Monday, 25 April 2016

How To Register For ICAN Exam, The Cost, Numbers Of Papers To Write And Period

how to register for ican professional exam, how to register for ican exemption, how to register for ican exam, how to register for ican in nigeria, how to register ican online how to register for ican membership, how to register for ican exemption

Institute Of Chartered Accountant Of Nigeria, ICAN, is the most recognized Accounting professional body in Nigeria. It is widely recognized with his resourceful qualified professional members and students that are still on the process of becoming chartered Accountants. 


In practice, you are not yet an accountant until you sit for ICAN or other accounting professional examinations and passed all the prescribed examination, then been inducted by the authority of the Institute of Chartered Accountant of Nigeria before you get a professional license to practice.


Why Do I Need To Be A Chartered Accountants?


Overtime, the profession of Accounting has been known as one of the most reputable professions in the world. Due to so many reasons. Apart from it been a recognized profession, it is also a profession in which you can be a self employed individual. That is the beauty of an accountant.


 1. Global Recognition: With your accounting professional qualification, you can work anywhere as an accountant. You don't need to be tied down in a particular country because you felt your B.Sc or HND would not be accepted in another countries.

With accounting professional certification, you can practice anywhere and be recognized. No other career offers the mobility that a Chartered Accountancy's qualification does. Is that not good enough?

 2. Self Employ-ability: This is self explanatory. Chartered Accountants generally have a solid foundation in economics, marketing and management information systems.

In recent, Accountants  take on the role of a business advisor, aimed at driving business, improving profit margins and increasing market share for their clients/employers. Many Chartered Accountants also use their expertise to form their own businesses, becoming highly successful entrepreneurs.


The above points are just few among the reasons why you must be a Chartered Accountant. I will like to stop here, because that's actually not the reason for this post.


Read: List Of Accredited ICAN Center In South West Nigeria


Who Can Be A Chartered Accountant In Nigeria?


I want to be a chartered accountant but I studied Economics, Yoruba, IRS, Chemistry or some other courses entirely different from accountancy. Can I become a chartered accountant while am not an accounting student? Where will I start? Most of these questions will not stop coming from people who want to be a chartered but don't know how to go about it.


Let me first of all answer the question of who can be a chartered accountant.

The answer is EVERYBODY


Yes everybody can be a chartered accountant including you. Even medical doctors, lawyers, engineers, Islamists, Scientists, Technologists, I mean anybody who is interested. Even if you only have WAEC, NECO, NAPTEB or any other O' level certificate. 


Is that not good and simple enough?


So Now that You've Decided To Join And become A Chartered accountant, all you need to do is to read on and let me tell you what to do nest.



How To Become A Chartered Accountant In Nigeria?


This is simple. To become a chartered accountant in Nigeria, it is not a must that you study accounting in the university or polytechnics. To become a chartered accountant, you just need to write ICAN, ANAN, ACCA or other recognized Accounting Professional examinations in Nigeria.

Though, this post is about ICAN and ICAN alone. So I won't bother you with other professional bodies with this post. Is that cool?


Also am not to talk about people with less that first degree or HND, Am not talking of registration procedures for ATS here. Only for those who has graduated and want to become a chartered accountant in order not to mixed things up.



How To Registered For ICAN Profession Examination


I will make this very simple enough for you to understand. In order not to confuse you, I will separate this session into two. ICAN registration procedures for non accounting graduate/students, and Ican registration for accounting graduates/students.

Bus for the groups, the registration requirements are the same. So either you are an accounting students or not. ICAN Registration requirements is as below:



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 ICAN.

B. O level result with five credits passes.


 If you meet up with all of the above requirements, then you can quickly start your ICAN Registration following the below steps:
 
Note: This has nothing to do with your degree/HND's grade... Whether first class or third class, distinction or upper, lower, pass. Every graduate is qualified

Read: List Of Accredited ICAN Center In South East Nigeria


Steps To Register Yourself For ICAN

  1. Obtain PIN voucher from Zenith/Fidelity Bank
  2. Use the information on the PIN voucher to log-on ICAN website that would be written on the voucher you bought from the bank.
  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. Attach the following:
  • Original copy of the pin voucher
  • Two copies of signed/certified passport
  • Original copy of the bank teller

Package everything and send it down to ICAN head office in Lagos for consideration. The council will seat and consider your application. If your application is been granted, then you will be granted a student registration number. Which will always serve as your log in details and you will print out your registration certificate online.

