What is the ICAN exam?


The Institute of Chartered Accountants of Nigeria (ICAN) was established by Act of Parliament No. 15 of 1965 and saddled with the responsibility of setting standards of knowledge and skill required to become a member of the accountancy profession; and also to maintain a register of its members that have earned the rights to practice as accountants and auditors.

What has changed from 2019 to 2021 ICAN Syllabus?


*Taxation has been moved from Foundation level to Skills level
*Incorporate changes with respect to Finance Act 2019
*Incorporate changes with respect to the provisions of Companies and Allied Matters Act (CAMA) 2020
*The ICAN examination will hold three times a year: March, July and November.

What are the levels/stages in the ICAN exam?

There are three levels in the ICAN Professional exams (All courses in each level have to be passed before a student can sit for the next level):

Level 1: Foundation level

There are now four (4) courses in the March 2021 foundation level syllabus:

Business, Management and Finance;

Financial Accounting;

Management Information; and

Business Law.


Level 2: Skills level

There are now six (6) courses in the March 2021 skills level syllabus:

Financial Reporting;

Audit and Assurance;

Taxation;

Corporate Strategic Management & Ethics;

Performance Management; and

Public Sector Accounting and Finance.


Level 3: Professional level

There are five (5) courses in the professional level:

Corporate Reporting;

Advanced Audit and Assurance;

Strategic Financial Management;

Advanced Taxation; and

Case Study.


Click link below to read more and to download the ICAN 2021 new syllabus, the study pack, and pathfinder (past questions and answers) for the courses in each of the levels above.

www.adedamolaotun.com

However, based on the Council of the Institute's meeting with respect to 2021 ICAN examination, the Council approved the suspension of the three (3) diet professional examinations due to COVID-19 pandemic. Consequently, the two (2) diet professional examinations, that is, May and November diets come into effect immediately. Thus, the institute will be conducting its examinations only in May and November 2021 until further notice. Hence, next diet examination therefore holds in May 2021.

Also, the 2021 new syllabus will no longer be applicable until November 2021 diet. As a result, the 2019 syllabus applies to the May 2021 diet. This implies that the May 2021 diet examination will be based on the November 2019 syllabus while November 2021 diet examination will be based on the March 2021 syllabus.

Follow link below to read more:
https://www.adedamolaotun.com/2020/09/what-you-need-to-know-about-ican-2021.html?m=1