Nairaland Forum

Welcome, Guest: Join Nairaland / Login / Trending / Recent / New
Stats: 1259132 members, 1700054 topics. Date: Friday, 24 October 2014 at 08:01 AM

ICAN Stops Direct Conversion Of Foreign Qualifications - Career (1) - Nairaland

Nairaland Forum / Nairaland / General / Career / ICAN Stops Direct Conversion Of Foreign Qualifications (6531 Views)

What Qualifications Do You Need To Become An Air Hostess? / Hope For Hnd Holders, Hnd / Bsc Conversion Programme / Show Off Your Qualifications Here (1) (2) (3) (4)

(0) (1) (2) (Reply) (Go Down)

Re: ICAN Stops Direct Conversion Of Foreign Qualifications by Krucifax(m): 2:32pm On Nov 09, 2012
Bros u wicked ooo..lol!

clemmonce: bros easy on the english tinz. the bomb much. next time use your native language or dont comment just observe.

Re: ICAN Stops Direct Conversion Of Foreign Qualifications by Jarus(m): 2:36pm On Nov 09, 2012
Long overdue. As an ICAN holder I am writing 5 papers to be ACCA-qualified, but ACCA holders dont write anything before getting ICAN certificate.
Re: ICAN Stops Direct Conversion Of Foreign Qualifications by OmoTier1(m): 2:51pm On Nov 09, 2012
I think in this day and age where institutions of different countries are aligning themselves to breach the divide, ICAN is retreating into the dark! Like Engineering, Accounting is a global practice with very minor domestication, hence, there is no need whatsoever to forbid foreign trained Accountants with ACCA, etc from seeking automatic membership of ICAN, if truly ICAN follows the same global standards of practice in Banking, of course we know they do not, hence the reason most foreign banking institutes do not allow automatic conversion of ICAN's certificate.

They better learn a lesson from COREN...

1 Like

Re: ICAN Stops Direct Conversion Of Foreign Qualifications by walexy(m): 2:52pm On Nov 09, 2012
Jarus: Long overdue. As an ICAN holder I am writing 5 papers to be ACCA-qualified, but ACCA holders dont write anything before getting ICAN certificate.

Same here.. A nice decision by ICAN
Re: ICAN Stops Direct Conversion Of Foreign Qualifications by contra: 3:14pm On Nov 09, 2012
Omo_Tier1: I think in this day and age where institutions of different countries are aligning themselves to breach the divide, ICAN is retreating into the dark! Like Engineering, Accounting is a global practice with very minor domestication, hence, there is no need whatsoever to forbid foreign trained Accountants with ACCA, etc from seeking automatic membership of ICAN, if truly ICAN follows the same global standards of practice in Banking, of course we know they do not, hence the reason most foreign banking institutes do not allow automatic conversion of ICAN's certificate.

They better learn a lesson from COREN...

i think you should get ur facts right b4 making concluding remarks abt what you don't have any idea of...ICAN is a member of IFAC and observes the same global practice governing the preparation and presentation of financial statement(for every sector... not just banking)...what has been happening b4 now is that Acca qualified professionals just attend a week seminar and they're given ICAN certificate but ICAN professionals have to write as many as 5 papers to get Acca's certificate. This practise has made potential ICAN students to opt for Acca since they can always come back to get the iCAN certificate for 'free'.
Re: ICAN Stops Direct Conversion Of Foreign Qualifications by estyvino(m): 3:20pm On Nov 09, 2012
It is a nice decision
Re: ICAN Stops Direct Conversion Of Foreign Qualifications by Mbuko91(m): 3:21pm On Nov 09, 2012
clemmonce: bros easy on the english tinz. the bomb much. next time use your native language or dont comment just observe.
are you sure this post isn't a foreign language to him?
Re: ICAN Stops Direct Conversion Of Foreign Qualifications by contra: 3:29pm On Nov 09, 2012
la furia: me just they read thread no understand anaything. i know ICAN as an accounting body sha. i dey hail una.
ICAN is one of the accounting bodies in Nigeria that regulates and certifies its members, it's also involves in continues training of its members on new development in the field of accounting. It's the only accounting body in Nigeria that's recognised by IFAC (the body that regulates the preparation and presentation of accounting information worldwide). ICAN conducts exams every year for its professional students in May and November. It also embark on continues professional education for its members as well...you can visit www.ican-ngr.org for more information.
Re: ICAN Stops Direct Conversion Of Foreign Qualifications by omowolewa: 3:30pm On Nov 09, 2012
That really good,let see how it goes.

