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Faculty of Economic and

Management Sciences

3000 | Kovsie2Bot: 087 240 6370

design and layout - doublepurple d’zine studio
T
he University of the Free State (UFS) creates
opportunities and growth through leading learning
and teaching, focused research, and impactful
engagement with society. We offer world-class benefits
to all individuals.

What makes us special is that our students are holistically

supported to achieve some of the highest success rates
in the country and they are highly employable. What’s
more, we produce research that has industry and social
impact and real-world application.

Our culture promote equity, ubuntu, and accountability.

We address challenges and issues as they emerge, and
we deal with them openly in a way that promotes social
justice and human rights.

Situated in the heart of South Africa, our character

of caring and diversity translates into an outstanding
university experience.

3
Prospective Student:

The Faculty of Economic

and Management Sciences:

Check out our Virtual Expo:

 CONTENTS
THE FACULTY OF ECONOMIC AND MANAGEMENT SCIENCES............................................................... 1

1. ACCOUNTANCY........................................................................................................................ 3

2. ECONOMICS............................................................................................................................ 12

3. FINANCE................................................................................................................................. 13

4. BUSINESS AND FINANCIAL ANALYTICS....................................................................................... 13

5. WHAT OTHER BCOM PROGRAMMES ARE

OFFERED BY THE FACULTY OF ECONOMIC AND MANAGEMENT SCIENCES?.................................... 14

6. WHAT DO YOU NEED TO STUDY AT THE UNIVERSITY OF THE FREE STATE?..................................... 15

7. HOW DO YOU APPLY?.............................................................................................................. 15

8. CALCULATION OF YOUR ADMISSION POINT (AP) SCORE............................................................... 16

9. ADMISSION TO STUDY AT THE UFS............................................................................................. 16

10. STUDENT SERVICE CENTRE....................................................................................................... 16

Click on a section to be taken directly to the relevant page

THE FACULTY OF
ECONOMIC AND
MANAGEMENT
SCIENCES
The Faculty of Economic and Management Sciences at the University of the Free State offers financially
and management-orientated programmes on all three UFS campuses, i.e., the Bloemfontein, South, and
Qwaqwa Campuses. We offer programmes in Public Sector Management, Private Sector Management,
and Accountancy.

Want to stand out from a very noisy crowd? Then a degree from the Faculty of Economic and Management
Sciences will give you the edge to lead with expert knowledge and confidence in the fields of accountancy,
economics, marketing, human resource management, business, and finance. The faculty is a trailblazer
and intentionally re-engineers the content of its programmes to align with the constant changes and
demands of our world.

The Faculty of Economic and Management Sciences has a variety of study options for you to choose from.
These qualifications are developed with the future world of work in mind and will equip you with the tools
and skills required by employers. To help you choose the right programme, this publication provides you
with information on the financially orientated programmes.

Only the BRIGHTEST young minds can face the economics of CHANGE.
In the Faculty of Economic and Management Sciences, we bring theory
and practice together to equip you for the FUTURE, today.

1
 HAVE YOU CONSIDERED A THE FUTURE WORLD OF WORK
CAREER IN FINANCE? The future world of work will be characterised by
At the University of the Free State, we use science many opportunities and increasing complexities.
to discover new knowledge, improve education, How will you navigate these future complexities?
understand our natural environment, develop You firstly require specific technical, or subject
infrastructure, stimulate innovation, and enhance knowledge about your qualification. This expertise
the economic prosperity of our communities. relates to your choice of study and career.

A career in finance mainly combines three elements:

technology, analytics, and people. It is therefore a In addition, you will also require a suite
STEAM career that requires a good understanding of other attributes such as emotional
of Mathematics. Qualifications in the field of finance intelligence, diversity intelligence,
adaptability, empathy, networking, and
use data and technology to predict the behaviour of
social skills, as well as a caring attitude
people who ultimately translate all this information
towards others. These skills are referred to
into good decisions for businesses, government,
as soft skills, and they will become more
and individuals. After all, what is the value of data important as we progress into the era of
and information if you cannot use it to improve the artificial intelligence (AI), automation,
lives and prosperity of our communities? virtual reality (VR), and augmented
realities (AR).
Management skills, combined with technology
and analytics, are important to make sense of all
the information around us, and to help others Most people are familiar with the STEAM careers.
to make sense of it as well. A financial degree These are: science, technology, engineering, art,
that incorporates business, accountancy, and and mathematics. Since there are skills shortages
management principles will be an extremely in these fields, there are also many career and
important leap towards the development of entrepreneurial opportunities within STEAM.
solutions to modern-day problems. STEAM careers require analytical and creative skills
But, with AI and the Fourth Industrial Revolution, to solve problems. In the future, people will have
would a career in Finance be viable? to think ‘outside the box’ more than ever before.
Tomorrow is changing by the hour.
Artificial intelligence and the Fourth Industrial
Revolution are rapidly changing the future world Luckily, we can prepare.
of work. A financial qualification that incorporates
Let us look at the financially orientated programmes
business, accountancy, and management allow you
offered in the Faculty of Economic and Management
to keep up with the changes!
Sciences that require Mathematics. Why is this,
you might ask? Mathematics equips you with a
If there is one lesson that we learned during critical skill set, such as problem solving, pattern
the COVID pandemic, it is that everything can recognition, critical analysis, and complex thinking.
change in an instant. The use of technology These skills form the bedrock of our teaching and
and the need for innovation have increased learning in programmes that require Mathematics.
greatly internationally.

According to a study published by CareerJunction in

April 2021, the top ten employment sectors (based
on hiring activity) in South Africa show that about
30% of all employment activity occurred in the
finance, business, and management sectors – even
during lockdown.

2 | THE NUMB3RS ADD UP

 U N T A N C Y
1. ACCO
• ensuring that the organisation achieves
1. Do NUMBERS talk to you?
short-term financial goals, e.g., good
2. Do you have an interest in BUSINESS? profitability, liquidity, solvency, and a
3. Are you RESULTS driven? positive cash flow;

If so, ACCOUNTANCY is just the career for you! • making investment and financial decisions;
• producing credible financial information;
Accountancy is an excellent career choice for
the enthusiastic and hard-working individual • contributing to decision-making through
who has a passion for numbers, and who internal and external reports, e.g.,
wants to add value to their organisation using annual financial statements and monthly
management reports;
their unique knowledge and skills.
• overseeing financial governance structures
and internal control systems, and complying
The accountant of today … with tax laws; and

The accountant is no longer isolated in the back • managing special assignments, e.g.,
office, crunching the numbers. performing business valuations and due
diligence investigations.
Today, the accountant is a key member of the
management team and plays a significant role in n Management accountant:
interpreting, analysing, and evaluating financial • Captures, evaluates, and reports on the
and non-financial information that will take the activities that drive business value to aid
business forward into the future. It is all about managerial planning and commercial
growth, profit, and the bottom line – also taking decision-making.
into account environmental considerations and • Reduces the operational and production
society at large. costs by identifying and implementing more
efficient strategies.
What do accountants do?
• Ever wondered who determines the price of
The accountant is a strategic partner in all
goods and services we buy? The management
organisations, companies, and firms, regardless of accountant plays a key role in the pricing of
their size. Where any kind of transaction is involved, products, the optimal product mix, and the
the services of an accountant are an integral part of desirability of pursuing new products and
the environment. services. So, a good measure of creativity is
an essential skill to assist the marketing and
So, what do accountants actually do?
sales team with new product development.
When working in commerce and industry or the
n Internal auditor:
public (government) sector:
• The qualified accountant will, among
n Chief financial officer / financial manager / others, evaluate the effectiveness of an
chief accountant – in this capacity the qualified organisation’s risk management processes.
accountant is responsible for duties such as • Conduct special investigations on behalf of
• ensuring that the organisation achieves the organisation’s governance structures,
long-term financial goals, e.g., earning e.g., board of directors, on a wide range of
an acceptable return on investment and matters of interest to management.
keeping the cost of capital low;