The ICAN 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.

After the registration, ICAN may not contact you to inform you of your registration status. You need to keep checking their website or call their customer care to confirm. I made the mistake of waiting for too long during my registration. I was expecting a mail or call from their head office, but they never contacted me. Until I called their customer care who told me to check their website that I have been successfully registered.    

Let assumed Your Registration has been successful.

Accredited ICAN Center Recommended

You may not want to go through all the stress of registration, applying for exemption, knowing number of papers and finding a chartered accountant to sign, taking it to Lagos, finding reliable centers and all that. Contact, Deo-Gratias Professional Tutor on 08060053496. They will help you to handle all that.



If You Are A Non Accounting Students Who want To Write ICAN, you will start from Foundation. This means that you must pass through three stages to complete your professional career. The stages are:

1. Foundation: You will write Five(5) papers at this stage

2. Skills: You will write 6 papers here

3. Professional: You will be required to write five papers here too.



If You Are An Accounting Graduate In Nigeria Who want To Write ICAN

Your own is just two stages and you are not going to write more than 9 papers to become a chartered accountants. The two stages are:

1 Skills: Four papers 

2. Professional: Five papers. That's all. 


For you to write only nine papers, you will have to apply for exemption. The application for ICAN exemption is as simple as:

1. Go to ICAN Website under students and click on 'pay for exemption'

2. Fill the necessary form online and click on 'Pay button'

3. Make payment with your ATM card

4. Print Out Your receipt and exemption form.

5. Get a chartered accountant to sign your exemption form with all your documents

6. Attach all with your passport and send it to ICAN Head office in Lagos.

7. If your exemption is approved, they will remove all courses and leave you with only nine. Four at skills level, five at a professional level.



How Much Will It Cost You To Write ICAN And Complete It (rough estimate)


It all depends on the level you started and how expensive the tutorial center you attended is. The tutorial I used to attend was N30000 per diet. So for two diets, it means 60k.

Then exemption fee was N54, 500 or so. Registration and the stress up and down was N7400 paid in zenith bank to buy ICAN Voucher at the start of the registration.

I bought so many materials despite the fact that I was an accounting students in school with many textbooks, I still bought all The ICAN Parks and pathfinders. Let say all cost N25,000. 

Then you will pay for the examination fee in each diet. Which can roughly be estimated to N100,000 for both skills and professional exams. Also foundation will cost you additional 40k for non accounting students.

You will also pay yearly subscription of N4000. Depends on the numbers of year it takes you to complete it. Plus another N2000 fee which is payable only once not yearly. 

What all these rough estimate means is that it will cost you more as a non accounting student to write ICAN than accounting students.


How Many Papers Do I Write In Each ICAN Stages?

After knowing the rough estimate of what it will cost you to run an ICAN program in Nigeria, it is also important to know how many papers a graduate will write to become a chartered accountant for both accounting and none accounting graduate alike:


Accounting Graduate: Your exam is at two stages, skills and professional levels, below are the courses to offer:

Skills Level:
B1. Financial Reporting
B4. Performance Management
B5. Public Sector Accounting and Finance
B6. Management, Governance and Ethics


Professional Level
C1. Corporate Reporting
C2. Advanced Audit and Assurance
C3. Strategic Financial Management
C4. Advanced Taxation
C5. Case Study


All these can be written in just two diet. That's a year. All depends on you.

