The Institute of Chartered Accountants of Nigeria is rightfully considered one of the most authoritative educational institutions for obtaining professional skills and a special professional diploma of accountants. Almost every graduate who managed to finish ICAN stages and courses has a good chance of getting an excellent job in the best companies in Nigeria.
In fact, among companies that need chartered accountants in Nigeria, there is an implicit rule that an accountant cannot be considered a professional and get a job until he gets a diploma of a professional accountant from ICAN.
But at first, the candidate for admission to the ICAN will need to go through certain stages and pass a series of ICAN exams. Only then the candidate will be able to obtain the long-awaited diploma of a professional and chartered accountant.
As it was said above, the procedure of admission to the Institute of Chartered Accountants of Nigeria will be necessary for you to pass ICAN professional examination courses.
Stages for Accountant graduates
Accountant graduates should go through the two stages of ICAN exams and pass the ICAN skill level courses namely:
- Professional level
- A1.Financial Reporting
- A2.Performance Management
- A3.Public Sector Accounting and Finance
- A4.Management, Governance, and Ethics
- B1.Corporate Reporting
- B2.Advanced Audit and Assurance
- B3.Strategic Financial Management
- B4.Advanced Taxation
- B5.Case Study
Stages for Non-Accounting Graduates
They pass ICAN exams in three stages. The so-called: Knowledge, Skills and Professional.
- E1.Quantitative Techniques in Business
- E2.Business and Finance
- E3.Financial Accounting
- E4.Management Information
- E5.Business Law
- F1.Financial Reporting
- F2.Audit and Assurance
- F4.Performance Management
- F5.Public Sector Accounting and Finance
- F6.Management, Governance, and Ethics
- G1.Corporate Reporting
- G2.Advanced Audit and Assurance
- G3.Strategic Financial Management
- G4.Advanced Taxation
- G5.Case Study
Approximately ICAN professional courses for non-accounting graduates can be completed in 18 months.
The Institute of Chartered Accountants of Nigeria (ICAN) according to the decree of the Parliament, was established in 1965. The primary goal of the creation was the constant development of higher professional standards for accountants and candidates who are trained to work in this specialty.
The principle of ICAN's work is also based on a special register of all specialists who have been trained and become real professionals. This was done to ensure that graduates themselves and companies that hire employees could find out whether a particular candidate has the right to work in the accounting profession.
Over the years of its successful work, the Institute of Chartered Accountants of Nigeria has produced more than 38,000 professional and chartered accountants. After graduation from the ICAN courses in Nigeria, graduates have various employment opportunities. It can be, as a private or commercial sector, state bodies and the state companies.
Naturally, such opportunities for the choice of employment indicate the highest level of professionalism of graduates and the highest ranking among all professional courses in accounting in Nigeria. ICAN training courses are top-rated and highly ranked in Nigeria, that’s why lots of applicants take their chances on admission each year.
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