There’s a popular Yoruba saying/prayer that says “olohun gbawa lowo eni ti o n shoni ti a o sho” which literally translates to “God deliver us from people (enemies) who, unknowing to us, are watching and monitoring us closely”.

These are the thoughts and prayers that Gautam Adani will surely be reciting in the past thirteen days. Just thirteen days ago (January 24 precisely), Gautam Adani was the richest man in India and the Asian continent with a net worth of $133.9 billion (data from Dec. 2022). He was also the third richest man in the world as of the aforementioned date. However, all these changed within 24 hours when a research and activist short-seller firm based in the US, Hindenburg Research released a comprehensive report alleging Adani Group, the flagship company owned by Billionaire Gautam Adani of financial misappropriation and accounting malpractice over a decade now.

Adani Group is a conglomerate with several holdings in different sectors including the energy sector, mining, food processing, real estate, defence, cement, financial services, and so on. The firm was one of the top gainers in 2022 as it grew its portfolio as well as value. Gautam Adani is the owner/chairman of Adani Group.

Hindenburg Research is a US Research firm created in 2017. The firm’s primary operation is to short-sell on stocks and make a profit. I know you must be wondering, what short selling means, well look no further, short selling involves making a profit by betting on the fall in the share price of an entity’s share. In simpler terms, it involves placing a bet that a company’s share price will suffer and drop significantly – weird right? Lol (bad belle abi? ).

While Adani Group and Gautam Adani must be toasting and celebrating their success by the end of 2022, unknown to them, Hindenburg Research is finalizing its report on its 88 allegations against the conglomerate. On January 24, 2023, Hindenburg Research released a report which contains 88 allegations regarding shady dealings, financial misappropriation, money laundering acts, and other accounting malpractices allegedly perpetrated by the group. The report alleges that the group utilizes several offshore havens and entities in countries such as Mauritius, UAE, Cyprus, Singapore, and several Caribbean islands which are allegedly used for stock and accounting manipulation. The report also alleges severally that the company engaged in several suspicious dealings worth billions of dollars with the Chairman’s brother Vinod Adani and its plethora of related entities.

According to Hindenburg, it has been carrying out these investigations on the Adani Group for the past two years (which kind witch-hunt be this?). Ever since the report, the share price of the group has plummeted continuously as investors’ confidence waned. Despite a response from the Group on January 29 refuting these allegations, the share price has continued to drop. The Group has lost over $100 billion since the Hindenburg research was published and Gautam Adani, the richest man in Asia and third richest in the world just a few weeks ago, has fallen out of the top 20 richest persons in the world.

What does Hindenburg Research stand to gain from this? Lol – a lot my dear!

Want to know how this is possible? Read on short selling here:https://theconversation.com/short-selling-adani-how-an-obscure-us-firm-profited-from-triggering-the-indian-giants-price-plunge-198991

Can the group bounce back from its current crises?
Will the group be investigated by SEBI (Security and Exchange Board of India)?
Can Gautam Adani bounce back and regain his position?

The next few weeks will surely point us towards a position on these questions. In the meantime, we chill and pray fervently against an “unknown enemy” giving us close marking unknowingly.


For further readings (Sources):
Here is Hindenburg Research’s response to Adani Group’s report on the allegations:
https://hindenburgresearch.com/adani-response/#_ftnref1

More on short selling:
https://www.financestrategists.com/wealth-management/stocks/short-selling/
Recommended movie to understand short selling: The Big Short

https://www.reuters.com/markets/rates-bonds/adani-enterprises-shelves-122-million-bond-plan-bloomberg-news-2023-02-04/

On October 26, the CBN Governor, Godwin Emefiele announced the decision of the bank to release a new naira note to the populace. The CBN Governor explained in clear terms the reasons for its decision, and I believe that anyone who follows closely would agree with me that this decision has yielded success (at least partly).

