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ICAN Info

The Institute of Chartered Accountants of Nigeria (ICAN) has three levels for aspiring accountants: Foundation, Skills, and Professional, with specific courses for each level. ICAN conducts professional examinations twice a year in May and November, with registration fees varying by level and number of papers. To register, candidates must meet eligibility requirements, complete an online application, and pay a registration fee of ₦7,000.

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53 views3 pages

ICAN Info

The Institute of Chartered Accountants of Nigeria (ICAN) has three levels for aspiring accountants: Foundation, Skills, and Professional, with specific courses for each level. ICAN conducts professional examinations twice a year in May and November, with registration fees varying by level and number of papers. To register, candidates must meet eligibility requirements, complete an online application, and pay a registration fee of ₦7,000.

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timpcoast2
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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The Institute of Chartered Accountants of Nigeria (ICAN) has three

stages for aspiring accountants:

1. Foundation Level (for non-accounting graduates):


o Quantitative Techniques in Business
o Business and Finance
o Financial Accounting
o Management Information System
o Business Law
2. Skills Level (for pure accounting graduates):
o Financial Reporting
o Performance Management
o Public Sector Accounting and Finance
o Management, Governance, and Ethics
3. Professional Level (for both accounting and non-accounting graduates):
o Corporate Reporting
o Advanced Audit and Assurance
o Strategic Financial Management
o Advanced Taxation
o Case Study

Remember, if you’re an educational accounting graduate, you’ll start from


the Foundation level and be exempted from four courses, but you’ll pay for
the exemption. Good luck on your ICAN journey!

The Institute of Chartered Accountants of Nigeria (ICAN) conducts


professional examinations twice annually, in the months
of May and November. These exams are essential for aspiring chartered
accountants. Here are the details:
1. May Diet:
o Dates: The May 2024 diet professional examinations are scheduled to hold
from Tuesday 14, May to Thursday 16, May 2024.
o Eligibility: The exams are open to ICAN’s registered financial students.
o Registration: The registration portal for the May 2024 diet will be open
from Tuesday 13, February 2024, to Friday 10, May 2024.
o Fees: The examination fees vary based on the number of papers:
o Foundation Level: 1 paper - ₦26,570, 2 papers - ₦33,920, 3 papers -
₦41,270, 4 papers - ₦48,510, 5 papers - ₦84,740
o Skills Level: 1 paper - ₦37,490, 2 papers - ₦49,250, 3 papers - ₦61,110,
4 papers - ₦72,870, 6 papers - ₦96,500
o Professional Level: 1 paper - ₦40,740, 2 papers - ₦53,970, 3 papers -
₦67,310, 4 papers - ₦80,540, 6 papers - ₦93,870

o Centres: There are over 50 examination centres across Nigeria, as well as


one each in Buea, Cameroon, and London, United Kingdom (UK).
2. November Diet:
o The November diet also follows a similar pattern, with exams conducted in
November each year.

Remember, the ICAN CA qualification is highly respected and recognised


globally, making these exams a significant milestone for aspiring
accountants.

To pass the Skills Level of the Institute of Chartered Accountants of Nigeria


(ICAN), you’ll need to write four exams. These exams cover the following
areas:
1. Financial Reporting: This section focuses on financial accounting, including
compliance with local and international accounting standards. You’ll analyze
financial statements and understand accounting treatments.
2. Performance Management: Here, you’ll learn about evaluating
performance, making informed decisions, and advising on accounting
policies in line with international reporting standards.
3. Public Sector Accounting and Finance: This covers accounting practices
specific to the public sector.
4. Management, Governance, and Ethics: You’ll explore management
principles, governance structures, and ethical considerations in accounting.
Best of luck with your ICAN journey!

To pass the professional stage in the Institute of Chartered


Accountants of Nigeria (ICAN), you’ll need to complete five courses.
These courses are:

1. Advanced Audit and Assurance


2. Advanced Taxation
3. Strategic Financial Management
4. Corporate Reporting
5. Case Study.

Remember that ICAN professional courses for non-accounting graduates can


typically be completed in approximately 18 months if you don’t fail any
examinations.

Certainly! To register for the Institute of Chartered Accountants of Nigeria (ICAN) from the
skills level, follow these steps:
1. Eligibility:
o Ensure you have the following documents:
 Your university degree certificate or Higher National Diploma (HND) from an
accredited polytechnic.
 O’level result with credits in at least 5 subjects, including English Language
and Mathematics.
 A passport photograph.
2. Registration Process:
o Visit the ICAN website and create an account.
o Log in to your account and complete the registration form.
o Pay the registration fee (₦7,000).
o Upload the required documents.
o Submit your application.
3. Examinations:
o Prepare for the professional examinations, which are conducted twice a year
in May and November.
o Pass the three levels of professional exams to earn the ICAN Chartered
Accountant (CA) qualification.

Remember, ICAN is a respected accounting body, and with their certification,


you’ll be well-regarded in the accounting profession.

The registration fee for the Institute of Chartered Accountants of Nigeria (ICAN)
professional examinations is ₦7,000. You can pay this fee directly at any
commercial bank in Nigeria, through WEB-PAY, or QUICK-TELLER on the ICAN
website. After payment, use the transaction reference and receipt number to
complete your online registration on the ICAN website 12. Good luck with your
registration! 😊📚🎓

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