As a developing economy, South Africa has a pressing need for individuals who are equipped with sound financial skills and an ability to think laterally. Accountancy graduates with strong problem-solving abilities and a qualification from a world-leading educational institution will have a distinct competitive career advantage.
Top 5 reasons to study accountancy at Wits
|1.||Great Career Prospects
Many of our graduates complete their traineeship with the Big 4 firms – Deloitte, PwC, Ernst & Young, and KPMG – as well as the country’s major financial institutions and leading blue-chip corporates.
|2.||Connections to Industry Leaders
We maintain close relationships with the Big 4 firms who conduct graduate recruitment programmes with us each year.
|3.||Real Business Knowledge
Our auditing firm partners collaborate with academic staff, providing them with business case study scenarios that are used during lectures. This gives you real-world business knowledge and insight.
The majority of our academic teaching staff are themselves CA’s and many are contracted to mark the annual SAICA and IRBA exams. Wits is a SAICA-accredited university.
Great business leaders chose Wits and some of South Africa’s leading CEOs and most prominent entrepreneurs with CA qualifications began their business journey here.
South Africa is currently experiencing a dire shortage of financial skills and chartered accountants in particular are in high demand. A degree in accounting will ensure your marketability in a highly competitive business environment, making you a sought-after asset for companies across a wide range of industries.
Depending on the area in which you choose to specialise, you can pursue a career in:
- General business management
Should you elect to follow the chartered accountant stream, you can choose to run your own professional practice or follow a corporate career that could ultimately culminate in the position of financial director (CFO), COO or CEO.
At a time when we are faced with the challenges of social inequality, resource constraints, climate change and most recently the effects of COVID-19, what the world needs is an urgent shift from short-term finance centric business models to stakeholder inclusivity, environmental responsibility and long-term sustainability.
It is with this in mind that Professor Mervyn King, widely regarded as one of the fathers of corporate governance, is calling for the role of the Chief Financial Officer to become the Chief Value Officer (CVO) instead.
We now offer an online CVO Programme.
Route To Becoming a Chartered Accountant - CA (SA)
- Complete a Bachelor of Accounting Science degree or an equivalent CA (SA) undergraduate qualification at a SAICA accredited university.
- Complete either a Postgraduate Diploma in Accountancy (PGDIP) or a Bachelor of Accounting Science Honours (BAccSc(Hons)
These programmes focus on:
• Financial Accounting
• Management Accounting and Finance
Duration: 1 year
- Enter into a 3-year training contract with a Registered Training Office (RTO) (i.e. with an Accounting/Auditing firm to specialise in auditing) or an Approved Training Organisation (ATO) ( i.e. a large listed company, such as Standard Bank or Sasol to specialise in financial management)
- Complete the Initial Test of Competence (ITC) during the first year of the training contract. The ITC is the standard-setting exam which is an assessment of core technical competence.
- Complete the Assessment of Professional Competence (APC) is the second part of the qualifying examination, which assesses professional competence. To be eligible candidates must have passed ITC, completed 20 months of a SAICA registered training contract and successfully completed a professional programme.
- Register as a Chartered Accountant with the South African Institute of Chartered Accountants (SAICA)
Route To Becoming a Chartered Certified Accountant (ACCA)
Complete either a Bachelor in Commerce General (Major in Accounting) or a Bachelor of Accounting Science
- Complete the Postgraduate Diploma in Specialised accounting (PGDIP)
Duration: 1 year
Complete all relevant Association of Chartered Certified Accountants (ACCA) examinations
- Gain three years of relevant work experience
- Register as a Chartered Certified Accountant with ACCA