You need to put the following factors into consideration before opting for either one

1. Prestige/Recognition: ACCA is recognised all over the world except in a few countries like canada and the US. ICAN is more recognised than ACCA in Nigeria. ICAN is preferred in the Nigerian setting. You could settle for ICAN if you do not pan to work outside Nigeria, most especially if you have plans of setting up your own consultancy firm. Only people that qualified with ICAN are allowed by law to practise in Nigeria.

2. Cost: ACCA is far more expensive than ICAN. The current exchange rate is not helping matters. Each ACCA paper now goes for about 32K!!!. ICAN is relatively cheaper. The annual subscription for ACCA is now about 30K for students and 70K for members. ICAN is definitely preferable in terms of cost.

3.Flexibility/Results: ACCA exams are more flexible. They have increased the number of sittings in a year to 4(March, June, September and December). ICAN exams are written in only May and November. ACCA students already know the date results would be released even before writing the exams, while ICAN students need to speculate. ACCA is far more organised in this regard.

4. Entry Point: Non accounting graduates start ACCA from the scratch. Accounting graduates are given exemptions in four papers. Non-accounting students also start ICAN from the scratch except for some courses that get exemption in paper A1(Quantitative techniques in business). People that qualified under ICAN need to write 5 papers under ACCA, while ACCA peeps need to write only advanced taxation, business law and PSAF.

5. Venue for Exams: ACCA is written in only major cities in Nigeria while ICAN is written in almost every state. The venues for ACCA exams are more conducive than those of ICAN. ACCA students write their exams under tight AC in event centres and hotels, unlike ICAN.

6. Toughness/Difficulty: Many ICAN students think ACCA is very easy. They are wrong! ACCA syllabuses are more robust. Their exams are extremely time pressured. Many people get stuck at some stages. Nevertheless, ACCA exams are easier to pass. This is because the examiners are more lenient. They do not penalise candidates for doing the wrong thing more than once. If a wrong figure is used consistently and correctly in further analysis, the candidate would not be penalised further for the earlier mistake made. I think this is where ICAN is missing it. Passing ICAN is more about luck and grace and not just about the level of preparation or brilliancy. ACCA exams on the other hand are passed by brilliant and diligent students that cover every inch of the syllabus.

http://ng-books..com/2015/07/acca-vs-ican.html

cc: Lalasticlala jarus ednut1 ishilove

i really agree with you Op. Most pple just think that ACCA is beans. They are wrong!

[quote author=sureguy02 post=36192130]You need to put the following factors into consideration before opting for either one

1. Prestige/Recognition: ACCA is recognised all over the world except in a few countries like canada and the US. ICAN is more recognised than ACCA in Nigeria. ICAN is preferred in the Nigerian setting. You could settle for ICAN if you do not pan to work outside Nigeria, most especially if you have plans of setting up your own consultancy firm. Only people that qualified with ICAN are allowed by law to practise in Nigeria.

2. Cost: ACCA is far more expensive than ICAN. The current exchange rate is not helping matters. Each ACCA paper now goes for about 32K!!!. ICAN is relatively cheaper. The annual subscription for ACCA is now about 30K for students and 70K for members. ICAN is definitely preferable in terms of cost.

3.Flexibility/Results: ACCA exams are more flexible. They have increased the number of sittings in a year to 4(March, June, September and December). ICAN exams are written in only May and November. ACCA students already know the date results would be released even before writing the exams, while ICAN students need to speculate. ACCA is far more organised in this regard.

4. Entry Point: Non accounting graduates start ACCA from the scratch. Accounting graduates are given exemptions in four papers. Non-accounting students also start ICAN from the scratch except for some courses that get exemption in paper A1(Quantitative techniques in business). People that qualified under ICAN need to write 5 papers under ACCA, while ACCA peeps need to write only advanced taxation, business law and PSAF.

5. Venue for Exams: ACCA is written in only major cities in Nigeria while ICAN is written in almost every state. The venues for ACCA exams are more conducive than those of ICAN.

