Case Study: University of the Free State School of Accountancy empowers students with consolidated reporting using Syft Analytics

How Syft empowers students at the University of the Free State to understand consolidated reporting

The University of the Free State School of Accountancy needed to provide its accounting students with practical, hands-on experience in consolidated financial reporting. The challenge was overcoming the difficulty of applying theoretical knowledge without access to sensitive real-world client data and preparing students for an increasingly digital accounting profession. To address this, the school partnered with vendor Syft Analytics to utilize its software.

Syft implemented a project where students used its software to build group consolidations from scratch, inputting journal entries in Excel before pulling the data into Syft to generate reports. The solution provided valuable visualization of the consolidation process and equipped students with crucial digital skills. The project was a success, with students easily adapting to the user-friendly platform. Syft's solution leveled the playing field for absent students through its cloud-based nature and provided impactful practical experience that bridged the gap between theory and real-world application.

University of the Free State School of Accountancy

Haneke van Zyl

Programme Director: General Accountancy