It's almost everywhere bro. MBA na pure water for Yankee and you will earn less with it. I used to work for Coca-Cola and they pay MBA graduates less than they pay truck mechanic who hardly finish high school cos the skill is in demand while MBA is everywhere. The laws of demand and supply will always have it way with few exceptions like MBA from ivy league schools.

ppogba:


It is extremely erroneous but rather unfortunate that someone will think that it is students wey no sabi book that study accounting.

Indeed, you peeps on Nairaland keep justifying the fact that the most foolish of Nigerians are found on the social media.

I’m sorry to hurt ur feelings bro, the truth is no course is actually simple, they all require hard study and prayer but some are harder than others.

ppogba:


It is extremely erroneous but rather unfortunate that someone will think that it is students wey no sabi book that study accounting.

Indeed, you peeps on Nairaland keep justifying the fact that the most foolish of Nigerians are found on the social media.

You should have just ignored him. I was a pure science student. One of the best during my days, but I ended up studying Accounting for my first degree.

How? After joining the military, I wanted a degree so badly. Then UNIBEN was running part time engineering programs, but I detest PT, so I wrote JAMB and chose Accounting.

Some of my friends that went for medicine and engineering did not do better than me in secondary school.

Covenant97:
Good day fellas!!

Early this morning I log into my LinkedIn account and on my newsfeed I saw series of congratulatory messages and inspiring quotes from peeps on the ICAN results that just got released...

Although, I was happy for them, at least it’s time to enjoy the reward of their handwork and investment paid off...but while on this, my mind was troubled not for bad reasons though, but in that the number of graduating chartered accountant are way high in there numbers and some student still in school are veering to get chartered as well...with this in mind I began to question myself if ICAN as it is today is still worth it or just overrated given the basic law of demand and supply...more chartered accountant plunging into the system with few but highly competitive job around..what does the future hold for this peeps......

Conversely, began to notice that most people who became chartered and those who are one day looking forward to be one are doing for The grams, to feel among, to impress friends and family that they are smart as most saw that only a genius can pass the exam according to them....

The craze to feel counted and ego boosted( not all though) has made the profession too saturated leading most accountant unemployed or underpaid( the ones who saw it as their career life goals)....

With this in mind is the ICAN journey a worthy to embark on( for who who are yet to, myself inclusive) or is it just overrated...

Ps on the level of difficulty attach to the exam how true is it.. for those who has written... I have seen and come across peeps who brag about its difficulty in a bid to make themselves special and downplay the efforts of others who had failed in the exam... this is particularly common among the current crop of ACA...

It there a secret or special kind of strategy and approach one need to know or failed to know that makes the ICAN look as if it’s only surmountable by the genius alone....

I come in peace......

It is a highly over-rated exam and only for ego-tripping purposes.

Most tellers in the banks are ACA

I also know a few POS operators who are ACA

The funny thing is that if you ever decide to leave Nigeria, the moment you board your plane, the certificate becomes a worthless paper.

ACCA will pity you and say you should go and write 4 exams, do their PER and complete an online learning.

CPA will make you rewrite almost all their exams and spend close to $13,000.

Most Fellows I know here has even forgotten they ever got ACA and are now battling CPA

In a nutshell, ICAN is now as useless as COREN and other professional certificates in naija.

Its just a waste of money and time just to impress family and friends

WiszyFraud:
Did you know??



Ladies and gentlemen, deworm yourself once every 6 months. If you’re a “mama put“ customer, deworm every 3 months.

✌️

Fake doctor

diplomat058:
A certificate that makes you eligible for practice in the UK and some other countries. You call it overrated? So many kids on this forum

Uncle, why you dey lie na?

Wetin happen to ACCA?

Laxy009:
ICAN is never overrated . I’m a qualified member. I qualified two years ago but I did my induction last month after meeting the 36 months of experience for accounting graduate . I’m the 3rd person in my family to hold such certification and it’s not ending there as I’m currently preparing for CISA & CIA exams. What will make you stand out despite having ICAN is continuous personal development . You need to keep abreast with latest in the industry. Up skilling and up skilling is a must .

