Great prizes to be won in olympiad

2016-03-16 06:00

THE South African Institute of Chartered Accountants (Saica), in partnership with Sage One, has announced that high schools have until 30 April to register learners for this year’s Saica Sage One Accounting Olympiad.

Some very desirable prizes are up for grabs and you have the chance to prove that you are the top young accountancy mind in the country.

Last year, over 4 100 learners of 322 schools participated. This year, the total competition prize value stands at R300 000.

The learner who obtains the highest mark nationally will win a laptop. The winning school in every province will be awarded two desktop computers, pre-loaded with the NCS Sage Pastel software written to meet the outcomes for the gr. 11 and gr. 12 national Accounting curriculums. The winning teacher will get R2 000 cash.

Why should your school take part?

Gr. 11 and gr. 12 learners are encouraged to enter the olympiad to prepare themselves for the requirements of tertiary education.

It covers the gr. 12 syllabus and aims to recognise learners’ Accounting talent, encourage interest in Accounting as a career choice and grow the number of potential chartered accountants.

Gugu Makhanya, project director for transformation, growth and professional development at Saica, however, explains that the olympiad does more than that.

“Year after year, we see that olympiad participants have an advantage over their peers going into their final matric exams,” said Makhanya.

“Thembelihle Mzila, the learner who took first place in KwaZulu-Natal’s regional olympiad and came second in the national event, for example, was among the top-performing matric learners in the Uthukela district in 2015. She is busy with her first year in BCom Accounting at the University of Pretoria (UP).”

Steven Cohen, head of Sage One International, has expressed his excitement about Sage’s involvement.

“We are proud supporters of Saica’s Accounting olympiad. It is always inspiring to see the passion and talent of the youth studying Accounting in South Africa – each year’s contestants impress us with their commitment, hard work and aptitude for this important subject.”

How can your school get involved?

Participating schools are selected by provincial departments of education, in conjunction with Saica. Teachers select the 10 to 15 learners identified as their school’s top Accounting talent. The closing date for entries is 30 April and the olympiad will take place on 3 August.

For more information, speak to your school’s Accounting teacher.

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