3
 When working for a professional service firm:
QUICK FACTS
Chartered accountants (SA) or CAs (SA) are
n External auditor – where she/he expresses an
opinion on the fair presentation of a client’s leaders of industry: one in four chief executive
financial statements – to enhance the credibility officers (CEOs) of the companies listed on the
of the financial statements from the perspective Johannesburg Stock Exchange (JSE) are CAs (SA);
of external finance providers.
n Tax consultant – where clients are advised on decision-makers: CAs (SA) are the chief financial
their tax affairs (including how to minimise their officers (CFOs) of 76% of the JSE’s top companies;
tax liabilities legally).
n Management consultant – where clients may be top earners: CAs (SA) are among the top ten
advised on a wide range of matters to improve highest earners in the country;
the operation of their businesses (e.g., advice on
strategies to improve their cash flow or profit; industry game changers: you will find that CAs
mergers and acquisitions; and risk management (SA) are key role players in a wide range of
processes). industries, including media, government, retail
n Company secretarial services – where clients and food, banks and auditing firms, IT and more.
are assisted with maintaining their statutory
records and otherwise complying with the If you want to sit around the management table,
statutory requirements. studying BAcc or BComAcc and hard work will
n Accounting officer – where the accountant get you there! The University of the Free State is
in practice is responsible for preparing an accredited by all leading professional accountancy
organisation’s accounting records and/or bodies operating in South Africa. A graduate from
financial statements. the University of the Free State is equipped to work
anywhere in the world!

A brief overview of
the key role that the
accountant plays in Learn more about
an organisation: becoming a CA (SA):

A longer, more
detailed discussion of
accountancy career A day in the life of
opportunities: an accountant:

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Where do accountants work? Technology and accountants... a match
For any kind of transaction, no matter how big made in heaven...
or small, an accountant is involved. As should be Fake news on social media claims without clear
evident from the nature of the accountant’s work, evidence that robots will replace accountants. Well,
they are required in all organisations, whether in to put it bluntly, those numbers do not add up!
the private sector, the public sector (government),
However, technological advances will no doubt
or the non-profit sector (charitable organisations).
change the nature of accounting careers.
Many of those who pursued accountancy studies Accountants will be elevated to even more strategic
have subsequently secured successful employment roles and functions and will spend less time on
in the banking and asset management sectors. mundane tasks such as data entry.

Do you recognise these trailblazers? Raymond This role change has been deliberately integrated
Ackerman, Brian Joffe, Sol Kerzner, and Nonkululeko into the UFS’ accountancy modules – to
Gobodo … yes, they are all accountants! These ensure alignment between theory and industry
leading South African entrepreneurs have qualified requirements. Our graduates not only have the
as accountants and used their skills and expertise technical competence, but also the professional
to start and grow their own businesses into some skills and attributes to be successful in a world
of the largest companies in South Africa. transformed by the Fourth Industrial Revolution.

Mmoloki Mogotsi, financial director of a giant In the United States of America, extensive
retailer in Botswana, has the following to say: research on the future demand for accountants
has recently been undertaken. The US Bureau
of Labor Statistics projects 6% growth in the
demand for accountants and auditors from 2021
to 2031 [https://www.bls.gov/ooh/business-and-
financial/accountants-and-auditors.htm].

The growth is partially due to the complexity of

Looking back, Mmoloki says the CA(SA) the job, which includes many responsibilities that
qualification has opened numerous artificial intelligence or technology is unable to
doors. ‘Education is the key to success. do – such as making strategic business decisions
How you use it is up to you. I became a and understanding the complex regulatory
director of a Fortune 500 company at environment. In South Africa, accountancy
the age of 35. I sit in board meetings to positions are constantly featuring on the
make decisions that benefit thousands government’s ‘scarce skills’ lists.
of employees and community members.
The qualification speaks volumes when To summarise: with the advances in technology,
looking for new opportunities in South the accountant will not become redundant, but the
Africa, the region and abroad. With my role of the accountant will evolve to where they
previous employer, I was promoted become business advisers and strategists who help
four times in the space of four-and- drive long-term business / organisational strategy
a-half years. Being a CA(SA) prepared –making sense of complex financial environments
me to be a leader, to be strategic in
in a VUCA world, interpreting and navigating
my approach and to navigate various
complex and complicated legislation, especially tax
business challenges.
laws.

www.accountancysa.org.za

5
 Which accountancy programmes are offered by the University of the Free State (UFS)?
At the undergraduate level, the UFS offers two accountancy programmes, namely the Bachelor of Accounting
(BAcc) and the Bachelor of Commerce in Accounting (BCom (Accounting)).

