ICAN PROFESSIONAL EXEMPTION GUIDELINES FOR EXAMINATION STAGE

 The exemption guidelines below are in accordance with the syllabus which was reviewed  & effective MAY 2010
ACADEMIC QUALIFICATION AND   EXEMPTIONS:

A) B.SC/HND(Accounting) from an Accredited Institution in Nigeria   ( All subjects in foundation and intermediate)

B) B.SC/HND (Accounting) obtained from recognised institutions in Nigeria but not yet accredited by ICAN     ( All subjects in Foundation )

C)  B.SC/B.A/HND (Accounting) obtained from foreign recognised institutions    ( All subjects in Foundation and Intermediate).

D)  M.SC (Accounting) obtained from recognised institutions in addition to B.SC in any other related discipline   ( All subjects in Ioundation intermediate)

E)  Ph.D (Accounting)   ( All subjects in Foundation and Intermediate, and  Management Accounting and Financial Accounting in P E 1 )

F) B.SC Economics, B.SC Actuarial science, B.SC/HND Insurance,  B.SC/HND/B.A Business Admin/Management,  B.SC/HND Marketing,  B.SC/HND Banking & Finance,  MBA in addition to B.SC/HND in Non-Accounting discipline       ( Economics and Business Environment in Foundation )

G) B.SC. (Education) Accounting or B.Ed. Business Education (Accounting Option)     ( All subjects in Foundation  )

H)  B.Ed Education Management     ( Economics and Business Environment in Foundation )

I)   ATS 2 ( old syllabus )      ( Economics and Business Environment in foundation )

J)  ATS3 ( New Syllabus)         ( All subjects in Foundation, costing & Quantitative Techniques, Taxation and Audit & Assurance in Intermidiate  )

K)  B.Tech Project Management,  B.SC Engineering Management,  B.SC/HND Cooperative and Rural Development,   B.SC/B.A. Commerce,   B.SC/HND Statistics/Economics,    B.A Library Science/Economics,   HND Agric/Economics       ( Economics and Business Environment in Foundation )

L) LL.B    ( Corporate and Business Law in Foundation  )  

M)  B.SC/HND Estate Management,   B.SC/HND Biology,  B.SC/HND Chemistry, B.SC/HND Bio-Chemistry,  B.SC Archaeology/Geology,   B.SC/HND Statistics,   B.SC/HND Engineering,  B.SC/HND Chemistry Engineering,  B.SC/HND Town & Regional planning,   B.SC/HND/B.Ed Chemistry,   B.SC/HND Tech. Computer,   B.SC/HND Mathematics,   B.SC/HND Industrial Mathematics,   B.SC/HND Industrial chemistry,   B.SC/HND Agriculture,  B.SC/HND Building Technology,    B.SC/HND Petroleum Engineering,    B.SC/HND Elect. (Elect),    B.SC/HND/B.Ed Chemistry,    B.SC/HND Applied Mathematics,    B.SC/HND Applied Chemistry,   B.SC/HND Applied Physics,    Public Admin-Subject to transcript,    B.SC Business Education-Subject to transcript        ( NIL i.e NO EXEMPTION(S)  GRANTED )  

          PROFESSIONAL QUALIFICATIONS & EXEMPTIONS


A)  ACIB (Nigeria)    (All subjects in Foundation except Economics and Business Environment; and all subjects in intermidiate except Taxation, and Audit and Assurance )

B)  ACIB ( London)   ( All subjects in Foundation except Economics and Business Environment ; and all subjects in intermediate except Taxation, and Audit and Assurance )

C)  ACIS  ( All subjects in Foundation except Economic and Business Environment; and all subjects in intermediate except Taxation, and Audit and Assurance )

D)   ACS   ( All subjects in Foundation )      

E)  ACII   ( Economics and Business Environment in Foundation )

F)   ACIT  (All subjects in Foundation and Taxation in Intermediate )

G)   AIA ( Final ) 1994 to date and AAT (UK )       ( Costing and Quantitative Techniques, Audit and Assurance in Intermediate )

H)   AIA (pre-1994)    ( All subjects in Foundation and Intermediate except Audit and Assurance ) 

I)  ANAN         ( All subjects in Foundation and Intermediate, Management Accounting in PE 1 and Strategic Financial Management in PE 2 )

 J)  Executive Management Accountancy  ( Federal Treasury Training School starting from 1987 )        (  All subjects in Foundation and Intermediate )

K)  ICAEW, ACCA (UK), CPA (USA), CIMA (UK), CIPFA (UK), ICAS (UK), ICAI (UK)     ( All subjects in Foundation, intermediate, PE1,and PE2 --subject to undergoing intensive course for special candidates )