tolun2s:

the benefit of acca can be over emphazied,and it surpass that of ican,
1)acca is easier
2)u will have a degree upon completion
3)international recognized

my advice:if u ve money enroll wit lcu(london college of accountancy)the fee is 3400pounds and if u want to further by going for masters.u just pay additional 2200pounds instead of 6400pounds for masters.
cheers

Samson Fal:

Is there anybody who know about ACCA scholarship

asamuel:

Hi all,

Do not be decieved by whatever agreement ICAN enters into with ACCA. No agreement can make ICAN qualification acceptable internationally because it is a local body. I wrote ICAN up to Intermediate level before I dumped it for ACCA because I realized it would not equip me to perform at a global level. Currently, I am at the Professional Stage of ACCA. I started from Foundation without exception because I read Economics in my Undergraduate in Nigeria.

I am currently in the US doing my MBA and also sitting for my ACCA. Wherever you are in the world, you can sit for the ACCA exam and get job with it. Like people have said, ACCA is harder than ICAN but made easier because you have more than enough resources to aid you, although with cost. Moreso, ACCA equips you to practice globally.

ICAN is seeking for agreement because they recognize that ACCA would soon outperform them in their own country. If you have the money and you are prepared to study hard and perform seamlessly in any country of your choice, please go for ACCA.

Thanks,
Samuel.

asamuel:

I hear you! If I could not pass ICAN intermediate, how come I am doing ACCA? I know many ICAN students who have attempted ACCA and failed. The question is not who pass what but what is recognized globally. If you say ICAN is recognized internationally, go to UK or come to US and work with it. YOur friend may be using his ICAN to do a clerical work here in the US, which he could still do without ICAN if he has basic accounting knowledge. Ignorant man, I am sure you have not crossed the borders of Nigeria let alone knowing what international recognition translates to.

If you intend to look outside your village, better be thinking of ACCA. If you like I could introduce you to some centers in Nigeria for your brain to be thororughly purged for international fitness.

I pity you. Please stop misleading young ones who have good careers to pursue.

asamuel:

Hi all,

Do not be decieved by whatever agreement ICAN enters into with ACCA. No agreement can make ICAN qualification acceptable internationally because it is a local body. I wrote ICAN up to Intermediate level before I dumped it for ACCA because I realized it would not equip me to perform at a global level. Currently, I am at the Professional Stage of ACCA. I started from Foundation without exception because I read Economics in my Undergraduate in Nigeria.

asamuel:


If you intend to stay in Nigeria all your life, of course you don't need ACCA.

What does ICAN want?
By Chris Enyinnaya
Published: Friday, 27 Jun 2008

The Institute of Chartered Accountants of Nigeria is in the news again. This time around, it is not fighting ANAN, but it has so much energy that it an afford to fight other professional bodies duly licensed to promote, regulate and advance knowledge in taxation, management and information technology.
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ICAN President, Prince Adebajo

ICAN Act of 1965 empowers the professional body to regulate the practice of accountancy in Nigeria, which, in the main, embraces accountancy and audit. ICAN operated as a monopoly institution and an emperor until 1992 when the Association of National Accountants of Nigeria was granted charter status by the departing General Ibrahim Babangida.

ICAN went to court seeking to de-register ANAN by claiming monopoly to regulate and train accounting professionals. It lost.

ICAN members went ahead to promote the establishment of Chartered Institute of Taxation of Nigeria. Because the ICAN clique are old men who qualified through articleship, they did not appreciate the full implication of granting CITN a charter status on the regulating and training of tax practitioners.

When they woke up from slumber, ICAN started fighting CITN. They even sanctioned their members who retained membership of ICAN and CITN. At the end of the day, ICAN lost in the court against CITN.

ICAN members have now regrouped and are sponsoring a bill to expand the scope of accountancy practice to include taxation, management practice and information technology.

That brings us to the question, What does ICAN want?

