ICAN-Institute of Chartered Accountant of Nigeria

Institute of Chartered Accountant of Nigeria (ICAN)

HOW TO BECOME ICAN MEMBER

Are you looking for a career that holds the allure of self employment for dedicated and hardworking men and women with the Institute of Chartered Accountant of Nigeria ICAN?

Are you looking for a career that offers prestige, respect, great prospect and excellent financial rewards?

Do you desire a viable option to enter the job market upon qualification without stress?

If your answers to the above are YES, then, accountancy profession is the perfect option and Institute of Chartered Accountant of Nigeria ICAN will take you through.

There are two routes to become Chartered Accountant in Nigeria, that is Associate Chartered Accountant (ACA):

AS A PROFESSIONAL STUDENT:

The degree of any University or Higher National Diploma of any Polytechnic accredited by the Council.
And  any other qualification for the time being approved by the Council. Click here ICAN Professional Students

The Council has accepted the following qualifications for the purpose of entry requirements:
1. The degree of any University or Higher National Diploma of any Polytechnic accredited by the Council.
2. Any other qualification for the time being approved by the Council.

1. Professional examination registration fee is ₦7000 (bank charges not included) payable using any of the following methods of payment;

2. Use the transaction reference and receipt number to complete your form online on our website. A box will pop up.

3. Click to submit on completion of the form.

4. Print out the completed form and sign it.

5. Attach the below documents and submit the hard copies to any of our offices.

  • Original copy of the pay direct receipt/transaction reference
  • Certified photocopies of your credentials and educational qualifications and any of (NYSC discharged certificate, call-up letter or students academic transcripts). The transcripts should be addressed to Registrar/Chief Executive of the Institute.

NOTE: YOU WILL REQUIRE A CHARTERED ACCOUNTANT TO ENDORSE YOUR APPLICATION FORM & CREDENTIALS ON COMPLETION.

  • The final examination of the Institute of Chartered Secretaries and Administrators
  • The final examination of the former Corporation of Secretaries.
  • The final examination of the Association of International Accountants
  • The final examination of the Chartered Institute of Bankers of Nigeria
  • The final examination of the Chartered Institute of Stockbrokers
  • The final examination of the Chartered Institute of Taxation of Nigeria
  • The final examination of the Association of Accounting Technicians, U.K.
  • The final examination of the Association of National Accountants of Nigeria (ANAN)
  • Executive Management Accountancy (Federal Treasury Training School, Stage III)
  • The final examination of Accounting Technicians Scheme, West Africa (ATSWA).

