INSTITUTE OF CHARTERED ACCOUNTANTS OF NIGERIAICAN

 

 

 

 

PROFESSIONAL EXAMINATIONS 

  ICAN Professional Access Route

 

APPLICATION FOR STUDENT’S REGISTRATION

Application for registration as a student must be made on-line. Every applicant will be required to produce satisfactory evidence of his/her name, age and character together with certified photocopies of educational certificates and two certified passport size photographs.

The Council reserves the right to grant or refuse any application or to terminate the registration of a student. Applicants must comply with the conditions set forth and must pay the registration fee in force at the date of application. If the application to register is unsuccessful, the registration fee is not refundable.

 

In order to register as a student with the Institute, an applicant must hold a qualification not below University degree or its equivalent.

 

The Council has accepted the following qualifications for the purpose of entry requirements:

 

A.      The degree of any University or Higher National Diploma of any Polytechnic accredited by the Council.

 

B.      Any other qualification for the time being approved by the Council.

 

Approved meanwhile are:

i.        The final examination of the Institute of Chartered Secretaries and Administrators

ii.      The final examination of the former Corporation of Secretaries.

iii.    The final examination of the Association of International Accountants

iv.     The final examination of the Chartered Institute of Bankers of Nigeria

v.       The final examination of the Chartered Institute of Stockbrokers

vi.     The final examination of the Chartered Institute of Taxation of Nigeria

vii.   The final examination of the Association of Accounting Technicians, U.K.

viii. The final examination of the Association of National Accountants of Nigeria (ANAN)

ix.     Executive Management Accountancy (Federal Treasury Training School, Stage III)

x.       The final examination of Accounting Technicians Scheme, West Africa (ATSWA).

STEPS TO FOLLOW

1.      Obtain PIN voucher from Zenith/Fidelity Bank with N7,000

2.      Use the information on the PIN voucher to log-on ICAN website.

3.      Click on to Students' Professional Registration and fill your data on the  form.

4.      Obtain a coloured passport photograph of yourself, scan the passport photograph on the form.

5.      Click twice on submits to submit the application on-line.

6.      Print out a copy of the application form.

7.      Append your signature

8.      Get a chartered accountant as your referee/sponsor.

9.      Provide his/her membership number, name and phone number.

10.  Take the printed copy of the completed application form and the photocopy of your credentials to your Referee/Sponsor for certification.

11.  Students using AAT result should pay N23,500 being the cost of Induction/Conference and attach the photocopy of the receipt to the form.

12.  Attach the following:

i.               ORIGINAL COPY OF THE PIN VOUCHER

ii.             TWO COPIES OF CERTIFIED PASSPORT PHOTOGRAPH

iii.           THREE SELF ADDRESSED ENVELOPES WITH N50. STAMP AFFIXED ON EACH OF THEM.

iv.            ORIGINAL COPY OF THE BANK TELLER.

 

 

NOTE:


IF YOU ARE USING TRANSCRIPT IN PLACE OF NYSC, SUCH TRANSCRIPT SHOULD BE ADDRESSED TO THE REGISTRAR/CHIEF EXECUTIVE OF THE INSTITUTE.
CHANGE OF ADDRESS WILL NOT BE ENTERTAINED UNTIL AFTER TWO YEARS OF REGISTRATION.

 

Contact  professionalexams@ican.org.ng  for Further Enquiry

 

 

CONDITIONS TO BE SATISFIED

 

Every applicant for registration as a student must satisfy the Council that:

·         He/she is not less than 18 years of age;

·         He/she possesses the basic educational qualifications set out above; and

·         He/she is a fit and proper person to be registered.

 

STRUCTURE OF THE SYLLABUS

 

The professional examination of the Institute under the new syllabus consists of the following four levels:

 

FOUNDATION

1. Fundamentals of Financial Accounting

2. Corporate and Business Law

3. Economics and Business Environment

 

INTERMEDIATE

4. Costing and Quantitative Techniques

5. Taxation

6. Audit and Assurance

7. Business Communication and Research Methodology

 

PROFESSIONAL EXAMINATION I

8. Information Technology

9. Management Accounting

10. Financial Accounting

11. Advanced Audit and Assurance

 

PROFESSIONAL EXAMINATION II

12. Public Sector Accounting and Finance

13. Financial Reporting and Ethics

14. Strategic Financial Management 

15. Advanced Taxation

  

EXEMPTION GUIDELINES


 

Academic Qualifications

ICAN Exemptions

A.

 

B.Sc./B.A./HND (Accounting) obtained from Accredited institutions in Nigeria and from foreign recognised institutions

All Subjects in Foundation and Intermediate.

B.

 

B.Sc./HND (Accounting) obtained from recognized institutions in Nigeria, but not yet accredited by the Institute

All subjects in Foundation

C.

 

M.Sc. (Accounting) obtained from recognized institutions in addition to B.Sc. in any other related discipline

All Subjects in Foundation and

Intermediate

D.

Ph.D (Accounting)

All subjects in Foundation and Intermediate, plus Management Accounting and Financial Accounting in PE 1.

E.

