₦airaland Forum

IrepChrist:
I can remember when the board started in the early 90's it was prestigious to be called a chartered accountant but this days there are lots of accounting applications that has redefined accounting. IT and accounting are now 5&6.

Brethren Jesus loves you. There is eternity after our sojourn on health. It pays to live for Christ and to die would be gain.

Please repent today.

geewean:
You see this life, you can never please humans especially NIGERIANS. We are worse than the children of Israel who provoked God multiple times with their excessive and impatient requests.


I won't be shocked that this OP is an outsider in the profession: he hasn't written any of the exams before.

There was a time frame the general results were so bad. People even gave tribal and ethnic dimension to the results that it was created to favour the Yorubas which was wrong. I am a south south person. Many aggrieved students members collaborated and wrote to the national assembly under Chuba okadigbo and David marks regime but no response.



The turning point was when ACCA invaded the Nigerian market aggressively showcasing the benefits of enrolling with them. The pass rate was boooooom. Students saw an alternative the " frustrating ICAN".ICAN responded by re evaluating the curriculum to meet international standards and opened up it's procedures. Redesigned it's study packs. Viola students started doing well. Only those who had abraod ambition consider ICAN.



Juxtapositically, ICAN is a more tougher exam compared to ACCA. ACCA splits it's finance paper into F9 and P4 . ICAN Meger both into a single paper called SFM. Literally, you are doing two papers in one while our counter parts in the UK are doing it in piecemeal.



This are my observations, this few years that we have witnessed massive churn out of chartered accountants. One significant factor has remained relatively constant which is the emergence of ICAN tuition rabbai.


I know how umthe understanding of IFRS was like Greek and Latin. I read it on my own Omo no where. When I came across Teach yourself group accounting and IFRS by Casmir . Infact my head popped open. I didn't attend any physical classes to ace my FR and CR papers without sweat. Mr Nkiri in Calabar helped me pass dreaded PM at skills stage . His uncommon explanation dymstified the papers like mad to me.


This OP is an absolute reflection of the crazy mentality Africans carry due to the impact colonial oppression has had on us. African now see life from the harder perspective. The slavery mentality sold through generations to generations that reached this OP deserves an Oscar or a balloon dor.

See the way foreigners ace their ACCA papers and get certified. You didn't complain. Your brothers and sisters are doing the same now it's generating bitterness in you like kainji dam.
Why do we wish things to be difficulty for ourselves. Third party Working experience with Britons and US shows how they make life easier. But your own is different for bad.


I know Nigerias problem is not an Abuja problem. Until we as a people get our thinking faculty right to celebrate people then blaming the politicial class will be an eternal exercise. Tommorow laidis na you go dey front seat for church or on Friday lead the prayer row in the mosque but in yuur mind you wish things should be Very very sweaty for Nigerians. What a fallacy.

ICAN has not reduced her standards at all.Many of those you see on LinkedIn celebrating their achievements failed over and over to get it.Some even gave up at some point.You don't know their travials,their private tears,how much they spent but you have energy to stay behind your keyboard and type nonsense all because you want a front.

I am even disappointed at your tertiary education sef.What education should have done to you is to make you research minded.I expected a more factual post based on objective findings through empirical means of questionings and interviews.Than spewing rubbish from your dirty mind.


Tommorow if ICAN deliberately starts to complicate matters it's same you that will create hastags on social media #JusticeForIcanStudents.etc.Politicians have studied your type well and know this people don't wish good for themselves so let's milk the common wealth to our benefit and at their expense.

I was even thinking you will expound on vital issues in the process like students not focusing on passing exams alone as work place demand is different from the exams . realignment of focus on integrating tech into the profession.


I really pity the future of black Africa with the current bandwidth of mentality.

Highways:
Everyone wants to leave the country... Ask yourself is ICAN recognised outsid the country

Komu1048:
Those bragging, if them sabi book they won’t go for accounting in the first place. Where medicine, pharm, Engnrs n law dey?

But in the committee of Olodos, the average one will always see themselves as genius. People wet I.T and computer graduate don collect their work tire

truthfinder319:
Are you actually a serious soul? Spamming all threads with religious preaching

othermen:
Ok. If you have ACCA in Nigeria, you also have to be a member of ICAN before you can derive the full benefit of your certification. In order for ACCA to become ICAN members, they have to write some ICAN papers as well. So it is not an upgrade as such in terms of superiority or inferiority.

In the UK, you can practice with the ICAEW. With your ICAN membership , you don’t have to write any exam to gain the ICAEW. In most countries, you just have to write very few of the locally developed syllabus such as Advanced Taxation in order to become a member of their local chartered accountancy body. It's not exactly so with ACCA. You don't have to write any such locally developed syllabus to become a member of ACCA or ICAEW. Most ACCA holders don't even have the advantage that comes with being a member of the ICAEW because they wrote the international variant of the ACCA and so cannot reach the pinnacle of their career say as audit partners if they choose to practice in the UK. They needed to write the ACCA UK variant in Advanced Audit and Strategic Business Reporting.

