₦airaland Forum

ruffneck:
Actually....depreciation is not loss of value of an asset,impairment is

I disagree.How do you define 'loss of value'?

optimusmind:
.

Correction

Depreciation is the systematic allocation of the historical cost if an asset over the period of its useful life.

While impairment is a reduction in the value of an asset as a result of
1. Physical damage
2. Wear and tear
3. Reduction in the value (above that which would be caused by normal passage of time)
4. Obsolescence etc
In accounting term, when you carry an asset above its. recoverable amount

more rightly, impairment is the reduction in recoverable cost as compared with carrying cost.This is more pronounced as carrying cost isn't the same as historical cost.As with definition, with respect to depreciation, 'reduction in value of an asset(total depreciation)'-correct in its own right.Your definition'allocation of cost'-also correct as it deals with methods of depreciation-allocating the depreciation so computed. Lastly, depreciation is more of internal causes of reduction in asset value while impairment considers externalities-either ways, both consider asset loss of value.

optimusmind:
I Have to say....

Don't belittle or bedevil our profession online to millions of Nigerians just to prove your point..
10 years is equivalent to loss of credit, what ever side deal that's making her write more than that, if I know her name, I Would report it to ICAN disciplinary committee, and her and whom ever helped her, would go in for it.
Our watch word is Integrity, how would the public trust us if we can't display honesty...
It's bad enough she found a way to flaunt the rules (if she did), there is no need to come do a public show of shame and bring it to nairaland. Moreover, if she had a Council member, she would have passed already.

Cc..
Godsluvee
gbolahanrasaq

Come and carry your brother

You have made your point-which was worth it.However,it is not nice to end it on "Come and carry your brother"-i consider this very insulting. Professionalism would frown at this.

you dont

to say that candidates marks were a representation of their absolute marks would be tantamount to a misstatement.The results,as released,are subjective-they were product of several adjustments...this happens in all professional exams. The examiners have got so many things to adjust for-on the account of performance and sometimes,on account of questions presented

OlalekanEdun:
I quite agree with you but sir, the aspect of ICAN having 'technical problems', thats I disagree.. Are you telling me that ICAN is now having 'technical issues' diet-in and diet-out?

Sadly, that appears to b the case.Or do u av a better explanation on why it has no schedule for results release? Bro, the problem will continue in perpetuity if no action is taken to remedy this situation.

Abdul4trust1:
please, Which Textbooks Will You Recomend For Me On AAA, AT, SFM and their prices? Thanks

bro, I'm a fan of the ICAN study text.The study pack, I believe, is sufficient to pass the exam.In my opinion, the text is compiled within the framework of the exam.

from all indications, it wouldn't be wrong to conclude that ICAN isn't sure of the likely date of results release and wouldn't want to state a date that it wouldn't be able to keep.This is because I'm sure ICAN would've considered the need to go public on the date it would release results-it would av considered the danger associated if it defaults. Consequently, I think it is facing alot of technical problems right now.I guess we're on a long thing.

Uyinosa:
Staff members are yet to returned.. collation ongoing... source: ICAN

on their site?

u make me laugh...council kini? That's for formality my brother. Why should they sit? must it b every time? In my opinion, sitting should only be constituted when there's a major unusual outcome in results. Even if they must meet, can't it be done without physical contacts?

gbolahanrasaq:
I was expecting the results to be released before the holiday. They are not efficient at al

sure, they aren't.Work schedule with November diet around the corner. ..I wonder how they want working students to cope with time management. Yet majority of their students are working class..

Diet in diet out, I hate the feeling that ICAN has no plan whatsoever on its results releasing. Imaging students making speculation on the likely date of results release. Public holidays shouldn't be grounds for results delay.With a proper budget, ICAN would have considered the public holiday and be more proactive to build in effectiveness and efficiency in this diet marking and results release process so that results could be released possibly before the holiday, during or just a day following it...I'm seriously disappointed.

chidivalour:
Speaking Of The Difficulty of d level

Nothing is easy on earth. What keeps us going is passion to succeed.
on other hand,i must admit that all levels vary in difficulty depending on the candidate prior accounting background while some reference should also be paid to individual differences. We all have different capacity as to learning. Hence, you've to study ur sef and make decision that will guarantee success based on ur capacity.

to be grounded in accounting, I suggest u start from ats1...on completion of the third part, u wil b given a cert AAT...foundation level is just a level towards the 3levels in ACA cert-more superior cert compared to AAT.Consequently,foundation level completion won't qualify u for any cert

ciggy000:
who have observed may diet is usually more technical than that of nov

lols...see observations. ..well, it all depends on d mood of the examiners...maybe they're always hapi dat xmas s arnd the corner. ..lmao..

get registered as a student. You would need a copy of ur cert and a chartered account to sign the printed form for u.Registration for studentship starts with the payment of 7k excluding bank charge to a designated bank...on payment, proceed online to Register using the pin generated for u by the bank....get the printed form signed by the chartered accountant and submit same at ican office ursef wit relevant docs...I suggest u submit at their head office at Ebutte meta...