Despite the number of people that keeps writing and passing ICAN exams,we don’t have up 70k ACAs in this country . Even before my induction this year ,I got over 4 mouth watering offers that I have to sit down and pick the best and turn down the rest . I still got a call from the head of Internal audit of one of those firm asking me if I would still love to join them if they review the benefits upward . As a young ACA ,the opportunities are quite enormous if only you see the bigger picture . I have friends that have gotten a good job in Uk,Canada,Us and Netherlands just because of their experience and ACA. They got relocated and the companies paid for their visa and flight including their immediate family .

People that don’t have such certificate see it as nothing but people that have such see it as something because they know what it takes to have ACA at the back of your name . You can’t work in the big 4 like PwC,Deloitte,Kpmg and EY without having to back up your first degree certificate with a professional certification like ICAN/ACCA.

ICAN exam is never easy but with the right preparation and mind set you’ll surely pass if you know what you are doing . My little bro recently wrote 5 papers in skills level of the exam and passed 4 and he’s on his way completing the rest of his papers .

Cheers to your success !

Na all this lies dey make people dey waste money for ICAN so.

Which Canada?

Have you seen a Canadian Visa before?

Just talk wetin you know and stop glorifying your worthless paper.

Come Canada make you start all over again with CPA

I strongly believe ICAN,CIBN,CIS NIM are greatly overrated. If you wish to go for any certification go for an international certification like CFA,ACCA,NEBOSH, OPITO CERTIFIED TRAININGS for those in the oil and gas company. With these certifications, you can work in any company in the world.

I would rather you invest that time doing ACCA. You would be killing two birds with one stone. You can't use ICAN outside Nigeria but ACCA can be used within and outside Nigeria.

It's really not overrated.

AderonkeOlaniyi:


Congrats! You've achieved a lifelong dream. LAPO has given you 200k loan. Use it wisely. Don't carry ashawo ooh.

body no be firewood nah

@covenant97

You can't call yourself a serious Accounting professional in Nigeria and you don't have your ICAN, at least.

You'll lose out on good job opportunities after your entry level stage.


That's all I have to tell you.

Cadillac15:


Uncle, why you dey lie na?

Wetin happen to ACCA?

A simple google inquiry will save you from self-embarrassment

Chiedumaga:


Have you seen any chartered accountant earning less or desperately looking for a job

Yes. When I was still working in Nigeria, several POS agents that I personally knew had ICAN.

Oneof them even created business card and was using it to oppress.

And thing is they all went into business after they got tired of the labour market.

Asour:


'Powerful AI' jobs would only take routine, basic data jobs not truly professional accounting expertise.

The Industry is regulated & requiring personal judgements once in a while.

For instance, How does a Electricity distribution company recognize revenue while providing for Bad debts? Good luck finding nan AI to help with this now. Maybe in the future, but not now.

My emphasis was on small businesses and even at that they need a professional from time to time to get their books right for tax and loan applications

However the demand is getting low

adewumiopeyemi:
See let me tell you people that are chartered accounting sef dont even have a job most of them sre managing with 50k montly salary

When I see unintelligent comments like this, always make me wonder. How many FCA have you interviewed to know that they earn "50k"?

diplomat058:


A simple google inquiry will save you from self-embarrassment

You no get point jare. I am sure you were in Secondary school when I got the damn charter

ACCA is the SRO for accounting in the UK
if you have ICAN, you have to convert to ACCA.

Go and check the conversion procedure.

Just a tip to you: I no be pikin for your profession but I just have to say the blunt truth.

I don't think it is.

There's a difference between how much accountants who have ICAN earn and those who don't. At least, is have friends in both categories.

Tech has taken over . Freelancers wit their laptop nd boxer earns more than chartered accountant with good pay

Cadillac15:


You no get point jare. I am sure you were in Secondary school when I got the damn charter

ACCA is the SRO for accounting in the UK
if you have ICAN, you have to convert to ACCA.

Go and check the conversion procedure.