As expected, the new notes were unveiled by President Buhari yesterday and as I have come to expect in the recent period, it was met with widespread backlash by the populace, particularly the youths and social media self-acclaimed analysts.

While I have not always been in support of the decisions of the Emefiele-led CBN and its policies (in fact, I am a staunch critic of most of its policies), I believe this decision is a masterclass. Analysts and agitators need to understand the following:

1. It is obvious that the major aim of the CBN for redesigning the notes is to mop up a large amount of money in circulation and thereby curb inflation to some extent. The CBN utilized the fact that the naira is due for redesign to carry out this strategy. If we are being honest, we all saw on different media how cash that has been stored and kept for years started resurfacing. if this is not a masterclass, I don’t know what is.
2. The currency is a mere paper, what gives it value is its recognition as a legal tender. It is not a logo or brand of a company that needs to be attractive or beautiful. The aim is to stabilize our currency and economy and not beautify the naira. I am very sure that if an entirely new design was unveiled, people would still complain about the essence of its beauty when the naira is almost worthless.
3. The CBN, yesterday, also announced that it will reduce the printing of 1000 notes and print more 200 and 500 notes. Although this will be unwelcome to many people (policies can’t be perfect), I believe it will go some way in arresting our naira free-fall and reducing the cash in circulation.
4. As a major plus to the policy, the naira grew stronger against the dollar in the past weeks. While this growth cannot be entirely attributed to the CBN’s directive, it is noteworthy that it came at the right time.
5. Let me reiterate, I am not a staunch supporter of Emefiele’s administration, I think we Nigerians need to take a chill pill and give kudos when due. We need to stop the unnecessary insults and abuse and see things for what they are.
6. Policies can’t be perfect; in fact, they won’t be accepted generally. However, a policy is deemed good when it meets the aim for which it was designed.

TheRareGem1:
I'm very sure majority won't read the content of this post.
How would you know that the VP was represented by his DCOS or that he said "As a government, we are proud of the achievements already recorded by NAPTIP"

I completely agree with you fam. Honestly, our media are one of our major problem in this country. Imagine! Just because of clicks, likes and comments the OP wrote a misleading headline just to get people to come in and engage (with insults as usual) because 90% of people won't read the full story.

Sigh!

fergie001:
It's a World Cup year and that will somewhat play a very big factor, but for now Karim is #1 on the list.

The criteria has been revised.
Balon d'or is now based on a full season's performance and not a full year. Meaning that performance in this year's world cup will come into consideration for next year's balon d'or, rather than this year's.

KingEverest:
Nice piece

Thank you

Deborah98:
I'm amazed we have sensible and sensitive youths like this. God bless you richly@Op. You've made a clear and well understoood post. While we do the best we can we still ask for His Grace and mercy. Not our will but His.

Ameen.
Thanks so much

I believe this is the right section to post this.

Kindly help move to fp to get more interactions.

Mynd44
Lalasticlala
Seun

Two days ago I visited a distant cousin of mine in his work place. He is a phone/laptop engineer and he has a shop where he also sells phone accessories. Unlike me, he attended an Arabic school and he just graduated this year.
During the course of our discussion, he informed me of his plans to do the traditional introduction of his fiancee next year. I was surprised and bemused at the same time - bro are you kidding me?

This is a guy who has been independent (working and earning money) for the past four years now and he told me there's no reason for delay again. Although, he added that the plan is still under probability, but it's very likely. While we argued and argued on the feasibility and sensibility of his plans, especially considering the economic conditions of the country, and the fact that marriage isn't a child's play (which I made sure I hammered into his skull very well), he made some few points that really hit me and prompted this post:

He said to me, "Abdullah things will keep getting harder". This is not a curse (trust me I almost knocked him out when he said it). What he meant is this:

- The economy is not getting better and will not get better anytime soon. The Nigeria of 2012 is better than the Nigeria of 2015, the Nigeria of 2017 is better than that of 2018. Nigeria as at last year is better than our current Nigeria. This is nothing but the truth.