In a typical business faculty, the subject Business Admin-istration is fragmented into accountancy, business manage-ment, marketing, banking and finance, insurance and actuarial science. The only common thing among these fields of learning is accountancy –– financial, cost and management accounting. Why is it so? Accounting is the language of business, just as Mathematics is the language of engineering. To that extent, a mathematician is not an engineer, and so an accountant is not an expert in management, marketing, finance, banking, insurance and actuarial science. That is why government, in its wisdom, granted charter status to all these bodies of knowledge to practice their profession.

Due to greed, practising ICAN members want to practice everything business, whereas their core area is audit and accountancy. Before the advent of the registration of Chartered Institute of Secretaries and Administrators, accounting firms hired ACIS holders as employees to handle secretarial duties on the accounts they audit. They also hired members of the Institute of Taxation ATII as employees to handle tax computations.

It took crack professionals like lawyers to break the monopoly of ICAN as insolvency practitioners and receivers/managers of companies in liquidation. ICAN, in its arrogance, vehemently opposed the appointment of lawyers to countersign audited accounts during the mid ’80s.

Indeed, ICAN can be said to be a predator. It invaded the banking industry and dominated it for more than two decades, so much so that banks preferred to hire ACA rather than ACIB holders. In fact, ACIB became a persona non grata in an industry whose members it is licensed to train and regulate.

To say the least, ICAN is a very ambitious professional body. During the tenure of Mrs. Adenike Adeniran as ICAN president, in one of their many accounting fora, she said, “We are training accountants to be everything to every business.” Ironically, Mrs. Adeniran is a trained stockbroker. Indeed, she and Mrs. Pat Nwobodo were the first female stockbrokers in Nigeria.

The question is, why did she train as a stockbroker if she is an apostle of accountants being everything to every business?

The worst part of this whole thing is that ICAN is not telling the Nigerian Senate the whole truth. ICAN says it wants to regulate the practice of accountancy with respect to tax practice as it is elsewhere in the world. But in Britain, chartered accountants do not freely engage in tax practice. Only ATIIs practise tax. However, a chartered accountant can, and is allowed to, defend tax computation before the Inland Revenue office on the accounts he audited. No more, no less. To that extent, ICAN can have a bit of the action through that convention.

It is very dangerous to amend ICAN Act to include the practise of Tax. ICAN will abuse it by veering into full tax practice, which only CITN members by current regulations are empowered to do by virtue of the CITN Act 1992.

The Senate of the Federal Republic of Nigeria is urged to throw the ICAN amendment bill into the thrash can where it rightly belongs. Any ICAN member who wants to practice tax should write CITN exams. Any ICAN member that wants to engage in management consulting should become a member of the appropriate professional body, and so on and so forth.

ICAN will only be institutionalising laziness and creating quacks out of its professionals if it does not retrace its steps of expanding the scope of accounting practice, the application for which is now before the Senate.

We are now in an era of specialisation. Is the Senate president listening?

Enyinnaya wrote from 10, Sogunle Street, Abule Onigbagbo, Off Bank Anthony Way, lkeja, Lagos.

http://punchng.com/Articl.aspx?theartic=Art200806270565790

asamuel:

Hi all,

Do not be decieved by whatever agreement ICAN enters into with ACCA. No agreement can make ICAN qualification acceptable internationally because it is a local body. I wrote ICAN up to Intermediate level before I dumped it for ACCA because I realized it would not equip me to perform at a global level. Currently, I am at the Professional Stage of ACCA. I started from Foundation without exception because I read Economics in my Undergraduate in Nigeria.

I am currently in the US doing my MBA and also sitting for my ACCA. Wherever you are in the world, you can sit for the ACCA exam and get job with it. Like people have said, ACCA is harder than ICAN but made easier because you have more than enough resources to aid you, although with cost. Moreso, ACCA equips you to practice globally.

ICAN is seeking for agreement because they recognize that ACCA would soon outperform them in their own country. If you have the money and you are prepared to study hard and perform seamlessly in any country of your choice, please go for ACCA.

Thanks,
Samuel.

asamuel:

Sorry dear,

I'm already working with my ACCA even before I finish it. That's the difference between ACCA and ICAN.

Please think well.