Just a tip to you: I no be pikin for your profession but I just have to say the blunt truth.

https://www.icaew.com/membership/becoming-a-member/members-of-other-bodies/members-of-other-bodies-a-z/ican-nigeria-members

Even if you've been chartered for 50 years, it doesn't nullify what it true. I have former Colleagues who are now in the UK, practicing with their ICAN. The ICAEW will give them licenses to practice as long as they've been members of ICAN (Nigeria) for at least two years. Please kindly update yourself, dear professional

HORLADY:
ICAN is not overrated my brother. While there are gifted/ genius who successfully qualified in two diets, a lot of peeps like me spent 4yrs(8diets) to achieve same feat. I am not where I want to be yet, but I won't be where I am today if I have not qualified as a Chartered Accountant 2yrs ago. Today, I discuss with State Governor, Commissioners and Men of Substance because of ICAN certificate in my kitty.

I would rather quit trapping ‘fore I walk around acting like something I ain’t

Komu1048:


I’m sorry to hurt ur feelings bro, the truth is no course is actually simple, they all require hard study and prayer but some are harder than others.

You have not in anyway hurt my feelings.
I was just out to correct the erroneous impression you were trying to create.
The best graduating student in my son's .secondary school last year was a female commercial student. Right from JS 1 thru SS 3, she was undoubtedly the best.
The school's mgt, staff, students and parents were shocked when she opted for commercial subjects in SS. This is a girl that will cope effortlessly in whatever course be it art or sciences. There are others like that studying accounting after advise from parents or experienced relatives.

diplomat058:


https://www.icaew.com/membership/becoming-a-member/members-of-other-bodies/members-of-other-bodies-a-z/ican-nigeria-members

Even if you've been chartered for 50 years, it doesn't nullify what it true. I have former Colleagues who are now in the UK, practicing with their ICAN. The ICAEW will give them licenses to practice as long as they've been members of ICAN (Nigeria) for at least two years. Please kindly update yourself, dear professional

5years and it's not a free ride to obtain it.

endsarrrs:
The last time i checked, ICAN/ANAN certified ACCOUNTANT GENERAL OF NIGERIA was accused of stealing 80 BILLION NAIRA

Thieves!

The man that was accused of stealing N80billion is not an ICAN member.

Cadillac15:


Na all this lies dey make people dey waste money for ICAN so.

Which Canada?

Have you seen a Canadian Visa before?

Just talk wetin you know and stop glorifying your worthless paper.


Come Canada make you start all over again with CPA

Out of all have said,it’s Canada you picked out ? If you don’t have your local professional qualification nobody will grant you audience in the first place . Writing CPA is not bad since they don’t use IFRS. What’s the big deal writing CPA exams ? Since it’s required to practice in such economy or country .Who says it’s worthless ? Please get your facts straight .

Covenant97:
Good day fellas!!

OP, ICAN is not overrated in any way. It is still one of the very best professional body in Nigeria today in terms of quality of members, credible examination process, international recognition and professional standards.

If you’re looking out to become a well rounded professional Accountant in Nigeria, then ICAN is your best bet. If you are looking for a get out of poverty certificate, look elsewhere.

As for the over-saturation, I don’t think the market for qualitative professional Accountant is saturated. ICAN was founded in 1965 and till today, we still have less than 60k members living, dead and retired. The other one that was created in 1992 now has about 200k members. So you see, there is a big difference. There is still a huge market for ICAN members in sectors were competency and professionalism are top priority.

Ifecotech22:

Bro where are you learning data science. I am very much interested in that skill

Na self learning o....excel, Mysql, Python.

ICAN wey curruption and bribrey don diminish

GRAMMARJAMES:
Why na . It's not o. I've been writing AUDIT for over 2 years now, still I haven't passed.. only paper keeping me to be qualified.. I wanted to give up when results came out yesterday but looking at how far I've came, I'll just Keep pushing hoping I'll make it come November Diet..

Study past questions only for your audit and thank me later

Accountancy is a noble profession. It is one of oldest professors having started 1365 after a treatise written by Luca Pacioli in Italy ��.

Work of accountants can never be replaced instead it will keep undergoing changes in line with modern technology and needs. Accounting will stop when money will no longer used for settlement.