Programme Degree Academic

Authorised qualification name Abbreviation
code code plan code

Bachelor of Accounting BAcc B6360 63601 BC636060

BCom
Bachelor of Commerce in Accounting B6350 63501 BC635050
(Accounting)

These are highly sought-after professional programmes that are accredited as fully / partly meeting the
requirements of the following leading professional bodies within the accountancy profession, namely:

n South African Institute of Chartered Accountants (SAICA) www.saica.co.za

n South African Institute of Professional Accountants (SAIPA) www.saipa.co.za
n Chartered Institute of Management Accountants (CIMA) www.cimaglobal.com
n Association of Chartered Certified Accountants (ACCA) www.accaglobal.com

While the first two professional bodies are based in South Africa, they enjoy international stature. The latter
two are leading international professional bodies with members located around the world. Therefore, it is
easy to understand why a degree in Accountancy from the UFS is very much in demand. Our programmes
have been carefully evaluated by the leading professional accounting bodies – and found to be relevant and
of a high standard.

The BAcc degree programme is specifically designed for students who want to qualify as chartered accountants
(SA). This is a sought-after designation for both the corporate and public sectors. The BAcc degree is fully
accredited by SAICA – in fact, it received the best possible rating. Without additional postgraduate study, a
BAcc graduate may obtain full registration with SAIPA and meet the educational requirements of the Associate
General Accountant (AGA (SA)) designation of SAICA. This programme also serves as partial accreditation for
CIMA and ACCA.

The BCom (Accounting) degree programme focuses on the academic requirements of the Professional
Accountant (SA) designation of SAIPA and the Associate General Accountant (SA) designation of SAICA.. The
BCom (Accounting) degree also offers partial accreditation for a programme with CIMA as well as ACCA.

What do you need to study Accountancy at the UFS?

Minimum Admission Point (AP) and National Senior Certificate performance
Academic programme
levels
AP = 34
BAcc Mathematics = Achievement level 5 (60%)
English = Achievement level 4 (50%)
AP = 28
BCom (Accounting) Mathematics = Achievement level 4 (50%)
English = Achievement level 4 (50%)

6 | THE NUMB3RS ADD UP

If you do not meet the above admission requirements, you can still study towards a BCom Accounting degree
at the UFS if you meet the following admission requirements for the BCom in Accounting (Extended) (which is
a four-year undergraduate degree with additional developmental modules to equip you for university study):

Minimum Admission Point (AP) and National Senior

Academic programme
Certificate performance levels
AP = 24 to 27
BCom Accounting Extended Curriculum
Mathematics = Achievement level 3 (40%)
Programme
English = Achievement level 4 (50%)

Notes:
n If you qualify for the BCom Extended Curriculum Programme, you will attend lectures on the UFS South
Campus for the Bachelor of Commerce in Accounting (Extended) in your first year of study.

What are the ‘major subjects’ in these undergraduate degrees?

Financial Accounting
Financial Accounting focuses on the recording of information into the financial records of an organisation and
preparing the financial reports, mainly for users external to the organisation. In-depth coverage is given to
the ‘International Financial Reporting Standards’, which governs the preparation of financial statements for
many organisations (in South Africa and internationally).

Management Accounting
This area deals with the measurement and reporting of financial and other information, which assists
management with decision-making and meeting the goals of the organisation.

Financial Management
This subject area emphasises the creation and maintenance of value by an organisation and the fundamental
importance of cash flow in ensuring the sustainability of an organisation.

Auditing and Corporate Governance

Auditing deals with the process followed by the external auditor in gathering evidence about and reporting on
the fair presentation of an organisation’s annual financial statements, in accordance with the ‘International
Standards on Auditing’. Credible financial statements resulting from the audit are vital to any organisation’s
ability to raise finance. Corporate Governance focuses on the structures that ensure that the organisation is
managed effectively.

Taxation
Taxation deals with the determination of the taxes payable by an individual, close corporation, or company in
terms of the relevant legislation. Attention is also given to methods of arranging an individual’s or company’s
affairs in the most tax-efficient manner.

In view of the fact that these degree programmes are designed in accordance with the requirements of
the various professional bodies, there are no/limited electives. The prescribed modules are included in the
curricula for the degree programmes taken over a three-year period. Economics and Business Management
form a key part of the curricula. Strategic Management, Organisational Ethics and Citizenship, Digital
Acumen, Quantitative Methods, and Commercial Law also play an important role in rounding off these degree
programmes.