EXEMPTION GUIDELINES AND FEES

 Academic QualificationExemptionsFee N
APh.D.(Accounting) with M.Sc. (Accounting) and B.Sc.(Accounting)All subjects in Foundation and Skills Levels119,000.00
BM.Sc. (Accounting) obtained from ICAN
accredited institutions in addition to B.Sc. in
Accounting.)
  • All subjects in Foundation Level
  • B1.Financial Reporting
  • B2. Audit and Assurance
89,000.00
CM.Sc. (Accounting) obtained from ICAN
accredited institutions but without B.Sc. in
Accounting.
  • A2. Business, Management and Finance
  • A3. Financial Accounting
  • A4. Management Information
34,900.00
DM.Sc. (Accounting) obtained from non-accredited
institutions in addition to B.Sc. in
any accounting related discipline.
  • A2. Business, Management and Finance
  • A3. Financial Accounting
  • A5. Business Law
34,900.00
EB.Sc/HND (Accounting) obtained under the
Mutual Co-operation Agreement with Tertiary
Institutions (MCATI)
  • All subjects in Foundation and Skills Levels
119,00.00
FATSWA (2010 )
  • All subjects in Foundation Level
  • B2. Audit and Assurance
79,00.00
GATS II (2005)
  • A2. Business, Management and Finance
  • A3. Financial Accounting
  • A4. Management Information
34,900.00
HB.Sc./HND (Accounting) obtained from ICAN
accredited Institutions in Nigeria.
  • All subjects in Foundation Level
  • B2. Audit and Assurance
79,000.00
IB.Sc./HND (Accounting) obtained from
recognised institutions in Nigeria but not yet
accredited by ICAN.
  • A2. Business, Management and Finance
  • A3. Financial Accounting
  • A5. Business Law
34,900.00
JB.Sc./HND (Accounting) obtained from foreign recognised Institutions.
  • A2. Business, Management and Finance
  • A3. Financial Accounting
28,700.00
KB.Sc. EconomicsA2. Business, Management and Finance22,500.00
LB.Sc. Actuarial Science
  • A2. Business, Management and Finance
  • A5. Business Law
28,700.00
MB.Sc./HND Insurance
  • A2. Business, Management and Finance
  • A5. Business Law
28,700.00
NB.Sc./HND/B.A Business
Admin/Management/Public Administration
  • A2. Business, Management and Finance
  • A5. Business Law
28,700.00
OB.Sc./HND Banking and Finance
  • A2. Business, Management and Finance
  • A5. Business Law
28,700.00
PB.Sc./HND Marketing
  • A2. Business, Management and Finance
  • A5. Business Law
28,700.00
QMBA in addition to B.Sc./HND in non- accounting discipline
  • A2. Business, Management and Finance
  • A5. Business Law
28,700.00
RB.Sc. (Ed.) Accounting or B.Ed. Business
Education (Accounting option)
  • A2. Business, Management and Finance
  • A3. Financial Accounting
  • A5. Business Law
34,900.00
SB.Ed. Education Management (Accounting
Option)
  • A2. Business, Management and Finance
  • A5. Business Law
28,700.00
TB.Sc./B.A Commerce
  • A2. Business, Management and Finance
  • A5. Business Law
28,700.00
UB.Sc./HND Cooperative and Rural Development
  • A2. Business, Management and Finance
  • A5. Business Law
28,700.00
VLL.B/LL.M/LL.DA5. Business Law22,500.00
    

Professional qualifications

 QualificationsExemptionsApproved Rate
N
aAssociate Chartered Institute of Bankers of
Nigeria (ACIBN)
All subjects in Foundation Level except
Taxation (A1.)
41,100.00
bAssociate Institute of Financial Services, UK
(Formerly Chartered Institute of Bankers,
London)
  • A2. Business, Management and Finance
  • A3. Financial Accounting
28,700.00
cAssociate Chartered Institute of Stock
Brokers of Nigeria (ACIS)
  • A2. Business, Management and Finance
  • A3. Financial Accounting
  • A5. Business Law
34,900.00
dAssociate Institute of Chartered Secretaries
and Administrators (AICSA)
  • A2. Business, Management and Finance
  • A3. Financial Accounting
  • A5. Business Law
34,900.00
eAssociate Chartered Institute of Insurance of
Nigeria (ACIIN)
  • A2. Business, Management and Finance
  • A5. Business Law
28,700.00
fAssociate Chartered Institute of Taxation of
Nigeria (ACITN)
All subjects in Foundation Level except
Management Information (A4.)
41,100.00
gCertified National Accountant of Nigeria
(CNA)
All subjects in Foundation and Skills Levels119,000.00
hFederal Treasury Academy with effect from
1987 (Formerly
Federal Treasury Training School) (EMA)
  • All subjects in Foundation Level
  • B2. Audit and Assurance
79,000.00
iCIMA, UKAll levels except
  • C2. Advanced Audit and Assurance
187,200.00
jACCA, UK
CPA, USA
CIPFA, UK
ICAS, UK
ICAI, UK
All levels except the following subjects in each
of the level:
  • A5. Business Law
  • B5. Public Sector Accounting & Finance
  • C4. Advanced Taxation
171,000.00
kICAEWAll subjects at all levels198,450.00
lAIA (Final) with effect from 1994
AAT (UK)
  • A2. Business, Management and Finance
  • A3. Financial Accounting
  • A4. Management Information
  • B2. Audit and Assurance
66,600.00
mAIA (Pre-1994)
  • A2. Business, Management and Finance
  • A3. Financial Accounting
  • A4. Management Information
34,900.00

 

AS AN O/LEVEL or (ATSWA) STUDENT:

The Accounting Technicians Scheme West Africa (ATSWA) programme is designed to produce middle level Accounting Technicians within the West African sub-region.