6. Toughness/Difficulty: Many ICAN students think ACCA is very easy. They are wrong! ACCA syllabuses are more robust. Their exams are extremely time pressured. Many people get stuck at some stages. Nevertheless, ACCA exams are easier to pass. This is because the examiners are more lenient. They do not penalise candidates for doing the wrong thing more than once. If a wrong figure is used consistently and correctly in further analysis, the candidate would not be penalised further for the earlier mistake made. I think this is where ICAN is missing it. Passing ICAN is more about luck and grace and not just about the level of preparation or brilliancy. ACCA exams on the other hand are passed by brilliant and diligent students that cover every inch of the syllabus.

http://ng-books..com/2015/07/acca-vs-ican.html[/quotenn] OP.. you are 100% correct no 6.. passing ICAN is by luck and grace not by how brilliant and diligent u are ...

[quote author=ufotty2001 post=36228925][/quote]

Yes oooo. Some peeps have been writing ican exams since 2007, and there is no end in sight

sureguy02:
You need to put the following factors into consideration before opting for either one

1. Prestige/Recognition: ACCA is recognised all over the world except in a few countries like canada and the US. ICAN is more recognised than ACCA in Nigeria. ICAN is preferred in the Nigerian setting. You could settle for ICAN if you do not pan to work outside Nigeria, most especially if you have plans of setting up your own consultancy firm. Only people that qualified with ICAN are allowed by law to practise in Nigeria.

2. Cost: ACCA is far more expensive than ICAN. The current exchange rate is not helping matters. Each ACCA paper now goes for about 32K!!!. ICAN is relatively cheaper. The annual subscription for ACCA is now about 30K for students and 70K for members. ICAN is definitely preferable in terms of cost.

3.Flexibility/Results: ACCA exams are more flexible. They have increased the number of sittings in a year to 4(March, June, September and December). ICAN exams are written in only May and November. ACCA students already know the date results would be released even before writing the exams, while ICAN students need to speculate. ACCA is far more organised in this regard.

4. Entry Point: Non accounting graduates start ACCA from the scratch. Accounting graduates are given exemptions in four papers. Non-accounting students also start ICAN from the scratch except for some courses that get exemption in paper A1(Quantitative techniques in business). People that qualified under ICAN need to write 5 papers under ACCA, while ACCA peeps need to write only advanced taxation, business law and PSAF.

5. Venue for Exams: ACCA is written in only major cities in Nigeria while ICAN is written in almost every state. The venues for ACCA exams are more conducive than those of ICAN. ACCA students write their exams under tight AC in event centres and hotels, unlike ICAN.

6. Toughness/Difficulty: Many ICAN students think ACCA is very easy. They are wrong! ACCA syllabuses are more robust. Their exams are extremely time pressured. Many people get stuck at some stages. Nevertheless, ACCA exams are easier to pass. This is because the examiners are more lenient. They do not penalise candidates for doing the wrong thing more than once. If a wrong figure is used consistently and correctly in further analysis, the candidate would not be penalised further for the earlier mistake made. I think this is where ICAN is missing it. Passing ICAN is more about luck and grace and not just about the level of preparation or brilliancy. ACCA exams on the other hand are passed by brilliant and diligent students that cover every inch of the syllabus.

http://ng-books..com/2015/07/acca-vs-ican.html

pls I have the ATS certificate, which do you think will be preferable to proceed to. looking especially at the cost.

A fair analysis.. you are right.

ACCA is tough and highly intense but more globally recognised.

hmmmm, nting stops one from writing both na. bt guy ur bias is obvious

profem1:

pls I have the ATS certificate, which do you think will be preferable to proceed to. looking especially at the cost.

Since you already have the ats certificate, the logical choice is ICAN. ICAN is also much cheaper than ACCA.

