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06 April 2023 | Story Kekeletso Takang | Photo Quinter Onyango
UFS Academic tutors
UFS academic trainees thrilled at passing the January 2023 ITC exam.

An important milestone in the journey to becoming a chartered accountant in South Africa begins with passing the Initial Test of Competence (ITC) examination of the South African Institute of Chartered Accountants (SAICA). The examination is written after obtaining an accredited postgraduate qualification in accountancy. This milestone was reached by virtually all (98%) BAccHons/PGDip (Chartered Accountancy) graduates from the class of 2022 at the University of the Free State (UFS). Results announced by SAICA on 31 March 2023 further indicate that UFS graduates obtained an overall pass rate of 93%, exceeding the national pass rate of 75%. 

“These results confirm the ‘quality’ and ‘excellence’ of the Chartered Accountancy academic programme offered by the UFS and attest to the effectiveness of the learning and teaching approaches adopted by the School of Accountancy, and the commitment of the school’s staff to their students’ success,” said Prof Frans Prinsloo, Director of the School of Accountancy.

Voices of the future

Bakang Moraladi, an academic trainee in the School of Accountancy who took and passed the January 2023 ITC exam, believes the open-door policy followed by the academic staff made it possible for him to establish a support structure. “The staff in the UFS School of Accountancy really goes all out to ensure that what I regard as the toughest academic year (CTA/PGCA) goes smoothly. Despite very hectic schedules, staff in the School of Accountancy still find time to provide mentorship to students to ensure that they are equipped with the right knowledge and skills before sitting for the ITC. I had the privilege of having the Director of the School of Accountancy as a mentor. Although I had a mentor dedicated to me, the staff members in the School of Accountancy literally had their doors open to offer guidance whenever necessary,” he says.

Kyle Horak, a graduate of the class of 2022 and also an academic trainee in the School of Accountancy, attributes a big part of his success to the support provided by the academic staff. “I would not have been able to do it without the UFS. The support they provide is tremendous. At the beginning of the PGCA year, it feels as if the lecturers are ‘out to get you’ with all the submissions and the impossible tests, but as time goes on, you start to notice that there is method to the madness, and due to the work done by the lecturers, the ITC examination becomes manageable.” He passed the ITC exam with a final mark of more than 75%, making him part of a select group of only 65 candidates (from the more than 3 000 candidates who wrote the examination).
Other academic trainees employed by the School of Accountancy who passed this exam, are Courteney Crew, Phiwe Ndwebi, Somila Joka, Bokang Makatsa, Jubilee Mushonga, and Jeandre Strauss.

Integrated approach

The School of Accountancy attributes these results to a myriad of factors. For example, the school employs an award-winning learning and teaching approach that is student-centred, combining the efforts of academic and support staff to achieve student success. In addition, learner tracking and monitoring is facilitated through its Thuthuka and Intrabas units, in addition to peer-to-peer mentoring structures where students can learn from and support each other. While focus is placed on students’ academic performance, they are afforded a balanced approach that includes informal social events that assists in breaking down barriers between lecturers and students. 

One such student who benefited from this teaching approach is Ruwardo Wemmert, a UFS graduate who was placed fourth in the January 2023 ITC exams of the Institute of Chartered Accountants of Namibia (ICAN), where the two UFS graduates from the class of 2022 who wrote the ICAN ITC examination, passed. 

Journey to success

The ITC serves as the first of two SAICA qualifying examinations, assessing candidates’ technical competence acquired through the academic programme, by requiring the candidate to analyse and evaluate specific scenarios presented. 

“Success in the ITC means I am only one more professional exam away from being a CA(SA). Over and above the support provided by the School of Accountancy team, Thuthuka supported me in every dimension. Next up for me is successfully completing my 3 600 hours of practical training and then obtaining that four-letter designation: CA(SA).  I will be a change maker – I have a lot to give to society, and my goal is to be the ultimate difference maker.” These are the words of Somila Joka, one of the 2022 graduates and academic trainees in the School of Accountancy.

News Archive

What did they learn at Stanford University?
2015-11-04

    

Members of the cohort with the
Vice-Chancellor and Rector of the UFS,
Prof Jonathan Jansen

Every year, since 2012, six second-year Kovsies are selected to take part in the elite Stanford Sophomore College Programme at the prestigious Stanford University in the United States. The University of the Free State and Oxford University are the only non-Stanford members of this exclusive course.

From 31 August to 15 September 2015, Farzaana Adam, Cornel Vermaak, Precious Mokwala, Tristan Van Der Spuy, Anje Venter, and Naushad Mayat undertook a three-week long academic exploration of multidisciplinary topics. These students attended seminars aligned with their respective fields of study from which they accumulated a wealth of knowledge.

This year’s cohort reflects on what they learned at Stanford University:

The significance of analyzing technology

One of the key points gathered by Farzaana Adam from the seminar, ‘Great Ideas in Computer Science’, was the necessity not to approach technology at face value. “Computer science goes beyond the technological products and social networks. By analysing the concepts underlying these technologies, many discoveries which have benefitted many fields of study have been made possible.”

Critical thinking in Arts and Science


“By combining different fields of study, one can obtain a greater perspective on the relevant fields,” said Cornel Vermaak, about what he garnered from a seminar titled ‘An Exploration of Art Materials: An intersection between the Arts and Science’. “This greater perspective enables one to evaluate problems critically,” he added.

Visual media substitutes oral narratives

“We were also taught different ways in which to interpret images, and how images influence society. Photography is a way to tell a story without actually having to say anything,” reflected Precious Mokwala, on ‘Photography: truth or fiction’

A lesson in business economics


Tristan Van Der Spuy received pointers pertaining to the stock exchange market    in ‘A Random Walk Down Wall Street’. “We looked at stock markets, and what influenced the stock prices of multiple companies, taking note of what should be looked at when investing in a company.”

Race relations and representation

‘The New Millenium Mix: Crossings between Race and Culture’ exposed Anje Venter to a global perspective on identity. “We explored the new generation of people that have mixed races and cultures, and how they are depicted in media and art.  We analysed the discrepancies and stereotypes of these depictions through film, novel, and short story studies, as well as through field trips to museums and art exhibitions.”

Overcoming the HIV/AIDS endemic


Naushad Mayat realised that “more teamwork and transparency between governments, chemists, social workers, and clinicians will be required for us to stem the flow [of HIV/AIDS],” in view of what he learned in a seminar on ‘HIV/AIDS: A Response to the AIDS Epidemic in the Bay Area’. “It is a daunting task. For the current generation of youth to tackle this epidemic now, we must stand together and be counted,” he added.



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