The ATSWA syllabus is divided into 3 parts and each part consists of four (4) subjects.

Associate Accounting Technician (AAT) Certificate is awarded upon successfully completing the Accounting Technicians Scheme of West Africa (ATSWA) Examinations.

The duration for the completion of the 3 level examination is a minimum of 15 months for those with ordinary level certificate and 6-12 months for those with higher certificate but not a degree certificate. The examination takes place twice a year i.e. March and September. Click here  ICAN ATS Students

ATSWA study packs are available for free download HERE

  1. Five (5) credit passes in any subject including English Language and Mathematics in the West Africa School Certificate Examination, General Certificate of Education or Senior School Certificate of Education, NECO equivalent not more than two sittings or NABTEB.
  2. Ordinary National Diploma of any Polytechnic recognised by the Council of the Institute
  3. National Certificate in Education (NCE) from any College of Education.

. ATSWA registration fee is ₦6000 (bank charges not included) payable using any of the following methods of payment;

2. Use the transaction reference and receipt number to generate your PIN and SERIAL NUMBER here.

3. Click to submit on completion of the form.

4. Print out the completed form and sign it.

5. Attach the below documents and submit the hard copies to any of our offices;

  • Original copy of the pay direct receipt/transaction reference
  • Certified photocopies of your credentials any (NECO,WASCE, NABTEB, OND, NCE)

NOTE: YOU WILL REQUIRE A CHARTERED ACCOUNTANT OR ASSOCIATE ACCOUNTING TECHNICIANS (AAT) TO ENDORSE YOUR APPLICATION FORM & CREDENTIALS ON COMPLETION.

These are the recognize and certified tuition centres for both ATSWA and Professional Examinations. Click here for the CENTRES 

ATS EXEMPTION FEES

S/N

QUALIFICATION

LEVEL OF EXEMPTION

CURRENT RATE(=N=)

1OND Accounting (Accredited Institution)Part I & II (All Subjects)25,680.00
2NCE Accounting (Accredited Institution)Part I & II (All Subjects)25,680.00
3OND Fin. Studies/Banking & Fin.Part I & PPFA in Part II21,060.00
4OND Bus. Studies/Bus. Admin.Part I (All Subjects except Law)10,860.00
5AAT U.KParts I, II & III (Except Bus Law [I] Govt. Acctg [II] & PTCR [III])36,360.00
6OND StatisticsQ/A8,880.00
7OND Computer ScienceI.T8,880.00
8OND InsuranceQ/A8,880.00
9OND MarketingEconomics8,220.00
10Diploma in Accounting (Uni. Ben.)Parts I & II (Except Govt. Acctg)24,120.00
11Diploma in Public Accounting (Kad. Poly)Parts I & II (All Subjects)25,680.00
12Diploma in Public Accounting (Kwara Poly)Parts I & II (All Subjects)25,680.00
13Diploma in Accounting (Uni. P/H)Part I & PPFA in Part II21,060.00
14OND Accounting (NASFA)Parts I & II (All Subjects)25,680.00
15OND (Petroleum Marketing & Bus. Studies)Business Law8,220.00
16Diploma in Accounting (Olabisi Onabanjo Uni.)Parts I & II (All Subjects)25,680.00
17OND Accounting (Non Accredited Institution)Part 1 Only12,180.00
18OND Accounting&ATS1Part11 only13,500.00

ATSWA

PROFESSIONAL INSIGHTS FOR DOWNLOAD

PROFESSIONAL

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