Even if you are a member of ICAEW; if you are interested in becoming ACCA, you would write the same number of papers that ICAN members needed to obtain the ACCA certification. ICAN is a member of IFAC and CAW among other global chartered accountancy bodies.

A CPA holder is useless in most of EUROPE and most of the world. Most countries are IFRS compliant however ACA is not an upgrade or superior to CPA despite you having to write ICAN papers in addition to your CPA in order to practice in Nigeria.

Most countries have similar arrangements. So the CPA holder does not know the accounting and audit standards that are prevalent in much of the world (IFRS and ISA) . So there is no superiority or inferiority as such. It’s only normal and expedient what is obtainable and it goes either ways.

In fact, none of the big 4s have their headquarters in the US or in Canada. It’s the same way you have the Nigeria office, that you have the US office.

Universal recognition is the better basis. CPA is superior in the USA or Canada. In Nigeria, ACA is superior. In the US, you can have CPA from a state and you will not be allowed to practice in another state in the US. For global universal recognition, IFRS and ISA are most prevalent. Which is the core of ICAN and ACCA; but of Coz, the a significant % of the top 500 companies are in the US.

Is the CPA more rigorous?
How rigorous it is, will be in the course content or in the elaboration of the course content and how easy it is to pick marks.
To write ACCA or ICAN averagely requires 3000 hours while the CPA test itself requires an average 150 hours. The CPA exam itself has 4 sections which is Audit, business environment, Financial accounting/reporting, and regulation... and 50% of all of the exams is multiple choice.
Of coz, one easily sees that this is just like a level in ACCA. So, other exams that they should write, it is expected to have been examined in their prior qualifications which is called the ‘masters degree equivalent’.

The rigour in ACCA or ICAN, is that you having a masters degree is not sufficient to get you such exemptions that the CPA would suggest you have. CPA has less processes and defers what you may find in ACCA to a CFA. And in no way, am I trying to diminish how rigorous the CPA exam is.

Generally you have more graduates and educated fellows than had decades ago. MSC and MBA are no longer scarce as more people have the opportunity of obtaining it. However, being a chartered accountant is always relevant; in most private organizations, it would project you further.

It is ignorant to compare ACCA/ICAN or CPA with CFA. The scope of the former is much wider. The CFA is chiefly for finance; it’s scarce and so very valuable. The reason why the CFA is scarce is besides being rigorous, the exam is very expensive. In a highly credentialised nation like Nigeria, you would have many CFA if the cost of the exam is very affordable and more accessible; but the CFA has high barriers of entry and so has retained its value significantly. However, despite such value, you cannot use your CFA anywhere in the world to become an audit partner. The organizations that needs CFA’s are very minimal in numbers and you would not earn the opportunities that being a chartered accountant affords by being a CFA. Anyone can be an accountant and anyone; even a medical doctor can be a financial analyst. However, there are certain regulations that requires strictly the consent of chartered accountants.

There is no need to convince anybody really of the relevance of acquiring professional certifications; if you are entering labour market, you would come to appreciate what advantage it may afford sooner. Most of the contents is in response to those diminishing ICAN and even the ACCA.

Cadillac15:
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

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 !

Jackossky:
Hi
I will Like to ask, I'm an Economist and want to give these exams a shot. Not that I like accounting but I'm brilliant enough to stay focused and pass any of the exam provided I put my heart to it.

Which is advisable, Acca Or Ican

I don't want to pass through the rigorous process of seating for extra papers. I have intention of seeing the world beyond Nigeria so which will be more advantageous to me?



I do hope you get my question as I'm so antsy for your answer.

Ziyech:
Lol, this is not true bruv

Laxy009:
So you want to practice as an Audit professional ,Tax professional and Accounting Advisory professional in the big 4 without ACA/ACCA? It’s a must ,it’s either you have it before joining them or you study and write the exams while you work . The big 4 are also rated based on the number of ACAs they have .

Please get your facts straight .

Jackossky:
Hi
I will Like to ask, I'm an Economist and want to give these exams a shot. Not that I like accounting but I'm brilliant enough to stay focused and pass any of the exam provided I put my heart to it.

Which is advisable, Acca Or Ican

I don't want to pass through the rigorous process of seating for extra papers. I have intention of seeing the world beyond Nigeria so which will be more advantageous to me?



I do hope you get my question as I'm so antsy for your answer.

Romanoff:
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.

Ajibade123:
Aren't you a banker??