ICAN Papers For Non- Accounting Graduates

Your exam is in three stages, below are the papers to write as a non-accounting graduate who is interested in ICAN in Nigeria:

Foundation Level
A1. Quantitative Techniques in Business
A2. Business and Finance
A3. Financial Accounting
A4. Management Information
A5. Business Law

 

Skills Level:
B1. Financial Reporting
B2. Audit and Assurance
B3. Taxation
B4. Performance Management
B5. Public Sector Accounting and Finance
B6. Management, Governance and Ethics



Professional Level
C1. Corporate Reporting
C2. Advanced Audit and Assurance
C3. Strategic Financial Management
C4. Advanced Taxation
C5. Case Study

All these can be completed within a year and half which is three diets.

How Long Will It Take You To Write ICAN?


You may want to know how many years would it take you to complete ICAN EXAM and become a chartered accountant in Nigeria.

It depends on how serious you are about it and how fast you are able to pass your exams. But the minimum time you can use to complete your ICAN Exam is one year for an accounting student. Non Accounting students is one years and half. 

Exam is every May and November in a year. The arrangement is that, you will write one stage in one diet. If you are able to pass all.

The maximum period to write your exam is 10years. If not, ICAN will withdraw the studentship of such student.


What else do you need to know about ICAN?

Ask us by using the comment box.  

49 comments:

  1. When is the next registration for ATS

    ReplyDelete
    Replies
    1. Registration is anytime of the year. So you can do it now.

      Delete
  2. Sir, that's was very enlighten, I want to register for ICAN as a non accounting student.. when can I start registration?? You can contact me via call, text or whatsapp: 08068384337

    ReplyDelete
    Replies
    1. Registration is throughout the year. Though exam is May and November every year. So you can get yourself registered right away.

      Delete
  3. is it possible i serve (NYSC) and write my ICAN exam in the same year

    ReplyDelete
    Replies
    1. Yeah... That is even the best advice. You can finish it in one year if you start as a Skills candidate.

      Delete
  4. Hello there! Will be sitting for the May 2017 diet exams, Foundation. Is it possible to register and apply for exemption concurrently? Or do I have to get my studentship approved first before I can apply for exemption?

    ReplyDelete
    Replies
    1. Good to hear you wanna start this MAY. You can only apply for exemption after a successful studentship registration. it does'nt take long.

      Delete
  5. Enter your comment... I'm a serving corp member posted to ondo state. I want to write 2 out of the 4 papers in skills in may and i need your advise on the best combination of papers. There's no ICAN tutorial centre in the town I've been posted to which means I've to do a personal study. Please advise me,sir

    ReplyDelete
  6. I'm a serving corp member posted to ondo state. I want to write 2 out of the 4 papers in skills in may and i need your advise on the best combination of papers. There's no ICAN tutorial centre in the town I've been posted to which means I've to do a personal study. Please advise me,sir

    ReplyDelete
    Replies
    1. Attending lecture is very helpful. If you don't have the means to attend lecture, I advice you to take Public sector accounting and Management governance and ethics. The papers are much of writing and simple calculations. Later you can take the other two.

      Delete
  7. Hello, please i want to know if there is any study center in Uyo, Akwa Ibom State.

    ReplyDelete
  8. Please what do I need to register, I need to do this ICAN this year. I have B.sc in Accounting from university of Benin
    Please you can avail me you number

    ReplyDelete
    Replies
    1. Just your credentials. To make it easy, kindly engage any Ican tuition center around you, to handle the reg for you, because you will need a chartered accountant to sign for you.

      Delete
    2. Hello,please does the chartered accountant have to sign physically? I mean can't a scanned signature be sent to me and pasted on the form? Also, will he have to sign on each of my photocopied credentials?

      Delete
  9. As a finance graduate can I apply for exemption

    ReplyDelete
    Replies
    1. Yes... You will get some exception to start a foundation level.

      Delete
  10. i graduated with bsc accounting edu from university of ado-ekiti Wat stage will enroll for and hw many paper will i be exempted from

    ReplyDelete
  11. hello. I am still in the university studying finance at unilag. I am interested in this Ican exam. when will I be able to register for the exam? is it out already or so? and can I register with just my waec result? thanks

    ReplyDelete
    Replies
    1. You can start with just waec. Just go for ATS. You can register Ican with your secondary school certificate.

