The Department of Financial Accounting at the Durban University of Technology (DUT) recently hosted a remarkable event, allowing first-year Extended Curriculum Programme (ECP) students to showcase their Collaborative Online Interactive Learning (COIL) projects, aligning with DUT’s ENVISION2030 goals.

Held at Coastlands Hotel in Musgrave, the workshop was more than just a presentation; it was a glimpse into the future. The COIL project, which spanned six weeks in semester 2, saw pairs of DUT students teaming up with students from the University of Colima (UCOL) in Mexico in a unique international collaboration. The goal was to develop joint business ventures, with the requirement to present their business proposals at the end of the project.

The Extended Curriculum Programme module, Accounting Professional Practice at DUT, was integrated with the Financial Analysis module from the University of Colima (UCOL) in a manner that allowed students from both campuses, through collaborative work, to apply the conceptual framework and conduct market research. This project enhanced critical thinking, innovation skills, cognitive abilities, and social awareness. At the end of the project, the students demonstrated indispensable learning outcomes, including intercultural sensitivity and comprehension, as measured through the lack of major conflicts during the project. They also gained knowledge in general business and specific financial concepts. Formal research reports were designed by the students, and this project created a platform for our students to collaborate with students from different cultures.

While many students found the COIL project to be an enriching experience, it was not without its share of challenges. One common issue was communication. Some students reported difficulties in maintaining consistent contact with their counterparts in Mexico, often resulting in an unequal distribution of project tasks.

“I learnt how to be patient with my Mexican partners,” said Nkosingiphile Cele, highlighting the importance of patience in cross-cultural collaborations. “We really had fun partnering with students from the University of Colima (UCOL); this has taught us that technology is slowly emerging to replace the need for physical mobility if we can work and pull up a successful and interesting business idea with people who are miles away from us,” said a group of DUT students, emphasising the significance of Collaborative Online Learning.

However, some students expressed there were a lack of communication from their Mexican partners.  DUT student  Cele further stated, “I experienced that collaboration of many people has more power than when you are alone,” she said.

Despite the challenges, the COIL project yielded remarkable outcomes. An impressive 85% of students expressed a strong desire to turn their collaborative business ideas into reality. The exposure to diverse cultures and the development of essential skills, such as communication, collaboration, and problem-solving, were noted as significant benefits.

A total of 19 projects were presented, all of which were fascinating. Some top business ideas and names emerged from the presentations, displaying a high level of critical thinking, innovation, and creativity. Among the top business ideas were ECO BAMBOO, Blissful Brew, Food truck restaurant, Coastal Bag Watch, Earth Treasure Recycling, Laso Travels, and the SANM Development organisation, among others. These projects demonstrated a commitment to addressing common issues and creating innovative solutions.

Miss Nolwando Mgilane, one of the ECP staff members, commended the students, saying, “I remain in awe of how our ECP first-year students have carried themselves in successfully presenting their final projects with high self-assurance while exhibiting an amount of sufficient research to support their business ideas.”

Stephanie Samuel, the programme co-ordinator, reflected on the COIL collaboration with UCoL, saying, “I am impressed by the level of innovation and creativity that the class of 2023 was able to channel into their projects. I am confident that our students are destined for great things.”

“This COIL project embodies the values and principles outlined in DUT’s ENVISION2030. It aligns with the vision of fostering a people-centred culture, a culture of accountability and shared responsibility, and a commitment to inspiring innovation and entrepreneurship. The project also contributes to the development of creative curricula and nurtures engagement, innovation, and entrepreneurship among students, promoting adaptability in graduates,” said Ugeshni Moodley, Faculty Engagement Coordinator.

In summary, the COIL project organised by the Department of Financial Accounting proved to be a unique learning experience for DUT’s first-year ECP students. It fostered collaboration with international peers, helping them understand the value of teamwork, cultural diversity, and the challenges that can arise in cross-border projects.

Head of Department, Dr Ferina Marimuthu  explained that while there were hurdles to overcome, these experiences contributed to personal growth and learning opportunities. She indicated that the Department of Financial Accounting is committed to providing more such opportunities in the future, enhancing the skills and perspectives of its students.

“I’m delighted to share with you the success and experiences of our first-year Extended Curriculum Programme (ECP) students as they embarked on a transformative journey during the Collaborative Online Interactive Learning (COIL) project. This initiative aligns with our commitment to foster a people-centred culture, accountability, and shared responsibility, as outlined in DUT’s ENVISION2030,” she stressed.

She conveyed that the COIL project not only challenged the students to navigate international waters but also encouraged innovation, collaboration, and adaptability. “It was inspiring to see our students rise to the occasion, working with peers from the University of Colima (UCOL) in Mexico to develop business ventures that could shape our future. Despite the hurdles they faced, our students exhibited resilience and a commitment to making the world a better place. The COIL project has not only enriched their lives but has also laid the foundation for a future where our graduates can initiate and respond to change effectively,” said Dr Marimuthu.

She further extended her heartfelt thanks to the students who participated and to the dedicated staff members who facilitated this exceptional project.  “As we move forward, the Department of Financial Accounting remains committed to offering more opportunities that enhance the skills and perspectives of our students,” she said.

Pictured: Class of 2023 Diploma in Accounting (ECP) first-year group.

Waheeda Peters