B.Sc. Economics, B.Sc. Actuarial Science,

B.Sc./HND Insurance, B.Sc/HND/B.A

Business Admin/Management, B.Sc./HND Marketing, B.Sc./HND Banking & Finance,

B.Ed Education Management MBA in addition to B.Sc./HND in Non-Accounting discipline

 

Economics & Business Environment in Foundation

 

F.

B.Sc. (Ed.) Accounting or

B.Ed. Business Education (Accounting Option)

All subjects in Foundation

 

G.

B.Ed Education Management

Economics an & Business Environment in Foundation

H.

B.Tech Project Management,

B.Sc Engineering Management,

B.Sc./HND Cooperative and Rural Development, B.Sc/HND Statistics/Economics,

B.A Library Science/Economics,

HND Agric/Economics

 

Economics & Business Environment in Foundation

 

I.

B.Sc./B.A. Commerce

Fundamentals of Financial Accounting and Economics & Business Environment in Foundation

J.

LL.B

Corporate and Business Law in Foundation

K.

Others

-          Nil     -

 

 


 

Professional Qualifications

ICAN Exemptions

 

ATS II (Old Syllabus)

 

Economics & Business Environment and Fundamentals of Financial Accounting in Foundation

 

ATS III (New Syllabus)

All Subjects in Foundation, Costing & Quantitative Techniques, Taxation and Audit & Assurance in Intermediate

 

ACIB (Nigeria)

All Subjects in Foundation and Intermediate except Taxation, Audit and Assurance and Business Environment in Foundation

 

ACIB (London)

All Subjects in Foundation and Intermediate except Taxation, Audit and Assurance and Business Environment in Foundation

 

ACIS

All Subjects in Foundation and Intermediate except Taxation, Audit and Assurance and Business Environment in Foundation

 

ACS

All Subjects in Foundation

 

ACII

Economics and Business Environment in Foundation

 

ACIT

All Subjects in Foundation and Taxation in Intermediate

 

AIA (Final) 1994 to date

AAT (U.K)

Costing and Quantitative Techniques, Audit and Assurance in Intermediate

 

AIA (Pre-1994 )

 

All subjects in Foundation and Intermediate except Audit and Assurance

 

ANAN

All Subjects in Foundation and Intermediate

 

Executive Management Accountancy (Federal Treasury Training School Starting from 1987)

All Subjects in Foundation and Intermediate

 

ICAEW; ACCA, UK; CPA, USA

CIMA, UK; CIPFA, UK; ICAS, UK;

ICAI, UK

All Subjects in Foundation, Intermediate, P.E. I and P. E. II – subject to undergoing Intensive Course for special candidates

 

 

DATES OF EXAMINATIONS

The examinations are normally held twice each year in May and November and, at present, at the following centres: Aba, Abakaliki, Abeokuta, Abuja, Ado-Ekiti, Akure, Asaba, Benin-City, Calabar, Enugu, Ibadan, Ilesa, Ilorin, Jos, Kaduna, Kano, Lagos, Lokoja, Maiduguri, Makurdi, Minna, Ogbomoso, Onitsha, Owerri, Port Harcourt, Sokoto, Umuahia, Uyo, Warri, Yenagoa, Yola, and London (U.K.).

At the discretion of the Council, examinations may be arranged at centres other than those specified above.

 

EXAMINATION ENTRY

No person may enter for any of the Institutes examinations unless he/she had been registered as a student of the Institute and had paid the required annual subscription and examination entry fees in force at the date of entry.

The closing dates of entries for May and November examinations are March 31 and September 30, respectively.

 

 

EXAMINATION TIME-TABLE FORMAT

 


DAY

TIME

FOUNDATION

INTERMEDIATE

P. E. I

P. E. II

TUESDAY

9.00 a.m. -

12.00 noon

Fundaments of Financial Accounting

Costing and Quantitative Techniques

Financial

Accounting

 

Financial

Reporting and

Ethics

 

2.00 p.m. –

5.00 p.m.

Economics and Business Environment

Audit and Assurance

Information

Technology

Strategic Financial Management

WEDNESDAY

9.00 a.m. –

12.00 noon

 

Corporate and Business Law

Taxation

 

Advanced Audit and Assurance

Advanced Taxat


ion

 

2.00 p.m. –

5.00 p.m.

 

 

 

-

 

Business Communication and Research Methodology

Management Accounting

Public Sector


Accounting and

Finance

THURSDAY

 

9.00 a.m. –

2.00 p.m.

 

-

 

-

 

-

Multidisciplinary

Case Study

 

 

EXAMINATION QUESTION FORMAT

The questions for each subject shall consist of two sections:

 

Section A:  Shall comprise multiple-choice and short-answer questions. Questions in this section shall cover the entire area of the subject syllabus. All the questions in this section shall be compulsory. This section shall make up 40% of the total marks.

 

Section B:   Shall comprise more involving questions. Questions will carry equal marks. Candidates will be required to answer four out of six questions in this section. However, in subjects with cases, the case question will be compulsory. This section shall make up 60% of the total marks.

 

CREDIT SYSTEM

Candidates writing Foundation, Intermediate and Professional Examinations I will be CREDITED for every subject passed in the first instance and subsequently.

Candidates writing Professional Examination II are expected to pass at least two papers at the first sitting. Subsequently, the remaining two papers could be passed and credited at one paper per sitting.