We all know how much a bag of rice cost as at last year and we all know the current price. Last year I bought one sardine for #400, now it's #700. Egg used to be #25/30, now it's only the rich that can afford eggs. I'm sure we all know these things.

- As the economy keeps getting worse, we will continue to strive and survive. We cannot wait for the economy to get better, else we will remain on a spot forever. Whatever plans or decisions we need to make should not be hindered by the present economy because the reality is, it will keep getting worse.

- there's no better time to start something than the current moment because first, we are not even assured of being alive by the next moment. Second, we will continue to be faced with larger obstacles as time rolls by and we will continue to get busier.

- That course you want to go for, that business you want to start, that skill you want to learn that you feel that you're too busy now because you're still a student or because you don't have he resources now, will not come to you on a platter of gold later.

That stress you're trying to avoid now, you will go through times three of what you would have likely gone through now. Every good thing requires process and hard work and you cannot skip the process or lessen the hard work by deferring it to "a better time".
My dear, there's no better time.

Moral of the post
1. Make hay while the sun shine.
2. Do not procastinate
3. There will never be a better time to do something that requires process and hardwork. Start the work now when you're still young and kicking.
4. Start now that you're still capable and less busy.

Kolawole2130:
Hello, pls i need candid advice. I currently work in a church as an accountant for some years now. I have tried applying for jobs outside all to no avail especially when you dont have connections. I studied accounting and graduated year 2012. Now am thinking of writing the ICAN exams but am not sure if its still worth it with this present economy and i dont want to waste money. I need candid advice thanks

Good morning. I know you've received several comment already and no one can absolutely dictate for you, but I will just add my own piece.

ICAN is worth it.

I can say this anywhere, anytime.
I say this because it's what I've gone through and I'm still in the system. To me, you're not an accountant if you aren't qualified and certified yet (whether by ICAN, ACCA etc).
Thank God you are experienced already, you already have an edge. However what will serve as a spring for you to go far and high in the Profession is for you to be qualified as a chartered accountant.

I read comments like "education na scam o, ICAN is not worth it jare, ICAN is over-hyped, there are so many professionals with no job ".
My brother, even if you want to start cyber fraud today (Yahoo), your oga can only teach you format, no he him go tell you wetin to tell client, or how to respond go client because each situation is different.

ICAN will not provide jobs for you, nor will jobs automatically come your way just because you're chartered - no! Because you have ICAN doesn't mean things will start falling on your feet. You need to update yourself, you need to equip yourself with latest Accounting technologies, softwares, packages, standards etc

What ICAN will do is that it will widen your opportunities, it will open so many doors for you, it will clear your eyes and make you smarter as an accountant. My brother, it will give you confidence.

You're certified and you're running around for jobs? When you can approach several SMEs and offer them book keeping services, tax computation and filing service, audit and review, Accounting system set ups, internal control systems etc.
How many top professionals in any field (whether Accounting, finance, engineering etc) have you seen without a professional qualifications??

Unless you're looking for excuses for simply being a lazy person, ICAN is very worth the hype, it's worth every penny and every stress.. I will advice you go ahead and start ASAP.


Peace.

Check my signature.
You can contact me if you like.

HeadNigga:
Ote$ is smart abeg. For every dime first bank charges you now, he gets a cut. You recharge he gets a cut, you send olosho money, he gets a cut, you withdraw from atm he gets a cut.

God when?

Who told you that?
Abi where did you hear that one?

Investment I shares doesn't operate like that fam.

Hi guys, I've been trying to download a popular TV series: Empire. I've surfed the internet and YouTube, I couldn't find any usable links.

I want to download from the beginning (season 1), can anyone recommend a site/link or anything?

I await your kind response guys.

Thanks in advance !

The much awaiting news is here. I know you've been anticipating the release of the September 2021 ATS Result.
News reaching us is that the Council will be meeting tomorrow Thursday 28th to consider the Ats Result.