Ssheun:
@Ninilowo,okay,thanks.
@House,has anyone who applied and wrote the monday test at Adedokun been called for sec stage?

Greetings. ...how did u apply to Adedokun int. school?

babadudu1:
Only if she promise to pay a token or in exchange for her number.... Lolzzz.
C her there tomorrow. I wish her all best tomorrow.

lols..funny character, u r. I can't wish her more than that too....make d family dey relieve from expenses frm her side..that s y i wil support u in ur pursuit of her number.lols...

babadudu1:
It was written in the text naw ...... Practical teaching interview. Tell her to com along with her system or projector (jst kidding) ....... Lolzzz

She doesn't have a projector but a system, perhaps you could lend her one..lols.

pls Astute ppl in d ous, my kid sis got an interview on Monday..she's called d no. attached to d msg bt nt reachable. ..pls, has anyone got update from the bearer of the phone number? She wants to know what to expect and what to bring along, if any.

Rich4god:
Bros... Abeg. gv me d link to where you get these material. I have searched for these on their website, didnt find it. Thanks.

Only registered students can have access to those materials as u wil need ur reg. no. and ur surname to login to see them.

tosan200:
Sir, which textbooks would you recommend for the skill level

In my experience, I would say that the packs are sufficient. I advise that you understand each and every topic in d pack as u read through. Make the institute's pathfinder ur companion as u prepare.

tosan200:
Hello sir, can u pls send me the study pack for the skill level. Thanks Taiwoadewole45@yahoo.com

sent, check ur mail.

as regards registration and documents required click on ds link: http://icanig.org/ican/article.php?id=149
..be reminded that you can only apply for exemption upon registration as a student as u will need ur professional student registration number to apply. Furthermore, u will need to start ur studentship processing now as it takes close to 3wks to get it processed .After which exemption processing takes approximately d same time. I strongly advise u submit it to d nearest ICAN office by ur sef as post office could be slow in ds regard.You cannot pay for exams until have successfully been exempted (that's if u want to apply for exemption).
for exemption and related info click.
http://icanig.org/ican/article.php?id=43
I suggest u kick start d November diet race now..all d best.

the exemption covers 7 papers, all d 5 in foundation and 2 from skills levels..and that leaves u with four papers left in d skills level...and finally, 5 from d last level-professional level..I hope ds helps.

after 4 papers in skills level are passed, you will have just five papers in d final level (professional level)

adewaleoroge:
Pls people, I need a complete details of what it will take me to enrol for ican. I had hnd in accounting, currently serving(NYSC), pls what stage am I to start from n like au much is going to be involve for a start n will I also need anytin like transcript from my school to ican, cus I want to enrol for d next diet

Professional students registration costs #7,450 (bank charge of #450 inclusive)
Exemption costs #53,000(bank charge not inclusive)
That's the exemption package for accounting graduates from ICAN accredited institutions.
As of last diet, the 4 papers in the skills level will cost 49700..you could write less papers for less fees..2 papers in skills level cost 35,700.

visit ICAN centre to get first-class answers to ur questions. ICAN has grouped institutions into categories with each grouping offering differing exemption packages to its alumni with respect to ICAN exams.At ICAN centre, u will gain access to d full lists and categories and also check to see where u institute lies. Your exemption package will also be communicated together with d amount to be paid.

only students that have successfully registered as professional students can have access to login to download packs. Having logged in, one would see all subject packs for professional exams with passwords written against each.Though I have such access, I can't help right now cus I will have to download them. But I could help with d passwords and that was why I wanted to confirm if it's passwords u wanted.

onyekanonso:
[b][/b]please kindly forward ican foundation study packs to onyekanonso429@yahoo.com
Many thanks

firstly, how did u get the downloaded packs without having the passwords? secondly, what you need isn't pack but passwords..

mandonnels:
pls if u have study packs for foundation level, kindly forward it to me . nelsonebomah@gmail.com
thanks.

miscoe:
check ur mail. I have forwarded the four I have.

I don't have that of foundation level. will send u dem as soon as I have them.
you r welcome.

OBFmiss:
hello!... pls i am planning to write dis nov diet exam, but i dont have materials. can someone pls send me the study packs for skill level, i will appreciate - swaggspretty@gmail.com

check ur mail. I have forwarded the four I have.

I will advise you go directly to submit at ICAN nearest office. That way, it will take max of three weeks to get it processed(it usually takes 2 wks ); for post offices can be extremely slow in dia transaction processing.