 3751.

Media Release
Issued by: Lacea Loader
Assistant Director: Media Liaison
Tel: 051 401 2584
Cell: 083 645 2454

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