I'm aware of the fact that you'll be having mixed feeling of excitement and panic. Trust me I've been there before and I understand the feeling but truth be told you've done well. The result will come out well.

I salute you for the courage you put into writing the examination. You're indeed brave as no professional examination is for the weak or faint.

To check your result you'll be in need of your registration number and or your examination number.

To check your registration number go through the following steps:

1. Click on this link:
https://icanig.org/students/atswa-reg-number

2. Input your Surname in the Second column, scroll down to look for your name..
Attached to your name is your registration number.

To check your examination number go through the following steps:

1. Click on this link: https://www.icanig.org/students/atswa-exam-dockets

2. Select diet: September 2021

3. Input your registration number.
Then you'll see your docket. In your docket you have your examination number

For the result the PDF will be sent. All you need to do is calm down, relax your mind and input your registration number or examination number on the PDF of the ATS level exam that you wrote.

Remember to check well.

For the PDF you can send me a message on WhatsApp via: 08156561738.
I will forward the PDF to you as soon as I get it.

Wishing you the very best.

Oh ye Professional Students!

Warm greetings to everyone preparing for the November 2021 ICAN exams - whether preparing to write foundation, skills or Professional level.
This is another week to be productive.

Countdown: 34 DAYS TO GO!!!

As a gentle reminder, the exams, slated to hold between November 16-18, is just 34 days away from today. That is exactly 4 weeks and 6 days to go!

Preparations should have been intensified by now because the exam is fast approaching.

A lot of students have issue with ICAN exams because they are overwhelmed with the syllabus (ask skills students preparing for PSAF exam).

Some students have issue with comprehension of so many technical topics and so many so many formulas (SFM and PM students can relate).

The essence of this write up is to provide students with direction and insight of what I call the "MVT" - most valuable topics - for each course.

For each course in each stage, there are topics that cannot be left "untouched" before going to the exam hall. These topics are the MVTs or hotdogs.

Based on research and past experiences, candidates so not do themselves favour if they don't know these topics while going to the exam hall. The topics have nothing less than 80% chance of being tested.

Below are the MVTs for each course in each stages - Skills and professional.

Skills:
1. Financial Reporting:

- Group account. - Cashflow
- Ratio Analysis. - Published account
- At least average knowledge of standards

Out of the first four topics, I can confidently tell you that two comes out every diet and they are mostly the compulsory number one question.

2. Performance Management (PM):
This is the most technical exam in skills stage - it is the nightmare of so many candidates. However, it isn't as hard a portrayed and I can categorically tell you that any students going to the exam hall without knowledge of the following topics is not doing him/herself a favour.

- Relevant Costing. - Limiting factor
- Transfer Pricing. - Divisional Performance
- Variance Analysis. - Budget
- Activity Based Costing
- Linear Programming

3. Public Sector Accounting & Finance:
The MVTs include:

- Public Finance (chapt 31-37): very important
- Budget. - Govt revenue and expenditure
- At least an average knowledge of some IPSAS


4. Corporate Strategic Management and Ethics (CSME):

- Models in strategic management (PESTEL, SWOT, etc)
- Corporate Governance
- Ethics - At least average knowledge of risk.

PS:
In order to ace CSME, it is important to know how to analyze and present your thoughts. I always advise students to go through past questions and see how the models are broken down succinctly.

PROFESSIONAL:

Corporate Reporting:
- Group account. - Ratio Analysis
- Group cashflow.
- Above average knowledge of standards

Strategic Financial Management:

- Cost of Capital. - Investment Appraisal
- Merger and Acquisition.
- International finance - Portfolio theory
- Adjusted present Value

A.Tax:

- Company income taxation
- Capital gain tax. (Very important)
- Petroleum Profit Tax (very important)
- Pioneer Legislation
- Transfer Pricing

A. Audit

- Group audit. - Audit evidence
- Audit Reporting. - Practice management

Disclaimer!!!

