Ican nigeria new study pack

You're looking for a study pack for the ICan (International Certificate in Accounting) exam in Nigeria. Here's a comprehensive study pack that covers the key topics and exam format:

ICan Study Pack for Nigeria

Section 1: Financial Accounting

  1. Financial Statements:
    • Balance Sheet
    • Income Statement
    • Cash Flow Statement
  2. Accounting Principles:
    • Accrual Accounting
    • Matching Principle
    • Materiality
  3. Accounting Standards:
    • IFRS (International Financial Reporting Standards)
    • NAFI (Nigerian Accounting Standards)
  4. Financial Analysis:
    • Ratio Analysis
    • Cash Flow Analysis

Section 2: Management Accounting

  1. Cost Accounting:
    • Job Costing
    • Process Costing
    • Standard Costing
  2. Budgeting:
    • Preparation of Budget
    • Budgetary Control
  3. Performance Measurement:
    • Cost Centers
    • Profit Centers
    • Investment Centers

Section 3: Auditing

  1. Auditing Principles:
    • Independence
    • Objectivity
    • Professional Skepticism
  2. Auditing Standards:
    • ISA (International Standards on Auditing)
    • NAIA (Nigerian Auditing Standards)
  3. Audit Procedures:
    • Verification of Assets
    • Verification of Liabilities
    • Verification of Equity

Section 4: Taxation

  1. Taxation Principles:
    • Taxation of Income
    • Taxation of Capital Gains
    • Taxation of Value Added
  2. Taxation Laws:
    • Nigerian Tax Laws
    • International Tax Treaties
  3. Tax Planning:
    • Tax Avoidance
    • Tax Evasion

Section 5: Business Law

  1. Business Organizations:
    • Sole Proprietorship
    • Partnership
    • Limited Liability Company
  2. Contract Law:
    • Formation of Contract
    • Breach of Contract
    • Remedies for Breach
  3. Company Law:
    • Incorporation of Company
    • Memorandum and Articles of Association
    • Share Capital

Section 6: Ethics and Professionalism

  1. Professional Ethics:
    • Confidentiality
    • Integrity
    • Objectivity
  2. Professional Conduct:
    • Independence
    • Objectivity
    • Professional Skepticism

ICan Exam Format

The ICan exam consists of 5 sections, each with a maximum of 2 hours. The sections are:

  1. Financial Accounting (Section 1)
  2. Management Accounting (Section 2)
  3. Auditing (Section 3)
  4. Taxation (Section 4)
  5. Business Law (Section 5)

ICan Study Tips

  1. Understand the exam format and content.
  2. Focus on the most important topics.
  3. Practice with sample questions.
  4. Review and revise regularly.
  5. Join a study group or online community.

ICan Study Materials

  1. ICan Study Guide (available online)
  2. ICan Practice Questions (available online)
  3. ICan Textbooks (available in bookstores)
  4. ICan Online Courses (available online)

Remember to stay focused, practice regularly, and review the material thoroughly to achieve success in the ICan exam. Good luck!