You can't imagine the sound of claps that followed that statement at the induction venue.

ANAN ke?!
Re: ICAN Stops Direct Conversion Of Foreign Qualifications by Scubs: 3:30pm On Nov 09, 2012
[color=#000099]
Omo_Tier1: I think in this day and age where institutions of different countries are aligning themselves to breach the divide, ICAN is retreating into the dark! Like Engineering, Accounting is a global practice with very minor domestication, hence, there is no need whatsoever to forbid foreign trained Accountants with ACCA, etc from seeking automatic membership of ICAN, if truly ICAN follows the same global standards of practice in Banking, of course we know they do not, hence the reason most foreign banking institutes do not allow automatic conversion of ICAN's certificate.

They better learn a lesson from COREN...
[quote]

it is best to keep quite when you don't have an idea about what is been discussed, because making such comments (just like the 1 u made) would only show ignorance and stwepidety angry angry angry angry
Re: ICAN Stops Direct Conversion Of Foreign Qualifications by baumolina(m): 3:47pm On Nov 09, 2012
Omo_Tier1: I think in this day and age where institutions of different countries are aligning themselves to breach the divide, ICAN is retreating into the dark! Like Engineering, Accounting is a global practice with very minor domestication, hence, there is no need whatsoever to forbid foreign trained Accountants with ACCA, etc from seeking automatic membership of ICAN, if truly ICAN follows the same global standards of practice in Banking, of course we know they do not, hence the reason most foreign banking institutes do not allow automatic conversion of ICAN's certificate.

They better learn a lesson from COREN...

Have you taken your drugs or you took the one you are supposed to take in the evening now?Please do next time before commenting on any thread..otherwise your account will be suspended..lol

Thank you ICAN

1 Like

Re: ICAN Stops Direct Conversion Of Foreign Qualifications by sharpman1(m): 3:52pm On Nov 09, 2012
contra:
i think you should get ur facts right b4 making concluding remarks abt what you don't have any idea of...ICAN is a member of IFAC and observes the same global practice governing the preparation and presentation of financial statement(for every sector... not just banking)...what has been happening b4 now is that Acca qualified professionals just attend 2weeks seminar and they're given ICAN certificate but ICAN professionals have to write as many as 5 papers to get Acca's certificate. This practise has made potential ICAN students to opt for Acca since they can always come back to get the iCAN certificate for 'free'.

For free?

Do you know how much your institute collected from me to attend that 5 day seminar?
Re: ICAN Stops Direct Conversion Of Foreign Qualifications by tohirah(f): 4:11pm On Nov 09, 2012
sharp man:

For free?

Do you know how much your institute collected from me to attend that 5 day seminar?
not talking abt the financial aspect,but the intellectual aspect
Re: ICAN Stops Direct Conversion Of Foreign Qualifications by contra: 4:11pm On Nov 09, 2012
sharp man:

For free?

Do you know how much your institute collected from me to attend that 5 day seminar?
considering the time and money it takes for an ICAN member to write Acca, its very Free!!!

1 Like

Re: ICAN Stops Direct Conversion Of Foreign Qualifications by Caracta(f): 4:22pm On Nov 09, 2012
Nice. We'll get 'there'
Re: ICAN Stops Direct Conversion Of Foreign Qualifications by sharpman1(m): 4:23pm On Nov 09, 2012
tohirah: not talking abt the financial aspect,but the intellectual aspect

Don't mind me o.....i actually got his point. I was only trying to be cheeky.

I understand what ICAN is trying to do.......but its clearly from a bitter point of view as against a well thought out point of view. They are losing students and they need to protect their interest.

2 Likes

Re: ICAN Stops Direct Conversion Of Foreign Qualifications by crispgg: 4:32pm On Nov 09, 2012
hopeyemmy:

Until ANAN becomes a member of IFAC, there is no way ACCA will form a partnership with ANAN.

Actually, I don't know how these things work. But it might not be a partnership thing. ANAN can decide on its own to grant membership to holders of the ACCA qualification. All these other accounting bodies are bent on chipping away at the dominance of ICAN and I don't see any reason why they can't make this move as a strategic way of getting at ICAN. I actually heard that when ANAN was formed, in order to quickly gain a foothold, they granted all those senior accountants with years of experience at government institutions who had given up on getting ICAN qualified membership. This enabled them to quickly get government recognition and I believe that is why they are still standing today.
Re: ICAN Stops Direct Conversion Of Foreign Qualifications by contra: 4:33pm On Nov 09, 2012
sharp man:

For free?

