UFH Accounting graduates achieve 100% pass in SAICA-ITC Exams on first attempt
The University of Fort Hare’s Nkuhlu Department of Accounting has once again proven to be among the best accounting departments in the country, this after its graduates, on first attempt, attained a 100% pass in the 2023 South African Institute of Chartered Accountants (SAICA) Initial Test of Competence (ITC) exams.
This remarkable feat was only obtained by three other South African universities: University of Cape Town, University of Pretoria, and the University of Western Cape.
The ITC serves as the first of two SAICA qualifying examinations. The exam assesses how well a candidate can apply the technical competence they have acquired through the academic programme by requiring the candidate to analyse and evaluate specific scenarios presented.
Results for the 2023 exams were released last week.
A total of 25 graduates from UFH sat for the exams and aced them on their first attempt. Altogether, 43 candidates were from the University of Fort Hare and of that number, 37 (86%) passed the exams.
The University outperformed both the exams’ overall pass rate for first-time candidates and repeat candidates which is 93%, and 44%, respectively.
Located on the East London campus, the Nkuhlu Department of Accounting is named after the doyen of accounting, Prof Wiseman Nkuhlu who is a UFH Alumnus and the country’s first black Chartered Accountant.
The Department is accredited by various professional bodies, including: SAICA, the Association of Chartered Certified Accountants (ACCA) and the South African Institute of Professional Accountants (SAIPA). The accreditation by these professional bodies enhances the value of the qualifications by the Department and ensures that its graduates are sought after by employers in the market.
Programmes on offer include the Bachelor of Commerce (Accounting), the Advanced Diploma in Accounting (ADA), and Post Graduate Diploma in Accounting (PGDA).
The Vice-Chancellor, Prof Sakhela Buhlungu lauded the successful candidates and congratulated the staff from the Department and encouraged them to “continue raising the UFH flag high.”