Go for ICAN bro

I don't thik point 5 is absolutely correct. ICAN exams are also held under tight AC in conducive hotels and events centres.

sureguy02:
You need to put the following factors into consideration before opting for either one

1. Prestige/Recognition: ACCA is recognised all over the world except in a few countries like canada and the US. ICAN is more recognised than ACCA in Nigeria. ICAN is preferred in the Nigerian setting. You could settle for ICAN if you do not pan to work outside Nigeria, most especially if you have plans of setting up your own consultancy firm. Only people that qualified with ICAN are allowed by law to practise in Nigeria.

2. Cost: ACCA is far more expensive than ICAN. The current exchange rate is not helping matters. Each ACCA paper now goes for about 32K!!!. ICAN is relatively cheaper. The annual subscription for ACCA is now about 30K for students and 70K for members. ICAN is definitely preferable in terms of cost.

3.Flexibility/Results: ACCA exams are more flexible. They have increased the number of sittings in a year to 4(March, June, September and December). ICAN exams are written in only May and November. ACCA students already know the date results would be released even before writing the exams, while ICAN students need to speculate. ACCA is far more organised in this regard.

4. Entry Point: Non accounting graduates start ACCA from the scratch. Accounting graduates are given exemptions in four papers. Non-accounting students also start ICAN from the scratch except for some courses that get exemption in paper A1(Quantitative techniques in business). People that qualified under ICAN need to write 5 papers under ACCA, while ACCA peeps need to write only advanced taxation, business law and PSAF.

5. Venue for Exams: ACCA is written in only major cities in Nigeria while ICAN is written in almost every state. The venues for ACCA exams are more conducive than those of ICAN. ACCA students write their exams under tight AC in event centres and hotels, unlike ICAN.

6. Toughness/Difficulty: Many ICAN students think ACCA is very easy. They are wrong! ACCA syllabuses are more robust. Their exams are extremely time pressured. Many people get stuck at some stages. Nevertheless, ACCA exams are easier to pass. This is because the examiners are more lenient. They do not penalise candidates for doing the wrong thing more than once. If a wrong figure is used consistently and correctly in further analysis, the candidate would not be penalised further for the earlier mistake made. I think this is where ICAN is missing it. Passing ICAN is more about luck and grace and not just about the level of preparation or brilliancy. ACCA exams on the other hand are passed by brilliant and diligent students that cover every inch of the syllabus.

http://ng-books..com/2015/07/acca-vs-ican.html

DaMaster:
I don't thik point 5 is absolutely correct. ICAN exams are also held under tight AC in conducive hotels and events centres.

That must be a recent development. I guess it was started this year. They have always used schools

@Op what exemptions does one get with an ATS certificate?

juicebox:
@Op what exemptions does one get with an ATS certificate?

You should get exemptions in the following:
1.Quantitative Techniques in Business
2. Business and Finance
3. Financial Accounting
4. Management Information
5. Business Law
6. Audit and Assurance
7. Taxation

Can you post the current rates used in Acca registeration, exepmption and for exams.. also, is the annual fee separate from all these fees

haibe:
Can you post the current rates used in Acca registeration, exepmption and for exams.. also, is the annual fee separate from all these fees

For initial registration - £79
Annual Subscription(to be paid yearly - £83


For Exams in September and December 2015
It depends on the level you are and how quickly you pay

1. Knowledge F1, F2, F3 Early-£71 Standard-£76 Late-£231
2. Skills F4, F5, F6, F7, F8, F9 Early-£90 Standard-£96 Late-£252
3. Professional P1, P2, P3 and any two from: P4, P5, P6, P7 Early-£103 Standard-£111 Late-£266

For Exemptions: It depends on the number of papers you were exempted from

Cc: sureguy02

sureguy02:


For initial registration - £79
Annual Subscription(to be paid yearly - £83


For Exams in September and December 2015
It depends on the level you are and how quickly you pay

1. Knowledge F1, F2, F3 Early-£71 Standard-£76 Late-£231
2. Skills F4, F5, F6, F7, F8, F9 Early-£90 Standard-£96 Late-£252
3. Professional P1, P2, P3 and any two from: P4, P5, P6, P7 Early-£103 Standard-£111 Late-£266

For Exemptions: It depends on the number of papers you were exempted from

I saw this for initial rregistration and annual subscription under Nigeria price list as against what is in ur post and the initial prices page on acca website. . Which one will I consider no

haibe:
assuming I am exempted from F1 to F4, how much will I be paying. .

