The South African Institute of Chartered Accountants (SAICA), in partnership with Sage Pastel Accounting, presented prizes to four Free State learners at the award ceremony held at the school recently.
The main aim of the competition is to recognise young accounting talent and encourage interest in the field among high school learners. The competition identifies accounting talent at school level and also promotes the subject and a possible career in the field.
Schools are not allowed to enter less than 10 learners for the Olympiad. St. Michael’s has 11 accounting students this year (as last year), and unlike other schools where the top 10 – 15 learners are chosen, the entire class took part.
Sempe received 86% while Wu received 81%. The other winners were Enrico Scheltema (St. Andrew’s) and Ruvé van Rooyen (Welkom Gymnasium) with 76% percent apiece.
Meanwhile, Mardi Groenewald, the teacher at St. Michael’s also walked with the top school educator award.
“Our Accounting learners put in many hours of effort and attended my extra classes without a word of complaint. The lesson to be learned is that hard work does actually pay,” Groenewald told Courant.
She was also pleased that this year’s St Michael’s Matric class has continued to build on last year’s Matriculants, who also obtained the top position in the Motheo district, with an average of 81%.
She explained that Accounting is a subject that requires consistent effort. “Do your bit every day and everything will come together in the end. The credits will trump the debits,” she added.
For the second year, the St. Michael’s girls were the top class in the Free State, and also took top positions for individual learners.
This year’s Accounting Olympiad attracted a record of 5 747 grade 11 and 12 learners from 439 schools across the country, compared to last year’s 4465 participants from 338 schools.