This post is meant to direct and assist the students in the preparation for their exams. It does not represent the topic that will be tested for sure in the exams.
Students are hereby advised to read and practice lots of questions.

I wish you guys best of luck! ✌️

Dear ATS students,

Congratulations to you guys on the successful completion of your exam. It's no easy feat. Y'all have sacrificed time, money and so many resources.

The deed is done now. Forget the exam you think you did wrong, don't dwell on those you think you did well.
What's left is to pray for favour and success..

I wish you guys favourable and outstanding results in your exams.


Cheers.

I agree with one thing, their resolution on VAT is very correct.

Most of the state governors are greedy, allowing them to make their own VAT laws is tantamount to destroying interstate trade in Nigeria, complex and multiple taxation and some form of power play.

If they are allowed to collect their own VAT, I can't imagine what prices of goods will be in the market. The ordinary citizens will suffer the most.

Dear candidates,

Kindly click the link below to print your docket for the exam.

Just pick September 2021 from the options in the drop down and input your registration number under.

I wish y'all success.

https://www.icanig.org/students/atswa-exam-dockets

The September diet ATS exam is here again. The two-day exam is slated to take place on the 28th and 29th of September - two days away.

I want to admonish all candidates to finalise their preparations in the remaining days and have belief in themselves.

I do tell my students, ATS is easy to pass especially if you're smart. Don't underestimate the benefits of past questions, they go a very long way in assisting candidates. Treat the section A part with utmost importance - that is where you can gain greater marks.

With the little time left, cut down on unnecessary activities, social media and anything that can be a distraction. It's just for a few days.

Study as much as you can, rest when necessary, pray and have great belief in yourself.



I wish all candidates success!

adefitim:
Ghen Ghen

I know say no be only UBA go get defaulters, na Dem just get the mind to first publish their own ni..[s][/s]

The United Bank of Africa has published the names, Bank Verification Numbers (BVN) and account numbers of some customers alleged to have violated the forex policy of the Central Bank of Nigeria.

This development is coming after the CBN directed banks to expose customers who engage in fraudulent and unscrupulous tactics to obtain foreign exchange from banks.

The UBA disclosed this in a publication on its website titled, ‘CBN FX defaulters’ on Friday.

The United Bank of Africa has published the names, Bank Verification Numbers (BVN) and account numbers of some customers alleged to have violated the forex policy of the Central Bank of Nigeria.

This development is coming after the CBN directed banks to expose customers who engage in fraudulent and unscrupulous tactics to obtain foreign exchange from banks.

The UBA disclosed this in a publication on its website titled, ‘CBN FX defaulters’ on Friday.

The United Bank of Africa has published the names, Bank Verification Numbers (BVN) and account numbers of some customers alleged to have violated the forex policy of the Central Bank of Nigeria.

This development is coming after the CBN directed banks to expose customers who engage in fraudulent and unscrupulous tactics to obtain foreign exchange from banks.

The UBA disclosed this in a publication on its website titled, ‘CBN FX defaulters’ on Friday.

What UBA said in its statement
The bank stated, “In compliance with the directive of Central Bank of Nigeria mandating banks to publish the names of defaulters of the forex exchange regulation.

“Based on regulatory directives, the following customers cancelled their trip and failed to return the PTA availed to them despite several mails, text messages and follow up phone calls.”

The bank also included the name of a customer who it said, “presented fake visa to apply for PTA.”



https://nairametrics.com/2021/09/25/uba-publishes-names-bvn-and-account-numbers-of-forex-defaulters/

chatinent:

So e no fit wash cloth or save up for a washing machine and drier?

Data for ₦10k? E should kuku send a CV to PornHub. Abi free WiFi no dey workplace?

Recharge card for ₦15k? Sure this uncle want to live long in this life? Even Elon Musk doesn't recharge ₦15k.

Cleaner ₦5k? En hand dey pain am? Why can't he marry and send this to his wife instead?

