To study accounting is to embark on a journey of deciphering the codes of economic prosperity.
–Daniel Adams
Accounting is one of the most sought-after career paths in South Africa. It promises financial security, professional growth, and the flexibility to work across various industry sectors from auditing firms and multinational corporations to government departments and entrepreneurial ventures. Of course, like most good things in life, this does not come easily. Before aspiring accountants can enter the world of financial statements, audits, and taxation, they must first answer the important question: which university is best for accounting in South Africa?
If that is on your mind, you are in the right place for answers. This guide will explore the best universities for accounting in South Africa, outline their course structures, and help you understand the subjects that make up these programmes. We'll also explore the difference between auditors and accountants, and why choosing the right university matters if you plan to succeed in either role.
Why Study Accounting?
Accounting is more than just balancing books or preparing tax returns. It's a dynamic, intellectually challenging field that requires strong analytical, mathematical, and communication skills, but what are the best universities for accounting?
South African universities offer internationally recognised degrees that allow graduates to pursue careers as accountants, auditors, tax consultants, forensic accountants, and more. Not only that, but the demand for qualified accounting professionals remains consistently high both locally and abroad.
There’s no doubt, when it comes to reasons for studying accounting, financial opportunity is a major drawcard. According to Payscale South Africa, an entry-level, qualified accountant can earn anywhere between R180 000 to R250 000 per year, with salaries growing substantially as you gain experience or complete additional qualifications such as the CA(SA) designation.
What Are Accounting Stream Subjects?
Before diving into the best universities for accounting in South Africa, it’s important to understand the foundation. Accounting stream subjects form the bedrock of any accounting qualification. These typically include:
Remember that most undergraduate accounting degrees in South Africa include these subjects across different years of study. Also, universities will often tailor their programmes to align with SAICA (South African Institute of Chartered Accountants) standards, so that graduates are prepared for board exams and professional life.
Which University is Best for Accounting in South Africa
If you're asking which university offers the best accounting qualification, you're not alone. The good news is that several top-tier institutions offer exceptional accounting programmes. Here’s a breakdown of the best South African universities for accounting, based on academic reputation, industry alignment, and professional pass rates.
University of Cape Town (UCT)
UCT’s College of Accounting is consistently ranked among the best universities for accounting in South Africa. The Bachelor of Commerce in Accounting is designed to prepare students for entry into the Chartered Accountant (CA) route. It covers all major accounting subjects and boasts an impressive SAICA pass rate.
UCT is renowned for its SAICA board exams pass rates and it also has strong links with the major accounting and auditing firms like PwC, KPMG, and Deloitte. Not only that, but it also offers opportunities for international exchange and places a high emphasis on ethically and socially responsible business practice.
University of Pretoria (UP)
UP’s Department of Accounting is part of its Faculty of Economic and Management Sciences. In addition, the BCom Accounting Sciences programme is SAICA-accredited and a direct pipeline to becoming a Chartered Accountant.
Firstly, UP offers a highly structured curriculum that is focused on the difference between auditors and accountants. It also has an excellent reputation within the industry and places a strong focus on integrating theory with real world application. Another benefit of this institution is that it regularly updates accounting classes to meet current industry trends.
University of the Witwatersrand (Wits)
There is no doubt that Wits is known for its academic excellence. Wits offers both undergraduate and postgraduate degrees in Accounting. Offering all the main accounting stream subjects, the School of Accountancy at Wits prepares students for the CA(SA) pathway, and also offers flexibility for careers in finance, taxation, or management accounting.
Wits offers practical and comprehensive accounting classes with excellent internship opportunities at many of the major financial institutions. Not only that, its Postgraduate Diploma in Accountancy (PGDA) is recognised nationwide. In its educational approach, there is also a strong emphasis on the difference between auditors and accountants.
University of Johannesburg (UJ)
UJ’s Department of Accountancy is one of the largest in the country. The university offers programmes that lead to SAICA, CIMA, and ACCA qualifications which makes it ideal for students unsure about their long-term path and who need to know the difference between auditors and accountants.
At UJ, accounting classes offer a variety of specialisations beyond the CA(SA) route. If you are looking for a more flexible schedule, like evening classes for instance, and a curriculum that offers all accounting stream subjects, then this is for you.
Stellenbosch University (SU)
Offering a strong reputation, beautiful campus and quintessential student life, SU is a favourite among many prospective students. Its School of Accountancy delivers top-tier BAcc programmes and boasts a high postgraduate success rate.
Consistently ranked amongst the best universities for accounting in South Africa, SU’s emphasis on problem solving, ethics and strong student support network is definitely part of its appeal.
Besides these highly-lauded accounting faculties, Rhodes University, North-West University (NWU) and Nelson Mandela University are worth honourable mention for their innovation, bilingualism, and individual attention.
The Difference Between Auditors and Accountants
A common question among students is the difference between auditors and accountants. While both work with financial data, their roles are distinct.
In short, accountants: Prepare financial statements, manage ledgers, handle tax matters, and provide general financial advice. On the other hand, auditors examine financial records prepared by accountants to ensure accuracy and compliance with regulations. Most notably, they usually work independently from the entities they audit.
If you're studying accounting, your university will make this distinction clear during your foundational accounting classes which will help you to decide on the career path that suits you best.
Further Study: Postgraduate Opportunities
Most universities listed above offer postgraduate diplomas in accounting (PGDA), which are mandatory for writing the SAICA Initial Test of Competence (ITC). In addition, there are also honours degrees, master's programmes, and diplomas for students aiming to diversify into taxation, forensic accounting, or financial analysis.
Applying to an Accounting Programme
To study accounting at one of the best universities for accounting in South Africa, you typically need:
A National Senior Certificate with good marks in Mathematics and English
Strong results in business-related subjects
(e.g. Accounting, Economics)
Admission Point Score
Depending on the university, your admission may be influenced by your APS
Each university has slightly different application procedures and deadlines, so be sure to check directly with the institution. Also check out the difference between bookkeepers and accountants.
So, Which University is Best for Accounting in South Africa?
So, which university is best?
The answer depends on your goals, budget, location, and preferred learning environment. That said, UCT, Wits, UP, UJ, and Stellenbosch consistently rank among the best universities for accounting in South Africa. They offer strong academic support, industry partnerships, and opportunities to specialise across various accounting streams.
To make your decision, think about what kind of accounting you want to pursue (auditing, tax, finance).
Also, are you looking for traditional or online accounting classes, and do you plan to pursue post-graduate qualifications? A private accounting class offers a more flexible approach to learning. don't forget to try and understand the difference between auditors and accountants as early on in your accounting journey as possible.
Finally, the right university will not only teach you the fundamentals of accounting but also inspire you to embody the discipline, ethics, and precision that you will need as a great accountant.
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