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

othermen:
Ok. If you have ACCA in Nigeria, you also have to be a member of ICAN before you can derive the full benefit of your certification. In order for ACCA to become ICAN members, they have to write some ICAN papers as well. So it is not an upgrade as such in terms of superiority or inferiority.

In the UK, you can practice with the ICAEW. With your ICAN membership , you don’t have to write any exam to gain the ICAEW. In most countries, you just have to write very few of the locally developed syllabus such as Advanced Taxation in order to become a member of their local chartered accountancy body. It's not exactly so with ACCA. You don't have to write any such locally developed syllabus to become a member of ACCA or ICAEW. Most ACCA holders don't even have the advantage that comes with being a member of the ICAEW because they wrote the international variant of the ACCA and so cannot reach the pinnacle of their career say as audit partners if they choose to practice in the UK. They needed to write the ACCA UK variant in Advanced Audit and Strategic Business Reporting.

Even if you are a member of ICAEW; if you are interested in becoming ACCA, you would write the same number of papers that ICAN members needed to obtain the ACCA certification. ICAN is a member of IFAC and CAW among other global chartered accountancy bodies.

A CPA holder is useless in most of EUROPE and most of the world. Most countries are IFRS compliant however ACA is not an upgrade or superior to CPA despite you having to write ICAN papers in addition to your CPA in order to practice in Nigeria.

Most countries have similar arrangements. So the CPA holder does not know the accounting and audit standards that are prevalent in much of the world (IFRS and ISA) . So there is no superiority or inferiority as such. It’s only normal and expedient what is obtainable and it goes either ways.

In fact, none of the big 4s have their headquarters in the US or in Canada. It’s the same way you have the Nigeria office, that you have the US office.

Universal recognition is the better basis. CPA is superior in the USA or Canada. In Nigeria, ACA is superior. In the US, you can have CPA from a state and you will not be allowed to practice in another state in the US. For global universal recognition, IFRS and ISA are most prevalent. Which is the core of ICAN and ACCA; but of Coz, the a significant % of the top 500 companies are in the US.

Is the CPA more rigorous?
How rigorous it is, will be in the course content or in the elaboration of the course content and how easy it is to pick marks.
To write ACCA or ICAN averagely requires 3000 hours while the CPA test itself requires an average 150 hours. The CPA exam itself has 4 sections which is Audit, business environment, Financial accounting/reporting, and regulation... and 50% of all of the exams is multiple choice.
Of coz, one easily sees that this is just like a level in ACCA. So, other exams that they should write, it is expected to have been examined in their prior qualifications which is called the ‘masters degree equivalent’.

The rigour in ACCA or ICAN, is that you having a masters degree is not sufficient to get you such exemptions that the CPA would suggest you have. CPA has less processes and defers what you may find in ACCA to a CFA. And in no way, am I trying to diminish how rigorous the CPA exam is.

Generally you have more graduates and educated fellows than had decades ago. MSC and MBA are no longer scarce as more people have the opportunity of obtaining it. However, being a chartered accountant is always relevant; in most private organizations, it would project you further.

It is ignorant to compare ACCA/ICAN or CPA with CFA. The scope of the former is much wider. The CFA is chiefly for finance; it’s scarce and so very valuable. The reason why the CFA is scarce is besides being rigorous, the exam is very expensive. In a highly credentialised nation like Nigeria, you would have many CFA if the cost of the exam is very affordable and more accessible; but the CFA has high barriers of entry and so has retained its value significantly. However, despite such value, you cannot use your CFA anywhere in the world to become an audit partner. The organizations that needs CFA’s are very minimal in numbers and you would not earn the opportunities that being a chartered accountant affords by being a CFA. Anyone can be an accountant and anyone; even a medical doctor can be a financial analyst. However, there are certain regulations that requires strictly the consent of chartered accountants.

There is no need to convince anybody really of the relevance of acquiring professional certifications; if you are entering labour market, you would come to appreciate what advantage it may afford sooner. Most of the contents is in response to those diminishing ICAN and even the ACCA.

Hassanmaye:
Is not possible bro, any professional certificate you get in Nigeria is only relevant in Nigeria, like Law school, Medical school, ICAN, BL for you to be qualified overseas you have to write and pass their exams again simpLE

arthurwillia:
I think so.. because even my junior brother at 22 is snow a chartered accountant but he works for the big 4 already even people that are not chartered were picked so it’s overrated abeg

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

Thieves!

QuinModah:
Lol! Is it KPMG?

Hassanmaye:
What do you mean government agencies can absorb all of them? Can or can't??

teejoyz:
Yes. Do you know that any establishment must have an accountant.

Whyte0001:
You're getting it wrong,the Accountant general was never a member of ICAN�

protocol:
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.

protocol:
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.

arthurwillia:
no Deloitte