You were making sense at some point until I saw those quoted prints.10k is too much for data?

You don't have enough information to be saying trash like this. Give him your advise, if you have any, and move on.

How can we even verify this?

The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, has revealed why the state oil giant is buying a stake in Dangote Refinery.

The NNPC boss in his explanation said that the decision was driven by the profit potential of the refinery business and the need to have a say in a business of this magnitude, which borders on energy security for Nigeria and Africa, with huge implications for fiscal security of the country.

This was made know by Kyari, while appearing on a Channels Television programme, Sunrise Daily, on Tuesday, June 29, 2021.

What the Group Managing Director of NNPC is saying
Kyari said that NNPC is not using government money to buy stakes in the 650,000 barrels per day Dangote Refinery, which is expected to start production in 2022.


He said rather, they are borrowing money from banks on the back of viability, workability and cash flow of the business in addition to guaranteed dividends.

Kyari during the interview said, “Dangote refinery will come into production by 2022. And what that will do is to deliver over 50 million litres of gasoline into, to be specific, our markets. We are also working on our refineries, to ensure that we fix them. We have awarded the contract for Port Harcourt refinery rehabilitation. And ultimately we are going to close that of Warri and Kaduna very soon in July so that all of them will work contemporaneously.

The net effect is that you are going to have an environment where Nigeria becomes the hub of petroleum products and supplies. It’s going to change the dynamics of petroleum supply globally in the sense that the flow is coming from Europe today and it is going to be reversed to some other direction. We will be the supplier for West Africa legitimately and also many other parts of the world.

So the meaning of this is, there is an opportunity that has been thrown at us. And I’m not sure Mr Dangote wants to sell his equity in the refinery. I can confirm that it was at our instance that we started this engagement. He did not want to sell his shares in this refinery.


There is no resource-dependent country that will watch a business of this scale, which has bordered on energy security and has implications for fiscal security of the country, and you don’t have a say. And for us, as a strategy, we started this process long before Dangote started his refinery project. We take equity in very significant businesses that are anchored on the oil and gas operations: fertiliser, methanol plants, modular refineries and some other businesses that we are dealing with.

For the Dangote refinery, we are not taking government money to buy it, which is the mistake that people are making. We are borrowing on the back of the cash flow of this business. We know that this business is viable, it will work and it will return dividends.

It has a cash flow that is sustainable because refinery business, in the short term, will continue to be sustainable. That’s why banks have come forward to lend to us, so we can take equity in this.


https://nairametrics.com/2021/06/29/nnpc-gmd-explains-why-government-is-buying-20-stake-in-dangote-refinery/

5k?

Haha these people try o. 5k too much na. Give them a plate of food, they will gladly do whatever they want.

As long as our heartless leaders continue turning blind eye to the plight of the poor in this country, nothing, I repeat, nothing tangible will be achieved.

An empty stomach cannot think
An empty stomach do not understand empathy or kindness to another person
An hungry stomach sees nothing bad as long as its hunger will be quenched.

Dear Colleagues,

The ICAN results for the last diet (May) is out now.

If you have problems checking your foundation, skills or professional results, kindly call or send a WhatsApp message to 09066268746.

I wish everyone best of luck.

I have good news for you this morning.

First, for all those who wrote the May professional diet, your result will be out anytime soon - latest June 10.

There's nothing you can do now than just to pray and hope for a favourable results. I wish you all success and I hope you pass in flying colors.


Meanwhile, preparations have already began in earnest for the ATS September diet.

If you have not started preparations, or you still think there's enough time, please snap out of such thoughts. The time to start is now.

Are you in need of guidelines on how to prepare and pass the exam excellently?
Are you in need of materials and packs for the exam?
Are you confused on how to start and what to do?


Your answers are right here.
Kindly call or Whatsapp: 09066268746
Email: lekanbello98@gmail.com


Want to know about about the accounting profession?