7
 Why study Accountancy at the UFS?
n The UFS Chartered Accountancy programme has the
best accreditation rating from SAICA (reaffirmed in
2020).
n Graduates in the University of the Free State School of
Accountancy achieve exceptional results in the South
African Institute of Chartered Accountants (SAICA) Initial
Test of Competence (ITC). The UFS achieved an 97%
pass rate in the January 2023 ITC exam for first-time
writers from the BAcc Honours and PGDip (Chartered
Accountancy) programmes. 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.
n UFS Accountancy programmes are accredited by all
the leading professional accountancy bodies operating
in South Africa.
The January 2023 ITC results confirm n The School of Accountancy in the Faculty of Economic
the ‘quality’ / ‘excellence’ of the and Management Sciences has highly qualified,
Chartered Accountancy academic experienced, and dedicated academic staff – who are
programme offered by the UFS,” said committed to the success of their students.
Prof Frans Prinsloo, Director: School
n We follow a ‘student-centred’ teaching approach,
of Accountancy. He added that, “the
offering
results attest to the effectiveness of
• extensive academic support from staff and tutors;
the learning and teaching approaches
and
adopted by the School of Accountancy,
• excellent course material.
and the commitment of the School’s
staff to their students’ success. The n The UFS campuses in Bloemfontein offer a safe and
results are consistent with the very friendly environment.
favourable report issued by the SAICA n The school and its academic staff maintain strong links
monitoring team following their full with employers / the profession – thereby ensuring
visit in 2020. the continued relevance of our qualifications and the
employability of our graduates.
n Our student body is diverse, and tuition is in English
– equipping our graduates to function effectively in
the diverse work environment where English is the
language of communication.
n The school proactively seeks funding opportunities for
students (including NSFAS, Thuthuka Bursary scheme
(see later in brochure), FASSET).
n Our class sizes are smaller, enabling our students to
achieve success through focused academic support,
engagement, and individual attention.
n The facilities and buildings are not scattered across
town. All academic and social activities are confined
to one campus space, contributing to a vibrant and
relaxed student-centred experience.

8
What can I do once I complete the undergraduate accounting degrees at the UFS? 1
The qualification pathway for the programmes offered by the School of Accountancy can be depicted as
follows – and our qualifications are closely aligned to the educational requirements of the professional bodies
with which the School of Accountancy is affiliated:

BAcc (3 years) BAcc (Hons) (1 year) / PGDip (CA) (1 year) SAICA

BComHons in Accounting (1 year) / PGDip (GA) (1 year)

MCom(Acc) MAcc PhD

BCom (Accounting) (3 years) SAIPA BComHons in Management Accounting (1 year) CIMA

BComHons in Taxation (1 year) SAIT

To become a Chartered Accountant (SA) or CA (SA)

After obtaining the BAcc degree, one of our postgraduate qualifications [either the BAcc (Honours) or the
PGDip (CA)] must be completed. Thereafter, a further three-year practical training period as a trainee
accountant must be undertaken, and SAICA’s professional examinations must be passed before candidates
may register as a South African Chartered Accountant (‘CA (SA)’) at SAICA. Given the rigorous education and
training requirements associated with the CA (SA), it is therefore not surprising that this is one of SA’s premier
accountancy designations.

To become an Associate General Accountant (SA) or AGA (SA)

After obtaining the BAcc or BCom (Accounting) degrees, and after completing a three-year practical training
period as a trainee accountant, graduates may register with SAICA as an Associate General Accountant or
‘AGA (SA)’.

To become a Tax Adviser

After obtaining the BCom (Accounting) degree of the BAcc degree, graduates can register for the BCom
Honours degree in Taxation, which is aligned with the curriculum of SAIT, the South African Institute of
Taxation. SAIT is one of the controlling bodies with which you can register as a tax practitioner in terms of the
Tax Administration Act so as to be able to provide tax services to clients. Students successfully completing
this Honours degree will also receive advanced credits towards the tax articles offered by SAIT. Successful
completion of SAIT’s tax articles leads to the Tax Adviser professional membership with SAIT.

1 Note that admission to the postgraduate programmes is not automatic. A certain academic performance level, as prescribed in the Faculty of
Economic and Management Sciences’ Rule Book, should be obtained before admission will be granted.