      Delete
  12. Please sir,can a third class Bsc holder in accounting,get an exemption into the skills level? Or wil he have to start from the foundation level?please i need your response tanks.

    ReplyDelete
    Replies
    1. Your grade does'nt matter. You will start from skills

      Delete
  13. Please Sir,can a ICAN holder proceed straight to masters degree even after havin a third class BSC in accounting?will he also need to do a PGD?

    ReplyDelete
  14. Am a prospective Corp Member and a graduate of accounting. I have requested my Transcript be sent to ICAN. Should I register online now or wait?

    ReplyDelete
  15. Pls, should I register before sending my Transcript to ICAN?

    ReplyDelete
    Replies
    1. Its after registration that you would be required to send your ICAN registration form and credentials to ICAN office. I don't think transcript is even required.

      Delete
  16. I'm an undergraduate of accountancy. pls is it wise to apply for ATS or wait until after graduating to apply for ICAN?

    ReplyDelete
    Replies
    1. The earlier the better. If you have the financial capability, I advised you to go for ATS as an undergraduate.

      Delete
  17. Do you by any means know on what ground can an Ican registration be rejected?

    ReplyDelete
    Replies
    1. When you are not qualified, submitted an incomplete documents, or did not fill your form properly.

      Though in most cases, your registration might have been approved without any feedback from ICAN. Try their helpline.

      Delete
  18. How much should I pay at the bank for the registration?

    ReplyDelete
    Replies
    1. Kindly go to Zenith bank for the exact amount. Though, it is less than 10,000naira

      Delete
  19. i graduated as an accountant and want to write ican must i pay for the skill and professional at the time, can't i pay for the skill and write first then next year i can pay for the professional , if i cant afford d fee at a go

    ReplyDelete
    Replies
    1. NO... You register, and pay for skills papers in one diet, if you passed them, you progress to Professional and pay.

      Delete
  20. i graudated as an accountatnt can i pay bit by bit to write the exam. i want to write the skill level, i can pay just for the skill and pay for the professional skill next year to write it too

    ReplyDelete
  21. I am a graduate of Accounting Education from Ambrose Alli University, Ekpoma and I intend to register for ICAN May 2017 diet. Which courses will I write, which will I be exempted from and which stage should I enroll for? Thanks.

    ReplyDelete
    Replies
    1. You are a non-accounting graduate. Kindly read the article again, your courses and stage to startare there.

      Delete
  22. Hello Sir,I just started the registration process.i want to write the May 2017diet.i'm a serving Accounting graduate. I have filled the application form and provided the membership number and name of a chartered accountant and submitted.the problem is he is states away from me so I can't physically get his signature,except its scanned to me. Please,can u advice on what I can do? Thanks

    ReplyDelete
    Replies
    1. You need to forward it to him, let him sign and return it back to you. He can't scan his signature to you.

      Delete
  23. has an ND holder and want to start my ican when will i register and how

    ReplyDelete
  24. I'm currently a final year student of economics,and I intend taking the form soon,will I start from the Foundation level?? If yes,what is the estimated amount to be spent in the Foundation stage?

    ReplyDelete
    Replies
    1. You are not yet a graduate of economics, so you can't be eligible to start from Foundation until you graduate. So if you wanna start now, then it will be ATS using your ssce.

      Delete
  25. I'm a serving corper in ogun state,ikenne to be precise.I've known about Ican since my undergraduate days and have always been looking forward to doing it during my serve year but the problem now is getting a very good tuition here because I want to complete everything within a year(Gods willing). So pls sir,do you perhaps know a good coaching centre close to ikenne in ogun state where I can enrol for d training?

    ReplyDelete
    Replies
    1. Ok. I recommend Deo Gratias Professional tutor. Call them on 08060053496.

      Delete
  26. Pls, in the course of registeration, do I need to pay for my exemption before I start the registration or I register first den apply for exemption later after feedback from ican?

    ReplyDelete
    Replies
    1. Later after feed back from ICAN when your registration must have been approved.

      Delete


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