Do you know how much your institute collected from me to attend that 5 day seminar?
ehn...how much did our institute collect from you? grin
Re: ICAN Stops Direct Conversion Of Foreign Qualifications by planetuzor(m): 5:37pm On Nov 09, 2012
Guys is this true. Somebody said with your ICAN qualified certificate you can just do a direct entry straight to a 300level federal university. . How true is this?
Re: ICAN Stops Direct Conversion Of Foreign Qualifications by Chizua(m): 6:05pm On Nov 09, 2012
debo salau: ACCA is better dan ICAN. Dts sumtin we should nt doubt. ICAN members are allowd to write ACCA exams from d professional module. Where will an ACCA member start from wit d calibre of dt qualification.

From same professional level, as both are now guided by same international standard (IFRS)
 
Re: ICAN Stops Direct Conversion Of Foreign Qualifications by Nobody: 8:56pm On Nov 09, 2012
crispgg:

Actually, I don't know how these things work. But it might not be a partnership thing. ANAN can decide on its own to grant membership to holders of the ACCA qualification. All these other accounting bodies are bent on chipping away at the dominance of ICAN and I don't see any reason why they can't make this move as a strategic way of getting at ICAN. I actually heard that when ANAN was formed, in order to quickly gain a foothold, they granted all those senior accountants with years of experience at government institutions who had given up on getting ICAN qualified membership. This enabled them to quickly get government recognition and I believe that is why they are still standing today.


There is no potential gain an ACCA holder will get from applying for ANAN membership. Why go backward, when u can go forward? Until ANAN becomes a member of IFAC, no member of ANAN can practise as an Auditor, the only reason ACCA holders apply for ICAN membership.
Re: ICAN Stops Direct Conversion Of Foreign Qualifications by 360command: 9:21pm On Nov 09, 2012
clemmonce: bros easy on the english tinz. the bomb much. next time use your native language or dont comment just observe.


Lol! Guy u funny gan . U don make me laf tire. I give u 1 like sha
Re: ICAN Stops Direct Conversion Of Foreign Qualifications by Nobody: 9:33pm On Nov 09, 2012
planetuzor: Guys is this true. Somebody said with your ICAN qualified certificate you can just do a direct entry straight to a 300level federal university. . How true is this?

It's 200 level, not 300 level. Either ACA or AAT.
Re: ICAN Stops Direct Conversion Of Foreign Qualifications by contra: 9:42pm On Nov 09, 2012
hopeyemmy:


There is no potential gain an ACCA holder will get from applying for ANAN membership. Why go backward, when u can go forward? Until ANAN becomes a member of IFAC, no member of ANAN can practise as an Auditor, the only reason ACCA holders apply for ICAN membership.
Wrong!!! ANAN members can be auditors...they're not very popular. Most private sector companies prefer ICAN auditor because they believe they are 'better'. ANAN auditor are more popular in the public sector
Re: ICAN Stops Direct Conversion Of Foreign Qualifications by Nobody: 10:14pm On Nov 09, 2012
contra:
Wrong!!! ANAN members can be auditors...they're not very popular. Most private sector companies prefer ICAN auditor because they believe they are 'better'. ANAN auditor are more popular in the public sector

I bet you mean internal auditors, who perform auxiliary functions, not external(statutory and independent) auditors as it requires the seal of ICAN for any audited financial report to be accepted. If you say ANAN members can function as Auditors, what then is the implication of their exclusion from IFAC membership?
Re: ICAN Stops Direct Conversion Of Foreign Qualifications by Ufeolorun(m): 11:37pm On Nov 09, 2012
hopeyemmy:

I bet you mean internal auditors, who perform auxiliary functions, not external(statutory and independent) auditors as it requires the seal of ICAN for any audit report to be accepted. If you say ANAN members can function as Auditors, what then is the implication of their exclusion from IFAC membership?
listen to the poster above, hes very right as long as Nigerian law allows ANNAN qualified accountants to do external audit,it has nothing to do with IFAC recognition.All i need to do is join ANNAN just for the practising certificates,my acca certificates provide the credibility i need to function.IFAC is basically a well recognised international association and they do not issue IFRS. but code of conducts mainly for auditors;they issue the ISAs on audit through IAASB.
Its a good move for ICAN , they need to give some more credibility to the professional body and build a fort against the rampaging onslaught of ACCA but it wont be enough.What has happened to the big audit misfiring that has been going on for so long in the country,ICAN cant always pretend nothing is happening,members must made to always uphold the ethics and sanctity of the profession :where are the auditors who audited the collapsed banks? what happened to them? credibility is the key word here not politics of survival.
On the academic side we cant function well without knowledge of the Nigerian tax laws and the gaap

2 Likes

Re: ICAN Stops Direct Conversion Of Foreign Qualifications by Jarus(m): 7:13am On Nov 10, 2012
Omo_Tier1: I think in this day and age where institutions of different countries are aligning themselves to breach the divide, ICAN is retreating into the dark! Like Engineering, Accounting is a global practice with very minor domestication, hence, there is no need whatsoever to forbid foreign trained Accountants with ACCA, etc from seeking automatic membership of ICAN, if truly ICAN follows the same global standards of practice in Banking, of course we know they do not, hence the reason most foreign banking institutes do not allow automatic conversion of ICAN's certificate.

They better learn a lesson from COREN...

It is 'retreating to the dark' for ICAN to make ACCA holders write exams before admitting them into their folds, but it is not, for ACCA doing same to ICAN holders? Abi?

1 Like

Re: ICAN Stops Direct Conversion Of Foreign Qualifications by ajanaku2(m): 7:18am On Nov 10, 2012
I'm fuc'kin' proud to be an ICAN-qualified Chartered Accountant!...If you think say e easy, try writing P.E 1...just P.E1!...You go fear Group Accounts in F.A na!...Where a Subsidiary has its own Subsidiary...You go taya!...grin grin grin
Re: ICAN Stops Direct Conversion Of Foreign Qualifications by ebenezer4o2(m): 7:39am On Nov 10, 2012
I've since been expecting such move...there should b no going back nor compromise in anyway.Ain't we doing same over there also? smiley[color=#990000][/color]
Re: ICAN Stops Direct Conversion Of Foreign Qualifications by kemifemi: 7:55am On Nov 10, 2012
ajanaku2: I'm fuc'kin' proud to be an ICAN-qualified Chartered Accountant!...If you think say e easy, try writing P.E 1...just P.E1!...You go fear Group Accounts in F.A na!...Where a Subsidiary has its own Subsidiary...You go taya!...grin grin grin


Lolzzz! its not moin-moin o! Wrote SFM 4 times before I qualified. Only SFM o . Passed others @ first sittings.I almost gave up but ...I passed
Re: ICAN Stops Direct Conversion Of Foreign Qualifications by Mustay(m): 5:11pm On Nov 10, 2012
Ayorinde S: It is a welcome idea. Since the foreign professionasl does not allow ACA direct membership why does they need to be given easy access to ACA.

You have to first ask yourself why you're writing some ACCA papers as an ACA. There are some UK schools where their MSc in finance itself doesn't grant them exemption for more than 1 - 4 papers whilst some university graduates are granted exemption for 9 ACCA papers.

It's not a matter of beef but standards - what ACCA does is to compare the syllabi and see the areas that have been sufficiently covered to grant you exemption.

Why do you think completing the fundamdentals part of ACCA enables you to write the Oxford Brookes BSc project? The ACCA qualification is recognised at least, as being equivalent to a UK degree. It qualifies you as a Registered Auditor in the UK because ACCA is a RSB.


Jarus: Long overdue. As an ICAN holder I am writing 5 papers to be ACCA-qualified, but ACCA holders dont write anything before getting ICAN certificate.

Similarly, completing the professional level equates to a master's degrees in the UK. It also has some masters degree status, etc depending on the country. In Pakistan for example, it's equal to M.Comm

And I know those who'll want to yimu and take it up especially when it gets to the Msc -ish to simply visit accaglobal.com

(0) (1) (2) (Reply)

In One Sentence Describe Your Boss. / Ericsson Moves To Sack Nigerian Employees, Hire Indians As Replacement / Maths Or Economics: Which Is Better For Nigerian Job Market?

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (0) (1) (2) (3) (4) (5) (6) (7) (8) (9)

Nairaland - Copyright © 2005 - 2014 Oluwaseun Osewa. All rights reserved. See Nairalist and How To Advertise. 87
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.