Read below:

https://www.nairaland.com/6582321/accounting-profession-what-should-know

https://www.nairaland.com/6583304/how-professional-accountant

THE ATS LEVEL:

The ATS level has three parts (exams): ATS 1, 2 and 3. The body in charge of this level is known as ATSWA (Accounting Technician Scheme West Africa). The exam is done across some West African countries including Ghana, Liberia and so on. Each part has four exams which make a total of twelve exams for the three parts.

After completing the exams in all three parts, you shall be inducted as an ATSWA member and be awarded an Associate Accounting Technician (AAT) certificate. This certificate alone boosts your standing among other junior and mid-level accountants and gives you recognition.

Also, without mincing words and with the exception of few courses, I can tell you for free that this certificate is equivalent to a 400L accounting student in a typical public university in Nigeria. The AAT certificate is recognized in countries like Canada and the UK. With your AAT certificate, you can easily practice as an accounting technician in Canada.

THE PROFESSIONAL LEVEL:

The second and final division is the professional level from where you can become a qualified and certified accountant. Just like the ATS level, this level also has three parts – foundation, skills and professional. This level is where you become a pro in the accounting field.

The foundation, as the name implies, is the entry stage into the professional level. It is the stage where all the basics of accounting as a profession are being taught. Every B.sc and HND holder in any other course aside accounting will start from this level. This level contain five exams to be completed before moving to the next stage – although, this will be reviewed soon according to reports from the association. For someone who has a B.sc or HND in accounting, he will be exempted from this stage, as it is believed that he shouldn’t have a problem with the basics. Such person will start from the next stage – skills.

  The second part/stage in the professional level is the skills stage. It is the pen-ultimate exam to be done before one can become a qualified accountant. This stage is the entry level for all B.sc and HND holders in accounting

Interestingly, for someone who is an AAT (Associate Accounting Technician), such person will also be granted exemption from writing the foundation stage – he will also start from the skills stage. This stage has four exams to be completed before moving to the final stage.

The last and ultimate part is the professional stage. This is alpha and omega of all exams in ICAN. It contains five exams which must be duly completed. After the completion of this stage, you shall be inducted as an Associate of Chartered Accountants (ACA) – and your dream of becoming a professional and chartered accountant is fulfilled!

I will be honest with you, it’s not a child’s play, neither is it a folktale journey. However, it is really straight forward and achievable. With focus and dedication, you can become a chartered accountant within the space of two and a half years – for someone who starts from the ATS level (1-3).
For a first degree holder in accounting, you can become a qualified accountant within a year! And for someone who starts from the foundation level, you can become a professional accountant with a year and half. 

Dear parents and guardians, your child can become a professional accountant even before graduating from higher institution – regardless of his/her course of study. 
My dear brothers and sisters, your dream of becoming a chartered accountant with all its reputation and recognition isn’t lost, it is still very much within your grasp. Make the move today!


Please note, this article is not completely exhaustive as there are packages for OND holders in their ICAN exams. Feel free to throw in your questions.


For more information or questions, reach out to the writer:
Bello Abdullah 
Phone/WhatsApp: 09066268746
Email: lekanbello98@gmail.com

Yesterday, I posted an article about the accounting profession and what you need to know. Read here:
https://www.nairaland.com/6582321/accounting-profession-what-should-know

How, then, can you become a professional and chartered accountant? How can you become a recognized and practicing accountant in Nigeria?

It is very simple! All you have to do is to pass ICAN exams and boom, you're already a professional accountant!
Surprised? Well you are allowed to .

Let me also retierate, whether you have a any degree in Accounting (Bsc, OND, HND, etc) or you don't, you can become a professional accountant in less than 2 years . You just have to be certified by ICAN.

What is even ICAN?