9
 To become a Professional Accountant (SA)

WHO SHOULD
After obtaining the BCom (Accounting) degree
or the BAcc degree, graduates can – without

YOU CONTACT
further postgraduate study – meet the educational
requirements to become Professional Accountants
(SA). A three-year training period, as prescribed by
SAIPA, must, however, be completed and an entrance if you have queries about your
examination must be passed before a candidate may Accountancy studies at the UFS?
register as a member of SAIPA and call themselves a
‘Professional Accountant (SA)’.

To become a Chartered Global Management

Accountant or CGMA
After obtaining the BCom (Accounting) degree or
the BAcc degree, graduates can register for the
BCom Honours degree in Management Accounting,
which is aligned with the Advanced Diploma in
Management Accounting of CIMA. With the further E: [email protected]
successful completion of CIMA’s ‘Strategic Level’, and T: +27 51 401 2333
the prescribed practical training, graduates will be
eligible to register as Chartered Global Management
Accountants (or CGMAs).

To become a Chartered Certified Accountant

(ACCA / FCCA)

to summarise
After obtaining the BCom (Accounting) or the BAcc
degrees, graduates may apply for exemption from
some of the prescribed examinations in the ACCA
programme – thereby shortening the education
pathway towards ACCA membership. Further ACCOUNTANCY
prescribed training must be completed before
graduates can call themselves an ‘Associate of the
GIVES YOU THE EDGE
Chartered Certified Accountants’. The CA(SA), ACCA, and/or CIMA (CGMA)
An important feature of the requirements of all of designations are recognised worldwide.
these professional bodies is the completion of a
prescribed training period – thereby ensuring that
Competitive salaries ensure that your
the graduate also obtains structured on-the-job
earning potential will always remain high.
work experience before becoming a professional
accountant. This feature therefore fully equips
the newly qualified professional accountant to be As a professional accountant, you will
successful in the working world. enjoy excellent flexibility – enabling you
Of course, accountancy graduates are also welcome to choose your own work-life balance,
to complete the postgraduate diplomas or honours based on what you want to get out of your
degrees, as well as our master’s and PhD degrees career.
offered by the UFS School of Accountancy, to
advance their own knowledge and skills – even if
Whether you are after creating wealth,
they are not planning to become members of the
gaining status, or having time to spend
aforementioned professional bodies. There can be
with loved ones … having a professional
no doubt that obtaining a postgraduate qualification
accountancy designation behind your
in accountancy from the UFS will be extremely
name makes it even more possible.
valuable in securing employment or enhancing one’s
promotion prospects.

10 | THE NUMB3RS ADD UP

Thuthuka Bursary Programme The success of the Thuthuka bursary programme
offered by the University of the Free State is
The Thuthuka Bursary Fund scheme is a transformation evident from the high throughput rates of bursary
initiative established by the SA Institute of Chartered recipients, as well as the accomplishments of
Accountants (SAICA), aimed at encouraging previously graduates in the programme. These results can be
disadvantaged African and Coloured school learners attributed to, among others, our Thuthuka bursary
to pursue a career in the South African Chartered recipients being part of a ‘Thuthuka family’ where
Accountancy [CA (SA)] profession. ‘Thuthuka’ is a Zulu they are individually developed and cared for, the
word meaning ‘to develop’ – the Thuthuka bursary quality of the academic programme offered, as well
programme encompasses this meaning: it aims to as the effectiveness of the ‘wrap-around’ support
develop students for the purpose of transforming South that is on offer.
Africa’s business leadership demographically.
The support offered to Thuthuka bursary programme For more information on the UFS Thuthuka bursary
recipients includes the following financial support: programme, contact:

Thuthuka bursary programme administrator:

full tuition fees (for each consecutive year
successfully completed) Ms Mammuso Matshitse
T: +27 51 401 3213
E: [email protected]
accommodation

books and stationery

Need an answer…

fast?
meals

living and travel allowances

other support.