Thanks a lot for ur help

You will pay a total of £303.

The break down is as follows:

Paper F1-F3 - £71 X 3 = £213
Paper F4 - £90 = £90

sureguy02:


You will pay a total of £303.

The break down is as follows:

Paper F1-F3 - £71 X 3 = £213
Paper F4 - £90 = £90

thanks a lot bro... u have been of help.. but this acca is expensive sha, the current exchange rate is not helping matters either

Those highlighted areas are very true and correct about the exams, your ability and potential will determine what to enroll for between the two certifications.

I would rather go for ACCA if i be accounting student cos i can't limit myself to working in Nigeria alone.

if one gets the ACCA, through ICAN. does the person also get the accounting degree certificate?

profem1:
if one gets the ACCA, through ICAN. does the person also get the accounting degree certificate?

Only way is when you agree to get oxford brookes so u will do f7,8,9. then u do the project and then u get the bsc. Now with acca so forward thinking(God bless them) you can get a masters while doing your professionals level. you can go on the website to find out more about the msc.

waleski:


Only way is when you agree to get oxford brookes so u will do f7,8,9. then u do the project and then u get the bsc. Now with acca so forward thinking(God bless them) you can get a masters while doing your professionals level. you can go on the website to find out more about the msc.

pls don't mind my questions.
what are the exemptions for those that have the ICAN certificate?

profem1:

pls don't mind my questions.
what are the exemptions for those that have the ICAN certificate?

They are exempted from paper F1-F9. They only get to write 5 papers.

sureguy02:

They are exempted from paper F1-F9. They only get to write 5 papers.

will the exemption fee be subsided or they would pay for each paper?

sureguy02:


For initial registration - £79
Annual Subscription(to be paid yearly - £83


For Exams in September and December 2015
It depends on the level you are and how quickly you pay

1. Knowledge F1, F2, F3 Early-£71 Standard-£76 Late-£231
2. Skills F4, F5, F6, F7, F8, F9 Early-£90 Standard-£96 Late-£252
3. Professional P1, P2, P3 and any two from: P4, P5, P6, P7 Early-£103 Standard-£111 Late-£266

For Exemptions: It depends on the number of papers you were exempted from

Please, these amount you listed, is it for each stage or each paper?

sugarcoatted:

Please, these amount you listed, is it for each stage or each paper?

It's for each paper ma'am

sureguy02:

It's for each paper ma'am

Jeez! Thanks. Sorry for my questions. Bsc graduates from finance, Eco, etc, do dy get any exemptions?

sugarcoatted:

Jeez! Thanks. Sorry for my questions. Bsc graduates from finance, Eco, etc, do dy get any exemptions?

They might be exempted from paper F1 only.

sureguy02:

They might be exempted from paper F1 only.

Thanks a lot

waleski:


Only way is when you agree to get oxford brookes so u will do f7,8,9. then u do the project and then u get the bsc. Now with acca so forward thinking(God bless them) you can get a masters while doing your professionals level. you can go on the website to find out more about the msc.

Do you knw any one who has gotten a job with the certificate? I opted in for it tho I have f8 and f9 to go.

scoobs:
Do you knw any one who has gotten a job with the certificate? I opted in for it tho I have f8 and f9 to go.

being able to position it well in ur cv could help, i haven't come across anyone even though i was able to get a job with the ability to show my competency because of the knowledge i had gotten from passing some of my skill level papers.

[quote author=yorubadelta post=36235275]A fair analysis.. you are right.

ACCA is tough and highly intense but more globally recognised.

Stop deceiving yourself and don't confuse people here!