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National Accounting

and Maths Olympiad 2024

NAMO

SAIPA has introduced the National Accounting and Maths Olympiad (NAMO) to replace its previous National Accounting Olympiad. Apart from adding a mathematics component to the competition, the new format has been designed to produce outcomes aligned with the Institute’s vision of Future-Fit Accountants beyond the Fourth Industrial Revolution.

REGISTRATIONS OPEN 14 FEBRUARY 2024!

  • Grade 10 learners write TWO online assessments per subject.
  • Grade 11 learners write 1 assessment and plot twist final exam per subject.
  • Grade 12 learners submit two assessments based on 1 case study.

How does it work?

Grade 10 Learners

  • Will write two online assessments where they will be given the answers per subject.
  • They will be judged on the use of their syllabi knowledge, analytical and critical skills to determine the correct answer.

Grade 11 Learners

  • Will write an online assessment followed by a final assessment with a twist, where they will be given the answers per subject.
  • They will be judged on the use of their syllabi knowledge, analytical and critical skills to determine the correct answer.

Grade 12 Learners

  • The entire project is open-ended, leaving entrants to formulate their own approach to researching information, solving problems and reaching their objectives.
  • Will receive a case study that should be used to develop business ideas and solutions.
  • The case study approach will incorporate the principles of accounting and maths in a business context.
  • There will be two consecutive submissions in total, each building on from the last.
  • The first submission will be due at the end of July and the second, end of September.
  • Develop their business skills but also develop their Academic skills for further studies.
  • Grade 12 learners can register to participate individually OR in a group of up to FIVE team members.

What happens after the last submission or exams?

 

  • After reviewing and assessing the grade 10 assessments, grade 11 exam and both submissions from grade 12 contestants, learners or teams will be shortlisted.
  • Grade 12 contestants’ final challenge will be to present before a panel of judges.
  • The session will focus on their ability to research, conceptualise and communicate their assumptions based on the case study challenge.
  • This will include how they applied both their accounting and maths skills when developing the proposal, financial statements, a basic business plan and other reports.
  • Team members may also be asked to evaluate each other’s contributions and performance while lone competitors will evaluate themselves.
  • Learners are awarded based on highest average score.
  • Selected members of the accounting, business and academic communities will be invited to preside as Olympiad judges.

Winners will win amazing cash prizes and more from sponsors and will be announced during a prestigious awards ceremony at SAIPA’s Accounting iNdaba in November 2024.

REGISTRATION

  • Visit (will send updated link)
  • Grade 10 and 11 can register as individuals only
  • Grade 12 learners can enter as an individual or ask your teacher to register you as a group
  • NAMO is free of charge. Schools may enter as many learners as they wish.

Contact us

If you have any queries, please contact Zinhle Mdhlalose at namo@saipa.co.za or WhatsApp 082 300 4649

Interested

REGISTER TODAY!


    Testimonials

    The National Accounting and Mathematics Olympiad for matriculants pushed me to extend my accounting knowledge beyond the classroom. This Olympiad wasn’t just about testing accounting skills; it also demanded research, report writing, communication, and entrepreneurial skills. This competition broadened my perspective on the business world and reshaped my thinking completely. I’ll never forget the positive impact this competition had on my life and I hope more students participate in the near-future.

    Kevin Naylor

    Grade 12: 1st Position Winner

    I had never heard of SAIPA NAMO before competing in it however faith and passion drove me through.  It was not easy balancing a stressful Grade 11 year and preparing for NAMO assessments. Both of the Math assessments I wrote did not feel like a burden because of the support I got from NAMO coordinators. The multiple online learning sessions we had, the test guides we received and the communication support from the NAMO coordinator, Ms Zinhle was super relieving.

    Today I’m a SAIPA 2023 Maths Grade 11 Winner because of hardwork, dedication, consistency, faith and most of all challenging myself to go out of my comfort zone.

    Msawenkosi Buthelezi

    Grade 11: Mathematics Winner – 1st Position

    I am thrilled to know that I have excelled in accounting with a remarkable score of 97.5%. I am confident that my success in accounting would not have been possible without my teacher mam Vuyiswa Ncoza. I am glad that I took part in the NAMO.

    Thato Pooe

    Grade 11: Accounting Winner – 1st Position

    I am writing to express my profound gratitude to SAIPA for hosting the National Mathematics and Accounting Olympiad. It was a truly enriching experience that I shall forever cherish. The virtual, online session as well as assessments we had done allowed me to develop my problem-solving skills and critical thinking that will be essential for my future.

    Gerhard Janse van Rensburg

    Maths Winner – 2nd Position

    I joined NAMO to demonstrate that I am capable of achieving my goals when I apply myself. I failed my first attempt in the accounting round, which motivated me to study harder for the second attempt. I succeeded on my second attempt, demonstrating that hard work pays off. I learned that failure is simply an opportunity to learn and improve.

    Tumisho Raseporo

    Accounting Winner – 5th Position