In addition to the financial support, the Thuthuka bursary

programme recipients also receive invaluable non-
financial ‘wrap-around’ support in the form of Chat to the
academic support – this includes various Kovsie2Bot at
‘value-added’ interventions, such as 087 240 6370
additional tutorials (study sessions), study
skills workshops, and individual consultation
sessions;

social and emotional support;

work-readiness and life skills training;

mentoring and counselling;

ot
assistance with ‘administrative matters’, such
as registration and accommodation; and

exposure to experienced chartered

accountants and business leaders.
11
 I H A V E T O E N T E R THE
NS DO
WHAT STUDY OPTIO A N A G E M E N T S E C TO R S ?
, AN D M
FINANCE, BUSINESS

2. ECONOMICS
Economists study how society distributes Where do economists work?
resources such as land, labour, raw materials, Corporate institutions, educational institutions,
and machinery to produce goods and services. and also in government – to name a few. Career
They conduct research, collect and analyse opportunities are available in a variety of settings,
data, monitor economic trends, and develop including the public and private sectors in both urban
forecasts on a wide variety of issues to solve and rural settings. Skills can be applied in global,
complex problems and improve the living national, and local settings in a wide variety of
conditions of people. These include energy sectors, for example, government, health, education,
costs, inflation, interest rates, exchange rates, agriculture, and banking.
business cycles, taxes, and employment levels,
among others. Economists are developing What are the minimum admission requirements to
study BCom with specialisation in Economics?
methods for obtaining the data they need.
n AP = 28
n NSC Mathematics = Achievement level 4
n NSC English = Achievement level 4
n An interest in using data, thinking critically, and
applying logic to understand how resources and
At the University of money influence our world, in order to solve
complex problems related to this.
the Free State we
inspire excellence
and transform lives.
To get an idea of a
day in the life of an
economist, watch
these videos:

12 | THE NUMB3RS ADD UP

 E M S a d v [email protected] c.za
E n q u ir ie s :

3. FINANCE
Do the buzz of financial markets appeal to you? If you would like to help others discover the best ways to get
substantial returns on their nest eggs, are intrigued by analysing risk, or are interested in helping businesses
buy other businesses, consider a career in investment management. Investment management is all about
investment decisions and asset allocation. This means coming up with investment strategies and directing
funds to property, equities, or debt securities on behalf of clients. Investment bankers, by contrast, are
dealmakers. They work as high-level consultants and analysts for large companies to help with capital-raising
strategies.

Where do investment managers and bankers work?

Typical employers of investment fund managers are investment banks, investment and asset management
companies, stockbrokers, insurance and life assurance companies, and banks.

What are the minimum admission requirements to study BCom with specialisation in Finance?
n AP = 28
n NSC Mathematics = Achievement level 4
n NSC English = Achievement level 4
n An interest in helping clients (such as individuals, businesses, and government) to manage their money
and helping with corporate finance needs.
n CFA designation is globally recognised as the gold standard in the investment field. This accreditation
reflects the rigour and value of our programme.

4 . B U S IN E S S A N D
F IN A N C IA L A N A LY T IC S
Do the two options above sound appealing, but you want more data and computer programming skills
incorporated? Then the BCom with specialisation in Business and Financial Analytics is for you! This flagship
degree was designed for the Fourth Industrial Revolution, as it integrates quantitative analysis, computer
science, statistics, and business. This qualification will equip graduates to become high-functioning executives
in the modern global business world.

A business or financial analyst is responsible for a wide range of activities, including gathering data, organising
information, analysing historical results, making forecasts and projections, making recommendations, and
generating models, presentations, and reports. A good financial analyst is not only good with numbers, but
actually generates insights and recommendations on how to improve the operations of a business. Examples
of helpful recommendations and insights include ways to cut costs, opportunities to grow revenue, ways
to increase market share, operational efficiencies, customer satisfaction, and much more. This is what truly
separates a world-class financial analyst from the rest. These recommendations will be presented to the CEO,
other executives, and/or the board of directors.
(Source: https://corporatefinanceinstitute.com/resources/careers/jobs/what-does-a-financial-analyst-do-day-in-the-life/)

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 Here are videos about a day in the life
of a financial analyst:
Where do business and financial analysts work?
Business and financial analysts can work in all industries,
both private and public. Some examples are investment
banks, asset management firms, corporates, government,
and business consulting firms.

What are the minimum admission requirements

to study BCom with specialisation in Business and
Financial Analytics?
n AP = 34
n NSC Mathematics = Achievement level 5
n NSC English = Achievement level 4
n An interest in solving problems, working with
numbers and crunching data, and effective
communication.

5. WHAT OTHER PROGRAMMES ARE OFFERED BY THE

FACULTY OF ECONOMIC AND MANAGEMENT SCIENCES?