ICAN – INSTITUTE OF CHARTERED ACCOUNTANTS OF NIGERIA

ICAN is one of the leading, popular and efficient professional bodies in Nigeria. Established on September 4th 1965, it is a body which effectively represents the interest of its members, regulate its members’ conduct and enhance its members’ interests and goals

In Nigeria, ICAN is the leading professional body for accountants; the association has constantly churned out scores of great and visionary men and women within and outside the profession. Great people like Chief Akintola Williams (the first chartered accountant in Nigeria), Mr. Taiwo Oyedele, Mrs. Onome Joy Adewuyi and so on.

In order to qualify and practice as an accountant in Nigeria, you need to pass all stages of the ICAN exams; display a level of competence and attain a level of experience. Honestly, it is not a very easy feat but it is very straight forward and achievable. 

ICAN EXAMS

ICAN exams are divided into two broad stages: the accounting technician level (ATS level) and the professional level. ICAN exam was formerly only for the professional level, however the ATS level was later developed for three purposes:
- To cater for small and medium scale enterprises who might not be able to afford the fees and pay of a professional and qualified accountant. The aim is to provide them with accountants who are suitable and are capable to satisfy their needs.

- To widen the profession and make it easier for anybody at all to become a professional accountant. This level has made it possible for someone who has just a senior school leaving certificate (WAEC, NECO, GCE et.al) to become a chartered accountant with ease.

- To make the transition into the professional stages smooth and easier.

Have you always been curious about the accounting profession? Have you always fancy yourself being an accountant? Do you always have a dream of becoming a professional and chartered accountant? Have you heard of the acronym ICAN before and have always wondered what it means? – seek no more, this article is for you.

In my last article,I explained how one can become a professional in any field . Accounting is a highly lucrative profession because it has so many scopes and can be applied to any field or job. It is a very diverse and wide profession with so many opportunities and fortune. It is one of the few professions that can never be made irrelevant – no matter the impact of technology and science.

Chartered accountants are one of the most recognized and highest paid professionals in Nigeria and all over the world.
A chartered accountant in Nigeria can easily make his transition abroad and start practicing as an accountant without much problem.

Accounting is a moral and ethical profession and its practitioners hold so much respect and value.
Accountants are needed in every sector of the economy – commerce, trade, education, technology, science – you name it.

There are so many fields for you to choose and thrive in as an accountant. You can work as a financial analyst, a financial reporter, a government accountant, a tax consultant, a management accountant, an auditor, a forensic accountant, a business consultant and so on. 

Vital Information about the Profession:

- Accounting is a professional course: that is, obtaining a bachelor’s degree in accounting doesn’t automatically make one a qualified accountant. 

- You need to be professionally certified before you can be a qualified and chartered accountant.

- You cannot provide accounting service to a client in Nigeria, and other countries, if you are not a qualified accountant.

- Anybody, I mean anybody, no matter the course you studied or currently studying in school, you can also become a chartered and qualified accountant.

My dear brother and sister, your dream of becoming a chartered accountant is finally ready to come true! Whether or not you studied accounting in school, or you are currently studying, you can become a professional and qualified accountant in the space of two and a half years –30 months!
As a student, you can become a chartered accountant as an undergraduate. I mean you can become a professional accountant even before leaving the four walls of school! 


How, then, can you become a professional accountant? What are the steps to take and the things to do? Watch out for my next article as I accompany you on your journey of professionalism.


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chrisblack:
What as that got to do with the current situation in Nigeria. Watching the grandprix helped no one.mind you she can only see the view of the in front of her hotel and a few meters away.she can't see the whole show .so who cares when she won't even be at the finish line.yeye

Why these stress and hate bro?
Can't you just scroll and leave??

Ọmọ, as I am reading through, tears is just streaming down my cheeks with laughter because the experience I had in September 2019 with a friend of mine is exactly the same. Chai

It seems they all have the same modus operandi.

The one I attended is in Ilorin. I went there after my ATS 3 exam. I was lured there with my friend with a poster about an usher job that pays 5k per event.

Ọmọ, that day was mad. My friend wanted to leave after about an hour, I was just telling him to chill.
The annoying part is where they ask us to bring 16k to start.