BCom B6300 63001 BC630000

BCom with specialisation in Business Management B6300 63001 BC630012

BCom with specialisation in Human Resource Management B6300 63001 BC630030

BCom (Law) B6370 63701 BC637070

BCom with specialisation in Marketing B6300 63001 BC630010

Bachelor of Administration BC6340 63401 BC634040

For more information on these programmes, contact the faculty manager at [email protected]

14 | THE NUMB3RS ADD UP Apply here

 U DY AT T H E
D O YO U N S T A T E ? E E D TO S T
6. W H AT
T H E F R E E
SITY O F
UNIVER
For degree studies at the University of the Free State, we expect that

S
n you have an NSC or NCV with an endorsement that allows entrance to degree studies (Bachelor’s degree) or
an equivalent qualification;
n you meet all the minimum admission requirements for the programme you intend to study. Meeting the
minimum admission requirements for your chosen/intended programme of study does not guarantee
admission, as limited spaces are available in each programme;
n you have a minimum level of 4 (50%) in English Home Language or English First Additional Language; and
n you must pass certain school subjects with a minimum level of achievement in order to take a certain
university module. For example, you must get a mark of 60% for Mathematics in Grade 12 if you plan to
study BCom with specialisation in Business and Financial Analytics.

7.HOW DO
APPLICATIO Y
N TO STUDY
O U A P P LY ?
AT THE UF S IS FREE

Visit https://apply.ufs.ac.za. Keep your mobile phone and an active email address ready, as you require both to
access and complete the online application form.
Proceed through all the steps and submit your electronic application. Make sure that you complete the application
form properly, e.g. if you need on-campus residence accommodation or financial aid, indicate this in the relevant
section.
Upload copies of the following in PDF or JPEG format when you apply for undergraduate studies:
n Your ID if you are a South African citizen
n Your passport if you are an international student
n Your parent’s ID or passport if you are younger than 18
n Your final Grade 11 results with the school’s stamp
n Grade 12 June results with the school’s stamp as soon as it becomes available.
n National Senior Certificate (NSC) if you have already matriculated
n Your academic record, only if you are/were a student at another institution of higher learning
n USAf accreditation from the examination board for South African universities. Apply to mb.usaf.ac.za for
conditional exemption, foreign conditional exemption, or mature age conditional exemption.

The online application is quick and easy – no hassle, no fuss!

It has an easy and modern design and is mobile- and tablet-
friendly. You can apply using any device. You can expect a
quicker response time if you apply online.
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 8 . C A L C U L A T IO N O F Y O U R
AD M IS S IO N P O IN T (A P ) S C O R E
It is important that you thoroughly study the
NSC Level UFS AP
admission requirements of the programmes you
are interested in. The UFS calculates your AP score 7 (90%–100%) 8
based on the NSC achievement scale. An AP score 7 (80%–89%) 7
consisting of seven levels is used. Points will be
6 (70%–79%) 6
awarded for six academic subjects (note: no points
will be awarded for achievement levels lower than 5 (60%–69%) 5
30%). One point is awarded for Life Orientation 4 (50%–59%) 4
from achievement Level 5 (60%) or higher when 3 (40%–49%) 3
calculating your AP score for admission purposes.
2 (30%–39%) 2
1 (0%–29%) -

9. ADMISSION TO STUDY AT THE UFS

Academic excellence is what the UFS is about – the higher your AP score, the better your chances of
being chosen and finally admitted to study. Meeting the minimum admission requirements for your
chosen/intended programme of study does not guarantee selection and admission, as all programmes
have a limited number of spaces available. Applicants with the highest AP scores are chosen first, and
the admission continues until all spaces have been filled. If you do not meet the minimum admission
requirements for your intended/chosen programme of study, you will not be selected.

10. STUDENT SERVICE CENTRE

Our friendly agents are ready to assist you with the application, admission, and registration processes. Contact
the agents if you require

n information on the admission requirements for any study programme;

n assistance to complete your application form; and
n assistance with tracking the status of your application.

Contact: T: +27 51 401 9111 | E: [email protected]

or send a WhatsApp message to the Kovsie2BOT on 087 240 6370.

For more information, view the UFS Prospectus 2024 at www.ufs.ac.za/prospective or visit the Virtual Expo
at https://www.ufs.ac.za/prospective/VirtualExperience for a taste of varsity life and all that the University
of the Free State has to offer you.

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